The world of IOT is growing at an astounding pace. This Infographic explains some interesting facts about IOT and how it is changing the way we work and live.

1. “The world of IOT is growing at an astounding pace. This Infographic explains some
interesting facts about IOT and how it is changing the way we work and live.”
IOT market , globally will grow from $655.8
billion in 2014 to $1.7 trillion in 2020 with a
compound annual growth rate (CAGR)
of 16.9%.
US$ in billions. Source: IDC
Worldwide IOT Market
$655.80
2014
2020 $1700
INTERESTING FACTS
INTERNET OF
THINGS
50
60
40
30
20
10
0
2012 2013 2014 2015* 2016* 2017* 2018* 2019* 2020*
8.7
11.2
14.4
15.2
22.9
28.4
34.3
42.1
50.1
Connecteddevicesinbillions
Number of Connected Devices in the World
Source: Statista
Back in 2008, there were already more objects connected to the Internet than people.
The number of connected devices is forecast to reach 50 billion units worldwide by 2020.
Industries Adopting the Internet of Things
Most IOT devices aren’t just for your home, they are also in factories, warehouses and businesses.
IOT is poised to grow across a wide range of industries that are connecting physical assets.
$192,000 $167,000 $114,000
Logistics Healthcare Utilities
Industry Investment in 2015 (US $ in millions)
$104,000
Process
Manufacturing
$462,000
Discrete
Manufacturing
$50,000
WholesaleRetail
$196,000
Source: IDC
The Internet of Things Carry Huge Potential
If IOT can increase the efficiency of Oil and
Gas explorations and development by even 1%,
it would result in a savings of US $90 billion.
Wearables are not just limited to watches and
glasses, internet connected clothing are coming too.
Smart clothing shipments will be about 10.2 million
units by 2020.
Machine-to-Machine (M2M) connections will
grow from 5 billion in 2014 to 27 billion in 2024.
Connected home devices are estimated to bringing in
about $490 billion in revenue by 2019.
HEALTH
care
250 million connected vehicles with automated
driving capabilities by 2020.
Source: Gartner
The food and beverage industry can save at least 15%
annually by having a connected kitchen.
Source: Gartner
Source: GE
Source: Tractica
Source: The Motley FoolResearch
The usage of Internet of Things in healthcare is
poised to hit US $117 billion by 2020.
Source: Marketresearch.com
HEALTH
care
IOT by 2025, will have an economic impact of up
to US $11 trillion.
Source: McKinsey Global Institute
INternet Of Things Use Cases
Farming and Health Check
IOT is being used to track cattle. A Dutch company
uses internet connected sensors on cattle to alert
farmers when they are sick or pregnant.
Remote Oil Well Measurement and
Monitoring
A Texan company is using internet connected
sensors to automate the task, previously, performed
manually by a ‘pumper’.
Smart Hospitals
Hospitals are using IOT to have connected rooms,
remotely monitor patient health, automate
emergency alerts, and view pharmacy inventory
levels in real time.
Emergency Alerts in schools
Schools in the US are using IOT systems to provide
visual alert notifications for emergencies along
with staff locating and two way messaging
systems.
Source: Machina Research
IPv6We can connect as many devices to the internet
without ever running out of IP addresses using the
latest internet protocol (IPv6).
Source: Cisco FoolResearch
ABOUT RAPIDVALUE
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Equipment Monitoring
Manufacturing companies are using IOT systems
for continuous monitoring of critical assets, equip-
ment, process and product parameters within the
factory.