It is estimated that structural monitoring IoT products and services will have an economic value between 20 to 50 billion U.S. dollars by 2025, and this range is forecast to grow between 50 to 130 billion U.S. dollars by 2030.
Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030
(in billion U.S. dollars)
Characteristic
Lower-end scenario
Upper-end scenario
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McKinsey & Company. (April 5, 2022). Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/
McKinsey & Company. "Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030 (in billion U.S. dollars)." Chart. April 5, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/
McKinsey & Company. (2022). Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/
McKinsey & Company. "Estimated Economic Value from Structural Monitoring Iot Worldwide in 2025 and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/
McKinsey & Company, Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/ (last visited August 25, 2024)
Estimated economic value from structural monitoring IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph], McKinsey & Company, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1318791/economic-value-from-iot-structural-monitoring/