We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. 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. Embracing digital transformation in Industrial IoT requires companies to rethink and shift business models and operations. Gartner Analysts Discuss IoT Last Friday, Gartner said that "by the end of 2017, over 20 percent of enterprises will recognize the need to protect business units which use Internet of Things (IoT) devices, and as a result, will be required to invest more heavily in security." IoT initiatives are no longer driven by the sole purpose of internal operational improvement. Privacy Policy. “Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities,” said Peter Middleton, senior research director at Gartner. Gartner, Inc. forecasts that the enterprise and automotive Internet of Things (IoT) market will surge to 5.8 billion endpoints in 2020, 21% higher than the 2019 total. 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. To learn more, visit our Privacy Policy. Analysts discussed how CIOs can lead their businesses to discover IoT opportunities and make IoT projects a success during Gartner Symposium/ITxpo, which … All rights reserved. The hype around IoT makes it an essential topic for strategy leaders seeking to stay on top of emerging trends and to navigate digital transformations. The security approach which Gartner advocates is CARTA (Continuous Adaptive Risk and Trust Assessment). This year marks a … Gartner surveys invariably show that security is the most significant area of technical concern for organizations deploying IoT systems. IT executives rely on these events to gain … This report looks at how far your peers have come with IoT, and the budget and financial requirements for new IoT adopters. 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. Gartner Terms of Use Organizations with high levels of IoT maturity achieve higher rates of success in their IoT adoption.Â. 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. By clicking the "Continue" button, you are agreeing to the IoT leaders must develop a clear understanding of the enterprise’s business objectives and the CEO’s strategic imperatives. Gartner clients can read more in the report “Scenarios for the IoT Marketplace, 2019.” 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. Organizations implementing IoT are increasingly focusing on the business outcomes of the technology. • The platform players are dominated by USA and German companies with Indian, French, Italian, British and Irish Companies making up the others The increasing maturity in IoT combined with other complex technologies has huge potential for transformation but also presents some challenges. Privacy Policy. This report shares key predictions to help IT leaders plan for a smooth implementation of IoT solutions. We use cookies to deliver the best possible experience on our website. 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. ), industrial IoT (utilities, transportation, manufacturing, etc.) Announcing the news on its website on Wednesday, Machina said: “As of 9th November 2016 Machina Research has been acquired by Gartner, the world’s leading information technology research and advisory company.” • There are zero Leaders or Challengers highlighting the early stage of the market. Securing — IoT security. Gartner says residential electricity smart metering will be the top use case for Greater China and Western Europe in 2020, representing 26 percent and 12 percent of total IoT endpoints, respectively. Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in 100+ countries. By clicking the "Begin Download" button, you are agreeing to the Gartner tracks commercial IoT (healthcare, smart buildings, smart cities, retail, agriculture, etc. IoT evolution and how it impacts your business IoT solutions have moved beyond the hype to deliver real business benefits. Gartner clients can read more in the report “Scenarios for the IoT Marketplace, 2019.”. Leaders perform skillfully and … Gartner has the largest base of research experts and consultants in the world. Use Gartner research and insights to create and deploy stronger action plans and detailed decisions required for IoT strategy success. As the leading manufacturers are making a paradigm shift towards IoT, the utilities market is expected to be the highest user of IoT endpoints. In the second part I will address the special case of analysts specializing in IoT Platforms. IoT’s rapidly evolving technologies have ushered in innovative disruptions at a staggering pace, in five key areas: Sensing — IoT endpoints. Title: Gartner Says 5.8 Billion Enterprise and Automotive IoT Endpoints Will Be in Use in 2020 Date: 29 August 2019 Author: Gartner Summary: “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.By the end of 2019, 4.8 billion endpoints are expected to be in … ©2021 Gartner, Inc. and/or its affiliates. Gartner research provides unbiased views, provides insights related to what customers are looking for as solutions in IoT and other technology areas... It’s easy for us to connect the dots and understand the overall landscape rather than spending time on other resources and getting information that is not reliable or valid. Software AG's Cumulocity IoT is ranked a Leader for the 6th straight year in the MachNation IoT Application Enablement Scorecard. 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. With the wide adoption use of IoT, various IoT-enabling technologies are evolving. Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management. Complete the form to download the free copy. IoT is a set of individual markets and verticals. According to Gartner, the global ERP market will grow from an estimated $35.5B in 2021 to $50.9B in 2024, attaining a Compound Annual Growth Rate (CAGR) of … We are in steady contact with 60,000 clients, representing 15,000 distinct organizations worldwide. The Internet of Things is evolving into a significant component and a major contributor to digital business initiatives across organizations. 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. Embark on the digitalization journey with a coherent Internet of Things strategy. IoT Endpoint Market by Segment, 2018-2020, Worldwide (Installed Base, Billions of Units), Top Use-Case Opportunities Vary by Region.  “How Can We Use IoT and Digital Twins to Reduce Costs After the COVID-19 Lockdown?” illustrates industry examples of how IoT can be implemented to reduce costs. IT and business stakeholders must work together to align IoT projects with business objectives for improving revenue and customer experience, but they are bound by legacy approaches. North America will record $120 billion, Great China will achieve $91 billion and Western Europe will come in third totaling $82 billion in 2020. “Product managers will need to deliver but also to clearly and loudly communicate their IoT-based business value to specific verticals and their business processes, if they are to succeed in this crowded arena,” concluded Mr. Velosa. A Gartner Trend Insight Report. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. 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). 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. By clicking the "Submit" button, you are agreeing to the Gartner helps you understand how you can ensure data security and privacy compliance. Internet of Things is among the most-hyped technologies that could reshape the way companies operate. 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. 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. 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). 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. • 14 public companies and 4 private made the Magic Quadrant report. Gartner, Inc. today highlighted the top strategic Internet of Things (IoT) technology trends* that will drive digital business innovation from 2018 through 2023. 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. Organizations lacking experience in adopting IoT-based digital technologies need a well-defined IoT strategy and a set metric to measure success. 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.. These three regions will represent 75% of the overall endpoint electronics revenue. In 2020, the two use cases that will produce the most endpoint electronics revenue will be consumer connected cars and networkable printing and photocopying, totaling $72 billion and $38 billion, respectively. —————- • In total 18 IoT platforms made it into the Gartner magic quadrant report. We are trusted by 600+ leading companies around the world including globally leading software and industrial players. 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. 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. Following the worldwide COVID-19 lockdowns, companies that have lost revenue will be looking for ways to innovate and save money. Learn the latest IoT technical disruptions in 5 key areas: Security, artificial intelligence, data and analytics, communications and endpoint technology. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. This Hype Cycle outlines the key areas that enterprises should evaluate as they accelerate their IoT initiatives. Hyperautomation, IoT and Digital Twins M2M and Internet of Things (IoT) market analyst firm Machina Research has been acquired by giant research company Gartner Inc. “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.”. Doing so, however, has become more difficult in the past six months due to production slowdowns, restrictions on employee movement with social distancing, and rapidly shifting market demands. Gartner has observed the following changes in the market and user behavior since the last Magic Quadrant for Industrial IoT Platforms. Understanding — IoT data and analytics. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. IoT solutions have moved beyond the hype to deliver real business benefits. 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. 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”. Follow news and updates from the events on Twitter using #GartnerSYM. By continuing to use this site, or closing this box, you consent to our use of cookies. ©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, 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. Communicating — IoT communications. Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management, Scenarios for the IoT Marketplace, 2019.”. This is … CSCOs can use the lessons from this research to build stronger supply chains, improve patient outcomes and control costs. Gartner Terms of Use This is why hyperautomation as defined by Gartner is important when building IoT solutions. IoT’s rapidly evolving technologies have ushered in innovative disruptions at a breakneck pace. Security and risk management leaders need to ensure data privacy in their IoT strategy. While printers and photocopiers will contribute significant spending in 2020, the market will decline slowly and other use cases such as indoor surveillance will rise as governments focus on public safety. Analysts at Gartner said their research showed companies were using tools like IoT devices to improve customer service systems and streamline logistics management. Internet of Things (IoT) implementations involving digital twins are proving to be helpful in reducing costs. We use cookies to deliver the best possible experience on our website. “The IoT will continue to deliver new opportunities for digital business innovation for the next decade, many of which will be enabled by new or improved technologies,” said Nick Jones , research vice president at … Digital business initiatives across organizations amount of data, which often includes personal data of 2,000+ research analysts and in! 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