The contribution of IoT to economic growth
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Modelling the impact on business productivity
Many governments across the world are concerned about the development of economic productivity. Traditionally, the advent of industrial revolutions has spurred a new period of significant economic growth. As we enter the next industrial revolution, the Internet of Things has the potential to drive productivity across many industries.
This latest report from GSMA Intelligence sets out the economic benefits that IoT can bring to business productivity. The analysis is based on enterprises’ reported cost savings from the recent GSMA Intelligence IoT Enterprise Survey, which covered over 2,000 respondents across 14 countries. According to the analysis, IoT increases productivity by as much as 0.2% of GDP already. The report sets out how this contribution is expected to grow over time, and how this breaks down by sector verticals. The report also explores how the adoption of IoT can benefit developing economies as well as developed regions.
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Made for IoT Summit 2025: key takeaways from the show
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Learn moreRelated research
Made for IoT Summit 2025: key takeaways from the show
Earlier this month, Onomondo hosted the Made for IoT Summit 2025, bringing together a mix of IoT developers, device OEMs, module makers and adopters from across the IoT ecosystem, under the motto 'IoT connectivity should never be a bottleneck'. Key themes discussed included the latest GSMA eSIM SGP.32 and SGP.31 specifications, how the ecosystem is getting ready for commercial launches and the impact to connectivity service providers and device makers. Non-terrestrial networks IoT was a topic of focus as well, with the event’s participants taking note of progress being made and expressing high expectations for further advancements in the low Earth orbit space that will help drive greater adoption and lower costs. Finally, a new flagship private wireless project was unveiled in detail: Onomondo’s implementation with Maersk, Nokia and a suite of other partners that will bring private wireless to 450 ships at sea.
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