Worldwide IoT services and applications market breakdown 2020

This statistic represents a breakdown of the global Internet of Things (IoT) services and applications market in 2020, categorized by application. By 2020, the market for IoT connected things is expected to grow to some 50 billion euros.

Size of the global IoT services and applications market in 2020, by application (in billion euros)

Characteristic	Market size in billion euros
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Release date

February 2017

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Region

Worldwide

Survey time period

2017

Supplementary notes

The source describes the segments as follows:
Services: Enables data integration and customization.
Applications, analytics: Enables data interpretation.
Identity and security: Restricts access to the system; safeguards connected devices.
Backbone: Captures & stores data from connected devices.
Communications: Enables information exchange between sensors.
Connected things: Enables the monitoring of i.e. homes, inventory, packages, and machinery through sensors, moctocontrollers, and procsessors.

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