Welcome to the era of the Internet of Things (IoT), where interconnected devices have become an integral part of our lives. From smart homes to industries, IoT is transforming our day-to-day lives and how businesses operate. Here are some top IoT statistics that reveal the increasing immersion of IoT machines and devices in the digital landscape:
– In 2022, 871 million smart home devices were shipped, with a prediction of reaching 1.23 billion in 2027.
– B2B uses have the potential to generate nearly 70% of the value enabled by IoT.
– The predicted size of the IoT market in 2023 is $1.1 trillion.
– 80% of companies have integrated IoT in their operations in some way.
– 43% of energy companies use IoT to improve customer experience.
– The IoT market in agriculture is projected to reach $30 billion in 2030.
– The revenue from the consumer media and internet devices segment of IoT was $101.8 billion.
– Enterprise IoT had a 76% total IoT revenue share in 2022.
– The current market size of IoT devices and technology is $800.
As interconnected devices evolve rapidly, addressing security concerns becomes pivotal. Here are some IoT security statistics:
– 42% of organizations can identify insecure IoT devices, and only 14% promptly replace them upon identification.
– 98% of IoT traffic remains unencrypted, exposing personal and confidential data on networks.
– 32% of companies that have already adopted IoT consider the lack of skilled personnel for data security as their most critical concern.
– 57% of retailers actively take measures to enhance privacy, while 43% focus on preventing data breaches.
– 55% of companies do not require third-party IoT providers to comply with security and privacy measures.
– 48% of businesses cannot detect if their IoT devices have been breached.
– 90% of security professionals believe that unsecured IoT and applications put their organizations at risk of cyber attacks and data breaches.
IoT is continuously growing and transforming our lives. Here are some IoT growth statistics:
– 67% of IoT usage takes place in North America, Western Europe, and China.
– The IoT market valuation leaped from $100 billion in 2017 to $742 billion in 2020.
– 94% of retailers benefit from IoT and believe its advantages outweigh the risks.
– The IoT retail market is expected to reach $35.5 billion by 2025.
– The automotive IoT market showed a robust compound annual growth rate (CAGR) of 26.5% over eight years.
– 10% of the boost in the United States GDP will come through IoT.
– The IoT could generate between $4 trillion and $11 trillion of economic value by 2025.
– 40% of the global value IoT generates will be concentrated in developing economies.
– The US, United Kingdom, and Germany are leading in IoT adoption.
IoT devices range from smart thermostats to wearable fitness trackers. Here are some IoT device statistics:
– The surging IoT device market is estimated to reach $1.4 trillion by 2027.
– Hardware represents 30% of IoT technology’s total value.
– 63% of consumers find connected devices “creepy.”
– An average smart home could face over 12,000 hacker attacks in a week.
– The number of active IoT devices will exceed 25.4 billion by 2030.
– 85% of respondents have allocated budgets for IoT projects.
– 56% of respondents do not keep an inventory of IoT devices.
– 63% of consumers find connected devices concerning due to data collection practices.
– Only 35% of IoT projects aim to increase revenue, while 24% focus on enhancing overall safety.
IoT in healthcare creates a network of medical devices to improve patient care. Here are some IoT in healthcare statistics:
– The global IoT healthcare market is set to reach $14 billion by 2024.
– The IoT healthcare industry is predicted to grow at a CAGR of 19.9% over five years.
– 55% of healthcare industry respondents report substantial IoT implementations.
– 83% of medical imaging devices operate on unsupported operating systems, increasing security vulnerabilities.
These statistics provide factual data to support the case for IoT in various industries and highlight the importance of addressing security concerns and the potential for growth in the IoT ecosystem.