Enterprise IoT use set to explode this year

The enterprise and automotive Internet of Things (IoT) market is expected to grow to 5.8bn endpoints in 2020 according to new forecasts from Gartner. By the end of this year though, 4.8bn endpoints are expected to be in use and this represents a 21.5 percent increase from 2018. Utilities will be the highest user of IoT endpoints with a total of 1.17bn endpoints in 2019 but this is expected to grow by 17 percent in 2020 to reach 1.37bn endpoints. Senior research director at Gartner, Peter Middleton explained what factors will drive utilities increased adoption of IoT endpoints, saying. Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities. 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.