6.4 Billion Connected Things in 2016, Gartner Says

In 2016 there will be 6.4 billion connected things will be in use globally, up 30 percent from 2015, and will reach 20.8 billion by 2020, according to Gartner.

In 2016, 5.5 million new things will get connected every day.

Gartner estimates that the Internet of Things (IoT) will support total services spending of $235 billion in 2016, up 22 percent from 2015.

"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  Jim Tully, vice president and distinguished analyst at Gartner.

Gartner estimates that four billion connected things will be in use in the consumer sector in 2016, and will reach 13.5 billion in 2020

Internet of Things Units Installed Base by Category (Millions of Units)
Category
2014
2015
2016
2020
Consumer
2,277
3,023
4,024
13,509
Business: Cross-Industry
632
815
1,092
4,408
Business: Vertical-Specific
898
1,065
1,276
2,880
Grand Total
3,807
4,902
6,392
20,797
Source: Gartner

In terms of hardware spending, consumer deployments will amount to $546 billion in 2016, while the use of connected things in the enterprise will drive $868 billion in 2016.

Internet of Things Endpoint Spending by Category (Billions of Dollars)
Category
2014
2015
2016
2020
Consumer
257
416
546
1,534
Business: Cross-Industry
115
155
201
566
Business: Vertical-Specific
567
612
667
911
Grand Total
939
1,183
1,414
3,010
Source: Gartner
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