market opportunity of IoT to be between $10 trillion and $20 trillion over the next
10 years.
Sources: "The Internet of Things: Mapping the Value Beyond the Hype." McKinsey Global Institute, June 2015.
Figure 10 IoT Opportunity Landscape
Consistent with global trends, investment in the IoT sector has seen a recent
shift from primarily VC to corporate/strategic investors, growth funds and private
equity. This is being driven in large part by the need for commercial applications
in the energy, manufacturing, and transportation industries. Another global trend
impacting the IoT sector is more money being invested into fewer deals – and
often at later stages with less valuation sensitivity (see Figure 11).
50
