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Internet of Things (IoT) 2022

How Internet of Things is transforming the smart lighting

The Internet of Things (IoT) refers to a network of internet-enabled objects and devices that collect and exchange data. Some examples include wearables, smart home devices, security systems, thermostats, intelligent transportation, smart grids, and many more. They are also sometimes known as connected things or smart devices, although subtle differences exist among these consumer electronics.

The apotheosis of connectivity

Over the last years, IoT has had a powerful development, boosting the so called fourth industrial revolution. In 2021, the IoT market in Europe recorded a revenue of over 4.8 billion euros and was expected to increase to 7.8 billion euros by 2026. Instead of hindering the development of the IoT market in Europe, the coronavirus (COVID-19) pandemic accelerated IoT investments, especially in the healthcare and retail sectors, while also raising awareness of other emerging technologies such as artificial intelligence (AI) or edge computing.

Companies in almost all industries are adopting and investing in IoT solutions in order to increase efficiency, productivity, and security across their business activities. However, a successful IoT deployment strategy must take into consideration market impediments as much as benefits. The more devices a company adds to its business environment, the higher the number of different solutions required to connect everything and ensure a smooth data flow between all connected devices. Therefore, it is not surprising that smart home and wearable device manufacturers and consumer IoT service and voice assistant providers perceived the cost of technology investment to be the most important barrier when entering or expanding the IoT market in Europe. With approximately 2.5 billion IoT connections in Europe in 2020, it can be said that the phenomenon is unquestionably finding its way into our lives and homes.

Phones are not the only smart thing nowadays

The IoT market in Europe promises to become omnipresent soon. Its development over the last years led to the emergence of smart cars, smart homes, as well as smart cities. Smart homes have become a common application of IoT in people’s everyday lives, with the market revenue in Europe forecast to double from 2020 to 2024. Moreover, smart homes can report information to the occupant, such as internal and external temperature, energy usage, security alerts, or even if the occupant needs to go out and buy groceries. Revenues of various segments, such as smart security and home entertainment are also expected to increase dramatically, with the smart home security market in Europe projected to equal as much as 5.3 billion U.S. dollars by 2025. The most shipped smart home product category to Europe was video entertainment, which totaled over 53 million units in 2020. However, other smart home products such as smart light systems are forecast to increase to nearly 33.5 million shipments in 2025, up from seven million units in 2020.

Table of Contents
IoT connections

1. Overview

Internet of Things (IoT) spending worldwide 2023
IoT global annual revenue 2019-2030
IoT global revenue 2019-2030, by use case
Global number of publicly known IoT platforms 2015-2019 
Number of IoT connected devices worldwide 2019-2030, by vertical

2. Segments

Industrial IoT - market size worldwide 2017-2025
Smart city revenue worldwide 2020-2025
Smart home device sales worldwide 2019-2025
Agricultural IIoT market revenue worldwide 2020-2025
Wide-area and short-range IoT device installed base worldwide 2014-2026
IoT sensors market revenues worldwide 2019-2025
Global governmental IoT endpoint revenue 2019-2021, by use case

3. Consumption

5G IoT endpoint installed base share worldwide by segment 2020 & 2023
Global connected TV streaming device shipments 2019- 2020, by vendor
Installed base of hearables worldwide 2020-2024
Global wearable bands and TWS shipments 2020-2024
Annual mobile data usage worldwide 2020-2025, by device type

4. IoT connections

IoT and non-IoT connections worldwide 2010-2025
Number of IoT connected devices 2019-2030, by region
Data volume of IoT connected devices worldwide 2019 and 2025
Forecast of global cellular IoT connections 2025, by vertical
Global LPWAN connections 2017-2023, by technology
Global cellular IoT module shipments share 2020

5. Outlook

Technology trend adoption NA/Europe 2021
Global technology influencing future innovations in IoT 2020, by key workloads
Global IoT cybersecurity concerns 2019, by category
Greatest IoT opportunities for telecom industry worldwide 2019
Emerging IoT offering models from global telecom providers 2019

6. References

Prognosis of worldwide spending on the Internet of Things (IoT) from 2018 to 2023 (in billion U.S. dollars)
Internet of Things (IoT) total annual revenue worldwide from 2019 to 2030 (in billion U.S. dollars)
Internet of Things (IoT) annual revenue worldwide from 2019 to 2030, by use case (in billion U.S. dollars)
Number of publicly known Internet of Things (IoT) platforms worldwide from 2015 to 2019
Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2030, by vertical (in millions)
Industrial Internet of Things market size worldwide from 2017 to 2025* (in billion U.S. dollars)
Projected revenue generated by companies in the global smart city from 2020 to 2025* (in billion U.S. dollars)
Consumer spending on smart home related devices worldwide from 2019 to 2025 (in billion U.S. dollars)
Agricultural industrial internet of things (IIoT) market size worldwide from 2020 to 2025 (in billion U.S. dollars)
Number of wide-area and short-range IoT devices worldwide from 2014 to 2026 (in millions)
Size of the Internet of Things (IoT) sensors market worldwide from 2019 to 2025 (in billion U.S. dollars)
Worldwide revenue of government IoT endpoint electronics and communications from 2019 to 2021, by use case (in billion U.S. dollars)
Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment
Connected TV streaming devices shipments from 4th quarter 2019 to 4th quarter 2020, by vendor (in million units)
Installed base of hearables hardware worldwide from 2020 to 2024 (in millions)
Worldwide wearable bands and true wireless stereo (TWS) shipment forecasts from 2020 to 2024 (in millions)
Annual mobile data usage worldwide from 2020 to 2025, by device type (in 1,000 Petabytes)
Internet of Things (IoT) and non-IoT active device connections worldwide from 2010 to 2025 (in billions)
Number of Internet of Things (IoT) connected devices from 2019 to 2030 (in millions), by region
Data volume of internet of things (IoT) connections worldwide in 2019 and 2025 (in zettabytes)
Forecast of cellular IoT connections share worldwide in 2025, by vertical industry
Number of LPWAN connections by technology worldwide from 2017 to 2023 (in millions)
Share of global cellular IoT module shipments by vendor from 2017 to 2020
Adoption of information technology (IT) trends, current and planned, in organizations in North America and Europe, as of 2021
What kind of IoT workloads will be key to future innovation?
Internet of things (IoT) security threats and concerns worldwide as of late 2019
Where do you see the greatest IoT opportunity other than home automation? (Choose all that apply)
Which IoT offering models from communications service providers (CSPs) do you expect to see in the market within the next 24 months? (Choose all that apply)

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