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Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2021, with forecasts from 2022 to 20
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of Things (IoT) connected devices worldwide from 2019 to 2021, with forecasts from 2022 to 2030 (in billions)

Description
The number of Internet of
Transforma Insights forecast to almost triple fro
Transforma Insights billion IoT devices in 2030
2019 to 2022 devices will be found in Ch
devices.
Worldwide
n.a.
n.a. IoT devices are used in al
n.a. markets, with the consume
n.a. percent of all IoT connecte
projected to stay at this lev
IoT connections are defined as connections to remote sensing and actual devices. This

Major verticals and use ca

Transforma Insights Major industry verticals wi
July 2022 connected IoT devices are
transformainsights.com supply & waste managem
1183457 storage, and government.
all industry verticals is fore
2030.

The most important use ca

segment are consumer int
smartphones, where the n
to more than 17 billion by
one billion IoT devices by
vehicles, IT infrastructure,
grid.
Description
The number of Internet of Things (IoT) devices worldwide is
forecast to almost triple from 9.7 billion in 2020 to more than 29
billion IoT devices in 2030. In 2030, the highest number of IoT
devices will be found in China with around 5 billion consumer
devices.

IoT devices are used in all types of industry verticals and consumer
markets, with the consumer segment accounting for around 60
percent of all IoT connected devices in 2020. This share is
projected to stay at this level over the next ten years.

Major verticals and use cases

Major industry verticals with currently more than 100 million
connected IoT devices are electricity, gas, steam & A/C, water
supply & waste management, retail & wholesale, transportation &
storage, and government. Overall the number of IoT devices across
all industry verticals is forecast to grow to more than eight billion by
2030.

The most important use case for IoT devices in the consumer
segment are consumer internet & media devices such as
smartphones, where the number of IoT devices is forecast to grow
to more than 17 billion by 2030. Other use cases with more than
one billion IoT devices by 2030 are connected (autonomous)
vehicles, IT infrastructure, asset tracking & monitoring, and smart
grid.
Number of IoT connected devices worldwide 2019-2021, with forecasts to 2030
Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2021, with forecasts from 2022 to 2030 (in
billions)
2019
2020
2021
2022*
2023*
2024*
2025*
2026*
2027*
2028*
2029*
2030*
 8.60
9.76
11.28
13.14
15.14
17.08
19.08
21.09
23.14
25.21
27.31
29.42