Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Although the Impact of COVID-19 Continues to Reverberate in the Internet of Things (IoT) Market, with the Expected Recovery in Coming Years there will be Over 65 Billion Devices Active Globally by 2026
* Required Fields
Pay by invoice
This study is an updated IoT Device forecast with 2020 as the base year. The forecast accounts for the impact of the COVID-19 pandemic on the adoption and implementation of IoT devices in 2021 and beyond. 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, the Middle East and Africa, and Latin America. The North American market is further broken down into 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, with China accounting for the largest share. North America accounts for the next largest share followed by the EMEA market. Latin America represents the smallest region but is growing rapidly. In 2020, the global market growth rate for IoT devices fell sharply to 8.6% from a growth rate of 23.4% in 2019. This is due to the impact of COVID-19 as economies across the world have seen a decrease in investments in IoT and technology. The Asia-Pacific market grew at 13.5% in 2020, while the North American market slowed down to 2.0%. The EMEA market declined by 0.3% in 2020.In 2020, there were more than 26.46 billion IoT devices in service. By 2026, there will be approximately 65.96 billion IoT devices in service at a CAGR of 16.4%, representing roughly 8 connected IoT devices per human being. By our estimate, COVID-19 will have pushed the market back by almost two years, as recovery will vary by industry and application.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 and aftermarket telematics; smart grid/oil and gas; AMIs and smart meters; smart home/alarm monitoring; building automation, security and surveillance; factory and industrial automation; fixed asset monitoring; vending, PoS and transaction terminals; digital signage; healthcare and medical devices; mHealth and wellness; connected consumer electronics; and others.IoT devices include all devices that have some form of connection to a network but do not include smartphones, tablets, and notebooks or PCs.Author: Dilip Sarangan
Global Data Monetization Platform Growth Opportunities
Ethical AI is Pivotal to the Maximization of the Future Growth Potential of the Global AI Market
Hyperscaler Demand Drives the North American Data Center Colocation Services Market
Acquisitions, Vertical Focus, and New Technologies Drive Highly Competitive North American Mobile Field Service Management (FSM) Market
Growth Opportunities in the Global Webinars and Virtual Events Market
IoT Start-Up Tracker: Smart Home
IoT Start-up Tracker: Digital Manufacturing
Singapore Data Center Colocation Services Growth Opportunities
Global Video Analytics Growth Opportunities
nanophotonic equipment market
consumer electronics market
virtual reality market
agricultural drones market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.