Global IoT devices to exceed 40 billion by 2034, Digi International says
DGII•Digi International said connected devices worldwide are projected to exceed 40.6 billion by 2034, up from more than 21 billion today. The analysis cited studies finding predictive maintenance can cut unplanned downtime by 30%-50% and manufacturing maintenance costs by 18%-25%.
1. Device growth forecast
Digi International published an Internet of Things industry analysis on October 15, 2026, highlighting expanding adoption across industrial and commercial operations. It projected that connected devices worldwide will exceed 40.6 billion by 2034, up from more than 21 billion today.
2. Maintenance savings
The analysis cited studies finding predictive maintenance can reduce unplanned downtime by 30%-50%, while manufacturing maintenance costs may fall 18%-25%.
