GITNUX MARKETDATA REPORT 2024

Consumer Iot Industry Statistics

The Consumer IoT industry is expected to continue growing rapidly, with estimates suggesting that the number of connected devices will reach over 20 billion by 2023.

Statistic 1

"By 2025, the global IoT in consumer electronics market is expected to grow to $124 billion."

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Statistic 2

"In 2025, an estimated 30M US homes will have at least 1 smart home product."

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Statistic 3

"64% of consumers indicate they are more likely to buy an IoT product from brands they trust."

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Statistic 4

"By the end of 2021, it is estimated that there will be around 35.82 billion IoT devices installed worldwide."

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Statistic 5

"The APAC region is expected to have the highest CAGR of 17.2% in the IoT in consumer electronics market from 2020 to 2025."

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Statistic 6

"63% of IoT projects are aimed at health & Wellness customers."

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Statistic 7

"45% of consumers believe smart technology makes their lives more efficient."

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Statistic 8

"By 2023, the number of active IoT devices is expected to surpass 1 trillion."

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Statistic 9

"By 2025, the Middle East and Africa's consumer IoT market is expected to hit $26.5 billion."

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Statistic 10

"The global consumer Internet of Things (IoT) market size is projected to reach USD 188.24 billion by 2027."

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Statistic 11

"In 2017, revenue from consumer IoT device sales in the United States amounted to 20 billion U.S. dollars."

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Statistic 12

"80% of people who own IoT devices in the home or are open to them view these technologies as enhancing their quality of life."

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Statistic 13

"73% of consumers end up being satisfied with their smart home devices."

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Statistic 14

"In a survey, 54% of homebuyers said that they would pay more for a home with smart home features."

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Statistic 15

"IoT healthcare application revenue is projected to reach $450 billion by 2026."

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Statistic 16

"Globally, revenue from IoT is projected to reach $520 billion by 2021."

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Statistic 17

"By 2026, the consumer IoT market is expected to reach a market value of $188.2 billion."

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Statistic 18

"It is projected that by 2025 21% of homes will become smart homes."

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Statistic 19

"In 2021, consumers spent over $123 billion on IoT hardware, software, and bridging solutions."

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Statistic 20

"Over 7 billion IoT devices are in use globally in 2021, and this number is expected to triple by 2030."

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