The Internet of Things (IoT) is powering transformation for enterprises, consumers, and governments.

Emerging tools and technologies via internet of things like smart speakers, machine learning, and 5G are enabling huge gains to efficiency and more control at home and in the workplace.

by For Business Insider

The continued growth of the IoT industry is going to be a transformative force across all organizations. By integrating all of our modern day devices with internet connectivity, the internet of things market is on pace to grow to over $3 trillion annually by 2026.

Business Insider Intelligence is keeping its finger on the pulse of this ongoing revolution by conducting our third annual Global IoT Executive Survey, which provides us with critical insights on the most pivotal new developments within the IoT and explains how top-level perspectives are changing year to year. Our survey includes nearly 400 responses from key executives around the world, including C-suite and director-level respondents.

The proprietary data obtained in our survey has helped us continually refine our IoT market growth projections over the years. This year’s survey data shows that companies’ plans to invest in IoT solutions are accelerating with 5G on the horizon and an uptick in IoT adoption. We forecast that there will be more than 64 billion IoT devices by 2025, up from about 10 billion in 2018, and 9 billion in 2017.

Through this exclusive study and in-depth research into the field,Business Insider Intelligence details the components that make up the IoT ecosystem. We size the IoT market and use exclusive data to identify key trends in the connected devices sector. And we profile the enterprise, governmental, and consumer IoT segments individually, drilling down into the drivers and characteristics that are shaping each market.

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