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6.4B Connected Things to be in Use Worldwide in 2016: Gartner

In 2016, 5.5 million new things will get connected every day and IoT will support total services spending of $235 billion in 2016, up 22% from 2015.

In 2016, 5.5 million new things will get connected every day and IoT will support total services spending of $235 billion in 2016, up 22% from 2015.

According to Gartner latest report, there will be 6.4 billion connected things in use worldwide in 2016, up 30% from 2015, and is expected to reach 20.8 billion by 2020. In 2016, 5.5 million new things will get connected every day and IoT will support total services spending of $235 billion, up 22% from 2015.

Gartner estimates that in consumer sector, there will be 4 billion connected things in use in 2016, and this number will rise to 13.5 billion in 2020. In terms of hardware spending, consumer applications will amount to $546 billion in 2016, while the use of connected things in the enterprise will drive $868 billion in 2016, the firm said.

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Gartner has classified connected things into two classes: the first class consists of generic or cross-industry devices that are used in multiple industries, and second is vertical-specific devices that are found in particular industries.

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“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,” said Jim Tully, Vice President, Gartner.

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