TECHNOLOGY

8 Statistics That Prove IoT will become Massive

8 Statistics That Prove IoT will become Massive
8 Statistics That Prove IoT will become Massive

IoT is one of the most exciting new technologies on the market today and with good reason. IoT is a way to connect devices and systems together so that they can share data, and as a result, IoT has the potential to revolutionize many industries. Contact the leading to get your next IoT app developed. Here are eight statistics that prove just how massive IoT will become in the future:

1. There will be over 25 billion connected devices by 2020!

2. IoT will generate $2 trillion in economic benefits by 2025!

3. IoT will create more than 20 million jobs by 2025!

4. The average user will spend more than two hours each day using IoT-enabled applications!

5. 30 percent of all retail sales will be made through IoT by 2020!

6. 97 percent of businesses have implemented some form of IoT so far!

7. 90 percent of executives believe that IoT is going to have a significant impact on their industry within the next three years!

8. The average person spends more time interacting with technology each day than they do with people!

The IoT is Already Changing the Way We Live

The Internet of Things (IoT) is already changing the way we live. For example, the IoT is helping us to reduce our carbon footprint.

Another example of how the IoT is changing our lives is its impact on healthcare. The IoT is allowing doctors to remotely monitor patients’ health and make treatment decisions. This saves time and money for both the patients and the doctors.

The IoT is also changing the way we work. For example, companies are using the IoT to automate tasks that used to be done manually. This automation has saved companies millions of dollars in payroll costs.

In short, the IoT is changing the way we live, work, and play. It’s only going to become more massive in the years to come.

The IoT is Disrupting Industries Worldwide

The IoT is making waves in a variety of industries, and it is only going to increase in popularity. Here are some statistics that prove this point.

According to Statista, the IoT is already disrupting industries worldwide. In 2017, the IoT generated $2.9 trillion in economic value. This figure is expected to grow to $5.8 trillion by 2025.

One of the most popular applications of the IoT is smart home automation. This involves using sensors to monitor and control various aspects of a home, such as a temperature and lighting. The growth of the IoT has led to a surge in smart home sales, which is expected to reach 73 million units by 2020.

The IoT is also being used for industrial applications. For example, it is being used to monitor crops and determine how well they are doing. It is also being used to make sure factories are operated safely and efficiently.

These are just a few examples of how the IoT is disrupting industries worldwide. The trend looks set to continue in the years ahead, which means big opportunities for businesses who are able to take advantage of it. Hire dedicated programmers from an IT staff company.

The IoT is Going to Impact the Economy in a Huge Way

The Internet of Things (IoT) is a massive movement that is set to have a huge impact on the economy. Here are some statistics that prove this point.

1. The IoT is Already Massive: According to a report from Gartner, the IoT will be worth $ trillion by 2020. This figure represents a growth of 67% from 2016.

2. The IoT is Impacting Every Industry: The IoT is not just impacting industries like manufacturing and agriculture; it is also affecting sectors like finance, health care, and transportation.

3. The IoT Will Cause Huge Growth in the Economy: The IoT will cause huge growth in sectors like retail, transportation, and logistics. It will also help to create jobs in areas like data analytics and software development.

4. The IoT Is Revolutionizing How We Do Business: The IoT is revolutionizing how we do business by allowing us to connect devices in ways that were never before possible. It is giving us new insights into our businesses and enabling us to make smarter decisions.

Here Are Statistics That Prove It

1. By 2020, the number of connected devices will exceed 1.5 billion.

2. In 2017, the total value of IoT transactions was $473.8 billion.

3. The global market for IoT services is set to grow from $471.2 billion in 2020 to $2 trillion by 2025.

4. There are now more than 1 million active mobile app developers worldwide.

5. More than 2 billion people are using mobile apps every month.

6. The global eCommerce market is expected to reach $2 trillion by 2021.

7. Approximately 50 percent of all searches are now conducted on mobile devices.

8. More than 50 percent of all shoppers abandon a purchase within three seconds of making it on the web.

9. Nearly half of all consumers would switch brands if they could find a comparable product at a better price online.

10. Seventy-two percent of consumers believe that they can find better deals on products when they shop online compared to in-store.

Conclusion

There are many reasons to believe that IoT will become a massive industry. Here are eight of the most compelling:

1. billion people currently use mobile devices; by 2020, that number is expected to reach 2.5 billion

2. 50% of internet traffic will be generated by things beyond our direct control by 2020

3. 85% of companies have plans to connect some type of asset to the internet by 2020

4. there will be an estimated 20 billion connected devices in 2020

5. 60% of enterprises plan to achieve ‘smart city’ status before 2025

6. 80% of consumers want their IoT products and services delivered through a personalized interface

7. 71% of CIOs expect their organization’s revenue from IoT solutions to grow 25% or more over the next three years.

 

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