Internet of Things also known as IoT is a growing industry.
I mean, look around.
Everything is powered by the internet–from refrigerators to talking house sensors to Siri, these are all Internet of Things devices.
Are you curious to know how many IoT devices are there this year?
Clue: there are a lot! Find out interesting facts about this novel technology in this article.
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How Many IoT Devices Are There in 2024?
Even the locksmith living next door is curious when the neighborhood’s locks will be replaced by internet-powered door codes.
There will be 17.2 billion global IoT connections this year, the latest report published by IoT Analytics reveals.
This number represents a huge hike from its 11.3 billion figure in 2020.
The pandemic hastened digital adoption worldwide, resulting in more internet-connected devices.
Internet of Things devices are hardware pieces that transmit and receive data from the internet.
Some good examples are sensors, appliances, and machines that are internet-powered.
IoT Devices Over the Years
Take a look at this data from the same report on active IoT devices over the years.
How many IoT devices are there today?
How many of them were in circulation eight years ago?
- 2015 – there were 3.6 billion installed IoT devices globally during the year
- 2016 – there were 4.6 billion installed IoT devices globally during the year
- 2017 – there were 6.1 billion installed IoT devices globally during the year
- 2018 – there were 8.0 billion installed IoT devices globally during the year
- 2019 – there were 10.0 billion installed IoT devices globally during the year
- 2020 – there were 11.3 billion installed IoT devices globally during the year
- 2021 – there were 12.2 billion installed IoT devices globally during the year
- 2022 – there were 14.4 billion installed IoT devices globally during the year
Projected Data for IoT Devices
More than 14.4 billion IoT devices were installed last year.
In 2023, this has a high chance of reaching 17.2 billion in 2023 as more people embrace digitization.
How many IoT devices are there in 2023 to 2025? This is an interesting data from the IoT Analytics published in 2021.
- 2023 – installed IoT devices worldwide is forecasted to settle at 17.2 billion this year
- 2024 – installed IoT devices worldwide is forecasted to settle at 21.7 billion during the year
- 2025 – installed IoT devices worldwide is forecasted to settle at 27.0 billion during the year
Number of IoT Devices Per Region
How many IoT devices are there per region of the world? Find out which geographic location has the highest number of installed devices that can connect and receive command from the internet from 2020 to 2023.
2020
- Greater China – this location had 3.3 billion IoT connected devices during the year
- Europe – this location had 2.2 billion IoT connected devices during the year
- North America – this location had 2.0 billion IoT connected devices during the year
- Latin America – this location had 3.3 billion IoT connected devices during the year
- Southeast Asia – this location had 183 million IoT connected devices during the year
- Australasia – this location had 112 million IoT connected devices during the year
- Sub-Saharan Africa – this location had 42 million IoT connected devices during the year
2021
- Greater China – this location had 3.9 billion IoT connected devices during the year
- Europe – this location had 2.5 billion IoT connected devices during the year
- North America – this location had 2.3 billion IoT connected devices during the year
- Latin America – this location had 448 million IoT connected devices during the year
- Southeast Asia – this location had 221 million IoT connected devices during the year
- Australasia – this location had 132 million IoT connected devices during the year
- Sub-Saharan Africa – this location had 51 million IoT connected devices during the year
2022
- Greater China – this location had 4.4 billion IoT connected devices during the year
- Europe – this location had 3.0 billion IoT connected devices during the year
- North America – this location had 2.7 billion IoT connected devices during the year
- Latin America – this location had 536 million IoT connected devices during the year
- Southeast Asia – this location had 277 million IoT connected devices during the year
- Australasia – this location had 156 million IoT connected devices during the year
- Sub-Saharan Africa – this location had 63 million IoT connected devices during the year
2023
- Greater China – this location is expected to have 5 billion IoT connected devices this the year
- Europe – this location is expected to have 3.4 billion IoT connected devices this the year
- North America – this location is expected to have 3.2 billion IoT connected devices this the year
- Latin America – this location is expected to have 640 million IoT connected devices this the year
- Southeast Asia – this location is expected to have 348 million IoT connected devices this the year
- Australasia – this location is expected to have 184 million IoT connected devices this the year
- Sub-Saharan Africa – this location is expected to have 79 million IoT connected devices this the year
Countries With The Highest IoT Spending
Some countries invest on digitization.
Governments of Germany, France, and the United Kingdom spend the highest on IoT solutions, with the former allocating $35 billion in 2019.
- Germany – the country spent $35 billion in IoT solutions during the period
- France – the country spent $25 billion in IoT solutions during the period
- United Kingdom – the country spent $25 billion in IoT solutions during the period
- Italy – the country spent $19 billion in IoT solutions during the period
- Central and Eastern Europe – the country spent $12 billion in IoT solutions during the period
- Other parts of Europe – the country spent $55 billion in IoT solutions during the period
IoT CAGR Per Industry
5G IoT has the highest compounding annual growth rate from 2021 to 2025 at 159%.
This is followed by Low-Power Wide-Area which will grow 34% annually over the same period.
Meanwhile, Wireless Local Area Networks or WLAN will expand 24% while the Wireless Personal Area Networks or WPAN will follow at 22%.
Conclusion
Nowadays, the internet has all the power.
It is the brain of devices, capable of commanding a hardware to perform a specific task, ranging from easy to hard.
Thank you for reading this article on how many IoT devices are there.
The number is growing at a fast rate, making Internet of Things one of the most sought-after industries in the business world.
