2019 Update—Total Internet of Things (IoT) Device Forecast, 2017-2025

The study is a detailed forecast of the total number of IoT devices globally. The study is broken out by region: North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. The North American market is broken down between the United States and Canada. Each region is also broken down by application. The study is a combination of enterprise and consumer devices. Asia Pacific is the largest region for IoT devices globally with China accounting for the largest share. The North American and EMEA markets are relatively similar in size. Latin America represents the smallest region but growing at the fastest rate.

In 2018, Building Automation, Security and Surveillance represented the largest application area followed by Factory and Industrial Automation. In 2025, these markets will continue to dominate the market, jointly contributing more that 60 percent of all IoT devices. Connected consumer electronics represents the fastest growing segment. In 2017, there were over 15.8 billion IoT devices in service. By 2025, there will be over 67.7 billion IoT devices in service at a CAGR of 19.3 percent, representing over 8 connected IoT devices per human being.

The study is broken down by the following applications: Portable Asset Tracking, OEM Telematics/Connected Car, Commercial/Fleet Telematics, Usage-based Insurance, Vehicle Lending/ BHPH, Infotainment & Aftermarket Telematics, Smart Grid/ Oil & Gas, AMIs & Smart Meters, Smart Home/ Alarm Monitoring, Building Automation, Security & Surveillance, Factory & Industrial Automation, Fixed Asset Monitoring, Vending, PoS & Transaction Terminals, Digital Signage, Healthcare & Medical Devices, mHealth & Wellness, Connected Consumer Electronics, and Others.

IoT devices include all devices that have some form of connection to a network. It does, however, not include smartphones, tablets and notebooks/PCs.

Author: Dilip Sarangan