Gartner Research

Forecast Analysis: Internet of Things — Endpoints, Worldwide, 2017 Update

Published: 27 December 2017

ID: G00347579

Analyst(s): Peter Middleton

Summary

IoT provides new high-volume and high-spending-growth opportunities, yet it is highly fragmented, making choice of target markets critical. Technology strategic planners must select specific market segments by targeting those that align with their core competencies.

Table Of Contents
  • Overview
  • Companion Documents

Forecast Data

Market Impact

  • Overall Market Penetration
  • Total Installed Base of 25 Billion Endpoint Units in 2021
    • Machines Are a Key Part of IoT
    • Highest Growth in Adoption in Cross-Industry Category
    • Familiar Products Drive Consumer Adoption
  • IoT Endpoint Unit Shipments Reach 7.6 Billion in 2021
    • Cross-Industry Shipment Growth Peaks in 2018
    • Regional Variation in Shipments
  • Total IoT Endpoint Hardware Spending Reaches $3.4 Trillion in 2021
    • Consumer and Cross-Industry Spending Growth Driven by Automotive
    • Regional Variation in Spending
  • 305 Million Connected Cars on the Road in 2021
  • Variation in Installed Base by End-Use Subcategory
    • Information and Entertainment Leads Consumer Use in 2021
    • Two-Thirds of Cross-Industry Deployments Driven by Physical Security, Energy and Automotive
    • Modernization Will Drive Upgrades in Vertical-Specific Products
  • Variation in Spending by End-Use Subcategory
  • Top Applications by Category: The Internet of Very Different Things
    • Top Consumer Endpoint Types
    • Top Cross-Industry Endpoint Types
    • Top Vertical-Specific Endpoint Types
  • Manufacturers Face Pricing Pressure, Particularly in Consumer Products

Assumptions

  • Market Penetration
    • LEDs
    • Cross-Industry Use of IoT
    • Vertical-Specific Use of IoT
    • Consumer Use of IoT

Methodology

  • Definitions
    • IoT
    • Operational Technology
    • Smart City
    • Implications of the IoT Definition
    • IoT Unit Forecasts

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