McKinsey Global Institute forecasts that IoT’s influence on global economics will reach $4 – $11 bil. till 2025 in such sectors as industry, health care, retail and smart homes. In 2016 the USA spent on IoT about 737 billion dollars, and the figure is predicted to grow to 1,4 trillion dollars in 2021.
We already had the “IoT in Automation Projects” poll among our customers, professional installers, in 2014. It showed that about 42% of installers used IoT devices in their projects. This year we decided to update the information and find out if the situation has changed for 4 years.