Faurecia Digital automotive factory is now in operations Jan 2017)
State of the Internet Market 2016 Report
The Internet of Things (IoT) in smart cities market is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period.
IoT in smart cities refers to the modern human settlements with smarter utilization and deployment of available resources. IoT in smart cities can be correlated with economic stability and wise usage of natural resources to provide smart investments in human and social capital, along with transportation and modern communication infrastructures and a high quality of life to the citizens. The increasing adoption of IoT is driving this market; the IoT platforms segment is expected to grow higher than the IoT solutions segment during the forecast period. Presently, North America is the largest market for IoT in smart cities platform.
Cisco Predicts Global IoT Market will be $14.4 trillion by 2022
Improved Customer Experience: $3.7 trillion
Reduced Time to Market: 3.0 trillion (Will it lead to reduced cost?)
Supply chain Logistics: 2.7 trillion (Supply chain cost reduction)
Reduced costs: 2.5 trillion (reduction in costs)
Increased employee productivity: 2.5 trillion (virtual reality etc.)
Healthcare Internet of Things Market to Reach $163B by 2020
by Staff Writer 10/27/2015
The global healthcare Internet of Things (IoT) market is expected to grow from $32 billion in 2015 to $163. billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38.1%, according to a new market report by MarketandMarkets.
02 Jun 2015
Explosive Internet of Things Spending to Reach $1.7 Trillion in 2020, According to IDC
The worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%.
Updated 10 April 2017
Started on 14 April 2016