The world of IOT is growing at an astounding pace. This Infographic explains some
interesting facts about IOT and how it is changing the way we work and live.
IOT market , globally will grow from $655.8
billion in 2014 to $1.7 trillion in 2020 with a
compound annual growth rate (CAGR)
US$ in billions. Source: IDC
Worldwide IOT Market
2012 2013 2014 2015* 2016* 2017* 2018* 2019* 2020*
Number of Connected Devices in the World
Back in 2008, there were already more objects connected to the Internet than people.The number of connected devices is forecast to reach 50 billion units worldwide by 2020.
Industries Adopting the Internet of Things
Most IOT devices arent just for your home, they are also in factories, warehouses and businesses.IOT is poised to grow across a wide range of industries that are connecting physical assets.
$192,000 $167,000 $114,000
Logistics Healthcare Utilities
Industry Investment in 2015 (US $ in millions)
The Internet of Things Carry Huge Potential
If IOT can increase the eiciency of Oil andGas explorations and development by even 1%,it would result in a savings of US $90 billion.
Wearables are not just limited to watches and glasses, internet connected clothing are coming too. Smart clothing shipments will be about 10.2 million units by 2020.
Machine-to-Machine (M2M) connections will grow from 5 billion in 2014 to 27 billion in 2024.
Connected home devices are estimated to bringing in about $490 billion in revenue by 2019.
250 million connected vehicles with automated driving capabilities by 2020.
The food and beverage industry can save at least 15% annually by having a connected kitchen.
Source: The Motley FoolResearch
The usage of Internet of Things in healthcare is poised to hit US $117 billion by 2020.
IOT by 2025, will have an economic impact of up to US $11 trillion.
Source: McKinsey Global Institute
INternet Of Things Use Cases
Farming and Health Check
IOT is being used to track cattle. A Dutch company uses internet connected sensors on cattle to alert
farmers when they are sick or pregnant.
Remote Oil Well Measurement andMonitoring
A Texan company is using internet connected sensors to automate the task, previously, performed
manually by a pumper.
Hospitals are using IOT to have connected rooms, remotely monitor patient health, automate
emergency alerts, and view pharmacy inventory levels in real time.
Emergency Alerts in schools
Schools in the US are using IOT systems to provide visual alert notifications for emergencies along
with sta locating and two way messaging systems.
Source: Machina Research
IPv6We can connect as many devices to the internet without ever running out of IP addresses using the latest internet protocol (IPv6).
Source: Cisco FoolResearch
RapidValue is a leading provider of end-to-end mobility, omni-channel, IOT and cloud solutions to enterprises worldwide. Armed with a large team of experts in consulting, UX design, application engineering, testing, along with experience delivering global projects, we offer a range of services across various industry verticals. RapidValue delivers its services to the worlds top brands and Fortune 1000 companies, and has offices in the United States and India. www.rapidvaluesolutions.com | [email protected] | +1-877-643-1850
Manufacturing companies are using IOT systems for continuous monitoring of critical assets, equip-ment, process and product parameters within the
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