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
|
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
|
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