Home, Tweet Home


Potential ‘Value’ of Internet of Things



Download 12.68 Mb.
Page9/23
Date28.05.2018
Size12.68 Mb.
#50833
1   ...   5   6   7   8   9   10   11   12   ...   23

Potential ‘Value’ of Internet of Things


IoT Analytics has also compiled two IoT ‘value’ summary graphs39. Figure 11 graphically summarises IoT’s ‘total economic value’ and Figure 12 shows IoT’s ‘annual generated revenue’.
Global IoT/IoE Economic Value Forecasts

Figure 11 – Graphic summary of IoT total economic value forecasts. Source: IoT Analytics

Global IoT/IoE Revenue Forecasts

Figure 12 – Graphic summary of IoT annual generated income forecasts. Source: IoT Analytics

Cisco’s 2013 IoT White Paper predicted that IoT would be worth USD$14.4 trillion in value by 202240, including savings created by IoT: reduced operating costs ($2.5 trillion); employee productivity ($2.5 trillion); and eliminating supply-chain waste ($2.7 trillion). This value figure was revised to $19 trillion in 201441. GE calculated IoT opportunity to be worth $21 trillion, or 30% of the $70 trillion dollar world economy, as of 201142. McKinsey predicted annual IoT value at $11.1 trillion by 2025 (including consumer surplus)43, Gartner predicted a value of $1.9 trillion by 202044 and IDC predicted $8.9 trillion by 202045 (up from $7.1 trillion earlier that year!46). Research by Telsyte predicts that Australian spending on Connected Home products will be $3.2 billion by 201947.
The Comms Alliance IoT Report provides some useful value calculations, in an Australian context48.


Download 12.68 Mb.

Share with your friends:
1   ...   5   6   7   8   9   10   11   12   ...   23



The database is protected by copyright ©ininet.org 2024
send message
    Main page
current state