Internet Of Things Statistics And Facts | Smart IoT Investments

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The internet is much more than just a collection of blogs and websites you can visit through a computer, smartphone, or a tablet. It’s also a digital structure that connects those sites, allowing people from all around the globe to access them.

The Internet of Things (IoT) takes that concept to another level. With IoT in play, we’re not talking about a collection of websites anymore but billions of devices connected to the internet for the purpose of tracking usage, monitoring functionality, collecting data, and automating processes and systems.

An IoT-connected Smart fridge may tell you that you’re running out of milk, cheese, and butter, while the smart label could help you track of what items are in your wardrobe. IoT-based devices can be used in healthcare for remote patient monitoring, and a smart doorbell may send you a text message when somebody approaches the door.

With the proliferation and prominence of the IoT over the last couple of years, a reasonable question arises - can smart technology lead to smart investing? All the forecasts and market estimates suggest that this is the case.

Dreams of A Connected World:

Connected Devices Per Person and Number Of IoT Devices:

How Big Is the IoT Industry?

By 2020, it’s estimated that there will be over 50B IoT devices in the world. If we take into account that the world’s population will most likely reach 7.6B by that time, then we get a staggering 6.58 IoT connected devices per person! Unsurprisingly, China, North America and Western Europe are the regions with the most IoT devices, covering 67% of the overall IoT installed base.

As the numbers suggest, this is clearly an expanding area with a plethora of opportunities for investors. Consumers have already embraced IoT devices like smart speakers, lights, locks, and even state-of-the-art AI systems like Alexa, a conversational AI system. This is a sophisticated device that’s made of hubs capable of controlling IoT connected devices. If needed, Alexa can be used to control your lights, smart speakers, home security, or access to your home.

The IoT technology will play an integral role in shaping the smart cities of the future - an urbanized utopia where everything is connected via IoT sensors in order to environmental, financial, social aspects of urban life.

While we don’t know what the future holds for the IoT industry, one thing is evident - the consumers are buying these devices. By the end of the year, it’s expected that two-thirds of consumers will purchase IoT devices for their needs. Having this in mind, it should come as no surprise that the consumer segment is the largest user of connected things with 5.2 billion units.

Global IoT Market : The Major IoT Market

What are the investment opportunities?

The IoT has a strong presence in countless areas. Connected IoT devices vary from apparently simple tasks like a smart fridge that can alert you when it’s out of milk to a high-tech medical device that can detect early signs of breast cancer.

In theory, the possibilities of these devices are limitless. IoT sensors can be used to regulate traffic by adjusting the traffic lights or they can report maintenance concerns in airplanes before the plane lands.

A Brief History Of IoT: Major Milestones and The Year Of IoT

IoT In The Business World and Most Important Technical Trends: How it become popular!

The IoT is a subcategory of the broader technology market segment. However, within the IoT industry, there are various market segments where you can invest.

Healthcare

The IoT is making a significant impact on the healthcare industry in a number of ways. Namely, IoT devices can substantially reduce costs from clinical and operational inefficiencies up to $100 billion per year. Current and future applications of IoT in healthcare include ingestible sensors, insulin delivery, depression-fighting apps, coagulation testing, activity trackers during cancer treatment, and more.

Infrastructure

In theory, smart vehicles will be able to ‘communicate’ with cities it’s riding through. This connectivity allows for traffic management, prevents accidents, and could present a solution for many transportational problems. These devices can significantly reduce pollution, traffic jams, and overall usage of electricity and water.

Agriculture

All the same concepts that apply to the cities can be applied to farms as well. According to the Markets and Markets report, precision farming is projected to reach over $9.5 billion by 2023. Precision farming improves topography or soil variability to maximize efficiency and yield performance. Besides, the introduction of the IoT system into agriculture enables proper tracking of natural factors, like weather forecast, or climate change.