South Korea 's Internet of Things ( Internet ) market in 2015 jumped by 28 % , YoY , to nearly $ 100 , with personal services , such as smart home and healthcare , accounting for 31 % . Around 1,212 firms were involved in IoT businesses with employees numbering between 16 to 49 accounting for 51.4 % of those , highlighting that many start - ups and small enterprises were involved in IoT businesses . Last year it was announced that South Korea had topped the global ranking on the number of IoT connected devices , following plans that the South Korean Government was investing $ 5bn by 2020 in broadband and smart cars .
South Korea's Internet of Things (IoT) market in 2015 jumped by 28%, YoY, to nearly $4bn, with personal services, such as smart home and healthcare, accounting for 31%. Around 1,212 firms were involved in IoT businesses with employees numbering between 10 to 49 accounting for 51.4% of those, highlighting that many start-ups and small enterprises were involved in IoT businesses. Last year it was announced that South Korea had topped the global ranking on the number of IoT connected devices, following plans that the South Korean Government was investing $5bn by 2020 in IoT and smart cars.