Market Insights

Market Insights

2017 Roundup Of Internet Of Things Forecasts

Writing for Forbes, Louis Columbus reviews the marketplace for IoT in his December 2017 article, "2017 Roundup of Internet of Things Forecasts".

He shares the following statistics in his article:

  • Global IoT market will grow from $157B in 2016 to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%.
  • Discrete Manufacturing, Transportation and Logistics, and Utilities will lead all industries in IoT spending by 2020, averaging $40B each.
  • Bain predicts B2B IoT segments will generate more than $300B annually by 2020, including about $85B in the industrial sector.
  • Internet Of Things Market To Reach $267B By 2020 according to Boston Consulting Group.

Click the image to read the full article.