8 Statistics on IoT Which Shows How It Is

Encompassing All Industries

IOT is no more a buzz word, it is rather a gigantic wave of disruption
bringing in improvement in almost all sectors of the economy. All
industries are now welcoming the IOT revolution, leading to increased
eciency & eectiveness.These stats signify how it is being anchored in
Industries.

1. IOT gaining traction.

Internet of Things (IoT) Market, will grow at a CAGR of
31.72 percent from 2014 - 2019.
Source: TECHNAVIO

2. IOT in Manufacturing
Firms look to IoT solutions as improved customer
experience by enabling things such as supply chain
optimisation, visibility, loss prevention and cost
eciencies.
Source:ECONOMICTIMES

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3. IOT in Automobiles

Cars will be connected to the internet by 2020, as

compared to 10% in 2012.
Source: GARTNER

4.IOT & Consumer devices

a) Savings in food & beverage industry by 2020
owing to connected kitchen .
Source: GARTNER

b) U.S. consumers will own smart refrigerators.

Source: TIECOON

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c ) Predictive adoption of Internet-connected

clothing.
Source: GARTNER

5.IOT in Energy Sector

Energy costs can be reduced by equipping street lights

with sensors and connecting them to the network.
Source: John Chambers, CISCO.

6.IOT in Construction

Companies will have IoT applications implemented into

their business by 2017. Companies will have IoT
applications implemented into their business by 2017
Source: Business Insider.

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