Internet of Things Q2 Update in 15 Visuals

Venture Scanner

We at Venture Scanner are tracking 1269 Internet of Things (IoT) companies across 20 categories, with a combined funding amount of $19.2 Billion. The 15 visuals below summarize the current state of Internet of Things.

1. Internet of Things Market Overview

We organize Internet of Things into the 21 categories listed below:

IoT Agriculture: Companies that create connected devices to enhance the productivity of the agricultural and farming industries. Examples include livestock software, moisture-sensing technology, and smart irrigation.

IoT Automotive: Companies that enable machine-to-machine communication in the automotive industry. Examples include mobility status sensors, driving habits applications, and vehicle health handhelds.

IoT City and Buildings: Companies that create connected devices to facilitate smart cities or manage the infrastructure of buildings. Examples include urban projection screens, smart building controls, and parking space locators.

IoT Components: Companies that manufacture the internal technologies of IoT hardware systems. Examples include IoT circuit boards, chips, and semiconductors.

IoT Drones and Robotics: Companies that create unmanned aerial vehicles that could be controlled through remotes or smartphone apps. Examples include aerial cameras, aerial delivery drones, and ocean data collection robots.

IoT Education and Toys: Companies that produce connected devices that facilitate the education process or those aimed at the kids market. Examples include app-connected toys, programmable bracelets, and computer building kits.

IoT Enterprise: Companies that create connected devices to enhance the productivity of corporate enterprises. Examples include product management solutions, business intelligence platforms, and smartglasses for work.

IoT Fitness: Companies that create connected devices that track fitness and exercise metrics. Examples include healthy eating trackers, exercise tracking wristbands, and smartphone-controlled shoes.

IoT Hardware Platforms: Companies that manufacture finished hardware systems that provide infrastructural support for connected devices. Examples include IoT routers, modems, and device controllers.

IoT Health Care: Companies that create connected devices that track health metrics or help improve overall well-being. Examples include breathing mobile games, sleep trackers, and pain relief wearables.

IoT Home: Companies that create connected devices to enhance home living conditions. Examples include smart smoke detectors, smart doorbells and locks, and connected cameras.

IoT Industrial: Companies that create connected devices to enhance the productivity of industrial enterprises such as manufacturing. Examples include industrial data analysis, supply chain management, and factory robots.

IoT Lifestyle and Entertainment: Companies that create connected devices to enhance the overall lifestyle of the user. Examples include connected bikes, outdoor gaming systems, and smart mugs.

IoT Retail: Companies that create connected devices to help with retail stores' operations. Examples include store beacon solutions, mobile payment solutions, and smart barcode scanners.

IoT Security: Companies that enable data privacy and data encryption. Examples include IoT vulnerability detection, industrial IoT security, and IoT data erasure.

IoT Smart Watches: Companies that create connected watches with sensors and applications. Examples include motion recognition watches, parental control watches, and voice notification watches.

IoT Software Platforms: Companies that build backend software systems that provide infrastructural support for IoT technology. Examples include wireless communication networks and IoT data analytics platforms.

IoT Tags and Jewelry: Companies that create tags, trackers, and smart jewelry that enable one to track items and products. Examples include smart keychains, smart bike tags, and mini GPS devices.

IoT User Interface: Companies that produce connected devices that offer new ways to view and control other devices. Examples include virtual reality systems, vibrating couches, and motion-controlled interfaces.

IoT Utilities and Energy: Companies that produce connected devices that help measure and manage energy and utilities usage. Examples include energy usage monitors, smart sprinklers, and oilfield data management solutions.

2. Company Count by Internet of Things Category

 

The above graph summarizes the number of companies in each Internet of Things category. The IoT Home category is leading the way with 201 companies, followed by the IoT Health Care category with 167 companies.

3. Funding by Internet of Things Category

 

The above graph summarizes the total amount of funding in each Internet of Things category. The IoT Software Platforms category is leading the market with over $2.7B in total funding, followed by the IoT Enterprise category with $2.6B in total funding.

4. Venture Investing In Internet of Things

 

The above graph compares the total venture funding in each Internet of Things category to the number of companies in the category. The IoT Software Platforms category is leading in the Total Funding stat with over $2.7B, whereas the IoT Home category is leading in the Company Count stat with 201 companies.

5. Internet of Things Total Funding by Year

 

The above graph summarizes the total funding raised by Internet of Things companies each year. 2014 was the best year in IoT funding thus far with over $5B raised, followd by 2015 which saw over $3.7B funding raised.

6. Average Funding by Internet of Things Category

 

The above graph summarizes the average company funding in each IoT category. The IoT Enterprise category leads the market with over $82M in funding per company, followed by the IoT Utilities/Energy category with over $77M in funding per company. In these two categories a few key IoT players such as Zebra Technologies, Silver Spring Network, Zscaler, and Trilliant all raised major rounds of funding upwards of $100M.

7. Average Age by Internet of Things Category

 

The above graph summarizes the average age of companies in each IoT category. IoT Industrial ranks as the most mature IoT category with an average age of 16 years per company, followed by the IoT Hardware Platforms category with an average age of 13 years per company. We included a few established companies that are innovating in these categories, which explains their relative maturity.

8. Median Age by Internet of Things Category

 

The above graph summarizes the median age of companies in each IoT category. IoT Utilities/Energy ranks as the most mature IoT category with a median age of 10 years per company, followed by the IoT Components category with a median age of 9 years per company. We included a few established companies that are innovating in these categories, which explains their relative maturity.

9. Internet of Things Company Count by Country

 

The above map shows the number of IoT companies located in different countries. The United States ranks as the top country with 797 IoT companies.

10. Internet of Things VC Funding by Country

 

The above map shows the amount of IoT venture capital funding in different countries. The United States leads with $14.7B, with the United Kingdom coming in at a distant second with $1.9B.

11. Internet of Things Companies Founded by Year

 

The above graph summarizes the number of IoT companies founded in a certain year. 2013 ranks as the top year with 185 IoT companies founded, with 2014 in second place with 160 IoT companies founded.

12. Internet of Things Funding by Vintage Year

 

The above graph summarizes the total amount of funding raised by the IoT companies founded in a certain year. IoT companies founded in 2011 have raised the most funding at $2.5B, followed by those founded in 2013 which have raised $1.5B. A few key IoT players founded in those two years such as Magic Leap, Oscar, Gogoro, and Jaunt have raised major amounts of funding upwards of $100M.

13. Internet of Things Headcount Distribution

 

The above graph summarizes the percentage of IoT companies with a certain employee headcount range. Companies with 1–50 employees make up about 83% of the market.

14. Number of Internet of Things Investments by Selected Investors

 

The above graph summarizes the total number of investment rounds IoT investors participated in. Accel outperformed all of its peers, having made 45 investments into IoT companies. Intel Capital is the runner-up with 35 investments.

15. Number of Internet of Things Companies Backed by Selected Investors

 

The above graph summarizes the number of unique IoT companies funded by selected investors. Accel takes the top spot by having invested in a total of 41 unique IoT companies, followed by SOSV which has invested in 37 unique IoT companies.

Venture Scanner is your analyst and technology powered startup research house. If you would like access to the full Internet of Things landscape report and data, visit https://www.venturescanner.com/internet-of-things or reach out to [email protected].

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