Theme timeline

A history of the Internet of Things

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According to a 2011 Cisco white paper written by Dave Evans, the IoT was born between 2008 and 2009, when the number of connected devices exceeded the number of people worldwide. Of course, evidence of implementation of IoT-related concepts dates back decades, but many academics saw 2009 as the turning point. Today, billions of connected devices exist, such as cars, fridges, speakers, watches, and heart monitors. 

The timeline below shows the key milestones in the history of the IoT and includes predictions on how it will evolve. 

1995

Siemens funded the development of M1, a GSM data module for machine-to-machine (M2M) applications.

1999

Procter & Gamble's Kevin Ashton coined the term ‘Internet of Things’.

2000

LG announced the world's first internet-connected fridge.

2003

BigBelly Solar launched a solar-powered trash bin that could send notifications over the internet when it was full.

2005

The UN published its first report on the IoT via the ITU.

2008

The IPSO Alliance was founded to promote the use of IP in connected devices.

2009

The number of connected devices exceeded the number of people on Earth.

2011

Nest Labs launched the Nest Learning Thermostat.

2013

Qualcomm founded the AllSeen Alliance, and Intel set up the Open Internet Consortium.

2014

Google acquired Nest Labs and launched Google Glass. Apple launched the Apple Watch and the Apple HomeKit.

2016

GE announced its Predix IoT platform.

2017

Narrowband IoT (NB-IoT) and long-range low-power wireless platforms began to gain traction.

2018

The rollout of 5G began alongside national LPWAN initiatives.

2020

Covid-19 disrupted the IoT ecosystem. IoT-based tools supported workplace distancing and contact tracing. The US IoT Cybersecurity Improvement Act was signed into law. Cisco discontinued its smart city offering.

2021

IoT with advanced analytics became prominent in healthcare and advanced manufacturing. IoT security became a top priority among vendors. 

2022

Intelligent edge went mainstream and became a primary accelerator for IoT.

2023

IoT-related supply chain and chip manufacturing became more flexible and robust.

2024

Industrial IoT connections will overtake consumer ones, according to GSMA.

2025

IoT connections will reach almost 25 billion globally, according to GSMA. IoT-related supply chain and chip manufacturing will become more flexible and robust. 

2027

According to GlobalData forecasts, the global IoT market will be worth $1,677bn.

2030

The use of AR and VR in IoT will be pervasive.

2035

There will be one trillion IoT devices, according to predictions by Arm.

Source: GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article. 

GlobalData’s Thematic Intelligence uses proprietary data, research, and analysis to provide a forward-looking perspective on the key themes that will shape the future of the world’s largest industries and the organisations within them.