Over the past year, global IT think tanks such as Gartner, IDC, Juniper and many others generated a wealth of research data about the current state of the Internet of Things (IoT) technologies and predictions for their future evolution and application use cases. I've fleshed out and aggregated the most interesting IoT study findings pertaining to Q4 2015 - Q1 2016 for you to have a clearer picture of the current size and direction of the IoT market globally.

IDC Data

  • 4 million Apple Watches, 5 million Fitbit gadgets, and 21 million wearables shipped to date globally
  • 50 million smart devices were sold during 2015/16 winter holiday season all over the world
  • Global IoT spending is estimated at USD $669 million

Gartner Data

  • The number of smart homes globally - 174 million
  • Expected number of smart homes in 2016 - 339 million
  • The number of connected devices to date - 1.2 billion
  • In 2016, consumer spending on connected devices will reach USD $546 billion ($1 trillion is expected by 2020)
  • 73% of companies either have deployed or plan to deploy some type of IoT solution by the end of 2016

Dimensional Research Data

  • 8% of IoT decision makers state they make the most of the data they collect from IoT devices
  • 26% of those involved in IoT admit their corporate data is being analyzed too slowly to be actionable and help build corporate BI
  • 34% of those involved in IoT admit they neither store nor analyze any IoT data
  • 96% of those involved in IoT admit having issues and challenges as far as IoT software development is concerned
  • 47% of companies keep data collected from IoT for over a year

Retail TouchPoint Data

  • 29% of retailers have beacons in stores
  • 46% of retailers are planning to have beacons in stores by the end of 2016

Retail Systems Research Data

  • 49% of retailers believe that maintaining inventory accuracy in stores is the Top priority of IoT
  • 55% of retailers believe it's customer service and support that benefit the most from IoT

First Insight Data

  • 70% of consumers globally have no idea what a beacon is
  • 75% of consumers say they wouldn't shop in a store that uses facial recognition tech for marketing purposes
Do you have an IoT project idea and need professional assistance with specification, PoC, prototyping, software development and testing?
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Vik is our Brand Journalist and Head of Online Marketing / PR with 11+ years of international experience in IT B2B. He's also a guest blog contributor to business2community, SitePoint, Journal of mHealth, Wearable Valley and other e-zines.

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