{"id":12963,"date":"2018-06-05T11:47:16","date_gmt":"2018-06-05T10:47:16","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=12963"},"modified":"2018-06-05T11:49:30","modified_gmt":"2018-06-05T10:49:30","slug":"iot-market-to-exceed-us1trillion-by-2025","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/iot-market-to-exceed-us1trillion-by-2025\/","title":{"rendered":"IoT market to exceed US$1trillion by 2025"},"content":{"rendered":"
With more than 50% of connected devices set to be deployed in business settings, the IoT market is estimated to exceed US$1trillion in value by 2025.<\/p>\n
According to the report by forecasts<\/em>, the market will shift away from connectivity, instead, it will shift its focus towards services, platforms and applications.<\/p>\n More than two-thirds of this market share will fall on platforms, applications and services, while professional services, including system integration, managed services and consulting, will account for the remaining share.<\/p>\n The report found that those deployed within enterprises of vertical-specific applications will account for more than 50%, while the Asia Pacific region is estimated to become the largest region both in terms of revenue and number of connections, accounting for 35% of revenue worth US$386 billion, and 44% of connections worth US$11billion.<\/p>\n Connectivity revenue will grow throughout the decade, but this will only account for 5% of the trillion-dollar revenue opportunity projected.<\/p>\nVertical-specific applications<\/h2>\n