The statistic shows the market size of the global Internet of Things (IoT) market from 2009 to 2014, with forecasts from 2015 to 2019. In 2013, the global IoT market had a size of 485.6 billion U.S. dollars.
The global IoT market will grow from $157B in 2016 to $457B by 2020, attaining aCAGR of 28.5%. Discrete Manufacturing, Transportation and Logistics, and Utilities will lead all industries in IoT spend.
The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.
This years’ series of Internet of Things (IoT) and Industrial Internet of Things (IIoT) forecasts reflect a growing focus on driving results using sensor-based data and creating analytically rich data sets.
[162 Pages Report] Internet of things market categorizes the global IoT market by software solution as real-time streaming analytics, security solution, data management, remote monitoring, and network bandwidth management, by service, by platform, by application area, and by region.