21 Billion Connected "Things" by 2020

Some 6.4 billion connected things will be in use globally in 2016, up 30 percent from 2015. The number of connecting devices will reach 20.8 billion by 2020, according to Gartner.

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

Connecting those IoT devices will support a range of services spending of $235 billion in 2016, up 22 percent from 2015.

Those services are dominated by the design, installation and operation of IoT systems.  Connectivity services and consumer services will grow at a faster pace, however. In 2020, it is possible that some 13.5 billion consumer-facing devices will be connected.

Internet of Things Units Installed Base (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
20,79

Internet of Things Endpoint Spending (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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