Gartner Sees IoT ‘Endpoints and Services’ Becoming $2 Trillion Market in 2017

Total global spending on IoT “endpoints and services” will reach almost $2 trillion in 2017, Gartner reported Tuesday. It forecasts 8.4 billion connected things will be in use worldwide in 2017, up 31 percent from 2016, and will reach 20.4 billion by 2020. The consumer segment will be the largest user of connected things, with 5.2 billion units in 2017, or 63 percent of the overall number of applications in use, Gartner said. "Aside from automotive systems, the applications that will be most in use by consumers will be smart TVs and digital set-top boxes, while smart electric meters and commercial security cameras will be most in use by businesses."