8 Key IoT Statistics Highlighting Its Transformative Impact Across Industries

IOT is no more a buzz word, it is rather a gigantic wave of disruption bringing in improvement in almost all sectors of the economy. All industries are now welcoming the IOT revolution, leading to increased efficiency & effectiveness.These stats signify how it is being anchored in Industries.

1. IOT gaining traction.
	Internet of Things (IoT) Market, will grow at a CAGR of 31.72 percent from 2014-2019. Source: TECHNAVIO
2. IOT in Manufacturing
	Firms look to IoT solutions as improved customer experience by enabling things such as supply chain optimisation, visibility, loss prevention and cost efficiencies. Source: ECONOMICTIMES
3. IOT in Automobiles
	Cars will be connected to the internet by 2020, as compared to 10% in 2012. Source: GARTNER
4. IOT & Consumer devices
	a) Savings in food & beverage industry by 2020 owing to connected kitchen . Source: GARTNER
	b) U.S. consumers will own smart refrigerators . Source: GARTNER
	c) Predictive adoption of Internet-connected clothing. Source: GARTNER
5. IOT in Energy Sector
	Energy costs can be reduced by equipping street lights with sensors and connecting them to the network. Source: John Chambers, CISCO.
6. IOT in Energy Sector
	Energy costs can be reduced by equipping street lights with sensors and connecting them to the network. Source: John Chambers, CISCO.

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