6.4 Billion Connected Devices Expected to be in Use in 2016
The Internet of Things is estimated to support total services spending of $235 billion in 2016
STAMFORD, Conn. — Gartner Inc. forecasts that 6.4 billion connected devices will be in use worldwide in 2016, up 30 percent from 2015, and will reach 20.8 billion by 2020. In 2016, 5.5 million new devices will get connected every day.
Gartner estimates that the Internet of Things (IoT) will support total services spending of $235 billion in 2016, up 22 percent from 2015. Services are dominated by the professional category (in which businesses contract with external providers in order to design, install, and operate IoT systems); however, connectivity services (through communications service providers) and consumer services will grow at a faster pace.