Find out the market size, shares, forecasts and opportunities for IoT. The internet of things is supposed to be the next big thing... but how big exactly? Find out the market size, shares, forecasts and opportunities for IoT.
- The Global Internet of Things (IoT) market reached USD 598.2 Billion in 2015 and the market is expected to reach USD 724.2 Billion by 2023. Further, the market is projected to register a CAGR of 13.2% during the forecast period 2016-2023 globally.
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.
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Source: Accenture: Winning with the Industrial Internet of Things. The Industrial Internet of Things (IIoT) market was valued at $93.9B in 2014, projected to reach $151.01B by 2020 and is expected to grow at a CAGR of 8.03% between 2015 and 2020. The base year used for study is 2014 and the forecast period is between 2015 and 2020.