FRAMINGHAM, Mass. — While the Internet of Things (IoT) continues to evolve and expand, moving from planning to execution, commercial enterprise momentum is growing. According to a new global IoT decision maker survey from International Data Corp. (IDC), 73 percent of respondents have already deployed IoT solutions or plan to deploy in the next 12 months.
IDC’s research shows that the enterprise opportunity is where the IoT potential resides both in terms of spending and the number of endpoints connected. “IoT momentum continues to grow and our survey shows that it is seen as strategic to the enterprise,” said Vernon Turner, senior vice president and research fellow - Internet of Things.
IoT awareness is gaining traction in the retail and manufacturing industries with 56 percent and 53 percent of respondents, respectively, showing high awareness of the IoT. In addition, 58 percent of respondents consider the IoT a strategic initiative, with 24 percent viewing it as transformative. The health care industry leads the field with 72 percent of respondents identifying IoT as strategic, followed by transportation and manufacturing at 67 percent and 66 percent, respectively. Government lags behind in overall awareness and often needs clarification around IoT basics.
Carrie MacGillivray, vice president, IoT & Mobile, said, “With nearly 2,500 survey respondents from 15 countries, including the United States, Brazil, China, India, and Germany, we are able to provide quantifiable evidence that the Internet of Things is a not just a concept, but a real global accelerator.”
Additional findings from IDC’s IoT survey include:
• Similar to last year’s survey findings, security remains a leading challenge, but now upfront and ongoing costs have become the top challenges.
• While considered leaders in the IoT, hardware vendors lost ground in 2015 as software vendors are overtaking equipment vendors.
• IoT processing at the edge of the network (compared to processing back at the enterprise) is a clear requirement and will challenge many IoT architecture designs.
More information on IDC’s 2015 Global IoT Decision Maker Survey is available here.
For more information about IDC, visit www.idc.com.
Publication date: 12/7/2015