Forecast Analysis: Internet of Things — Services, Worldwide, 2016 Update


Archived Published: 21 February 2017 ID: G00302436

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Summary

Total IoT service spending (including professional, consumer and connectivity services) will reach $471 billion in 2020, a 20% CAGR from 2015. Services are dominated by the professional category (18% CAGR); however, consumer services (48%) and connectivity services (26%) will grow at a faster pace.

Table of Contents

  • Forecast Data
  • Market Impact
    • IoT Services Forecast: Professional Services Segment Is the Biggest Opportunity
    • Incremental Connectivity Services Segment Will Be Relatively Small
    • Consumers Will Tend to Stay With Free Apps
    • Manufacturing and Natural Resources Drives Significant Service Spending
  • Assumptions
    • Consumer Services
    • Professional Services
    • Connectivity Services
    • Unchanged Assumptions
  • Methodology
    • Consumer Services
    • Professional IoT-OT Services
    • Connectivity Services
  • Gartner Recommended Reading
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