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. Privacy Policy. 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. By clicking the "Continue" button, you are agreeing to the With the wide adoption use of IoT, various IoT-enabling technologies are evolving. To learn more, visit our Privacy Policy. The “internet of things” (IoT) is the most over-hyped technology in development today, according to tech analysts Gartner. 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. This report looks at how far your peers have come with IoT, and the budget and financial requirements for new IoT adopters. Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management. This Hype Cycle outlines the key areas that enterprises should evaluate as they accelerate their IoT initiatives. Gartner clients can read more in the report “Scenarios for the IoT Marketplace, 2019.”. 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. 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. 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. Gartner Terms of Use Securing — IoT security. North America and Greater China Have the Biggest Market for Endpoint Electronics Revenue. In the second part I will address the special case of analysts specializing in IoT Platforms. IT executives rely on these events to gain insight into how their organizations can use IT to overcome business challenges and improve operational efficiency. and Security and risk management leaders need to ensure data privacy in their IoT strategy. —————- • In total 18 IoT platforms made it into the Gartner magic quadrant report. Gartner analysts on why blockchain, augmented intelligence, IoT and machine learning top the list of technologies CIOs should experiment with in 2020. Navigate the challenges and complexities of IoT with this research. “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 … Gartner has observed the following changes in the market and user behavior since the last Magic Quadrant for Industrial IoT Platforms. We use cookies to deliver the best possible experience on our website. Gartner's global research organization offers the combined brainpower of 2,000+ research analysts and consultants who advise executives in 100+ countries every day. • There are zero Leaders or Challengers highlighting the early stage of the market. “Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities,” said Peter Middleton, senior research director at Gartner. IoT devices generate an unprecedented amount of data, which often includes personal data. | Gartner, IoT, Gartner forecasts that the enterprise and automotive Internet of Things (IoT… Leaders perform skillfully and … 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 … The security approach which Gartner advocates is CARTA (Continuous Adaptive Risk and Trust Assessment). 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). Organizations implementing IoT are increasingly focusing on the business outcomes of the technology. 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. “Overall, end users will need to prepare to address an environment where the business units will increasingly buy IoT-enabled assets without policies for support, data ownership or integration into existing business applications,” said Alfonso Velosa, research vice president at Gartner. All rights reserved. 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. Use Gartner research and insights to create and deploy stronger action plans and detailed decisions required for IoT strategy success. Learn more about how we can help you achieve your mission-critical priorities. Internet of Things is among the most-hyped technologies that could reshape the way companies operate. 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