Shipments of both smart-home devices and controllers will rise by 20% or more annually in the coming years.
A May 2014 survey conducted by Edelman Berland for GE found that 44% of business executives worldwide had never heard of the IoT.
Preparation and planning for the IoT varied greatly across sectors.
The majority of business executives worldwide had at least heard of the IoT; however, familiarity was low.
Most US internet users (85.0%) do not own a single smart home device.
73% of US adults were unfamiliar with the concept of the Internet Of Things.
MarketsandMarkets gives the IoT market a valuation of $1.029 trillion in 2013, increasing to $1.423 trillion by 2020.