Beijing time on February 8th news, according to the technology website DigiTImes reported that the number of IoT devices in 2017 will exceed the global population for the first time. According to market research firm Gartner, the number of IoT devices worldwide will reach 8.4 billion in 2017 – an increase of 31% from 6.4 billion in 2016, while the global population is 7.5 billion. The number of IoT devices will reach 20.4 billion in 2020.
Internet of Things
According to Gartner, global IoT equipment and services spending will reach approximately RMB13.8 trillion in 2017.
Greater China, North America and Western Europe are driving the popularity of IoT devices. In 2017, these three regions accounted for 67% of total IoT devices.
The consumer sector is the largest user of IoT devices. In 2017, the number of IoT devices was 5.2 billion, accounting for 63%; the number of IoT devices used by enterprises was 3.1 billion. Peter Middleton, director of research at Gartner, said that in addition to cars, the most used IoT devices include smart TVs and digital set-top boxes; the most used IoT devices are smart meters and surveillance cameras.
In addition to smart meters, industry-specific IoT devices (including manufacturing equipment, process sensors for power plants, and real-time location devices for the medical industry) will drive the adoption of IoT devices in the enterprise in 2017, reaching 1.6 billion . However, starting in 2018, cross-industry equipment, such as equipment for smart buildings, will be the main engine driving the popularity of IoT devices. In 2020, the number of IoT devices across the industry will grow to 4.4 billion, and the number of IoT devices for specific industries will be 3.2 billion.
In 2017, companies accounted for 57% of IoT spending
Although consumers buy more IoT devices, corporate Internet of Things spending is higher. In 2017, enterprise IoT hardware spending will reach RMB 663.7 billion, and consumer IoT hardware expenditure will be RMB 499.6 billion. By 2020, the total spending of consumers and businesses on IoT hardware will reach approximately RMB 20.7 trillion.
DeniseRueb, research director at Gartner, said, “Services are extremely important for the growth of IoT devices.†IoT service spending will grow to RMB 1,877.6 billion in 2017.
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