Page 21 - IoT - Pilot
P. 21
The IoT market - analyst predictions
● By 2017, OT service providers will capture over 45% of IoT spending, and be
necessary partners for IT services providers' vertical strategies [1]
• By 2020, there will be 25 billion connected IoT devices with a compound
annual growth rate of 35% [2]
• By 2020, revenues from the sale of connected devices and services, and
revenues from related services, such as pay-as-you-drive car insurance, will
be worth US$2.5 trillion [3]
● By 2025, the IoT could have a total economic impact of between $14 trillion
and $33 trillion a year [4]
● The IoT is a $19 trillion market that will create new opportunities for revenue
generation and savings, including $4.6 trillion in the global public sector [5]
