15 IoT statistics for 2020 and beyond
2 min readApr 24, 2020
- It is estimated by 2020 there will be 10 billion active IoT devices around the globe. (and 22 billion by 2025!). (IoT Analytics)
- The global IoT market is estimated to grow to $457 billion by 2020 reaching an annual growth of 28.5%. (Enterprise CIO)
- Most of the SMEs and large enterprises are spending on IoT technology and the spending is predicted to reach $1.2 Trillion by 2026. (IEEE ComSoc)
- Cellular IoT connections have been predicted to grow at an annual growth rate of 30% through 2023. (Network World)
- The annual impact of IoT technology on the global economy is up to $11 trillion by 2025 across different sectors. (McKinsey)
- IoT security spending will see a huge elevation with 300% to $6 billion by 2023. (Juniper Research)
- B2B spending on IoT technologies, apps, and solutions will reach $267 billion by 2020. (Forbes)
- The B2B IoT market is predicted to grow more quickly than consumer applications. By 2020, B2B applications are expected to be valued at over $300 billion; consumer apps will reach $150 billion. (CustomerThink)
- The industrial goods sector leads all industries in IoT adoption at 45%, with an additional 22% of industrial manufacturers planning to adopt IoT in the next 12 months. (Forbes)
- Manufacturing, transportation/logistics, and utilities will lead all industries in IoT spending by 2020, with each averaging about $40 billion. (Enterprise CIO)
- A Gartner study indicates that 80% of surveyed organizations that have adopted IoT are achieving “better-than-expected results.”
- A Deloitte Industry 4.0 survey of 361 executives across 11 countries shows that 94% report digital transformation as their organization’s top strategic initiative.
- Fewer than 20% of the 605 survey respondents from a combined Ponemon Institute and Shared Assessments study can identify the majority of their organization’s IoT devices. Furthermore, 56% report not keeping an inventory of IoT devices, and 64% report not keeping an inventory of IoT applications.
- 76% of risk professionals think IoT leaves them at risk of cyber attacks
- SonicWall reports that IoT malware attacks jumped 215.7% to 32.7 million in 2018 (up from 10.3 million in 2017). The first two quarters of 2019 have already outpaced the first two quarters of 2018 by 55%. If this rate continues, it’ll be another record-setting year for IoT malware attacks
