IoT continues to be widely talked about, as new features and possibilities are implemented and described in success stories. In 2022 global spending on IoT had surpassed USD 1 trillion which looks impressive without being a final word or even close to it. By Andrzej Wodnicki.
The industries which used IoT the most were healthcare, transportation, energy, manufacturing, and construction.
![Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2021, with forecasts from 2022 to 2030](https://lh3.googleusercontent.com/COW-frJjtmX2AaFr-ioebBxErvpXgYj9mPb3EPHP6XkJGv9QA7GyQHeMnBbdd-zC34fxhrfHvYzM-tyoelg330w8FLC6UbuT3FhF8DVzLhfQ1b4_WirMAarBEXeFLpKoBAdPlCW3_UCFGVs5PMfuaXI "Number of Internet of Things (IoT)
Source: https://itsg-global.com/everything-you-have-to-know-about-iot-expansion/
The top 5 countries in 2022 when it comes to investing in IoT were US, China, Japan, South Korea, and Germany. The processes that were most commonly benefiting from IoT were tracking, predictive maintenance, condition monitoring, quality control, and supply chain management. Those things make a lot of sense because sensors can be introduced to different stages of those processes which is going to cut costs. Good read!
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