The report analyzes the potential value of IOT in the next decade, and how the market has grown but not as fast as expected and concludes:
1) The potential economic value that the IoT could unlock is large and growing 2) The IoT’s economic-value potential is concentrated in certain settings (types of physical environments where IoT is deployed), the factory setting (which includes standardized production environments in manufacturing, hospitals, and other areas) will account for the largest amount of potential economic value from the IoT, around 26 percent, in 2030 3) B2B applications are where the majority of IoT value can be created, with around 65 percent of the estimated IoT value potential by 2030 4) The 2030 IoT economic-value potential of the developed world will account for 55 percent of the global total, decreasing from 61 percent in 2020. China is becoming a global IoT force