The source describes the segments as follows: Services: Enables data integration and customization. Applications, analytics: Enables data interpretation. Identity and security: Restricts access to the system; safeguards connected devices. Backbone: Captures & stores data from connected devices. Communications: Enables information exchange between sensors. Connected things: Enables the monitoring of i.e. homes, inventory, packages, and machinery through sensors, moctocontrollers, and procsessors.
This statistic represents a breakdown of the global Internet of Things (IoT) services and applications market in 2020, categorized by application. By 2020, the market for IoT connected things is expected to grow to some ** billion euros.
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BCG. (February 1, 2017). Size of the global IoT services and applications market in 2020, by application (in billion euros) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 15, 2026, from /statistics/745730/iot-services-and-applications-market-breakdown-by-application/
BCG. "Size of the global IoT services and applications market in 2020, by application (in billion euros)." Chart. February 1, 2017. ÌÇÐÄÆƽâ°æ. Accessed July 15, 2026. /statistics/745730/iot-services-and-applications-market-breakdown-by-application/
BCG. (2017). Size of the global IoT services and applications market in 2020, by application (in billion euros). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 15, 2026. /statistics/745730/iot-services-and-applications-market-breakdown-by-application/
BCG. "Size of The Global Iot Services and Applications Market in 2020, by Application (in Billion Euros)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Feb 2017, /statistics/745730/iot-services-and-applications-market-breakdown-by-application/
BCG, Size of the global IoT services and applications market in 2020, by application (in billion euros) ÌÇÐÄÆƽâ°æ, /statistics/745730/iot-services-and-applications-market-breakdown-by-application/ (last visited July 15, 2026)
Size of the global IoT services and applications market in 2020, by application (in billion euros) [Graph], BCG, February 1, 2017. [Online]. Available: /statistics/745730/iot-services-and-applications-market-breakdown-by-application/
