Figures and Statistics
The worldwide Internet of Things (IoT) market totaled around $389 billion in 2020, and is expected to rise to more than $1 trillion in 2030, more than double its revenue in ten years. Not only that, but the number of devices connected to the Internet of Things worldwide is expected to triple during this time period.
The number of devices supporting the Internet of Things service will reach 25.44 billion devices by 2030.
IoT technology reached $100 billion in market revenue for the first time in 2017, and forecasts suggest that number will rise to around 1.6 trillion by 2025.
