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5 Industries Making a Splash in IoT
- 2. ©2016 Aria Systems Inc. All rights reserved.
According to IDC, the IoT is projected
to reach 50B connected devices by
2020, but the real money will come
from the services that the devices
make possible.
When combined with big data, the
IoT market is set to hit $14.4 trillion
in annual sales by 2020.
IoT’s impact spans multiple industries.
Here are five industries diving in
and making waves.
THE IoT OPPORTUNITY
2
$14.4
trillionin annual sales by
2020.
(IDC, 2015)
- 3. ©2016 Aria Systems Inc. All rights reserved.
The healthcare industry will experience
the fastest growth in IoT adoption
within the next five years.
Virtual office visits eliminate travel/wait
times. Automatically transmitted patient
information increases accuracy and allows
more time for care. Pharma and insurance
companies will use customer data to
improve drug development and
treatments.
HEALTHCARE1
3
$2.5
trillionIn IoT-generated
healthcare revenue by
2025.
(Intel, A Guide to IoT, 2015)
- 4. ©2016 Aria Systems Inc. All rights reserved.
More than 25% of car buyers said
Internet connectivity is more
important than engine power or
fuel efficiency*.
According to Gartner, connected
cars may exceed a quarter of a
billion worldwide, offering services
like: real-time traffic parking
information or integration between
dashboards, smartphones, and
wearable devices.
AUTOMOTIVE2
4
$40B+in revenue from
connected car services
by 2020.
(SNS Research, 2015)
* McKinsey & Company
- 5. ©2016 Aria Systems Inc. All rights reserved.
The Industrial IoT (IIoT) incorporates
machine learning and big data
technology to harness sensor data,
automation technologies, and
machine-to-machine (M2M)
communication in manufacturing.
The IIoT generates reporting for
things like water and energy usage
during peak hours and downtimes.
5
INDUSTRIAL3
in annual revenue from
the Industrial IoT by
2025.
(Intel, A Guide to IoT, 2015)
$2.3
trillion
- 6. ©2016 Aria Systems Inc. All rights reserved.
By 2020, there will be an estimated
50B connected devices, the majority of
which will be attached to some form of
subscription or usage-based service.
As both producers and consumers of
IoT products and services, high-tech
companies must find ways to
repackage existing customer offers,
optimize internal operations while
decreasing costs, or both.
6
TECHNOLOGY4
connected
devices by 2020.
(Cisco, 2015)
50B
- 7. ©2016 Aria Systems Inc. All rights reserved.
While most consumers haven’t heard
the term ‘Internet of Things,’ it hasn’t
stopped the increase in adoption.
More than 5 billion people will be
connected by 2020. The smart home
alone is estimated to bring in around
$490 billion in revenue*.
7
CONSUMER5
of consumers plan
to buy smart home
devices by 2019.
(Accenture, 2014)
69%
* World Economic Forum
- 8. ©2016 Aria Systems Inc. All rights reserved. 8
In order to successfully monetize the IoT,
remember that it’s the services derived from
the IoT data, not the devices, that will bring
long-term recurring revenue streams.
For more on maximizing the value of
your IoT efforts, visit www.ariasystems.com.
MONETIZING THE IoT
“IoT is the most
data-centric
phenomenon of
all time.”
- Brendan O’Brien, Co-founder,
Aria Systems