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November 11, 2014updated 21 Oct 2016 4:15pm

Top 6 mind boggling IOT projection numbers

A selection of Internet of Things numbers in 000,000,000,000s

By Sam

1) The global Internet of Things (IoT) market is projected to grow at a CAGR of 13% to $3.040,000,000,000 in 2020, from $1.300,000,000,000 in 2013.

2) The global market for IoT solutions was $1.9 trillion in 2013 and will be $7.1 trillion in 2020.

3) IoT product and service suppliers will exceed $300 billion in revenue in 2020.

4) Smart Buildings:
"The overall market for systems in buildings will grow from $110.9Bn in 2014 to $181.1Bn in 2020, the top three areas being Physical Security, Lighting Control and Fire Detection & Safety."

5) Smart Socks:
"The global market for smart wearables is forecast to reach 275 million units, in volume terms, by 2019."

6) Smart wrists
*In 2019, over 10% of the world population will have a connected wrist-worn device; hardware shipments of nearly 350 million at this time generate revenue of $45.7bn.

*Devices for the Wrist: Ecosystems Crucial to Growth of Connected Watches and Bands
Visit www.pyramidresearch.com to purchase this report. Pyramid Research is a sister company of cbronline.com

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