How many things
How many ‘things’ in the Internet of Things? Gartner reckons 4.9 billion connected devices will be in use in next year – up 30% on this year – reaching 25 billion by 2020. This spurt will power up the economic impact of the IoT as consumers, businesses, city authorities, hospitals et al find new ways in which to exploit the technology. Gartner reckons that the IoT will support total services spending of $69.5 billion in 2015, rising to a whopping $263 billion by 2020.
Some 2.9 billion ‘things’ will be in use in the consumer sector next year, rising to over 13 billion in 2020. The automotive sector will have the highest growth rate at 96% in 2015.
Over the next few years, built-in intelligence and connectivity will be regarded as standard, and this will rapidly filter down to mainstream products and services. But companies must understand that the most disruptive impact and competitive threats and opportunities will arise not from simply digitising a product or service, but from creating a new business model and value proposition,” says Steve Prentice, Gartner vp.