New Survey Finds 65% of IoT Applications Generate Revenue Today, Predicts Number to Rise to 80% by 2018
June 23, 2015
New Harbor Research study, commissioned by Progress, finds that while smart homes, wearables, automotive and sports markets lead in IoT development today, the future belongs to healthcare, smart city and automotive
Progress today announced the results of its latest industry survey, in conjunction with Harbor Research. Initial findings show an impressive 65 percent of Internet of Things (IoT) apps in production today are generating real revenue. The study results, undertaken by Harbor Research, also reveal developers expect this figure to rise to 80 percent by 2018. The industries that currently lead in IoT development include smart homes, wearables, automotive and sports/fitness.
The survey, which took place during January and February 2015, solicited responses from 675 application developers polled from the U.S., the U.K., Germany, France, Sweden, The Netherlands and India. Of those surveyed, 45% are developing IoT apps. Developers based in the U.S. are developing the highest number of IoT apps (58%), followed by The Netherlands (50%) and Germany (43%).