Originally published December 8, 2017
Gartner estimates there will be 8.4 billion connected ‘things’ in use in 2017. This number is up 31% from 2016, with Gartner further estimating that by 2020, there will be more than 20 billion devices connected through the Internet of Things (IoT).
Consumer uptake of connected ‘things’ is steadily progressing. Companies are offering connected refrigerators that send mobile alerts when you are low on milk and connected front door locks to dispense with the need for keys. It seems that if it can be connected, it will be connected.
In the enterprise we are seeing widespread deployment as part of the more general drive towards digital transformation and increased mobility. A report from MarketsandMarkets predicts the bring-your-own-device (BYOD) and enterprise mobility market will grow from more than $35 billion in 2016 to more than $73 billion by 2021. Organizations in both the public and private sectors are already using IoT for mission critical infrastructure and to offer people access to things like emergency services. By the end of 2017, IDC predicts that two-thirds of the CEOs of Global 2000 companies will have digital transformation at the center of their corporate strategy.