Ecosystm IoT combined forecast 2017 - 2022

45
29
20
34
17
32
24
27
19
17
48
31
21
36
18
33
26
29
20
18
51
32
22
38
20
34
29
32
22
19
55
34
24
41
21
36
31
35
23
21
59
36
26
43
23
37
34
38
24
22
63
38
28
46
25
39 38
42
25 25
Manufacturing Financial Services Media &
Telecommunications
Energy & Utilities Transportation Public Sector Health & Life Sciences Retail, Distribution &
Consumer Goods
Services Resource & Primary
Industries
Source: ecosystm, June 2018
For more details, contact us at: info@ecosystm360.com
CAGR 7.0% 5.6% 7.0% 6.2% 8.0% 4.0% 9.6% 9.2% 5.6% 8.0%
The IoT solutions vertical market is characterised by three distinct traits. Manufacturing is the largest opportunity throughout the forecast, globally driven by
the fast acceptance of connected assets to drive early adoption. Health and Life Sciences may not be the largest vertical opportunity, but with the
significant investments being made by startups and the abundance of data to drive AI for healthcare outcomes, we forecast this vertical will have the
fastest growth rate. Finally, we forecast industry verticals where there are easily found end to end solutions to become strong 2nd tier verticals. After
manufacturing, these include Energy & Utilities, and Retail, Distribution & Consumer Goods. Note: There are several sub-markets in these vertical segments
that are growing double digits.
2017
2018
2019
2020
2021
2022
Ecosystm IoT Global Forecast 2017 – 2022
(by vertical market segmentation)
USD (‘billion)

48
74 62
79
263
50
80
64
87
281
51
90
69
90
300
53
99
76
93
321
55
108
82
98
343
58
115
90 104
367
Connectivity Hardware Services Software Total Addressable Market
CAGR 3.9% 9.2% 7.7% 5.7% 6.9%
The Ecosystm IoT forecast reflects the maturing importance of ‘Hardware’ solutions and the ongoing challenges to monetise the ‘Services’
opportunity for IoT solutions. The sizing of the Hardware solutions are a direct result of a better view into the growing importance and range of
the IoT ‘Edge’ compared to the Enterprise and Cloud platforms. We believe that the Edge will mature into a very sizeable opportunity for
traditional hardware vendors teaming up with emerging embedded systems development startups. The sizing of the Services opportunities
reflects the challenge to fully monetise IoT-only solutions without pulling in added services from Digital Transformation initiatives or adjacent
requirements from technologies such as AI, Blockchain, etc .
2017
2018
2019
2020
2021
2022
USD (‘billion)
(by technology segments)

8 11
66
124
55
263
8 11
70
133
59
281
9 12
74
143
62
300
10 13
78
153
66
321
10 14
83
165
71
343
11 15
89
177
75
367
Rest of the World Latin America Europe(incl. MEA) APAC (incl. Japan) North America Total Addressable Market
CAGR 7.5% 7.5% 6.1% 7.4% 6.3% 6.9%
By 2022, we expect the Asia Pacific region will have become the global center for IoT solutions. In particular, China will remain the leading
country market (a position that it has held for the duration of the forecast), even larger than the United States, and EMEA. China’s continuing
commitment to smart cities, manufacturing, transportation/autonomous vehicles, and healthcare will drive the need for massive amounts of
data. Consequently, IoT solutions will feed transformation technologies such as analytics, machine learning, augmented and virtual reality and
blockchain.
2017
2018
2019
2020
2021
2022
USD (‘billion)
(by geographic regions)

Source: ecosystm 2018
Methodology for Ecosystm IoT Global Forecast 2017 – 2022
The forecast data inputs consist of multiple variables including the projected number of IoT sensors to be connected to a
network, the spectrum of IoT connectivity protocols, the results of Ecosystm’s global IoT study with adoption rates and plans
within vertical industry segments, corporate earnings, macro economic reports, and in-depth interviews with best of breed
tech buyers who are delivering IoT solutions.
• We have minimised any double counting between existing ICT spend that can be reused for IoT projects (e.g Cloud,
Hardware, Network, Connectivity), and net new IoT spend.
• We have removed adjacent spending on ICT technology such as Analytics, Machine Learning, etc, and therefore isolate
IoT spend. Cross-IoT technology forecasts are available upon request.
The forecast will be updated on a semi-annual basis.

Source: ecosystm 2018
Analyst Profile
One of the great heavyweights of the analyst industry, Vernon serves as Ecosystm’s Executive Analyst,
covering all manner of technology industry-wide trends and emerging markets. A frequent speaker,
moderator, author and presenter for a number of leading media outlets, there are few who rival his
knowledge in ICT and his strategic vision in digital transformation – particularly in the manufacturing,
transportation, finance and banking communities.
Starting his career in client-side IT roles, Vernon entered the research world in 2000, joining IDC as
Group Vice President. Through the course of his 18 year tenure with the firm, Vernon’s remit evolved
from traditional ICT – including Networking, Servers, Storage, Virtualisation and Data Centres – to
becoming IDC’s first Research Fellow, specialising in The Internet of Things (IoT). He was presented with
IDC’s highest accolade in 2014, recognised for his passion, persistence and candid approach.
Beyond his work with Ecosystm, Vernon works with a number of venture capital firms as a technology
subject matter expert. He also sits on the IoT World Forum steering committee and previously
supported the governor for the State Of Illinois in developing a Smart State Initiative.
Vernon holds degrees in Computer Studies and Business Administration. In his free time, Vernon is a
sports fan, having competed in track and field at international levels. He’s also an active charity
runner, and recently completed his eighth consecutive marathon in a four year period.
Vernon Turner
Executive Analyst
Ecosystm

Ecosystm is a new age Technology Research and Advisory Firm that brings together tech buyers, vendors and analysts into
one integrated platform. The firm moves away from the highly inefficient business models of traditional research firms and
instead focuses on data democratisation, with an emphasis on accessibility, transparency and autonomy.
How is Ecosystm different from traditional research firms?
Ecosystm’s research originates from its custom designed “Peer-2-Peer” platform which allows Tech Buyers to benchmark their
organisation in “real-time” against their industry or market. This bold new research paradigm enables Ecosystm to provide
Tech Vendors access to ongoing and real time Market Insights in an affordable “as-a-Service” subscription model.
About Ecosystm

Amit Gupta (SG)
CEO
Digital & Business
Models
Letchmy Ganapathy (SG)
Chief Data Officer
Vernon Turner (US)
Executive Analyst
IoT, Cloud, Infrastructure
Phil Hassey (AU)
Principal Advisor
Emerging Tech,
IT Strategy, BI
Tim Sheedy (AU)
Principal Advisor
AI, UX, Cloud, Automation
Jannat Maqbool (NZ)
Principal Advisor
IoT, Agritech & FinTech
Ecosystm Analysts
Claus Mortensen (DK)
Principal Analyst
DX & Cloud, Privacy
Charles Reed Anderson (SG)
Strategic Advisor
IoT

Joan Tan (SG)
Senior Analyst
Sash Mukherjee (SG)
Principal Analyst
Health & Education
Mike Ghasemi (SG)
Principal Advisor
Retail & Hospitality
Debashis Tarafdar (SG)
Principal Advisor
Manufacturing & SCM
Lokesh Tayal (SG)
Principal Advisor
Logistics and EAM
Arun Sethuraman (US)
Principal Advisor
Health Sciences and AI
Ashok Kumar (US)
Principal Advisor
Ecosystm Analysts
Dr. Kaushik Ghatak (SG)
Principal Advisor
Supply Chain

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