The revenue in the 'Healthcare IoT' segment of the internet of things market worldwide was modeled to be 83.81 billion U.S. dollars in 2024. Following a continuous upward trend, the revenue has risen by 48.02 billion U.S. dollars since 2018. Between 2024 and 2029, the revenue will rise by 50.62 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Healthcare IoT.

By 2025, forecasts suggest that there will be more than ** billion Internet of Things (IoT) connected devices in use. This would be a nearly threefold increase from the IoT installed base in 2019. What is the Internet of Things? The IoT refers to a network of devices that are connected to the internet and can “communicate” with each other. Such devices include daily tech gadgets such as the smartphones and the wearables, smart home devices such as smart meters, as well as industrial devices like smart machines. These smart connected devices are able to gather, share, and analyze information and create actions accordingly. By 2023, global spending on IoT will reach *** trillion U.S. dollars. How does Internet of Things work? IoT devices make use of sensors and processors to collect and analyze data acquired from their environments. The data collected from the sensors will be shared by being sent to a gateway or to other IoT devices. It will then be either sent to and analyzed in the cloud or analyzed locally. By 2025, the data volume created by IoT connections is projected to reach a massive total of **** zettabytes. Privacy and security concerns   Given the amount of data generated by IoT devices, it is no wonder that data privacy and security are among the major concerns with regard to IoT adoption. Once devices are connected to the Internet, they become vulnerable to possible security breaches in the form of hacking, phishing, etc. Frequent data leaks from social media raise earnest concerns about information security standards in today’s world; were the IoT to become the next new reality, serious efforts to create strict security stands need to be prioritized.

The statistic shows the overall data volume of connected devices/IoT connections worldwide in 201 and 2025. By 2025, total data volume of connected IoT devices worldwide is forecast to reach **** zettabytes (ZBs).

The total installed base of Internet of Things (IoT) connected devices worldwide is projected to amount to **** billion units by 2025, a sharp jump from the **** billion units that are expected in 2021. IoT vs non-IoT Examples of IoT connections include connected cars, smart home devices, and connected industrial equipment. In comparison, non-IoT connections include smartphones, laptops, and computers, with connections of these types of devices set to amount to just over ** billion units by 2025 – three times fewer than IoT device connections. As a result, revenue from the global IoT market is set to grow considerably in the coming years. 5G and IoT The development of faster and more reliable networks, especially with the extensive rollout of 5G, accelerates the pace with which IoT deployment occurs. Due to this development, many vehicles are becoming increasingly connected, a trend that is forecast to continue both in the commercial and consumer connected car markets.

Short-range technologies, including Wi-Fi, Bluetooth, and Zigbee, will dominate the number of Internet of Things (IoT) connections in 2030 compared with other communications technologies, with over 21 billion connections.

Massive machine-type communication tech

These short-range technologies are projected to account for the most sizable portion of communications technologies from 2021 to 2030. Massive machine-type communication (mMTC) using 5G technology - which is needed for the growing deployment of autonomous vehicles - is projected to grow strongly over the next few years. At the same time, the non-mMTC connected devices would depend on low power wide area (LPWA) network.

Future of IoT

In the following decade, IoT will track individuals, cities, crops, and everything else you can imagine. The possibilities for IoT in the future are endless. Increased network agility, integrated artificial intelligence (AI), has increased the ability to deploy, automate, manage, and secure various use cases at hyper-scale. This development will expedite IoT advancements in the coming years.

The single largest use case in terms of number of Internet of Things (IoT) connected devices is consumer internet and media devices, accounting for a third of all devices worldwide in 2034. The other two largest use cases are smart grid (e.g. smart meters) and inventory management & monitoring.

Tesla’s share of the U.S. automotive market in 2024 peaked in January when the brand's market share reached roughly 4.5 percent. If only the U.S. electric vehicle (EV) market is considered, however, Tesla is the market leader in battery-electric car sales for the United States. Tesla Model Y electrifies the market Tesla’s Model Y was the leading electric vehicle model in the United States in 2024. The Model 3, which came second in the ranking, was marketed as the way to bring electric vehicles to the mass market, with a more affordable price than Tesla’s higher-end offerings. The company delivered about 189,900 Model 3s to U.S. customers, compared to 370,300 Model Ys. Tesla's worldwide deliveries Tesla's key markets include the United States and China. Worldwide, Tesla delivered nearly 1.8 million vehicles in 2024. The global market for electric vehicles is projected to increase to around 990.4 billion U.S. dollars by 2029.

The statistic shows the installed base of the Internet of Things (IoT) by category between 2014 and 2020. An estimated ***** billion units will be in use in the consumer segment by 2020.

Internet of Things installed base -- additional information

The Internet of Things (IoT) is a vast network of smart objects which work together in collecting and analyzing data and autonomously performing actions. The IoT is a highly promising concept, as forecasts show growth at a rapid pace for the coming years both in terms of market value and connected devices. The global market value of IoT is projected to pass the *** trillion U.S. dollars mark for the first time by 2017, a significant increase, considering the market was valued at around *** billion U.S. dollars in 2014. The number of connected devices worldwide is projected to increase from around ** billion in 2015 to ** billion by 2020.

The installed base of IoT devices is expected to jump from about **** billion in 2015 to nearly ** billion by 2020, with the consumer sector accounting for the majority of these units. The IoT installed base in the consumer sector is forecast to amount to **** billion by 2020. The automobile industry is a promising sector for IoT and is forecast to account for about ** percent of the IoT installed base in 2020. As of May 2015, companies of the automobile industry spent an average of around **** million U.S. dollars on Internet of Things per year. Companies in the travel, transportation and hospitality industry have the highest annual spending on IoT – nearly *** million U.S. dollars. Industrial manufacturing, banking and financial services and telecommunication are also industries with high spending on IoT.

This statistic shows the size of the Internet of Things (IoT) security market worldwide from 2016 to 2025. In 2018, revenue from the IoT sensors market is expected to amount to nearly ** billion U.S. dollars worldwide.

Globally, 33 percent of respondents have internet of things (IoT) security concerns regarding attacks on devices in 2019. Generally, 99 percent of respondents have internet of things (IoT) data security concerns that also refer to a lack of skilled personnel and sensitive data protection as their top worries. Internet of things broadly refers to a system of internet-connected devices that collect and transfer data over a network without human-to-computer interaction. As an increasing amount of internet of things devices are deployed, security and key management grow in importance to effectively implement data encryption and identity security on devices used.

This statistic gives a breakdown of the global Internet of Things enabled sensors market in 2022, by segment. In 2022, motion sensors are expected to account for **** percent of the global IoT enabled sensors market. Total revenue generated by the enabled sensors market is estimated to reach ** billion U.S. dollars in 2022.

The Internet of Things enabled sensors market

Advances in the field of sensor technology continue to trigger the evolution of innovative consumer and industrial products. Without sensors, most things that are connected to the Internet of Things (IoT) today would lose much of their functionality. A thing can range from heart monitoring implants, DNA analysis devices for food monitoring or built-in sensors in automobiles. The IoT technology of sending the data to the cloud for analysis, where it is distilled and interpreted before delivering the high-value information back to the device, has allowed society to make more efficient and accurate decisions not only in people’s daily lives but also in a business environment. It is expected that the global IoT market will almost grow three-fold between 2014 and 2019 and exceed one trillion U.S. dollars in 2017. By 2019, the market is forecast to have an estimated size of more than *** trillion U.S. dollars. With a vast array of applications, the Internet of Things has seen a consistently growing number of connected devices worldwide. By 2022, it is predicted that ** billion devices will be connected to the IoT around the globe. This technology is slated to have numerous applications, predominantly in the fields of consumer electronics, industrial manufacturing, automotive and life sciences. By 2022, temperature sensors are expected to account for **** percent of the global IoT enabled sensors market.

The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2019 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Industrial IoT segment achieves the highest value of 161.02 billion U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the revenue in Canada and a comparison of the revenue in Japan. The Statista Market Insights cover a broad range of additional markets.

The statistic shows the number of Internet of Things (IoT) devices connected worldwide in 2017 and 2018, by selected type. In 2018, the number of IoT devices connected in connected and smart homes is expected to reach *** billion.

The revenue is forecast to experience significant growth in all segments in 2029. Especially notable is the remarkably robust growth observed in the Industrial IoT segment as we approach the end of the forecast period. This value, reaching 599.3 million U.S. dollars, stands out significantly compared to the average changes, which are estimated at 205.5143 million U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in Japan and a comparison of the revenue in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

According to the source, Internet of Things (IoT) connections will have increased from ** billion in 2019 to **** billion in 2025. These **** billion new connections are mostly expected to come from smart buildings and smart homes which is expected to bring *** billion and * billion new connections respectively.

Europe was the second largest regional market for consumer IoT market in 2022 amounting to around 20 billion U.S. dollars. Between 2023 and 2030, the European market was forecast to grow by a compound annual growth rate of 11.8 percent, reaching a projected 49.1 billion U.S. dollars in 2030.

More information on the global consumer IoT market can be found here.

The global market for industrial Internet of Things (IIoT) was sized at over 544 billion U.S. dollars in 2022. The market is expected to grow in size in the coming years, reaching some 3.3 trillion U.S. dollars by 2030.

The Internet of Things (IoT) market in Italy grew steadily between 2015 and 2022. Valued at about *********** euros in 2015, it reached *********** in 2022, tripling over the period. Smart meters and smart cars are driving the growth of the Italian IoT market.

Beyond smart meters

Other smart devices are also gaining popularity in the Italian market. For example, the smart home market grew by about ** percent between 2020 and 2021. 2018 saw the launch of Google Home and Amazon Echo. Smart speakers accounted for ** percent of the smart home market in 2020, second only to home appliances, which accounted for ** percent of the market. In the coming years, the smart home segment is expected to to grow even more.

From smart homes to smart cities

Italian cities were increasingly embracing IoT technologies. According to a survey conducted on a sample of ** municipalities, ** percent of smart city projects planned in 2018 revolved around security. More than half of municipalities planned to introduce smart lighting, while *** in **** wanted to improve their parking management through IoT technologies.

In 2022, Germany was the largest regional market for consumer IoT market in Europe amounting to around 5.7 billion U.S. dollars. Between 2023 and 2030, the German market was forecast to grow by a compound annual growth rate of 11.7 percent, reaching a projected 13.8 billion U.S. dollars in 2030. More information on the global consumer IoT market can be found here.

The revenue is forecast to experience significant growth in all segments in 2029. The trend observed from 2019 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Industrial IoT segment achieves the highest value of 12.8 billion U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the revenue in Iran and a comparison of the revenue in Japan. The Statista Market Insights cover a broad range of additional markets.