IoT services driving boom in connected devices: Gartner

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IoT services driving boom in connected devices: Gartner

Australians will more than triple their use of internet-of-things devices over the next three years, according to Gartner.

The research group has forecast that 88.1 million IoT endpoints will ship in 2020 – a 262 percent increase on the 24.4 million shipped in 2016.

Gartner has also forecast that 33.8 million units will ship this year, which would be 39 percent higher than last year.

Meanwhile, throughout the world, there will be 20.4 billion connected units installed by 2020 – a 220 percent increase on the 6.4 billion installed at the end of 2016.

There are expected to be 8.4 billion units by the end 2017 – a 31 percent jump on 2016.

Consumers will be responsible for 63 percent of these installations and businesses 37 percent.

Global spending on endpoints and services will increase from US$1.4 trillion (AU$1.8 trillion) in 2016 to US$2.9 trillion in 2020, a rise of 112 percent.

Spending for 2017 is expected to reach US$1.7 trillion in 2017, which would represent a 22 percent increase on 2016.

Consumers will focus on automotive systems, smart TVs and digital set-top boxes, according to Gartner.

Businesses will preference smart electric meters and commercial security cameras.

Specific industries will also target specific solutions, such as process sensors for electrical generating plants and real-time location devices for healthcare.

Gartner research director Denise Rueb said IoT services were central to the rise in IoT devices.

“Services are dominated by the professional IoT-operational technology category in which providers assist businesses in designing, implementing and operating IoT systems,” she said.

“However, connectivity services and consumer services will grow at a faster pace. Consumer IoT services are newer and growing off a small base. Similarly, connectivity services are growing robustly as costs drop and new applications emerge.”

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