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Internet of Things (IoT): Technology, Outlook & Significance 2017

Internet of Things (IoT): Technology, Outlook & Significance 2017

Internet of Things (IoT): Technology, Outlook & Significance 2017

Summary

GlobalData’s Internet of Things (IoT): Technology, Outlook & Significance 2017, report analyzes industry opinion on the implementation status of IoT technology or platform, and the challenges of adopting IoT solutions over the next two years. This report also examines executive opinions with regards to technology solutions needed for the implementation of IoT, and business advantages through IoT solutions. This report provides information about projected investment in IoT solutions over the next two years and key industries that are likely to implement IoT solutions within their organizations. Additionally, the report provides information categorized by region and turnover.

Survey results reveal that the majority of executives indicated that they are aware about IoT and it is applicable for them. Wi-Fi, mobile computing, and network sensors are crucial for organizations to implement IoT. Executives highlighted that only minor improvement is required in the security program to handle the adoption of IoT, rather than a major overhaul. Deployment of IoT solutions is also helping organizations to track the delivery, inventory, and personnel and infrastructure management. Business benefits such as process automation, profitability enhancement and optimum utilization of workforce is also being achieved by deployment of IoT solutions. Moreover, organizations expect security concerns and privacy issues to pose challenges to the implementation of IoT solutions over the next three years.

What else does this report offer?

  • Level of Understanding: examines prevailing understanding of IoT solutions globally
  • IoT solutions and organizational objectives: determines goals which organizations intend to achieve through deployment of IoT solutions
  • Potential business gains using IoT solutions: ascertains business benefits that organizations are aiming to achieve through IoT solutions
  • Potential business gains using IoT solutions: ascertains business benefits that organizations are aiming to achieve through IoT solutions
  • Investments in IoT solutions: highlights projected investments in IoT solutions over the next two years
  • Potential business gains using IoT solutions: ascertains business benefits that organizations are aiming to achieve through IoT solutions
Scope
  • Maximum number of organizations are targeting efficient tracking of delivery, inventory and personnel through the deployment of IoT solutions
  • The majority of executives with business operations in the Rest of the World anticipate IoT solutions will improve optimum utilization of workforce
  • Logistics, and manufacturing are expected to record significant implementation of IoT over the next two years
  • Overall, 37% of respondents who operate in Asia-Pacific project planned investment of US$50,000-US$249,999 on IoT solutions over the next two years
  • The majority of executives from Asia-Pacific expect interoperability concerns as the biggest challenge to implementing IoT solutions.
Reasons to buy
  • The report provides information about technology solutions needed for the implementation of IoT projects, and allows readers to make effective business decisions
  • The report helps readers to strengthen strategic framework by understanding the business benefits to be achieved through IoT solutions
  • Suppliers will be provided information about challenges anticipated by organizations regarding the implementation of IoT solutions over the next two years
  • The report highlights projected investment on IoT solutions over the next two years. This will help organizations to allocate budget towards IoT implementation and business expansion
  • The report helps executives plan their adoption of IoT solutions by providing expected timeframes for implementation.


  • Introduction
    • Definitions and abbreviations
    • Methodology and sample size
    • Respondent profile
  • Implementation and Understanding
    • The majority of organizations are familiar with IoT and it is applicable to them
    • The majority of executives across large and small companies were familiar with IoT and its use within their organizations
      • Executives who operate in Asia-Pacific indicated highest percentage of IoT technology implementation within their organizations
    • The majority of executives who operate in Europe don’t know when they will deploy an IoT solution within their organizations
    • Overall, 50% of executives from large companies highlighted that their organizations are likely to implement IoT solutions over the next two years
    • Wi-Fi, mobile computing, and network sensors are crucial for organizations to implement IoT
    • The highest percentage of executives who operate in Europe view Wi-Fi as a primary facilitator in adopting IoT within organizations
    • Use of mobile computing for supporting IoT in organizations is rated more important by large companies compared to small companies
    • The highest percentage of executives indicate that no major change is required in the security program handling the implementation of IoT
    • The incapability of existing security programs to manage the implementation of IoT is highlighted more by small companies compared to large companies
    • The largest proportion of organizations are targeting efficient tracking of delivery, inventory, and personnel through the deployment of IoT solutions
    • The majority of executives who operate in the Rest of the World highlight efficient tracking of delivery, inventory, and personnel as a significant objective
    • Medium-sized companies are looking to enhance their asset utilization through the adoption of IoT solutions
    • The majority of organizations expect IoT solutions to improve process automation and profitability
    • The majority of executives with business operations in the Rest of the World anticipate IoT solutions will improve optimum utilization of the workforce
    • The highest percentage of large companies anticipate optimum utilization of the workforce as one of the biggest business benefit by deployment of IoT solutions
    • The logistics and manufacturing sectors are expected to record significant implementation of IoT over the next two years
    • The majority of respondents who operate in Asia-Pacific anticipate the highest implementation of IoT in the manufacturing industry in the next two years
    • Large automotive companies are keen to deploy IoT solutions compared to medium-sized companies
    • Overall, 37% of respondents who operate in Asia-Pacific are planning to invest US$50,000-US$249,999 in IoT solutions over the next two years
      • Table How much is your organization planning to invest on IoT solutions over the next two years? (Analysis of overall and
    • In total, 17% of executives from medium-sized companies expect planned expenditure on IoT solutions of US$1-4.99 million during the next two years
    • Organizations expect security concerns and privacy issues to pose challenges to the implementation of IoT solutions over the next three years
    • The majority of executives from Asia-Pacific expect interoperability concerns as the biggest challenge to implementing IoT solutions
    • Small companies are more concerned about security and privacy issues associated with the future implementation of IoT solutions, compared to large companies

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