There is one thing certain in any emerging technology space, predictions for the size of the market will grow rapidly over a short period of time as analysts and researchers produce reports that predict bigger and bigger numbers.
Some of the highlights…
- Bain – annual revenue for vendors in 2020 could be $470 billion
- McKinsey – IoT market size will grow from $900 million in 2015 to $3.7 billion by 2020 (37% CAGR)
- General Electric – Investment in Industrial IoT could top $60 TRILLION in next 15 years.
- IHS – installed base of IoT devices could grow from 15.9 billion in 2015 to
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