Dan’s Biz Bookshelf: ‘In Defense of a Liberal Education’
American Made Advocacy: A Growing Presence in Washington in Turbulent Times
It’s Only Common Sense: How to Win Back Lost Customers
IoT Market Growing Rapidly to Approximately $13 Trillion by 2025
October 22, 2019 | Business WireEstimated reading time: 1 minute
The internet of things (IoT) is anticipated to have a $7.5 trillion global economic impact in 2020, growing rapidly to approximately $13 trillion by 2025.
The economic impact of the IoT market will be in the form of increased global corporate profits, which are estimated to be in the range of a 20% incremental improvement by 2025. These impacts may be viewed as five categories, which are: utilization, employee productivity, supply chain and logistics, customer/citizen experience, and innovation revenue.
Collectively speaking, the aforementioned areas represent the perceived value of the IoT in terms of generated goods and services, the value of work opportunity in IoT domain, and value of cost reduction from manufacturing processes, other industrial areas, as well as enterprise automation. The cumulative direct and indirect IoT economic impact will be equivalent to 5% of the entire global economy by 2025. Much of this impact will be due to solving problems in a much more efficient manner, such as improved asset tracking, control, and overall management. Significant longer-term benefits will rise from completely new products and services as well as new lifecycle support models.
This report evaluates the technologies, players, and solutions involved in realizing IoT applications and services. It includes forecasts for all major areas from 2019 through 2024. The report includes analysis by network connectivity, infrastructure (platforms, hardware, software, and related services), devices, and the things that IoT is intended to support. This includes embedded IoT with analysis of IoT within the semiconductor arena such as chipsets.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Hon Hai Technology Group (Foxconn) and TECO Announce Strategic Alliance Targeting AI Data Center Capabilities
07/31/2025 | Hon Hai Technology GroupHon Hai Technology Group (“Foxconn”) and TECO Electric & Machinery Co Ltd (“TECO”) on Wednesday announced a share exchange, strategic alliance that will strengthen their AI infrastructure capabilities and propel the two Taiwanese tech majors into key markets in the global super-computing race.
KOKI to Showcase Analytical Services and New HF1200 Solder Paste at SMTA Guadalajara 2025
07/31/2025 | KOKIKOKI, a global leader in advanced soldering materials and process optimization services, will exhibit at the SMTA Guadalajara Expo & Tech Forum, taking place September 17 & 18, 2025 at Expo Guadalajara, Salón Jalisco Halls D & E in Guadalajara, Mexico.
Global Citizenship: The Global Push for Digital Inclusion
07/16/2025 | Tom Yang -- Column: Global CitizenshipIt can be too easy to take the technology at our fingertips for granted: high-speed internet, cloud-based collaboration, and instant video calls across continents. Yet, for billions of people, access to these digital tools is a distant dream. As a global community, we must ensure that technology is available to all. Here is how technology is bridging physical, economic, and educational gaps in underserved regions and profoundly reshaping lives.
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Specialty Coating Systems (SCS) Relocates to New Custom-Built Site in Switzerland
06/19/2025 | Specialty Coating Systems (SCS)Specialty Coating Systems (SCS) is pleased to announce the relocation of its Switzerland operations to a new custom-built facility. The approximately 2,200 square-meter coating operation, which is located at Rue du Collège 43, 2300 La Chaux-de-Fonds, is ISO 9001:2015 certified and specifically designed to optimize quality and provide excellent service for customers across the medical device, electronics, aerospace and automotive markets.