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The route to a trillion devices: the outlook for IoT investment to 2035
One trillion new IoT devices will be produced by 2035
Companies deploy IoT solutions to glean new insights from their customers, supply chains and operations. They use that information to increase revenues, improve efficiency and hone investment decisions.
The build-out of the IoT systems is driven by the information profit margin—the difference between the value of the information collected and the cost of collecting it. By year 2035, we expect the spend on IoT hardware and services to reach $1 Trillion; which translates to a trillion new IoT devices.
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