May 17, 2022

Verizon Releases 2016 Internet of Things Market Report

The complete Verizon 2016 IoT report runs 24 pages (PDF) and is available here.

From the Report:

2016-04-08_14-46-53In our view, 2015 was the year IoT gained legitimacy. Businesses budged off a “start small think big” mindset.

Today, they’re building IoT into future strategies and business models. Companies across all industries now have IoT squarely on their radar. The worldwide Internet of Things market spend will grow from $591.7 billion in 2014 to $1.3 trillion in 2019 with a compound annual growth rate of 17%. The installed base of IoT endpoints will grow from 9.7 billion in 2014 to more than 25.6 billion in 2019, hitting 30 billion in 2020.


Source: Verizon’s “State of the Market: Internet of Things 2016”


Source: Verizon’s “State of the Market: Internet of Things 2016”

Direct to Full Text Report

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See Also: NTIA/U.S. Department of Commerce Requests Public Input on Potential Policy Issues Related to Internet of Things

About Gary Price

Gary Price ( is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at, and is currently a contributing editor at Search Engine Land.