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 £27.24bn, meaning it is our 26th largest RTIC, and our 32nd fastest growing sector.
- The Internet of Things sector is one of our top 10 sectors for overall venture capital funding.
- The Internet of Things sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
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 879 companies
Companies creating objects with the capability of communicating with each other and sharing data over the internet.
- Internet of Things: Connectivity PLatforms86 companies
Companies developing enabling platforms which allow and or foster connectivity between IoT devices
- Internet of Things: Energy Management368 companies
Companies developing IoT devices to gather data, control and/or manage energy management systems
- Internet of Things: Industrial IoT123 companies
Companies offering IoT used in industrial settings such as automation of assembly lines or other industrial settings.
- Internet of Things: Smart Cities and Transport320 companies
Companies supplying IoT devices used across transportation and mobility services, and to enable smart cities
- Internet of Things: e-Health266 companies
Companies providing IoT devices to the healthcare sector
Internet of Things industry growth
We estimate that the UK Internet of Things sector could be worth approximately £33.3bn by 2027, based on the compound annual growth rate (CAGR) of 4.1%. 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
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.
Discover more RTICs and access our other free reports today.
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