Real-Time Industrial Classifications

UK Internet of Things Industry

Understand the UK’s emerging Internet of Things (IoT) sector with real-time classification data that includes financial information, vertical breakdowns, growth trends, free reports and much more with The Data City.

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What is the Internet of Things?

The Internet of Things (or IoT) is a system of computer devices, objects, software, technologies and sensors capable of connecting and sharing data with each other over the internet without human to human or human to computer interaction.

The Internet of Things ranges from consumer IoT often found in the home such as smart devices and wearables to more commercial and industrial devices and ecosystems used across healthcare, transport and manufacturing.

Combining these devices with automated systems allows for a wide range of benefits and applications, with the ability to collect data, analyse information and perform an action. This makes certain tasks or complicated processes easier to undertake and more efficient to implement.

Internet of Things sector summary

Key information you should know about the Internet of Things sector from our AI-driven platform of over 5 million companies:

Internet of Things has turnover of £35.11bn, meaning it is our 29th largest RTIC, and our 1st fastest growing sector.
On average the roles advertised in this sector are 0.48% higher than the UK’s average salary.

733

COMPANIES CONSIDERED

£35.1bn

TOTAL TURNOVER

309,302

TOTAL EMPLOYEES

£3.6bn

TOTAL INVESTMENT FUNDING

£49.3m

TOTAL INNOVATE UK GRANT FUNDING

52.2%

AVERAGE COMPANY GROWTH PER YEAR

Internet of Things verticals

Our Internet of Things RTIC is made up of 5 individual industry verticals, including verticals such as Connectivity PLatforms, Energy Management, Industrial IoT. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.

Sector Code Description Records
RTIC0020 Internet of Things 723 companies
Companies creating objects with the capability of communicating with each other and sharing data over the internet.

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- Internet of Things: Connectivity PLatforms
  Companies developing enabling platforms which allow and or foster connectivity between IoT devices
  
  63 companies
- Internet of Things: Energy Management
  Companies developing IoT devices to gather data, control and/or manage energy management systems
  
  213 companies
- Internet of Things: Industrial IoT
  Companies offering IoT used in industrial settings such as automation of assembly lines or other industrial settings.
  
  180 companies
- Internet of Things: Smart Cities and Transport
  Companies supplying IoT devices used across transportation and mobility services, and to enable smart cities
  
  237 companies
- Internet of Things: e-Health
  Companies providing IoT devices to the healthcare sector
  
  248 companies

Internet of Things industry growth

We estimate that the UK Internet of Things sector could be worth approximately £286.7bn by 2027, based on the compound annual growth rate (CAGR) of 52.2%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.

Get your free Internet of Things report

Dig deeper into the UK’s Internet of Things industry with our free 2022 RTIC report, which includes:

– Summary of RTIC data & industry performance
– Overview of key verticals
– Geographic analysis & breakdown
– Key insights & trends

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Real-Time Industrial Classifications (RTICs)

At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including the Internet of Things.

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