Internet of Things (IoT) - statistics & facts

State of the art

Truth be told, smart objects such as electronic wristwatches, car alarms, and coordinated traffic lights, have been in use for decades. IoT brings a greater prevalence of such smart objects with higher connectivity and the ability to collect data in real-time. The number of IoT devices worldwide is forecast to be close to 30 billion in 2030. There are many verticals of adoption for the IoT, from wearable devices to smart cars, smart homes, smart cities, and even industrial equipment.

IoT connections and applications

As technology progresses, the cost of components decreases, driving the mass deployment of IoT endpoints in industries. For instance, the commercialization of 5G has increased connectivity and has pushed the deployment of cellular IoT modules, especially in the automotive sector. As a consequence of the/ As a result of the increased automation of homes with IoT, smart home device shipments are forecast to reach 1.8 billion by 2025.
Beyond automated homes, IoT applications are also widely used in smart agriculture, with precision farming systems able to monitor fields with specialized sensors. They keep an eye on the crop and automate precise watering and fertilization for sustainable food production. The IoT penetration in many aspects of our lives brings together data to improve infrastructure, public utilities, and services, as well as giving rise to smart cities' development.

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