Proof Point
Global connected devices expected by Ericsson to grow 10% annually between 2016 and 2023, from 15.9 billion to 31.4 billion, driven by wide and short range IoT devices growth
Global Connected Devices
2016 – 2023F (billion devices and percentage)
| Note: | Short-range IoT devices are connected by unlicensed radio technologies, typically with range up to 100 meters, such as wi-fi, Bluetooth and ZigBee. Wide-range IoT devices uses cellular connections, as well as unlicensed low-power technologies, such as Sigfox, LoRa, RPMA and presently dominating, GSM/GPRS. |
Proof Point Findings
- Connected Device – Physical object with processor, enabling communication over network interface, including connected cars, machines, meters, sensors, point-of-sales terminals, consumer electronics
- Increasing Device Connectivity – Global connected devices forecasted to increase 10% annually, from 15.9 billion in 2016 to 31.4 billion in 2023
- Short and Wide-Range Growth – Largest growth estimated to come from wide-range IoT devices, increasing 39% annually from 0.4 billion in 2016 to 4.1 billion in 2023, and short-range IoT devices, increasing 17% annually from 5.2 billion in 2016 to 15.7 billion in 2023
- Trillion Sensor Economy – Ericsson estimates significantly lower than Infosys' forecast on IoT connected devices exceeding 100 billion by 2025, which could lead to $19 trillion of newly created value globally
- Key Growth Drivers – Include increasing affordability of IoT devices, proliferation of new Internet-of-Things modules, expanding network connectivity, and growing industrial application of IoT devices
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Accelerator |
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Sector |
Information Technology
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Source |
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Date Last Updated |
February 1, 2019
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