Gartner has forecasted that there will be 6.4 billion connected things in use worldwide in 2016. It says that’s 30 percent up from 2015 and is expected to reach 20.8 billion by 2020.
Gartner has estimated the Internet of Things to support services spending of $235 billion in 2016 which is a 22 percent gain from 2015. “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, Gartner.
Gartner expects enterprise to bolster Internet of Things (Source: Gartner)
Gartner believes that enterprise will bolster the IoT revenue and it estimates 4 billion connected things to be in use in the consumer sector in 2016.
“Connected things for specialised use are currently the largest category, however, this is quickly changing with the increased use of generic devices. By 2020, cross-industry devices will dominate the number of connected things used in the enterprise,” said Tully.
Gartner has classified the connected things into two classes with the first class consisting of generic or cross-industry devices and second being devices found in particular insustries.