Market Insights

2017 Roundup Of Internet Of Things Forecasts

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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.

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Keywords

marketplace, revenue, forecast