Gartner, Inc. estimates connected devices in 2016 will jump 30 percent
In 2016, approximately 5.5 million new “things” will become connected each day. Gartner also forecasted that the number of connected things would jump to 20.8 billion in 2020.
The Internet of Things will likely support total services spending of $235 billion in 2016, which represents a 22 percent increase from 2015.
Services are dominated by the professional category (in which businesses contract with external providers in order to design, install and operate IoT systems), however connectivity services (through communications service providers) and consumer services will grow at a faster pace.
“IoT services are the real driver of value in IoT, and increasing attention is being focused on new services by end-user organizations and vendors,” said Jim Tully, vice president and distinguished analyst at Gartner.
“Aside from connected cars, consumer uses will continue to account for the greatest number of connected things, while enterprise will account for the largest spending,” said Mr. Tully. Gartner estimates that 4 billion connected things will be in use in the consumer sector in 2016, and will reach 13.5 billion in 2020.
In terms of hardware spending, consumer applications will amount to $546 billion in 2016, while the use of connected things in the enterprise will drive $868 billion in 2016.
For details about Internet of Things units and endpoint spending, click here.
Material from a press release was used in this report.