This IDC study analyzes the Internet of Things (IoT) market at a worldwide level and provides forecasts for IoT installed base and revenue opportunity by technology segment as well as by region. It provides an update to the worldwide IoT market outlook published in Worldwide and Regional Internet of Things (IoT) 2014–2020 Forecast: A Virtuous Circle of Proven Value and Demand (IDC #248451, May 2014). It updates the worldwide IoT units installed and revenue. The full breadth of the IoT ecosystem revenue is put forth in the revenue forecast, encompassing revenue from the IoT system shipments themselves as well as revenue from connectivity, infrastructure, purpose-built IoT platforms, applications, security, analytics, storage, servers, and services attributable to the base of installed IoT systems. This study discusses the key themes contributing to and characterizing the worldwide and regional growth of the IoT.
"The opportunities presented by IoT are driving widespread attention among both traditional and nontraditional vendors looking to take advantage of emerging revenue opportunities," said Vernon Turner, senior vice president, Enterprise Infrastructure, Consumer, Network, Telecom and Sustainability Research. "We're still in the early stages of maturation and IoT represents unparalleled opportunity in government, consumer, and enterprise environments."