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The market for IoT is undergoing incredible growth.

$6 Trillion USD

The amount IoT is predicted to drive in spending between 2016 and 2021. It has been touted as the “next Industrial Revolution” because of its impact on businesses, consumers and government.

$4.3 Trillion USD

The value IoT is expected to reach by 2024 as IoT takes over a greater share of the overall IT market. In that same year, M2M devices and services are predicted to be worth $2.5 trillion.

27.5 Million Devices

The number of connected IoT devices around the world is predicted to nearly quadruple between 2016 and 2025, increasing from 7.26 million to over 27.5 million.

Given the explosive growth in IoT technology, there are a number of challenges to consider when implementing, maintaining and improving your IoT solution.

Secure, Scale and Monetize your IoT Ecosystem


With an increased number of IoT devices come increased security concerns. Don’t be part of the 39% of executives who consider security and privacy a barrier to IoT investment; read our security fact sheet to learn more.

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If your IoT system is unable to accommodate shifts in technology or future expansions, you will put a cap on your revenue potential and limit your growth. Find out how you can implement a scalable IoT system.

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85% of executives believe that IoT has the potential to develop new revenue streams in the next three years, but most are not generating revenue from IoT. Learn more about how you can profit from the Internet of Things.

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IoT Opportunities and Challenges by Industry

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