Smart buildings, smart devices to drive use of IoT
From 2018 onwards, cross-industry devices, such as those targeted at smart buildings, including LED lighting, HVAC and physical security systems, will take the lead.
An estimated 8.4 billion connected things were in use worldwide in 2017, up 31% percent from 2016, and will reach 20.4 billion by 2020, according to Gartner, Inc., Stamford, Conn. In fact, total spending on endpoints and services reached almost $2 trillion in 2017.
Regionally, Greater China, North America and Western Europe are driving the use of connected things and together represent 67% of the overall Internet of Things (IoT) installed base in 2017.