The number of Internet of Things (IoT) devices worldwide is forecast to almost double from 15.9 billion in 2023 to more than 32.1 billion IoT devices in 2030. In 2033, the highest number of IoT devices will be found in China, with around 8 billion consumer devices. IoT devices are used in all types of industry verticals and consumer markets, with the consumer segment accounting for around 60 percent of all IoT or connected devices in 2023. This share is projected to stay at this level over the next ten years. Major verticals and use cases Major industry verticals with currently more than 100 million connected IoT devices are electricity, gas, steam & A/C, water supply & waste management, retail & wholesale, transportation & storage, and government. Overall, the number of IoT devices across all industry verticals is forecast to grow to more than eight billion by 2033. Major use-cases The most important use case for IoT devices in the consumer segment are consumer internet & media devices such as smartphones, where the number of IoT devices is forecast to grow to more than 17 billion by 2033. Other use cases with more than one billion IoT devices by 2033 are connected (autonomous) vehicles, IT infrastructure, asset tracking & monitoring, and smart grid.

United States industry 4.0 market size is projected to exhibit a growth rate (CAGR) of 19.54% during 2025-2033. The advancements in technology, the widespread adoption of the Internet of Things (IoT), the rise of artificial intelligence (AI) and machine learning (ML), a growing emphasis on sustainability, the expansion of fifth-generation (5G) technology, the impact of the COVID-19 pandemic, and government support for innovation are bolstering the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, technology type, and end use industry.

Technology spending on smart city initiatives worldwide is forecast to more than double between 2018 and 2023, increasing from 81 billion U.S. dollars in 2018 to 189.5 billion in 2023. Smart cities use data collected through sensors to automate a range of services in order to bring about better performance, lower costs or reduced environmental impacts. A smart city is a vertical of Internet of Things (IoT) - a term used to define a network that not only connects people, but also the objects around them.

The ‘smartest’ of ‘smart’ cities    

As of 2019, Oslo, Norway was ranked as one of the smartest cities to live in with an index score of 7.63. This index was calculated by looking into different categories such as transport and mobility, sustainability, innovation economy, living standard and expert perception. The index included the provision of smart parking and mobility, recycling rates, blockchain ecosystem and other factors that improve the standard of living to give a top index score of 10. Next to Oslo is another Norwegian city Bergen, as well as Amsterdam, with index scores of 7.57 and 7.55 respectively.

By 2026, the global 5G Wireless Access (FWA) market, which is currently valued at about USD 510 million, is anticipated to cross USD 42,350 million. From 2020 to 2026, the global 5G wireless access (FWA) market is expected to grow at a CAGR of around 88%.

The number of mobile broadband connections in Northern Europe was forecast to continuously increase between 2024 and 2029 by in total 4.1 million connections (+8.36 percent). After the fifteenth consecutive increasing year, the number of connections is estimated to reach 53.17 million connections and therefore a new peak in 2029. Notably, the number of mobile broadband connections of was continuously increasing over the past years.Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of mobile broadband connections in countries like Eastern Europe and Central & Western Europe.

During a 2019 survey, 40 percent of supply chain leaders stated they intend to invest in blockchain technologies. In that same survey, 46 percent of respondents revealed that they plan to invest in sensors and Internet of Things (IoT).

This statistic shows a ranking of the estimated number of mobile broadband connections per 100 inhabitants in 2020 in Africa, differentiated by country. Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

The number of mobile broadband connections per 100 inhabitants in Italy was forecast to continuously increase between 2024 and 2029 by in total 9.1 connections (+9.11 percent). After the seventh consecutive increasing year, the mobile broadband penetration is estimated to reach 109.01 connections and therefore a new peak in 2029. Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of mobile broadband connections per 100 inhabitants in countries like Greece and Malta.

The global big data market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. With a share of 45 percent, the software segment would become the large big data market segment by 2027.

What is Big data?

Big data is a term that refers to the kind of data sets that are too large or too complex for traditional data processing applications. It is defined as having one or some of the following characteristics: high volume, high velocity or high variety. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets.

Big data analytics

Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate new business insights. The global big data and business analytics market was valued at 169 billion U.S. dollars in 2018 and is expected to grow to 274 billion U.S. dollars in 2022. As of November 2018, 45 percent of professionals in the market research industry reportedly used big data analytics as a research method.

The number of mobile broadband connections in Israel was forecast to continuously increase between 2024 and 2029 by in total 2.8 million connections (+21.49 percent). After the fifteenth consecutive increasing year, the number of connections is estimated to reach 15.8 million connections and therefore a new peak in 2029. Notably, the number of mobile broadband connections of was continuously increasing over the past years.Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of mobile broadband connections in countries like Kuwait and Saudi Arabia.

The number of mobile broadband connections per 100 inhabitants in Israel was forecast to continuously increase between 2024 and 2029 by in total 18.1 connections (+12.93 percent). After the fifteenth consecutive increasing year, the mobile broadband penetration is estimated to reach 158.03 connections and therefore a new peak in 2029. Notably, the number of mobile broadband connections per 100 inhabitants of was continuously increasing over the past years.Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of mobile broadband connections per 100 inhabitants in countries like Iraq and United Arab Emirates.

Global spending on information security has been growing from 2017 to 2023, increasing from just under 100 billion U.S. dollars in 2017 to almost 200 billion U.S. dollars in 2023. Most spending has concentrated in security services, infrastructure protection, and network security equipment. Spending on security services is expected to reach nearly 90 billion U.S. dollars by 2024.

Continued growth in global information security market   

The information security technology market is forecast to grow in the next few years. By 2030, the worldwide spending on information security is expected to be more than triple that of 2017. Information security refers to the practice of managing access to information, whether that is securing information from unauthorized access, or verifying the identity of those who claim to have authority to access information. The rise of new markets such as the Internet of Things (IoT) is shaping securing trends, creating a shift towards managed security services and other segments of IT security. Worldwide revenue from cloud management and security services is forecast to reach almost 52 billion U.S. dollars in 2024, compared to just five billion in 2015.

The number of mobile broadband connections in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 18.3 million connections (+20.46 percent). After the ninth consecutive increasing year, the number of connections is estimated to reach 107.69 million connections and therefore a new peak in 2029. Mobile broadband connections include cellular connections with a download speed of at least 256 kbit/s (without satellite or fixed-wireless connections). Cellular Internet-of-Things (IoT) or machine-to-machine (M2M) connections are excluded. The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of mobile broadband connections in countries like Vietnam and Laos.

During the third quarter of 2024, 57 percent of respondents in the Philippines stated that they purchased a product or service online each week. Online grocery shopping was also among their leading e-commerce activity in that period. Online shopping market Filipino online consumers gradually turned to e-commerce platforms for their retail purchases, especially at the height of the pandemic, with items ranging from mobile phones to beverages. These platforms provide more shopping variety and oftentimes competitive prices in comparison to physical retail stores. This changing shopping habit has resulted in an increasing e-commerce market size, which was estimated to grow massively in 2030. Online shopping habits Most Filipino online shoppers are Gen Zs and Millennials, which are also the country's most dominant internet user population. According to a January 2023 survey, about a quarter of Filipinos shopped online once a month, with around 11 percent even shopping daily.