Capital Markets Summer 2022: Revealing Recession Patterns

IV

Internet of Things Enduring Themes

• The explosion in connected devices is creating the “Internet of Things” or IoT, transmitting valuable and actionable information ‒ Drivers of IoT spending include security, data analytics, efficiencies, reliability, customer service, improved ROI and compliance

I

II

Global Industrial IoT Market Size

Global IoT Connected Devices

1,200

30

III

19% Annual Growth

1,000

25

23% Annual Growth

800

20

IV

600

15

Billions ($)

400 Billions ($)

10

V

200

5

-

-

2020

2020

2021(E)

2022(E)

2023(E)

2024(E)

2025(E)

2026(E)

2027(E)

2028(E)

2021(E)

2022(E)

2023(E)

2024(E)

2025(E)

Source: IOT Analytics, September 2021, and Grand View Research, March 2022.

23