Connected Devices Growing 18% to 14.4 Billion Globally
The number of global IoT connections grew by 8 percent in 2021 to 12.2 billion active endpoints, representing significantly lower growth than in previous years.
Despite a booming demand for IoT solutions and positive sentiment in the IoT community as well as in most IoT end markets, IoT Analytics expects the chip shortage’s impact on the number of connected IoT devices to last well beyond 2023.
Other headwinds for IoT markets include the ongoing COVID-19 pandemic and general supply chain disruptions. In 2022, the market for the Internet of Things is expected to grow 18 percent to 14.4 billion active connections. It is expected that by 2025, as supply constraints ease and growth further accelerates, there will be approximately 27 billion connected IoT devices.
Both the 2021 actuals and the current 2025 forecast for IoT devices are lower than previously estimated. (The previous estimate for 2021 was 12.3 billion connected IoT devices; the previous forecast for 2025 was 27.1 billion connected IoT devices). Let’s take a look at what impacted IoT connections in 2021, where we stand in 2022, and where we may be headed beyond 2022.
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