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This statistic shows the Internet of Things (IoT) endpoint spending by category worldwide from 2014 to 2020. In 2014, the IoT endpoint spending amounted to *** billion U.S. dollars in the consumer sector.

Internet of Things installed base -- additional information

°Õ³ó±ðÌýInternet of Things (IoT) is a vast network of smart objects which work together in collecting and analyzing data and autonomously performing actions. The IoT is a highly promising concept, as forecasts show growth at a rapid pace for the coming years both in terms of market value and connected devices. The global market value of IoT is projected to pass the *** trillion U.S. dollars mark for the first time by 2017, a significant increase, considering the market was valued at around *** billion U.S. dollars in 2014. The number of connected devices worldwide is projected to increase from around ** billion in 2015 to ** billion by 2020.

The installed base of IoT devices is expected to jump from about **** billion in 2015 to nearly ** billion by 2020, with the consumer sector accounting for the majority of these units. The IoT installed base in the consumer sector is forecast to amount to **** billion by 2020. The automobile industry is a promising sector for IoT and is forecast to account for about ** percent of the IoT installed base in 2020. As of May 2015, companies of the automobile industry spent an average of around **** million U.S. dollars on Internet of Things per year. Companies in the travel, transportation and hospitality industry have the highest annual spending on IoT – nearly *** million U.S. dollars. Industrial manufacturing, banking and financial services and telecommunication are also industries with high spending on IoT.