It is estimated that equipment efficiency IoT products and services will have an economic value between 10 and 20 billion U.S. dollars by 2025, and this range is expected to grow to 50 to 70 billion dollars by 2030.
Estimated economic value from equipment efficiency IoT worldwide in 2025 and 2030
(in billion U.S. dollars)
Characteristic
Lower-end scenario
Upper-end scenario
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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). Estimated economic value from equipment efficiency IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1318793/economic-value-from-iot-equipment-efficiency/
McKinsey & Company. "Estimated economic value from equipment efficiency 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/1318793/economic-value-from-iot-equipment-efficiency/
McKinsey & Company. (2022). Estimated economic value from equipment efficiency IoT worldwide in 2025 and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1318793/economic-value-from-iot-equipment-efficiency/
McKinsey & Company. "Estimated Economic Value from Equipment Efficiency Iot Worldwide in 2025 and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1318793/economic-value-from-iot-equipment-efficiency/
McKinsey & Company, Estimated economic value from equipment efficiency IoT worldwide in 2025 and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1318793/economic-value-from-iot-equipment-efficiency/ (last visited August 25, 2024)
Estimated economic value from equipment efficiency IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph], McKinsey & Company, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1318793/economic-value-from-iot-equipment-efficiency/
