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June 2, 2021

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32 IoT Stats to Know in 2021

Blog  |  IoT  |  Mobile Brands  |  Product

The global bullishness for IoT is no secret — there are already some 21.5 billion IoT devices deployed worldwide. So, with this in mind, we thought we’d look at some of the most interesting IoT stats to know in 2021. Here’s what we’ll cover:

READ: How IoT and M2M Connectivity Can Improve Your Business 

IoT Market Stats

    1. The estimated value of the IoT market for 2020 was 742 billion U.S. dollars. (IDC)
    2. Compare this to 2017, when the IoT market was valued at 100 billion U.S. dollars. (IDC)
    3. By 2025, the IoT market will be valued at a whopping 1.6 trillion U.S. dollars. (IDC)
    4. Global IoT spending will total 15 trillion U.S. dollars in the six-year period between 2019 and 2025. (Dataprot)
    5. North America, Western Europe, and China account for 67% of IoT usage. (SafeAtLast)

 

IoT Device Stats

    1. It is estimated that, as of 2021, there are more than 10 billion active IoT devices. (Dataprot)
    2. However, according to some reports, there are about 21.5 billion interconnected devices as of 2021. (TechJury)
    3. This number is projected to surpass 75 billion devices by the end of 2025. (Dataprot)
    4. Indeed, by 2025, it is believed that there will be 152,200 IoT devices connecting to the Internet each minute. (Dataprot)
    5. IoT devices may generate up to 73.1 ZB (zettabytes) of data by 2025. (Dataprot)

IoT Productivity Stats

    1. IoT solutions have the potential to generate between 4 and 11 trillion U.S. dollars in economic value by 2025. (Dataprot)
    2. IoT helps organizations reduce costs by an average of 15% by creating an environment that reduces energy waste and stimulates employee productivity. (Albany Business Review)
    3. Around 83% of organizations have boosted their efficiency by introducing IoT technology. (Dataprot)
    4. Moreover, up to 94% of retailers agree that the benefits of implementing IoT are greater than the risks. (Dataprot)

IoT Security Stats

    1. 7.7% of IoT devices are used in security. (SafeAtLast)
    2. It is expected that spending on IoT security measures will reach 631 million U.S. dollars in 2021, with a CAGR of 21.38%. (Forbes)
    3. In 2018, IoT devices globally experienced 813 million malware incidents. (Forbes)
    4. In 2019, this number reached 2.9 billion. (Forbes)
    5. By 2020, IoT hardware made up around a third of the total number of infected devices. (Forbes)
    6. Routers are the most targeted IoT devices, since they act as gateways for smart devices to connect with the Internet. Compromising just one router gives hackers access any unsecure device that uses it. (Symantec)
    7. Only 48% of businesses can detect if any of their IoT devices have suffered a breach. (Gemalto)

Industrial IoT (IIoT) Stats

    1. 40.2% of IoT devices are used in business and manufacturing. (SafeAtLast)
    2. The IIoT market size is expected to reach 123.89 billion U.S. dollars in 2021. (i-SCOOP)
    3. IIoT may add as much as 14.2 trillion U.S. dollars to the global economy by 2030. (i-SCOOP)
    4. The greatest IIoT contributions are expected to come from factories, adding between 1.2 and 3.7 trillion U.S. dollars in value. (Dataprot)
    5. 58% of manufacturers say that IoT is a strategic necessity for digitally transforming industrial operations. (IDC)

Consumer IoT (CIoT), Commercial IoT, and Healthcare IoT (IoHT) Stats

    1. 8.3% of IoT devices are used in retail. (SafeAtLast)
    2. The CIoT market is on pace to reach 142 billion U.S. dollars by 2026, at a CAGR of 17%. (Dataprot)
    3. While North America is currently the largest market for CIoT devices, demand is growing fastest in the Asia-Pacific region. (Dataprot)
    4. 30.3% of IoT devices are used in the healthcare industry. (SafeAtLast)
    5. As of 2017, 30% of healthcare organizations were using IoT for sensitive data. (Thales)
    6. As of 2019, 86% of healthcare organizations were using IoT technology in some way. (i-SCOOP)

What are the five types of IoT? Learn about them here.

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