Utilities will be the highest user of IoT endpoints, totaling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 billion endpoints. Gartner, Inc. 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. Analysts discussed how CIOs can lead their businesses to discover IoT opportunities and make IoT projects a success during Gartner Symposium/ITxpo, which is taking place here through Thursday. In this latest IoT special report, learn about best practices to take advantage of new opportunities created by IoT and how you can build the business and technology foundations as securely as possible to continue to foster IoT growth and impact. These three regions will represent 75% of the overall endpoint electronics revenue. However, the analyst company warns that IoT security is being left up to line-of-business units, with a lack of overall business strategy, poor “security by design”, and little control […] We are a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries — across all major functions, in every industry and enterprise size. IoT is regarded as one of the top five game-changing technologies due to its ability to create new sources of data, provide real-time performance updates and create new value propositions. • 14 public companies and 4 private made the Magic Quadrant report. This report looks at how far your peers have come with IoT, and the budget and financial requirements for new IoT adopters. By continuing to use this site, or closing this box, you consent to our use of cookies. The security approach which Gartner advocates is CARTA (Continuous Adaptive Risk and Trust Assessment). To learn more, visit our Privacy Policy. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. 11 November 2020 The Healthcare Supply Chain Top 25 for 2020 Gartner’s 12th annual Healthcare Supply Chain Top 25 has additional resonance in a year that revealed the strengths and shortcomings of healthcare supply chains. The delay followed news that analysts Dave Russell and Pushan Rinnen were leaving to join vendors. How the IoT UX evolves depends on four key factors, Gartner said: new sensors, new algorithms, new experience architectures and context, and socially aware experiences. Upcoming dates and locations for Gartner IT Symposium/Xpo include: Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We use cookies to deliver the best possible experience on our website. The increasing maturity in IoT combined with other complex technologies has huge potential for transformation but also presents some challenges. Telefónica has been recognised as a Leader in Gartner’s 2019 Magic Quadrant for IoT Connectivity Services, Worldwide, for the sixth year in a row, improving on its “completeness of vision”, one of the two aspects the Magic Quadrant assesses together with “ability to execute”. Similar to 2019, residential electricity smart metering, which can be used for more accurate metering and billing in the home, will be the top use case for Greater China and Western Europe in 2020, and will represent 26% and 12% of total IoT endpoints, respectively. Adopting IoT solutions and achieving business outcomes is complex. In this article, Gartner analysts – in their own words – are going to explain how they understand digital transformation; while delving into specific sectors, which include: retail, digital marketing and telecoms. Gartner, Inc. today highlighted the top strategic Internet of Things (IoT) technology trends* that will drive digital business innovation from 2018 through 2023. North America, in comparison, will see its highest IoT endpoint adoption in building intruder detection, such as door and window sensors, which will represent 8% of total IoT endpoints. We are trusted by 600+ leading companies around the world including globally leading software and industrial players. The Internet of Things is evolving into a significant component and a major contributor to digital business initiatives across organizations. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. By continuing to use this site, or closing this box, you consent to our use of cookies. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. IoT Analytics is a leading provider of market insights and strategic business intelligence for the Internet of Things (IoT), and Industry 4.0. Multiple Gartner analysts—Jeremy D’Hoinne, Lawrence Orans, John Girard—mentioned the need for behavioral inspection of endpoint devices that can’t accept agents (which is the vast majority of IoT devices). In 2020, revenue from endpoint electronics will total $389 billion globally and will be concentrated over three regions: North America, Greater China and Western Europe. CSCOs can use the lessons from this research to build stronger supply chains, improve patient outcomes and control costs. By clicking the "Begin Download" button, you are agreeing to the Organizations implementing IoT are increasingly focusing on the business outcomes of the technology. The duo were the mainstays of the Gartner team covering data backup. Gartner tracks commercial IoT (healthcare, smart buildings, smart cities, retail, agriculture, etc. • The platform players are dominated by USA and German companies with Indian, French, Italian, British and Irish Companies making up the others Gartner clients can read more in the report “Scenarios for the IoT Marketplace, 2019.”. All rights reserved. North America and Greater China Have the Biggest Market for Endpoint Electronics Revenue. Hyperautomation, IoT and Digital Twins “Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities,” said Peter Middleton, senior research director at Gartner. ©2021 Gartner, Inc. and/or its affiliates. On 5 December, research firm Gartner published a report which found that blockchain integration is popular among adopters of Internet of Things (IoT) devices.. A survey of over 500 U.S. companies found that 75% of IoT adopters had already implemented blockchain or were planning to by the end of 2020. Gartner Terms of Use Gartner Terms of Use Connected cars will retain a significant portion of the total endpoint electronics spending resulting from increasing electronics complexity and manufacturers implementing connectivity in a greater percentage of their vehicle production moving forward. Work closely with business stakeholders to ensure that outcomes align with strategy. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. “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.”. Gartner has been forced to delay a Magic Quadrant report for at least six months due to the mass departure of pivotal analysts covering the enterprise data center space. In healthcare, chronic condition monitoring will drive the most IoT endpoints, while in automotive, cars with embedded IoT connectivity will be supplemented by a range of add-on devices to accomplish specific tasks, such as fleet management. With the integration of Machina Research, Gartner now publishes a unified IoT forecast dataset using a new forecast methodology that places the projects organizations are carrying out at the center of the forecast. MachNation says Cumulocity IoT is “both faster and less complex” in platform deployment and maintenance and … IoT’s rapidly evolving technologies have ushered in innovative disruptions at a staggering pace, in five key areas: Sensing — IoT endpoints. M2M and Internet of Things (IoT) market analyst firm Machina Research has been acquired by giant research company Gartner Inc. This is … Understanding — IoT data and analytics. Leaders perform skillfully and … Following the worldwide COVID-19 lockdowns, companies that have lost revenue will be looking for ways to innovate and save money. and Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management, Scenarios for the IoT Marketplace, 2019.”. According to this Gartner Magic Quadrant for Managed IoT Connectivity Services, Worldwide: Leaders invest in the future of IoT that includes a continuum of value from IoT edge devices to IoT platforms and related analytics. Use Gartner research and insights to create and deploy stronger action plans and detailed decisions required for IoT strategy success. This year marks a … What is digital transformation in business: Everything you need to know To learn more about how we help decision makers fuel the future of business, visit gartner.com. Learn the latest IoT technical disruptions in 5 key areas: Security, artificial intelligence, data and analytics, communications and endpoint technology. Building automation, driven by connected lighting devices, will be the segment with the largest growth rate in 2020 (42%), followed by automotive and healthcare, which are forecast to grow 31% and 29% in 2020, respectively (see Table 1). and the automotive markets. Analysts will further discuss the evolution of IoT and its impact on adopters and technology providers during Gartner IT Symposium/Xpo 2019, the world’s most important gathering of CIOs and other senior IT executives. Security and risk management leaders need to ensure data privacy in their IoT strategy. and Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management. Organizations lacking experience in adopting IoT-based digital technologies need a well-defined IoT strategy and a set metric to measure success. and IT executives rely on these events to gain … Gartner’s Magic Quadrant (MQ) reports apply qualitative data analysis methods to reveal trends within a specific market or industry – and Arm’s inclusion as a strong new entrant within the ‘Managed Internet of Things (IoT) Connectivity’ market MQ is a fantastic acknowledgment of Arm’s recent investment into the connectivity space.. This will require the CIO’s team to start developing a policy and architecture-based approach to support business units’ objectives, while protecting the organization from data threats. | Gartner, IoT, Gartner forecasts that the enterprise and automotive Internet of Things (IoT… Analysts at Gartner said their research showed companies were using tools like IoT devices to improve customer service systems and streamline logistics management. Gartner helps you understand how you can ensure data security and privacy compliance. Smarter With Gartner … ©2021 Gartner, Inc. and/or its affiliates. Analysts: Sanjit Ganguli, Ted Friedman. Analysts discussed how CIOs can lead their businesses to discover IoT opportunities and make IoT projects a success during Gartner Symposium/ITxpo, which … • There are zero Leaders or Challengers highlighting the early stage of the market. With the wide adoption use of IoT, various IoT-enabling technologies are evolving. IoT evolution and how it impacts your business IoT solutions have moved beyond the hype to deliver real business benefits. Privacy Policy. The “internet of things” (IoT) is the most over-hyped technology in development today, according to tech analysts Gartner. 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