IoT Revenue Projections Pass $1 Trillion
IoT Revenue Projections Pass $1 Trillion
by Chuck Martin , Staff Writer, September 7, 2017
There’s clearly a lot of money in and around the Internet of Things, but some of the projections are getting rather stratospheric.
The latest involves the amount of money that IoT will mean to operators of mobile networks.
The IoT revenue opportunity is estimated to reach $1.8 trillion by 2026, according to the GSMA, the industry trade group that represents mobile operators worldwide.
The IoT forecast database research, published by the analyst House Machina Research, notes that 12 mobile operators have launched 15 commercial IoT services. The Americas region will account for an estimated $534 billion, about a third of the total revenue.
Much of the revenue will be driven by consumer demand for connected homes and consumer electronics. Here’s the breakdown of projected revenue:
- $441 billion – Connected homes
- $376 billion – Consumer electronics
- $273 billion – Connected car technologies
- $128 billion – Connected energy
- $78 billion – Connected cities
The number of connections also continues to rise. Mobile IoT networks are expected to have 862 million connections by 2022.
When it comes to growth numbers, the Internet of Things has some serious momentum.
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