Internet of Things worldwide with 11 trillion $ value on 2025

Networked devices and machines may 2025 global added value by 11 trillion $. The most, the Internet of Things will affect factories, cities and health. How? This shows the trade fair embedded world 2016, which will take place from 23 to 25 February in Nuremberg.

Embedded systems – these are small computers and sensors in everyday objects, which link to the Internet of things. The refrigerator logs then the yogurt to assume risk, smart regulated city commuter traffic in real time and in factories, machines and products control processes take over. And technicians can check by Germany of a dump truck in a Chilean mine for ore, before they fix the damage.

These are all applications with enormous development potential. The Internet of things by 2025 could add economic value by up to 11 trillion $ per year. That would be equivalent to about 11% of global economic output. It emerges from an analysis of the Research Institute of management consultancy McKinsey & Company.

Industry 4.0: 3.7 trillion $ added value through networked machines

In factories, the Internet of Things seems the greatest economic potential to have. Under the slogan, industry 4.0 could lead the intelligent networking of machines and products of to higher productivity, greater energy efficiency and safer jobs. That would be in a global value of $ 3.7 trillion $ beat down.

Why? Because it is possible through the Internet of things, for example, that systems and products via radio communicate with each other and take over a large part of the production control. That would make the production of small series and individual items easier and more economical and open up new markets for companies.

The Internet of things could enable new business models but also equipment manufacturers. “In engineering, for example, data-based business models are possible, billed the use of plants depending on the availability”, explains Harald Bauer, Director of the Frankfurt Office of McKinsey. Currently only a fraction of the data use, incurred in the production.

1.7 trillion $ value added by smart cities

For cities, the consultants calculate added value by 1.7 trillion $. Embedded system could optimize, for example traffic control systems, enabling a better transport without unnecessary waiting. Also cities improvements in air and water quality through continuous monitoring are possible environmental data in these so-called smart.

Not to mention an optimized energy efficiency: in future intelligent electricity networks, called also Smart grids, electricity consumers such as washing machines, cooling systems and compressors with the power to communicate, to compensate for supply and demand.

Economic potential has the Internet of things also in the health sector (1.6 trillion $), in the area of vehicles and navigation (1.5 trillion $), trade (1.2 trillion $) and in the smart home (300 billion $). The trade fair embedded world 2016, which will take place from 23 to 25 February 2016 in Nuremberg shows latest applications.