TECH SUPPLIER Jul 2020 - Market Forecast - Doc # US46718220
Worldwide Global DataSphere IoT Device and Data Forecast, 2020–2024
By: Carrie MacGillivrayGroup Vice President & General Manager, WW Telecom, Mobility & IoT Research, David ReinselSr. Vice President, Global Datasphere, IoT, Mobility, Security, Consumer, Semiconductors, Telecom, Client Computing and Imaging/Print/Document Solutions
This IDC study provides a forecast of the number of IoT "things" that are connected as well as the data created by these things. This forecast study also categorizes the devices and the data across several categories including video surveillance, industrial, household, medical, and industry terminals. Definitions of the categories are included in the Market Definition section.
"As consumers and organizations continue to adopt connected 'things' — specifically IoT devices — the focus moves to the data that is created. For consumers, the focus is around privacy and how it will be used for more enriching experiences. For organizations, the priority is how to use the data to change and enhance the business," says Carrie MacGillivray, group vice president and general manager, Worldwide Telecom, Mobility, and IoT Research at IDC. "Regardless of who is using the data, the value of IoT is deciphering the data and drawing insights that result in an action."
"The COVID-19 crisis may have shifted the way we leverage and create data, but it hasn't slowed the amount of data being created and replicated," says Dave Reinsel, senior vice president, IDC's Global DataSphere. "Data from IoT endpoints will play an important role in how our world senses, tracks, and maneuvers in future crises like the one we're in today."
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