Gartner Terms of Use Master your role, transform your business and tap into an unsurpassed peer network through our world-leading virtual and in-person conference series. Navigate the challenges and complexities of IoT with this research. To learn more, visit our Privacy Policy. Privacy Policy. “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.”. By clicking the "Begin Download" button, you are agreeing to the Organizations with high levels of IoT maturity achieve higher rates of success in their IoT adoption.Â. As the leading manufacturers are making a paradigm shift towards IoT, the utilities market is expected to be the highest user of IoT endpoints. Title: Gartner Says 5.8 Billion Enterprise and Automotive IoT Endpoints Will Be in Use in 2020 Date: 29 August 2019 Author: Gartner Summary: “Gartner, Inc. forecasts that the enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019.By the end of 2019, 4.8 billion endpoints are expected to be in … Gartner, Inc. forecasts that the enterprise and automotive Internet of Things (IoT) market will surge to 5.8 billion endpoints in 2020, 21% higher than the 2019 total. IT and business stakeholders must work together to align IoT projects with business objectives for improving revenue and customer experience, but they are bound by legacy approaches. Utilities will be the highest user of IoT endpoints, totaling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 … Gartner helps you understand how you can ensure data security and privacy compliance. However, the analyst company warns that IoT security is being left up to line-of-business units, with a lack of overall business strategy, poor “security by design”, and little control […] Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management. Gartner has the largest base of research experts and consultants in the world. Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in 100+ countries. Gartner has been forced to delay a Magic Quadrant report for at least six months due to the mass departure of pivotal analysts covering the enterprise data center space. Internet of Things (IoT) implementations involving digital twins are proving to be helpful in reducing costs. A Gartner Trend Insight Report. While printers and photocopiers will contribute significant spending in 2020, the market will decline slowly and other use cases such as indoor surveillance will rise as governments focus on public safety. Adopting IoT solutions and achieving business outcomes is complex. Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management, Scenarios for the IoT Marketplace, 2019.”. According to Gartner, the global ERP market will grow from an estimated $35.5B in 2021 to $50.9B in 2024, attaining a Compound Annual Growth Rate (CAGR) of … By continuing to use this site, or closing this box, you consent to our use of cookies. All rights reserved. IoT initiatives are no longer driven by the sole purpose of internal operational improvement. This report shares key predictions to help IT leaders plan for a smooth implementation of IoT solutions. Similar to 2019, residential electricity smart metering, which can be used for more accurate metering and billing in the home, will be the top use case for Greater China and Western Europe in 2020, and will represent 26% and 12% of total IoT endpoints, respectively. 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