Internet of Things to Hit the Mainstream by 2020

According to a recent forecast by market research firm Gartner, our homes will become a whole lot smarter over the next few years. Gartner expects the so-called Internet of Things to break through to the mainstream, predicting the number of smart objects in use worldwide to reach 25 billion by 2020.

The Internet of Things covers a wide range of products: from consumer products such as Nest's smart thermostats (Nest was recently acquired by Google for $3.2 billion) to intelligent street lighting that could help governments save energy - the potential for connected objects is basically limitless. Gartner expects a certain degree of connectivity to become the standard for everyday products, meaning that smartphones might soon become even smarter, as they turn into a remote control for everything from refrigerators to lamps and washing machines.

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This chart shows the estimated number of smart connected things in use wordwide.

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Number of connected Internet of Things (IoT) devices worldwide from 2024 to 2035 (in billions)
Number of Internet of Things (IoT) connections worldwide from 2022 to 2023, with forecasts from 2024 to 2034 (in billions)
Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2034, by vertical (in millions)
Internet of Things (IoT) total annual revenue worldwide from 2020 to 2034 (in billion U.S. dollars)
Number of Internet of Things (IoT) connected devices worldwide from 2019 to 2034, by use case (in millions)
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Number of households with smart home products and services in use worldwide from 2017 to 2027 (in millions)

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