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IoT Interesting Facts - A Infographic by RapidValue

Date post:15-Feb-2017
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  • 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)

    of 16.9%.

    US$ in billions. Source: IDC

    Worldwide IOT Market

    $655.80

    2014

    2020

    $1700

    INTERESTING FACTS

    INTERNET OFTHINGS

    50

    60

    40

    30

    20

    10

    0

    2012 2013 2014 2015* 2016* 2017* 2018* 2019* 2020*

    8.711.2 14.4

    15.2

    22.9

    28.4

    34.3

    42.1

    50.1

    Conn

    ecte

    d de

    vice

    s in

    billi

    ons

    Number of Connected Devices in the World

    Source: Statista

    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)

    $104,000

    Process Manufacturing

    $462,000

    Discrete Manufacturing

    $50,000

    WholesaleRetail

    $196,000

    Source: IDC

    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.

    HEALTHcare

    250 million connected vehicles with automated driving capabilities by 2020.

    Source: Gartner

    The food and beverage industry can save at least 15% annually by having a connected kitchen.

    Source: Gartner

    Source: GE

    Source: Tractica

    Source: The Motley FoolResearch

    The usage of Internet of Things in healthcare is poised to hit US $117 billion by 2020.

    Source: Marketresearch.com

    HEALTHcare

    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.

    Smart Hospitals

    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

    ABOUT RAPIDVALUE

    RapidValue Solutions

    Equipment Monitoring

    Manufacturing companies are using IOT systems for continuous monitoring of critical assets, equip-ment, process and product parameters within the

    factory.

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