The Internet of Things (IoT) represents a wide range of vertical markets spanning retail, manufacturing, smart cities, energy and utilities, transportation, public sector, education, hospitality, health and life sciences, automotive, banking, gaming, and entertainment—touching practically every aspect of our human lives.
IoT represents a wide range of diverse systems spanning edge/gateway, data-acquisition devices, automotive, modular computers, industrial PC, etc. One of the characteristics of the emerging edge and IoT market is the exponential growth in data as illustrated by a few statistics below:
80 zettabytes (ZB) of data by 40+ billion IoT devices in 2025, accounting for more than half the data.1
50% of data processed outside the data center or cloud by 2022.2
43% of AI tasks taking place on edge devices (vs. cloud) in 2023.3
Annual business-to-business (B2B) IoT revenue more than US$300B.4