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BUSINESS
$4-11 trillion – Potential economic value of Internet of Things by 2025
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Updated : May 23, 2019, 05:40 AM IST
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Currently, smart cities make up the largest segment of Internet of Things (IoT), thanks to initiatives that vendors and municipal governments are driving around the world, as per a KPMG report
75.14 billion – Connected devices by 2025
26.66 – Such devices in 2019
$4-11 trillion – Potential economic value of Internet of Things by 2025
By 4-to-1 – Internet-connected things will outnumber humans by 2020
$73.9 bn – Global IoT market specific to smart cities in 2018, as per Zion Market Research report
$330.1 bn – The same by 2025
22.5% – Its compounded annual growth rate
