Express Computer
Home  »  IoT  »  Enterprise, automotive IoT endpoints to hit 5.8bn by 2020: Gartner

Enterprise, automotive IoT endpoints to hit 5.8bn by 2020: Gartner

0 238

The enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020 — a 21 per cent increase from 2019 — Gartner said. By the end of 2019, 4.8 billion endpoints are expected to be in use — up 21.5 per cent from 2018. Utilities will be the highest user of IoT endpoints, totaling 1.17 billion endpoints in 2019, and increasing 17 per cent in 2020 to reach 1.37 billion endpoints.

“Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities,” said Peter Middleton, Senior Research Director at Gartner. “Physical security, where building intruder detection and indoor surveillance use cases will drive volume, will be the second largest user of IoT endpoints in 2020,” Middleton added.

Building automation, driven by connected lighting devices, will be the segment with the largest growth rate in 2020 (42 per cent), followed by automotive and healthcare, which are forecast to grow 31 per cent and 29 per cent in 2020, respectively.

In healthcare, chronic condition monitoring will drive the most IoT endpoints, while in automotive, cars with embedded IoT connectivity will be supplemented by a range of add-on devices to accomplish specific tasks, such as fleet management.

In 2020, revenue from endpoint electronics will total $389 billion globally and will be concentrated over three regions: North America, Greater China and Western Europe. These three regions will represent 75 per cent of the overall endpoint electronics revenue, the research said.

In 2020, the two use cases that will produce the most endpoint electronics revenue will be consumer connected cars and networkable printing and photocopying, totaling $72 billion and $38 billion, respectively, according to Gartner.

“Overall, end users will need to prepare to address an environment where the business units will increasingly buy IoT-enabled assets without policies for support, data ownership or integration into existing business applications,” said Alfonso Velosa, Research Vice President at Gartner.

Advertisement

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image
How to drive performance, flexibility & security capabilities across the cloud
Learn More
close-image