Strategy Analytics has developed IoT market sizing and forecasts starting with a consistent definition for that market. The analysis examines the IoT market within the context of overall IT expenditures and the global economy. Beginning with an estimate of a market at $150B in 2016, IoT is projected to grow to $550B in 2025. While a far cry from some forecasts calling for trillions of dollars of market opportunity, SA believes that $0.5T in ten years is realistic. Further research is required to determine if IoT will boost the overall rate of corporate IT investment or will just grab an increasing share at existing IT investment rates.
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