What Happens Every Minute on the Internet in 2020

In the Internet you find an ongoing explosion in activity each minute of the day

Internet companies 2020
Internet companies

What's going on?

In 2020, an unfathomable amount of digital activity is occurring at any given moment. This ongoing explosion in activity is the aggregate output of 4.5 billion internet users today, a number that’s projected to increase even further in coming years.

This powerful visual from Domo helps capture what happens each minute in today’s hyper-connected internet era, and it’s actually the eighth edition produced since the year 2012.

What can we learn from the evolution of what happens in an internet minute?

  • 147,000 photos are uploaded per minute in Facebook
  • 404,444 hours of video is being streamed per minute in NetFlix
  • 479,452 people are engaging in Reddit per minute, all day long
  • 41,666,667 messages are being shared in WhatsApp, each single minute
  • $3,805 is spent on mobile apps per minute, that's $228,300 per hour, that's $5,479,200 per day, that's about $166,019,760 per month
  • 1,388,889 people making video calls per minute
  • 6,659 packages are being sent by Amazon per minute

In 2019, the growing at the rate of more than 11 users per second, or 1 million new users each day, internet users now make up 57% of the global population. That also translates to about 4.4 billion people, which is a 9% growth from 2018.

  • $239,196 is sent by users per minute in the Internet
  • 69,444 jobs are being applied in Linkedin per minute
  • $1,000,000 is spent by consumers in the Internet per minute
  • The internet of things market revenue is $212 billion worldwide
  • 20.4 billion IoT devices will be online by 2020
  • By 2025, the number is expected to rise to 75 billion devices
  • North America is expected to own 29% of the world’s self-driving fleet by 2035
  • 54% of enterprises cite cost saving as the main value driver for IoT projects

Worldwide IoT spending surpassed $1 trillion this year

(Source: IDC)

If insights from a 2017 IoT forecast report from the International Data Corporation are to be believed, worldwide spending may have already exceeded $1 trillion. Next year, the spending on IoT projects is expected to grow by another $100 million, with more than 55% of it spent on software and services.

Just 3 industries likely account for half of all IoT spending

(Source: BCG)

In 2020, just three industries – discrete manufacturing, logistics and transportation, and utilities may have accounted for 50% of all IoT spending.

Interestingly, when looking at the forecast of the end-point IoT market size (Gartner), we also see just three segments dominating half of the industry. Of the 5.81 billion units of IoT end-points, roughly 3.16 billion are in use in the sphere of utilities (1.37b), government (0.7b), and physical security (1.09b).

Building automation will grow by 42% this year

(Source: IoT Now)

Building automation is among the fastest-growing segments as far as IoT applications are concerned, and it is expected to grow by an astonishing 42% this year (rising from 0.31 billion to 0.44 billion units in IoT end-points). Connected lighting devices would be the single biggest drivers of this growth.

The internet of things statistics say the revenue for 2019 is expected to be $212 billion worldwide.

(Source: Statista) 

By the end of this year,  Statista forecasts that the global IoT market will more than double, compared to only 2 years ago when it was evaluated at “just” $100 billion.

They also suggest that by 2025 that number will grow to $1.6 trillion.

Business Insider, however, shows even greater optimism, saying the IoT marketplace will grow to over $3 trillion by 2026.

There will be between 20.4 billion and 31 billion IoT devices online by 2020.

(Source: Gartner, Statista) 

That’s a wide range there! Even still, projections agree on one thing – the number of connected devices will get to be ridiculously high in no time.

By 2025, the IoT trends suggest the number will rise to 75 billion devices.

(Source: Statista)

Most startups these days are technology-related, even though the competition is fierce. Obviously, almost none of their products will be running in a vacuum – they’ll need a way to get feedback from the outside world.

Technologies such as smart speakers, 5G, and machine learning will greatly influence how efficiently we manage our homes and businesses.

Statista forecasts that 5G technology alone will power 1.3 billion mobile IoT devices by 2023, contributing to the internet of things network.

North America is expected to own 29% of the world’s self-driving fleet by 2035.

(Source: Statista)

The technology behind fully autonomous cars is undergoing rigorous trials and further developments. It’s early to expect fully driverless vehicles on the road… yet.

Gartner experts predict that by 2021 only 1% of the long-haul freight will be carried by autonomous trucks.

However…

We’ll see a jump in the share of partially-automated cars by 2025 when, as Statista predicts, the global market will reach $36 billion.

Eventually, fully-autonomous cars will catch up, and by 2035 North America will hold 29% of the self-driving fleet. China – 24%, and Western Europe – 20%.

The IoT market opportunity is expected to be worth $4 trillion by 2025.

(Source: Machina Research)

An internet of things market analysis forecast conducted by Machina Research predicts that in just five years, the IoT market will represent a revenue opportunity worth $4 trillion. In arriving at its forecast, Gartner’s think tank went beyond the focus on the development and growth of machine-to-machine (M2M) applications and also included associated services that are on the rise because of it.

McKinsey’s Global Institute arrived at even more astonishing figures, providing an upper estimate of around $11 trillion for its total economic impact. That’s much higher than the GDP of Japan and Germany combined.

The biggest driver behind IoT investment is cost-reduction.

(Source: IoT Analytics)

Data gathered from the IoT statistics of 1,600 enterprise IoT projects worldwide reveal that for the clear majority (54%) of them, cost-reduction was the primary driver. Only 35% of IoT projects related to an increase in revenue, and an even smaller number (24%) focused on improving security.

By 2021, the IoT Healthcare market will reach a net worth of $136 billion.

(Source: Allied Market Research)

The healthcare market is greatly influenced by the internet of things. A fact confirmed by the statistics.

In 2014, its market size was evaluated at $60 billion.

In 2021, it’s forecast to reach $136 billion.

That’s a 12.5% compound annual growth rate (CAGR) for that period.

We’ll see the internet of things greatly influencing all aspects of medical care – from diagnosis, measurement, and monitoring to surgery and patient care.

This means devices such as Bluetooth-enabled blood pressure cuffs and symptom-tracking apps will be commonplace.

It’s no doubt fascinating that we’ll soon be aided by a network of connected devices in our homes and hospitals.

However, the internet of things will have an even greater influence on our businesses and city life, stats say.

FAQ

What is IoT?

The internet of things is really a fancy term for a rather simple concept. In the simplest terms, it means giving various objects the means to communicate, share data, and work together to automate tasks and make your life easier.

What are the examples of the internet of things?

Virtually every device that can work together with another device is an example of the internet of things. An example of this would be if your toaster and coffee maker linked with your alarm clock, so your breakfast would always be ready when you woke up each morning!
Another example would be if your home thermostat connected to your smartwatch or phone to allow you to change its settings remotely or adjust it automatically depending on whether you were at home or not.
Of course, in the future, its applications could be far more ambitious. Think of the entire transport system of a city constantly in communication with fully autonomous vehicles driving through it.

 

SOURCES:

  1. IDC
  2. BCG
  3. IoT Now
  4. Statista
  5. Gartner
  6. Statista
  7. Statista
  8. Machina Research
  9. IoT Analytics

  10. Statista
  11. Allied Market Research
  12. IoT Analytics
  13. Frost & Sullivan
  14. Tech Pro
  15. IDC
  16. IDC

1 thought on “What Happens Every Minute on the Internet in 2020”

  1. And it’s the truth. Can you imagine that each day this amount of data, information and money is made, each minute of the day, 24 hours long, without break, no pause. Millions come online when millions go to sleep.

    And you can access the Internet almost anywhere on the planet. It’s easy, cheap, many times it’s free too!

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