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Abstract

This IDC study provides a forecast of the number of IoT "things" that are connected as well as the data generated by these things. This forecast study also categorizes the devices and the data across several categories including video surveillance, industrial, household, medical, industry terminals, and other. Definitions of the categories are included in the Market Definition section at the end of the document.

"As the market continues to mature, IoT increasingly becomes the fabric enabling the exchange of information from "things", people, and processes. Data becomes the common denominator — as it is captured, processed, and used from the nearest and farthest edges of the network to create value for industries, governments, and individuals' lives," says Carrie MacGillivray, group vice president, IoT, 5G and Mobility at IDC. "Understanding the amount of data created from the myriad of connected devices allows organizations and vendors to build solutions that can scale in this accelerating data-driven IoT market."

"Mankind is on a quest to digitize the world and a growing DataSphere is the result. The world around us is becoming more 'sensorized,' bringing new levels of intelligence and order to personal and seemingly random environments, and Internet of Things devices are an integral part of this process," says Dave Reinsel, senior vice president, IDC's Global DataSphere. "However, with every new connection comes a responsibility to navigate and manage new security vulnerabilities and privacy concerns. Companies must address these data hazards as they advance new levels of efficiency and customer experience."


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