By 2016, 5.5 million things will become connected to the Internet each day.
Just in case you needed any more validation that the Internet of Things has arrived, get ready for several billion smart objects in our world by as early as next year. According to Gartner, the number of devices connected to the Internet is actually expected to exceed 6.4 BILLION come the end of 2016. This mind-blowing figure represents a 30% increase from 2015, and is projected to continuing rising to 20.8 billion by 2020.
To put this number into perspective, 5.5 million new “things” will become connected every day. As a result, the growing IoT will support total services spending of $235 billion in 2016, up 22% from 2015. Beyond that, Gartner anticipates most of that money will be spent on what it calls the “professional category” — services in which businesses contract with external providers in order to design, install and operate intelligent systems. At the same time, both “connectivity services” and “consumer services” are also expected to grow at an exceptionally fast pace.
“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,” Gartner VP Jim Tully explains.
Aside from connected cars, Gartner believes that consumer applications will account for the greatest number of smart gadgets, while enterprise will account for the largest spending. The analyst firm estimates that four billion connected things will be in use in the consumer sector next year, and will hit 13.5 billion over the next five years.
In terms of hardware spending, consumer applications will amount to $546 billion in 2016, while the use of connected things in the enterprise will drive $868 billion in 2016.
When examining the enterprise computing segment, Gartner says it considers two classes of connected things. The first class consists of generic or cross-industry devices that are used in multiple industries, such as smart light bulbs, HVAC and building management systems that are mainly deployed for purposes of cost savings. Meanwhile, the second class includes vertical-specific machines that are found in particular industries, like specializes equipment used in hospital operating theaters and tracking devices in container ships.
“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,” Tully adds.
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