Commentary

IoT Revenue Projections Pass $1 Trillion

There’s clearly a lot of money in and around the Internet of Things, but some of the projections are getting rather stratospheric.

The latest involves the amount of money that IoT will mean to operators of mobile networks.

The IoT revenue opportunity is estimated to reach $1.8 trillion by 2026, according to the GSMA, the industry trade group that represents mobile operators worldwide.

The IoT forecast database research, published by the analyst House Machina Research, notes that 12 mobile operators have launched 15 commercial IoT services. The Americas region will account for an estimated $534 billion, about a third of the total revenue.

Much of the revenue will be driven by consumer demand for connected homes and consumer electronics. Here’s the breakdown of projected revenue:

  • $441 billion – Connected homes
  • $376 billion – Consumer electronics
  • $273 billion – Connected car technologies
  • $128 billion – Connected energy
  • $78 billion – Connected cities

The number of connections also continues to rise. Mobile IoT networks are expected to have 862 million connections by 2022.

When it comes to growth numbers, the Internet of Things has some serious momentum.

2 comments about "IoT Revenue Projections Pass $1 Trillion".
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  1. R MARK REASBECK from www.USAonly.US , September 9, 2017 at 9:08 a.m.

    So when you speak of the "internet of things" and how they are "connected" are we talking the same thing as 143,000,000 people being "connected" because their credit info on Eqifax was hacked  ????
    https://www.nytimes.com/2017/09/07/business/equifax-cyberattack.html

    Surelly when the autonomous car is shoved down the American public's throat, you will NEVER see a report where the millions of bits of information  per second it takes to make sure the lazy driver doesn't have to touch  the steering wheel, (leaving more time for facebook)  will get hacked.  That will never happen.  I'm confident there will be no way for hackers to lock up your car for ransom, or threaten to jam the accelerator, Nah, I'm CONFIDENT that a cluster of plastic  circuit boards will be the answer to the safety of my car and it's passenger.   Americans are truely stupid, to trade their privacy for convienience, or is the convienience just pure laziness..................I say A RESOUNDING YES. 

  2. Chuck Martin from Chuck Martin replied, September 9, 2017 at 8:20 p.m.

    Yes, Mark, that is the the same category of 'connected,' unfortunately. 

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About the Author

Chuck Martin is Editor of the AI & IoT Daily at MediaPost and writes the daily Connected Thinking column. He is a NY Times Business bestselling author and his latest book is “Digital Transformation 3.0” (The New Business-to-Consumer Connections of The Internet of Things.) He is CEO of Net Future Institute and a frequent keynote speaker internationally. Follow him on Twitter @chuckmartin and contact him at Chuck@MediaPost.com.