When you stop and think about it, the Internet of Things (IoT) is an amazing notion (even though people aren’t too fond of the name). If you could tell someone from 1999 that everything—from watches to toasters to houses—would someday be talking to each other, that person would probably think you were crazy. Yet here we are in a world of connected devices. And when you look at how far connected devices have come over the past decade, it’s exciting to think about where it will be ten years from now.
The number of connected devices is growing rapidly, and IoT is becoming an integral part of businesses and society as a whole. To show you just how important (and impressive) it is, here are 12 mind-boggling Internet of Things statistics.
What Growth Looks Like Through 13 Internet of Things Statistics
4. According to Cisco, only .06% of things that could be connected to the Internet currently are, which means 10 billion things out of the 1.5 trillion that exist globally are currently connected. (Source)
6. The smart home industry was the leading industry in the IoT market in 2014 with $79.4 billion in revenue, followed by smart cities at $59.2 billion and smart building/infrastructure at $25 billion. Those numbers are expected to increase substantially by 2020. (Source)
7. Service organizations save $970/year per fleet vehicle due to the benefits of IoT. Total savings for an organization could range from $5,000 to $50,000 a year depending on the number of vehicles they use. (Source)
9. Global cumulative smart meter deployment increased by 500% between 2008 and 2012, from 46 million to 285 million meters installed, with a further increase to almost one billion installations projected before the end of 2018. (Source)
12. Gartner says there will be 26 billion connected devices by 2020. Cisco says there will be 50 billion, Intel says it will be 200 billion, and the IDC says 212 billion. In any case, these are all really big numbers. (Source)
Obviously some pretty big things are happening in the Internet of Things (and it looks like 2020 will be a big year). Companies are racing to get everything connected, and wireless technologies like Bluetooth, WiFi, and Symphony Link are making it all possible. We’re eager for the future of the IoT and happy to provide some of the building blocks and glue to make all these connections happen. What are some of the craziest IoT apps you’ve seen in the marketplace?