TIWN
![Enterprise, automotive IoT endpoints to hit 5.8bn by 2020 Enterprise, automotive IoT endpoints to hit 5.8bn by 2020](http://tripurainfoway.com/viewimage.php?src=http://tripurainfoway.com/news_pic/2019/1-1567083187.jpg&w=567)
London, Aug 30 (TIWN) The enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020 -- a 21 per cent increase from 2019 -- Gartner said on Thursday.
By the end of 2019, 4.8 billion endpoints are expected to be in use -- up 21.5 per cent from 2018. Utilities will be the highest user of IoT endpoints, totaling 1.17 billion endpoints in 2019, and increasing 17 per cent in 2020 to reach 1.37 billion endpoints. "Electricity smart metering, both residential and commercial will boost the adoption of IoT among utilities," said Peter Middleton, Senior Research Director at Gartner. "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," Middleton added.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector