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. 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. Understanding — IoT data and analytics. 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. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. North America and Greater China Have the Biggest Market for Endpoint Electronics Revenue. 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. The delay followed news that analysts Dave Russell and Pushan Rinnen were leaving to join vendors. 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. 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. 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 […] 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”. MachNation says Cumulocity IoT is “both faster and less complex” in platform deployment and maintenance and … This report looks at how far your peers have come with IoT, and the budget and financial requirements for new IoT adopters. ), industrial IoT (utilities, transportation, manufacturing, etc.) Adopting IoT solutions and achieving business outcomes is complex. Communicating — IoT communications. CSCOs can use the lessons from this research to build stronger supply chains, improve patient outcomes and control costs. In the second part I will address the special case of analysts specializing in IoT Platforms. With the wide adoption use of IoT, various IoT-enabling technologies are evolving. 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. We use cookies to deliver the best possible experience on our website. Gartner, Inc. today highlighted the top strategic Internet of Things (IoT) technology trends* that will drive digital business innovation from 2018 through 2023. • There are zero Leaders or Challengers highlighting the early stage of the market. 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 … 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. and the automotive markets. We are in steady contact with 60,000 clients, representing 15,000 distinct organizations worldwide. Use Gartner research and insights to create and deploy stronger action plans and detailed decisions required for IoT strategy success. Gartner helps you understand how you can ensure data security and privacy compliance. IoT is a set of individual markets and verticals. 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. Gartner Terms of Use Worldwide spending on Internet of Things security will hit $1.5 billion in 2018, a 28 per cent increase from 2017, according to a new report from Gartner. The security approach which Gartner advocates is CARTA (Continuous Adaptive Risk and Trust Assessment). Software AG's Cumulocity IoT is ranked a Leader for the 6th straight year in the MachNation IoT Application Enablement Scorecard. Gartner analysts on why blockchain, augmented intelligence, IoT and machine learning top the list of technologies CIOs should experiment with in 2020. 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. As the leading manufacturers are making a paradigm shift towards IoT, the utilities market is expected to be the highest user of IoT endpoints. We use cookies to deliver the best possible experience on our website. Learn the latest IoT technical disruptions in 5 key areas: Security, artificial intelligence, data and analytics, communications and endpoint technology. Gartner Terms of Use Organizations with high levels of IoT maturity achieve higher rates of success in their IoT adoption.Â. Organizations lacking experience in adopting IoT-based digital technologies need a well-defined IoT strategy and a set metric to measure success. This report shares key predictions to help IT leaders plan for a smooth implementation of IoT solutions. “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 … 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. IoT solutions have moved beyond the hype to deliver real business benefits. The “internet of things” (IoT) is the most over-hyped technology in development today, according to tech analysts Gartner. By clicking the "Submit" button, you are agreeing to the By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. IoT leaders must develop a clear understanding of the enterprise’s business objectives and the CEO’s strategic imperatives. 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. Follow news and updates from the events on Twitter using #GartnerSYM. This is why hyperautomation as defined by Gartner is important when building IoT solutions. This year marks a … Analysts: Sanjit Ganguli, Ted Friedman. Privacy Policy. This is … To learn more, visit our Privacy Policy. Gartner Terms of Use —————- • In total 18 IoT platforms made it into the Gartner magic quadrant report. Questions about becoming a Gartner client? IoT devices generate an unprecedented amount of data, which often includes personal data. 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. The duo were the mainstays of the Gartner team covering data backup. IoT initiatives are no longer driven by the sole purpose of internal operational improvement. 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. 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. “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. 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. Privacy Policy. Privacy Policy. By clicking the "Begin Download" button, you are agreeing to the 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 … “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.”. Leaders perform skillfully and … Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management, Scenarios for the IoT Marketplace, 2019.”.  “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. 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. IoT evolution and how it impacts your business IoT solutions have moved beyond the hype to deliver real business benefits. Gartner tracks commercial IoT (healthcare, smart buildings, smart cities, retail, agriculture, etc. 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. Master your role, transform your business and tap into an unsurpassed peer network through our world-leading virtual and in-person conference series. 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