Devices are everywhere – and are now intelligent and interacting with us through all manner of daily routines. There are billions of devices in the world helping to monitor and regulate everything from room temperatures to restocking the fridge. The Intelligence of Things Tracker has shown that smart cities, security and even healthcare are all getting a boost from tech-powered devices that promise ease and convenience in keeping our lives, well, humming.
$1 trillion: Projected value of global IoT spending in 2022.
33 percent: Projected CAGR of the global IoT insurance market, as measured between 2019 and 2025.
16.2 percent: Projected CAGR of the IoT analytics market from 2017 to 2025.
8.6 billion: Number of IoT devices in use across the globe.
$400 million: Expected amount to be spent on IoT development.