The future is networked: IoT devices conquer our everyday life!

The future is networked: IoT devices conquer our everyday life!

What happens in the digital jungle of the Internet of Things (IoT)? This year 2025, the number of IoT-connected devices will increase to impressive 20.1 billion-an increase of 13.21% compared to the previous year. This is not just a number that impresses, but a clear indicator that we are in the middle of a technological revolution. The global market for IoT is estimated at a whopping $ 714.48 billion, with the USA with $ 342.5 billion a significant contribution, as reports Demandsage.com.

But what does that mean specifically for households? According to estimates, 57% of American households should already be equipped with IoT devices at the end of 2025. This shows that IoT is not just a trend, but is firmly established in our everyday life. More and more companies are also recognizing the benefits of this technology; 54% of companies use IoT to reduce costs and 35% use it to increase sales. In the consumer world, too, there is no considerable part of the IoT turnover-27%-to this sector.

The rise of the smart cities

An exciting perspective is the vision of smart cities: 81% of people believe that IoT will play a key role in their development. This is not just wishful thinking; The market for smart cities is expected to exceed $ 312 billion by 2026. These developments also contribute to the improvement of public infrastructure and services. The use of IoT technologies in cities is crucial to meet the challenges of a growing urban population.

Together with this impressive development, there is also questionable news. Last year there were 112 million cyber attacks on IoT devices, an alarming increase of 243.39% since 2018. One reason for concern: 84% of companies that implemented IoT have already reported security violations. This shows that cybercriminals are increasingly focusing on IoT devices. According to statista.com, 33% of the IT executives see attacks on IoT devices as the biggest security problem.

variety of applications

The range of IoT applications could hardly be larger. From smart homes to portable health devices to networked cars - the technologies integrate into many areas of life. Industrial applications such as predictive maintenance and real-time monitoring benefit greatly from the integration of artificial intelligence (AI) and the introduction of 5G technology, which ensures a faster and more stable connection. This can be explained by the fact that 5G increases connectivity and the implementation of cellular IoT modules drives particularly in the automotive sector.

forecasts indicate that the number of IoT devices will grow to over 31 billion worldwide by 2030. The Smart Home Segment is estimated to be 892 million devices in 2024 alone. The integration of IoT in agriculture through precise sensors and automated systems for irrigation and fertilization shows how this technology can even revolutionize food production.

A look at the IoT technology market reveals that the market size 2023 was 900 million USD with a forecast growth rate (CAGR) of over 8% to 2032. Behind this development there are essential actors such as IBM, Microsoft, Intel, Cisco and many more that rely on progressive digitalization. The market structures itself in hardware, software, services and various applications. The software area shows an impressive growth rate of over 9%.

Overall, it can be seen that the Internet of Things is already an integral part of our reality. It remains exciting to observe how this technology will develop and what innovations await us in the coming time to become even smarter.