The enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020, which would be a 21% increase from the current year. Towards the end of 2019, it is expected that 4.8 billion endpoints will be in use, up 21.5% from 2018.
Senior Research Director at Gartner, Peter Middleton, said, “Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities.”
The highest user of IoT endpoints, totalling at 1.17 billion endpoints will by Utilities in 2019, with an increasing 17% to reach 1.37 billion in 2020.
“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.
Northern America, Greater China and Western Europe are the three regions concentrated on, for 2020, as revenue will total to $389 billion from endpoint electronics, globally.
Research says that these three regions make up 75% of the overall endpoint electronics revenue.
Consumer connected cars and networkable printing and photocopying will be the two cases that produce the most endpoint electronics revenue in 2020, which will total to $72 billion and $38 billion, respectively.
Research Vice President at Gartner, Alfonso Velosa, said, “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.”