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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

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Here are the key facts about the Internet of Things sector. The sector has a turnover of £38.9bn currently, has received £3.6bn of investment and the sector is growing at 51.9% per year.

729
COMPANIES CONSIDERED
£38.9bn
TOTAL TURNOVER
308,972
TOTAL EMPLOYEES
£3.6bn
TOTAL INVESTMENT FUNDING
£49.3m
TOTAL INNOVATE UK GRANT FUNDING
51.9%
AVERAGE COMPANY GROWTH PER YEAR

Internet of Things verticals

Our industry data goes deep. See the top verticals and specialisms making waves in the UK Internet of Things industry today.

Our Internet of Things RTIC is made up of 5 individual verticals. The top verticals in this sector include e-Health, and Smart Cities and Transport. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.

  • Sector Code Description Records
  • RTIC0020 Internet of Things 719 companies

    Companies creating objects with the capability of communicating with each other and sharing data over the internet.

    • 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

Based on a growth rate of 51.9%, we expect that this sector could be worth £40.6bn by 2024. Below you can see our forecast of the growth of the sector.

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