Gartner 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 use, up 21.5% from 2018.
Utilities will be the highest user of IoT endpoints, totalling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 billion endpoints.
“Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities,” says Gartner senior research director Peter Middleton.
“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.”