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Internet of Things continues to grow worldwide

16 September 2019

Microsoft recently released its IoT Signals report 2019. It presents results from a study of the worldwide use of Internet of Things (IoT) solutions. The research shows that 85% of the 3,000 respondents use IoT applications. The report also predicts that the next few years will see no end to the growth of IoT implementations. Until 2021, an annual increase of nine percent is expected.

178 billion

Consumers are responsible for the most significant growth on the IoT market, especially due to the ongoing popularity of smartphones, tablets and computers. By the end of this year, 7.9 billion IoT devices will be in use all over the world. In terms of money, that amounts to 178 billion dollars spent on IoT. By 2024, it is expected that there will be 13.8 billion IoT devices worldwide. Total value in dollars: a whopping 658 billion.

Businesses are investing heavily

The business sector is a close second when it comes to the growth of the number of active IoT devices. This development also leads companies to invest more in data centres, applications, cloud computing and network connections.

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IoT pays off

It is interesting to see in which countries the Internet or things is used the most. China and Germany lead the way, both with 88 percent. Rompa produces finished goods with IoT applications in these two countries. We have two production facilities there. We also see that IoT solutions are in high demand among large organisations all over the world. This popularity is partly due to the fact that they offer a solution for boosting an organisation's efficiency, increasing its revenue (both financially and in terms of production) and raising the quality of its services or products.

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Collaborating with Rompa Group

Rompa Group keeps a close eye on the latest developments in the world of IoT. We have the knowledge and expertise to collaborate with you and develop products that you can bring to market. We will assist you throughout the entire development process from initial design to final product. If you want to know more, you can contact Peter Dielissen, our IoT specialist, by calling +31 (0)13 204 09 85 or by sending an email to:peter.dielissen@rompa.nl.