The highest economic value for IoT (Internet of Things) is comes from use cases in factories and it is forecast to amount to 3,320 billion U.S. dollars at a higher-end scenario by 2030. IoT in human health takes second place under the same scenario with a potential of 1,760 U.S. dollars.
Potential economic value from IoT worldwide in 2030, by use case
(in billion U.S. dollars)
Top segments within use cases,
Factories: Manufacturing
Human Health: Monitoring and treating illness
Work Sites: Construction
City: Centralized and adaptive traffic control
Retail Environments: Self-checkout
Outside: Autonomous vehicles
Home: Chore automation
Vehicles: Insurance - Personal transportation
Offices: HR redesign
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McKinsey & Company. (April 5, 2022). Potential economic value from IoT worldwide in 2030, by use case (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1317442/economic-value-from-iot/
McKinsey & Company. "Potential economic value from IoT worldwide in 2030, by use case (in billion U.S. dollars)." Chart. April 5, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1317442/economic-value-from-iot/
McKinsey & Company. (2022). Potential economic value from IoT worldwide in 2030, by use case (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1317442/economic-value-from-iot/
McKinsey & Company. "Potential Economic Value from Iot Worldwide in 2030, by Use Case (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1317442/economic-value-from-iot/
McKinsey & Company, Potential economic value from IoT worldwide in 2030, by use case (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1317442/economic-value-from-iot/ (last visited December 23, 2024)
Potential economic value from IoT worldwide in 2030, by use case (in billion U.S. dollars) [Graph], McKinsey & Company, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1317442/economic-value-from-iot/
