| | How the IoT continues to transform business, homes, and cities through next-generation digital solutions... Hi there,
The Internet of Things (IoT) has reached mainstream adoption, but that doesn't mean its growth is slowing down.
In fact, it's accelerating.
IoT devices power much of the developing data-based economy and are transforming the relationship between the physical and digital worlds. As a result, dollars are flooding into the IoT ecosystem — made up of hardware, networks, remotes, platforms, and security protocols — by the billions.
Business Insider Intelligence forecasts that there will be more than 64 billion IoT devices installed around the world by 2026, and that companies and consumers will spend nearly $15 trillion on IoT devices, solutions, and supporting systems through 2026. Annual investment is expected to surpass $1 trillion in 2021.
The 2019 edition of the annual Internet of Things Report from Business Insider Intelligence details the components that make up the IoT ecosystem. In this keystone report, we size the IoT market and use exclusive data to identify key trends in the connected devices sector. And we profile the enterprise, governmental, and consumer IoT segments individually, drilling down into the drivers and characteristics that are shaping each market.
Companies mentioned in this report include: Alibaba, Alphabet, Amazon, Apple, Around Analytics, Arm, AT&T, August Home, C3 IoT, China Mobile, Dallas Innovation Alliance, Dell, Ericsson, Filament, FogHorn, Google, Grubhub, Guardzilla, Huawei, ibex, Intel, Microsoft, Next, Nokia, Pandora, PsiKick, Qualcomm, SAM, Samsung, Sidewalk Labs, Spotify, STMicroelectronics, Verizon, Whirlpool, and Xage.
Here are some key takeaways from the report:
- We project that there will be more than 64 billion IoT devices by 2025, up from about 10 billion in 2018.
- Blockchain within the IoT is still generally the provenance of startups, and they're populating the marketplace with products that take advantage of the technology's characteristics. It's not going to upend the IoT, despite the technology's much-ballyhooed potential. And respondents to our survey of IoT providers seem, for the most part, to understand this. Just a small percentage think that blockchain will become a universal standard in the IoT. The vast majority said that blockchain will either be a tool that most companies employ at times, or a niche product that only certain solutions use.
- Lightning-fast 5G networks will change how telecommunications shapes business and will also offer new and transformative possibilities in the IoT space. The new standard will further increase the appeal of cellular solutions in the areas where it's available. And that's why nearly half of IoT providers said they're planning to introduce support for 5G networks to their solutions within the next two years.
- The report highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; deployment and maturity of IoT implementations; investment in and utilization of devices; the decision-making process; and forward-looking plans.
In full, the report:
- Provides a primer on the basics of the IoT ecosystem
- Offers forecasts for the IoT moving forward, and highlights areas of interest in the coming years
- Looks at who is and is not adopting the IoT, and why
- Highlights drivers and challenges facing companies that are implementing IoT solutions
- And much more.
We don't want you to miss out on the opportunity to receive the newest version of the only resource you need to fully understand the IoT landscape. So we're giving you two ways to access this report:
- Subscribe to a Premium membership to Business Insider Intelligence to receive The Internet of Things Report, PLUS more than 275 other research reports that cover the changing landscapes of the Internet of Things, payments, fintech, digital health, e-commerce, and more. You'll also receive all 8 of our daily newsletters first thing each morning to get you up to speed on the latest developments in your industry.
- Purchase and download the report directly from our research store (but you'll miss out on all the up-to-date Internet of Things analysis our subscribers receive).
Whatever you decide, you've given yourself a powerful tool in understanding the present and future landscape of the Internet of Things.
Sincerely,
The Business Insider Intelligence Team
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