Worldwide IoT Market Size Anticipated to Grow from $16.3 billion in 2016 to $185.9 Billion by 2023

The worldwide market for Internet of Things (IoT) was $16.3 billion in 2016 and anticipated to reach $185.9 billion by 2023, according to a new report published by The Internet of Things (IoT) is the next Industrial Revolution. It will impact the way all businesses, governments, and consumers interact with the physical world, and it will have its impact on the data center, cloud and hosting business.

1 Gbps and 10 Gbps speed has been used in data centers for years. The jump to 40 Gbps and 100 Gbps has come rapidly as a result of the need to increase the quantity of data managed inside the data center with more analytics and more applications. Many of the Cloud 2.0 mega data centers have moved to 100 Gbps, presaging the move to 400 Gbps.

reportsnreports iot marketOne reason for the increase in speed is the growth of data consumption, attributed to smartphones, social media, video streaming, Internet of Things (IoT), and big data.

Sensors and software analytics platforms are implemented with connectivity capability for streaming data from endpoints and using analytics to process the data in a manner that generates alerts when appropriate.

Analytics make the images more cogent to everyone, farmers, doctors, machine operators, the use cases of IoT are quite diverse. Letting people anticipate problems that only become visible to humans days or weeks after the sensors and images detect issues is a fundamental aspect of IoT, along with generating apocopate levels of alerts. Not too many and not too few.

Market leaders in providing IoT technology include IBM, Amazon, Google, GE, Intel, Verizon, Microsoft, Hewlett Packard Enterprise, Cisco, Samsung, Huawei, AT&T, SAP, Siemens, Softbank / Arm / Sprint, Apple, PTC, Bosch. Another 66 market participants are also mentioned in the report published by A copy of the report can be requested here.

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