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Report says nearly 20.8 billion connected things to be in use by 2020

  • Internet of Things
    services is set to take the world by storm with nearly 6.4 billion connected
    things likely to be in use globally in 2016, and 20.8 billion by 2020, according
    to a new report by top market research firm Gartner.
  •  
    • Internet of Things
      services is set to take the world by storm with nearly 6.4 billion connected
      things likely to be in use globally in 2016, and 20.8 billion by 2020, according
      to a new report by top market research firm Gartner.
    •  

    •  
    • In 2016, 5.5 million
      new things will get connected every day, the report said.
    •  
    • “Internet of
      Things (IoT) services are the real driver of value in IoT, and increasing
      attention is being focused on new services by end-user organisations and
      vendors,” said Jim Tully, vice-president of 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,”
      Tully said.
    •  
    • 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 addition, the firm
      said that forecasts indicate that IoT will support total services spending of $235
      billion in 2016, up 22 percent 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,” the report said.

     

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