CHRISTMAS IS COMING AND LISTS ARE BEING MADE, and if the analysts at Gartner are correct a lot of those lists will likely include internet-connected devices.
We have an Internet of Things (IoT) gold rush going on at the moment, and the connected device is becoming ever more popular. Gartner is expecting a spike between now and next year, so we reckon Christmas will have an impact, but general availability is likely to affect things.
It has predicted that there will be 6.4 billion connected things in use across the globe next year, which is an increase of 30 percent against 2015. Things will not slow down, and Gartner reckons that by 2020 there will be 20.8 million devices on the go. This is a shade under figures that it estimated before.
It is cars, consumers and their coin that will drive the market forward, and while the enterprise will flirt with IoT it will not go as far as the general population. However, it will lay out the most cash.
"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," said Jim Tully, vice president and distinguished analyst at Gartner.
"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," he added.
The firm estimates that enterprise spend will yield $868bn over the period, while consumers will lump out $546bn. There is a third market for items with cross-appeal and these include connected lightbulbs and that kind of caper.
"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," added Tully.
Spending on IoT services is rising, too, and Gartner estimates that total services spending, which will mostly come out of enterprise use, will increase by 22 percent against this year to $235bn. µ
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