TECH SUPPLIER Jul 2021 - Market Forecast - Doc # US48087621
Worldwide Global DataSphere IoT Device and Data Forecast, 2021–2025
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.
"Today, the focus of IoT is building use cases within specific industries. However, understanding how many devices that will be connected and how much IoT data is created are critical," says Carrie MacGillivray, group vice president and general manager, Worldwide Telecom, Mobility, and IoT Research at IDC. "The number of connected devices and the amount of IoT data created must be considered in the context larger digital initiatives."
"Data from IoT devices and sensors are an important ingredient in delivering real-time, contextual insight to businesses, organizations, and the typical connected consumer," says Dave Reinsel, senior vice president, IDC's Global DataSphere. "While privacy and security of IoT data can be a concern with which organizations are dealing, the efficiencies and conveniences proffered from this data many times outweigh the concerns, causing us to believe IoT data will be a fundamental driver of the Global DataSphere for the foreseeable future."
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