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Gartner forecasts explosion in enterprise and automotive IoT endpoint usage

iottechnews.com, Sept. 02, 2019 – 

Gartner has predicted that the enterprise and automotive IoT market will grow to 4.8 billion endpoints by the end of 2019 – and 5.8bn endpoints in 2020. The current year forecast is 21.5% rise on a year-on-year basis, whereas the next year projection is a 21% year-on-year increase, compared to the present year.

The utility sector will be the highest user of IoT endpoints, as it will total to 1.17bn endpoints in 2019 and will gradually increase to 17% in 2020, reaching 1.37bn endpoints. The building automation market will witness the largest growth rate - 42% - in 2020, predominantly driven by connected lighting devices.

By 2020, the automotive and healthcare market will grow by 31% and 29%, respectively.

In the automotive sector, vehicles embedded with IoT connectivity will be supplemented by a variety of add-on devices for specific purposes, such as fleet management, whereas in healthcare, chronic condition monitoring will be responsible to drive the most IoT endpoints.

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