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IDC FutureScape: Worldwide IoT 2018 Predictions

IDC FutureScape: Worldwide IoT 2018 Predictions

This IDC study provides our global IoT team's assessment of the continued maturation of the Internet of Things and the issues that you and your organization should consider in the short term and longer term as you enter 2018."The Internet of Things is moving from proof of concept to reality with customers in leading industries now taking advantage of skills and products being brought together by IT services and technology companies," says Vernon Turner, senior vice president of Enterprise Systems and IDC Fellow for the Internet of Things. "Our global IoT team has also thoughtfully looked at adjacent technologies to IoT that will shape this market within the next three years — these include 5G, blockchain, IoT platforms, and analytics."

Please Note: Extended description available upon request.


IDC FutureScape Figure
Executive Summary
IDC FutureScape Predictions
Summary of External Drivers
Predictions: Impact on Technology Buyers
Prediction 1: By 2020, the Potential Cybersecurity and Physical Safety Concerns Associated with IoT Devices Will Pressure CIOs at G2000 Companies to Increase IoT Security Spending by up to 25%, Temporarily Neutralizing Business Productivity Gains
Associated Drivers
IT Impact
Guidance
Prediction 2: By 2020, up to 10% of Pilot and Production Blockchain Distributed Ledgers Will Incorporate IoT Sensors
Associated Drivers
IT Impact
Guidance
Prediction 3: By 2020, 50% of All New Operating Assets Will Be Self-Sustaining
Associated Drivers
IT Impact
Guidance
Prediction 4: By 2020, 30% of G2000 Companies Will Be Using Data from Digital Twins of IoT-Connected Products and Assets to Improve Product Innovation Success Rates and Organizational Productivity, Achieving Gains of Up to 25%
Associated Drivers
IT Impact
Guidance
Prediction 5: Over the Next Three Years, at Least $3.1 Billion of IT Consulting Services and $11.2 Billion of Systems Integration Services Will Be Consumed Worldwide for Building and Implementing IoT Solutions
Associated Drivers
IT Impact
Guidance
Prediction 6: By the End of 2020, Close to 50% of New IoT Applications Built by Enterprises Will Leverage an IoT Platform That Offers Outcome-Focused Functionality Based on Comprehensive Analytics Capabilities
Associated Drivers
IT Impact
Guidance
Prediction 7: By 2020, IT Spend on Edge Infrastructure Will Reach up to 18% of the Total Spend on IoT Infrastructure, Driven by Deployments of Converged IT/OT Systems That Reduce the Time to Value of Data Collected from Their Connected Devices
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2021, 5G's Broad Enablement of IoT Use Cases Will Drive 70% of G2000 Companies to Spend $1.2 Billion on Connectivity Management Solutions
Associated Drivers
IT Impact
Guidance
Prediction 9: By 2021, 75% of Enterprises with a Positive IoT ROI Will Use Tactical Analytics Applications to Reduce Operating Costs, But the 25% That Successfully Invest Strategically in a Decision Architecture Will Increase Their Revenue Share
Associated Drivers
IT Impact
Guidance
Prediction 10: By 2021, Over 85% (or $1 Trillion) of Enterprise IoT Project Investments Will Be Built on Net-New Technology Spending
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
External Drivers: Detail
Accelerating DX — Technology-Centric Transformation Altering Business and Society
Platform Disruption — Unleashing Digital Innovation's Power for Scale
Pace of Change — Technology Capabilities Enable Sustainable Change at the Speed of Digital Business
Sense, Compute, Actuate — The New Data-Centric Paradigm
Cyberthreats — Theft, Ransom, and Cyberattack on the Rise
The Future Workforce — Global Demand for Digital Talent
Innovation Impasse — Legacy Systems Constraining Transformation
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