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Prognosis of worldwide spending on the Internet of Things (IoT) from 2018 to 2026 (in billion U.S. dollars)

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Sources

Release date

June 2023

Region

Worldwide

Survey time period

2018 to 2023

Supplementary notes

*Forecast to surpass one trillion U.S. dollars. 


Citation formats

Internet of Things (IoT) spending worldwide 2026

Published by Thuy D., Jan 7, 2026

In 2026, the global spending on the Internet of Things (IoT) technology was forecast to exceed *** trillion U.S. dollars. 

Why IoT

Security is increasingly becoming a major concern for businesses. In fact, when asked why they were adopting Internet of Things, the majority of European IoT adopters stated that the reason was to improve security. In fact, over *** billion U.S. dollars were spent on IT security in 2019 worldwide. Reducing operational costs and improving efficiency were also popular motivations for adoption IoT.

Funding & spending

More and more organizations seem to be investing in IoT and their number amounted to thousand organizations in Europe as of May 2020. The funding amounted to over **** billion U.S. dollars. Additionally, technology spending into smart city initiatives reached *** billion U.S. dollars worldwide in 2019.

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Statistics on " Internet of Things (IoT) in the U.S. "

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Overview

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Segments

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Special focus: Mobile connections

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Companies

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Special focus: Smart home

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Topics

Internet of Things (IoT) in the U.S.SmartphonesWearablesConnected cars worldwideSmart and connected TVs
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