GITNUXREPORT 2025

Digital Transformation In The Iot Industry Statistics

IoT industry poised for growth despite high project failure rates.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

80% of industrial IoT data is unstructured, making analysis a challenge

Statistic 2

41% of IoT deployments are in the industrial sector

Statistic 3

The adoption of IoT in the energy sector increases operational efficiency by up to 25%

Statistic 4

45% of IoT data is used for asset management and monitoring

Statistic 5

In agriculture, IoT can increase crop yields by up to 25%

Statistic 6

87% of IoT projects fail to meet their goals

Statistic 7

60% of companies have already adopted IoT solutions

Statistic 8

70% of organizations are deploying IoT solutions for predictive maintenance

Statistic 9

The retail industry is investing heavily in IoT; 82% of retail executives see IoT as critical for competitive advantage

Statistic 10

The adoption rate of IoT in logistics and supply chain management was 52% in 2022

Statistic 11

66% of companies using IoT have seen a reduction in operational costs

Statistic 12

Smart cities utilizing IoT are expected to grow at a CAGR of 20.7% from 2021 to 2028

Statistic 13

54% of enterprises say IoT is a key driver for digital transformation initiatives

Statistic 14

65% of companies implemented IoT solutions to improve customer experience

Statistic 15

The IoT healthcare market is projected to grow at a CAGR of 23.4% from 2022 to 2030

Statistic 16

90% of organizations plan to increase IoT spending in the next three years

Statistic 17

59% of manufacturers plan to implement IoT solutions to enhance predictive maintenance

Statistic 18

78% of IoT solutions are deployed on cloud platforms, indicating cloud's dominance in IoT infrastructure

Statistic 19

82% of IoT data is transmitted via cellular networks, reflecting the importance of mobile connectivity

Statistic 20

55% of enterprises see IoT as a way to improve supply chain transparency

Statistic 21

68% of IoT data is collected from wearable devices, highlighting consumer-focused IoT growth

Statistic 22

The adoption of edge computing in IoT is expected to rise at a CAGR of 32% through 2028

Statistic 23

In 2023, 70% of IoT devices are connected via Wi-Fi, with increasing adoption of 5G

Statistic 24

By 2030, IoT is expected to enable a 15% reduction in global greenhouse gas emissions

Statistic 25

The global IoT market is projected to reach $1.7 trillion by 2025

Statistic 26

By 2023, there will be more than 20 billion connected IoT devices worldwide

Statistic 27

The manufacturing industry accounts for the largest share of IoT spending, with $945 billion in 2021

Statistic 28

IoT in agriculture is expected to reach a market size of $28 billion by 2026

Statistic 29

The healthcare IoT market is predicted to reach $332 billion by 2027

Statistic 30

By 2025, IoT devices will generate 79.4 zettabytes of data annually

Statistic 31

The average IoT project takes 24 months to deploy

Statistic 32

The energy sector uses IoT for smart grids, with expected savings of up to $20 billion annually

Statistic 33

The security market for IoT is projected to reach $16.2 billion by 2025

Statistic 34

Connected cars are expected to reach 76.5 million units globally by 2025

Statistic 35

The global smart home market size is expected to reach $174.2 billion by 2025

Statistic 36

Over 60% of IoT data is collected from industrial equipment

Statistic 37

The logistics industry expects to save $1 trillion globally by 2025 through IoT-enabled innovations

Statistic 38

The industrial IoT market is expected to reach $1.6 trillion by 2027

Statistic 39

AI-powered IoT solutions are projected to reach a market size of $36.2 billion by 2025

Statistic 40

The average lifespan of IoT devices is approximately 3.2 years before replacement or upgrade

Statistic 41

The global smart transportation market is expected to reach $76 billion by 2027

Statistic 42

IoT analytics market is projected to reach $36.4 billion by 2027

Statistic 43

In 2022, global spending on IoT cybersecurity reached $2.7 billion, expected to grow significantly

Statistic 44

The use of IoT in water management is expected to save up to $15 billion annually by 2024

Statistic 45

IoT in education is projected to reach a market size of $10 billion by 2026

Statistic 46

The total number of IoT devices worldwide is expected to reach 35 billion by 2025

Statistic 47

40% of IoT devices have outdated or unsecure firmware, increasing vulnerability risks

Statistic 48

50% of IoT device manufacturers plan to adopt blockchain technology to enhance security by 2024

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Key Highlights

The global IoT market is projected to reach $1.7 trillion by 2025
87% of IoT projects fail to meet their goals
By 2023, there will be more than 20 billion connected IoT devices worldwide
60% of companies have already adopted IoT solutions
The manufacturing industry accounts for the largest share of IoT spending, with $945 billion in 2021
IoT in agriculture is expected to reach a market size of $28 billion by 2026
The healthcare IoT market is predicted to reach $332 billion by 2027
70% of organizations are deploying IoT solutions for predictive maintenance
By 2025, IoT devices will generate 79.4 zettabytes of data annually
The retail industry is investing heavily in IoT; 82% of retail executives see IoT as critical for competitive advantage
The adoption rate of IoT in logistics and supply chain management was 52% in 2022
The average IoT project takes 24 months to deploy
41% of IoT deployments are in the industrial sector

As the IoT industry gears up to hit a staggering $1.7 trillion by 2025, digital transformation is driving innovation across sectors—despite an astonishing 87% of projects falling short of their goals—highlighting a landscape of immense potential and unprecedented challenges.

Data Management

80% of industrial IoT data is unstructured, making analysis a challenge

Data Management Interpretation

With a staggering 80% of industrial IoT data remaining unstructured, companies face the dual challenge—and opportunity—of unlocking insights from the chaos to drive smarter operations.

Industrial and Sector-Specific IoT Applications

41% of IoT deployments are in the industrial sector
The adoption of IoT in the energy sector increases operational efficiency by up to 25%
45% of IoT data is used for asset management and monitoring
In agriculture, IoT can increase crop yields by up to 25%

Industrial and Sector-Specific IoT Applications Interpretation

With nearly half of IoT deployments fueling industrial and agricultural innovation, a 25% boost in efficiency and yields underscores that embracing digital transformation isn't just futuristic—it's fundamentally reshaping how industries operate today.

Market Growth and Adoption

87% of IoT projects fail to meet their goals
60% of companies have already adopted IoT solutions
70% of organizations are deploying IoT solutions for predictive maintenance
The retail industry is investing heavily in IoT; 82% of retail executives see IoT as critical for competitive advantage
The adoption rate of IoT in logistics and supply chain management was 52% in 2022
66% of companies using IoT have seen a reduction in operational costs
Smart cities utilizing IoT are expected to grow at a CAGR of 20.7% from 2021 to 2028
54% of enterprises say IoT is a key driver for digital transformation initiatives
65% of companies implemented IoT solutions to improve customer experience
The IoT healthcare market is projected to grow at a CAGR of 23.4% from 2022 to 2030
90% of organizations plan to increase IoT spending in the next three years
59% of manufacturers plan to implement IoT solutions to enhance predictive maintenance
78% of IoT solutions are deployed on cloud platforms, indicating cloud's dominance in IoT infrastructure
82% of IoT data is transmitted via cellular networks, reflecting the importance of mobile connectivity
55% of enterprises see IoT as a way to improve supply chain transparency
68% of IoT data is collected from wearable devices, highlighting consumer-focused IoT growth
The adoption of edge computing in IoT is expected to rise at a CAGR of 32% through 2028
In 2023, 70% of IoT devices are connected via Wi-Fi, with increasing adoption of 5G
By 2030, IoT is expected to enable a 15% reduction in global greenhouse gas emissions

Market Growth and Adoption Interpretation

Despite a staggering 87% failure rate in IoT projects, the industry's relentless push—with 90% planning to increase spending and over half integrating IoT into supply chains, healthcare, and smart cities—underscores a digital race where innovation and connectivity are critical, even as the majority grapple with ni**the inevitable challenges of transforming data into decisive action.

Market Size, Revenue Projections, and Trends

The global IoT market is projected to reach $1.7 trillion by 2025
By 2023, there will be more than 20 billion connected IoT devices worldwide
The manufacturing industry accounts for the largest share of IoT spending, with $945 billion in 2021
IoT in agriculture is expected to reach a market size of $28 billion by 2026
The healthcare IoT market is predicted to reach $332 billion by 2027
By 2025, IoT devices will generate 79.4 zettabytes of data annually
The average IoT project takes 24 months to deploy
The energy sector uses IoT for smart grids, with expected savings of up to $20 billion annually
The security market for IoT is projected to reach $16.2 billion by 2025
Connected cars are expected to reach 76.5 million units globally by 2025
The global smart home market size is expected to reach $174.2 billion by 2025
Over 60% of IoT data is collected from industrial equipment
The logistics industry expects to save $1 trillion globally by 2025 through IoT-enabled innovations
The industrial IoT market is expected to reach $1.6 trillion by 2027
AI-powered IoT solutions are projected to reach a market size of $36.2 billion by 2025
The average lifespan of IoT devices is approximately 3.2 years before replacement or upgrade
The global smart transportation market is expected to reach $76 billion by 2027
IoT analytics market is projected to reach $36.4 billion by 2027
In 2022, global spending on IoT cybersecurity reached $2.7 billion, expected to grow significantly
The use of IoT in water management is expected to save up to $15 billion annually by 2024
IoT in education is projected to reach a market size of $10 billion by 2026
The total number of IoT devices worldwide is expected to reach 35 billion by 2025

Market Size, Revenue Projections, and Trends Interpretation

With an eye on a staggering $1.7 trillion by 2025 and over 20 billion devices already weaving through our lives, the IoT industry is proving that smarter connectivity isn’t just a trend—it's the new backbone of everything from agriculture to autonomous cars, where data floods at nearly 80 zettabytes annually, and industries scramble to deploy solutions averaging two years, all while fighting the digital age's inevitable security and lifespan challenges.

Security

40% of IoT devices have outdated or unsecure firmware, increasing vulnerability risks
50% of IoT device manufacturers plan to adopt blockchain technology to enhance security by 2024

Security Interpretation

With nearly half of IoT devices running outdated firmware and half of their manufacturers eyeing blockchain for security upgrades by 2024, the industry faces a pressing need to shift from digital cobwebs to robust, future-proof solutions.