Number of connected IoT devices to hit 125 billion by 2030, says IHS Markit

Number of connected IoT devices to hit 125 billion by 2030, says IHS Markit
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The number of connected Internet of Things (IoT) devices will jump on average 12% each year from 27 billion this year to 125bn in 2030, according to new research from IHS Markit.

The eBook, titled ‘The Internet of Things: A Movement, not a Market’, explains how the IoT is creating competition by transforming day-to-day business practices and bringing in new opportunities. It is expected that over the next 15 years, worldwide data transmissions will increase yearly from 20 to 25% to an average of 50% every year.

Jenalea Howell, research director for IoT connectivity and smart cities at IHS Markit, said: “The emerging IoT movement is impacting virtually all stages of industry and nearly all market areas — from raw materials to production to distribution and even the consumption of final goods. This represents a constantly evolving movement of profound change in how humans interact with machines, information and even each other.”

Meanwhile, a survey from Gartner showed that PCs, tablets and smartphones shipments globally will increase 2% year over year to over 2.35 billion units in 2018, establishing the highest year on year growth since 2015. The survey also projected that shipments of conventional PCs will see a 4.4% decline in 2018 but shipments of mobile devices will see a 2.4% increase.

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