8. Source: PwC
Business Investment on IoT
from $215 Billion to $832 Billion
Consumer Spending on IoT
from $72 Billion to $236 Billion
Government Spending on IoT
add extra $500 Billion
Business Investment will account for more
than 50% of the overall IoT spend in 2020.
9. Source: PwC
“IoT has potential to generate $4
Trillion to $11 Trillion in economic
value by 2025.”
Factories ($1.2-$3.7 Trillion)
followed by smart cities, healthcare, retail,
non-urban outdoor environments, custom
production environments, automotive,
home, and office
10. Source: Accenture
“IIoT add $14.2 Trillion to the global
economy by 2030.”
Top drivers of IIoT growth include improved
operational efficiency, improved
productivity, creation of new business
opportunities, reduction in downtime, and
optimization of asset utilization.
11. Source: Statista
“Global smart homes market will be
$58.7 Billion in 2020.”
Growth drivers include increasing
implementation of smart speakers, home
appliances, lighting control systems, home
healthcare products, smart furniture, smart
kitchen, and HVAC control solutions.
