This statistic shows spending on Internet of Things (IoT) by vertical worldwide in 2015 and 2023. In 2015, the IoT spending in discrete manufacturing amounted to 10 billion U.S. dollars.
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Spending on Internet of Things worldwide by vertical in 2015 and 2023
(in billion U.S. dollars)
Characteristic
2015
2023
Other
8
305
Retail
2
65
Utilities
7
76
Professional services
10
81
Process
4
107
Discrete manufacturing
10
171
050100150200250300350
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Various sources. (June 30, 2023). Spending on Internet of Things worldwide by vertical in 2015 and 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 16, 2025, from https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/
Various sources. "Spending on Internet of Things worldwide by vertical in 2015 and 2023 (in billion U.S. dollars)." Chart. June 30, 2023. Statista. Accessed June 16, 2025. https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/
Various sources. (2023). Spending on Internet of Things worldwide by vertical in 2015 and 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 16, 2025. https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/
Various sources. "Spending on Internet of Things Worldwide by Vertical in 2015 and 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2023, https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/
Various sources, Spending on Internet of Things worldwide by vertical in 2015 and 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/ (last visited June 16, 2025)
Spending on Internet of Things worldwide by vertical in 2015 and 2023 (in billion U.S. dollars) [Graph], Various sources, June 30, 2023. [Online]. Available: https://www.statista.com/statistics/666864/iot-spending-by-vertical-worldwide/
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