IDC

Market in
a Minute :

TM

Internet of Things
The Internet of Things (IoT) is a network of

Professional Services
and Security

networks of uniquely identifiable endpoints (or "things") that

communicate without human interaction using IP connectivity
whether locally or globally.

App
What makes

Ana

IoT
market?
up the

Pla

lica

tion

lytic

tfor

s/s

ms

ocia

llig

si

nes
(D
s
appevice,
ena ser v
ivity
ble ice,
me an
nt) d

Con
nec
t

Inte

l bu

ent

sys

tem

s/d

evic
e

7,065
2020

5,649

3,782

2019

2017

1,928
2013

2,712
2015

IoT Market
Revenue ($B)

IDC estimates that as of

the end of 2013, there
were 9.1

billion IoT
units installed

Competing
priorities in
developing
regions

Global
scalability

IDC expects the installed

base of IoT units to grow
at a 17.5% CAGR over
the forecast period to

28.1 billion in 2020

Privacy and Lack of

security
standards
concerns

Nascent
ecosystem
for application
development

IoT Market Challenges

The IoT opens up many

IT vendors to the consumer market

and will create new business opportunities
where ever electronic devices have a
networking capability.

Source: Worldwide and Regional Internet of Things (IoT) 20142020 Forecast:

A Virtuous Circle of Proven Value and Demand