The Internet of All Things - Towards the Hyper-connected World

The convergence of operational and information technology drives a $4 billion Australian consumer IoT market by 2020.

Ravi Kaushal · Venture Insights1 December 2016Period: December 201612 min read

Last updated 10 June 2026

$4 billion↑

Projected Australian Consumer IoT Market (2020)

83%↑

IoT share of total internet connections (2020)

Locked

+1more stats

Companies covered:IBMHoneywellGeneral ElectricTelstraCiscoMicrosoftOracleFuji XeroxTeslaGoogleUberVodafone

Abstract

This report analyses the evolution and impact of the Internet of Things (IoT) within the Australian market, forecasting a consumer IoT sector worth $4 billion by 2020. It examines the convergence of operational and information technology across key verticals including smart cities, transportation, and healthcare. While Australia is an early adopter of personal smart devices, the report identifies critical challenges in data management, security, and energy demands that must be addressed to fully capitalise on the projected 30 to 50 billion global connected devices.

Key Takeaways

The Australian consumer IoT market is forecast to reach $4 billion by 2020, driven by smart home and wearable demand.
By 2020, IoT devices will account for 83% of all internet connections, while traditional PCs and smartphones drop to 17%.
The global economic impact of IoT is estimated between US$3.9 trillion and US$11.1 trillion per year by 2025.

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Frequently Asked Questions

The Australian consumer IoT sector is forecast to reach a value of $4 billion by 2020. This growth is underpinned by rising demand for personal and household smart devices as smart homes transition from concept to reality.

IoT is expected to represent 83% of all internet connections by 2020. This massive volume of traffic will be generated by a global ecosystem of 30 to 50 billion connected devices.

Security remains the most significant hurdle, with 30% of businesses restricting their IoT scope in 2016 due to risk concerns. To fully capitalise on the technology, firms must also address critical challenges in data management, privacy, and energy demands.

Local governments are currently the primary drivers of smart city innovation, while the transport sector has seen extreme disruption. Uber’s 700% year-on-year growth in market share between 2014 and 2015 demonstrates the speed at which hyper-connected business models can scale.

The Internet of All Things - Towards the Hyper-connected World

Abstract

Key Takeaways

Frequently Asked Questions

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