Gartner Research

Forecast: The Internet of Things, Worldwide, 2013

Published: 18 November 2013

ID: G00259115

Analyst(s): Peter Middleton , Jim Tully, Peter Kjeldsen


The Internet of Things will include 26 billion units installed by 2020. IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in services, in 2020. It will result in $1.9 trillion in global economic value-add through sales into diverse end markets.

Table Of Contents

Forecast Data


  • IoT Will Bring New Supplier Opportunities and Add Global Economic Value
    • Supplier Revenue Opportunity
    • Economic Value-Add


  • Market Penetration
  • Cost Structure
  • Business Models

Forecast Methodology

  • Definition of a "Thing"
  • Value-Add Forecast/Hindcast Approach
    • 2020 Market Size Based on Three-Way Comparison
    • Long-Tail Product Category Analysis
    • Number-per-Population Study
    • Economic Envelope

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