The number of IoT devices to grow to 27 billion in 2025
According to recent estimates from Machina Research, the global Internet of Things (IoT) market will grow to 27 billion devices in 2025 (from 6 billion in 2015). While 72% of all IoT connections will be using a short range technology (such as WiFi or Zigbee), 11% will use Low Power Wide Area connections (such as Sigfox and LoRa). China, the USA, and Japan will be the largest IoT markets. The total IoT revenue opportunity will be USD 3 trillion (increasing from USD 750 billion in 2015). By 2025, IoT is expected to generate over 2 zettabytes of data, mostly generated by consumer electronics devices.