This years’ series of Internet of Things (IoT) and Industrial Internet of Things (IIoT) forecasts reflect a growing focus on driving results using sensor-based data and creating analytically rich data sets. The Internet of Things (IoT) has a potential economic impact of $2.7 to $6.2T until 2025. Source: 2016 Internet Of Things (IOT), Big Data & Business Intelligence Update. Accenture estimates the Industrial Internet of Things (IIoT) could add $14.2T to the global economy by 2030. The global industrial internet of things market is projected to reach $123.8B by 2021; the market is forecast to grow at a CAGR of 21% through 2016 to 2021.

Source: Forbes November 27, 2016 18:00 UTC