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IDC FutureScape: Worldwide IoT 2019 Predictions

IDC FutureScape: Worldwide IoT 2019 Predictions

This IDC study provides details behind IDC's top 10 predictions for IoT for 2019 and beyond."The next chapter of IoT is just beginning as we see a shift from digitally enabling the physical to automating and augmenting the human experience with a connected world," says Carrie MacGillivray, group vice president, IoT and Mobility. "Our IoT team continues to keep a pulse on the latest market developments to help inform enterprise decision makers as they look to use the audible, visual, tactile, environmental, and contextual inputs that IoT provides to digitally transform their business."

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: Over 50% of G2000 Companies Will Have Modernized and IoT Enabled Their Industrial Control Systems by 2021 Without Addressing Cybersecurity or Public Safety Concerns, Prompting Regulators to Legislate
Associated Drivers
IT Impact
Guidance
Prediction 2: By 2024, 50% of Manufacturers Will Network Related Product and Asset Digital Twins into Digital Twin Ecosystems for a Systems-Level View of Their Business and 5% Reduction in Cost of Quality
Associated Drivers
IT Impact
Guidance
Prediction 3: Despite Supply Chain Complexity Hindering Innovation, 50% of Manufacturers Will Have Implemented Predictive Field Services Across Connected Assets to Improve Delivery Speed and Customer Value by 2024
Associated Drivers
IT Impact
Guidance
Prediction 4: By 2020, the Success Rate of AI Implementations in IoT Will Have Reached 90%, with the Major Factor Behind this Success Being Collaboration Between Data Scientist and Engineering Teams
Associated Drivers
IT Impact
Guidance
Prediction 5: By 2020, Over 30% of IoT Initiatives Worldwide Will Fail to Demonstrate a Clear ROI, with Organizations Lacking the Necessary KPIs to Monitor Progress from the Early Stages of Such Projects
Associated Drivers
IT Impact
Guidance
Prediction 6: With 40% of Initial IoT Data Analysis Occurring at the Edge by 2022, Organizations Will Invest More in Gateways to Aggregate and Analyze Edge Data, Especially in the Context of IT, OT, and CT Systems
Associated Drivers
IT Impact
Guidance
Prediction 7: In 2019, Blockchain's Limitations in Processing Vast Numbers of IoT Transactions in Real Time Will Limit IoT Integration into Blockchain and Thus IoT-Related Spend to 5% of Overall Blockchain Spend
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2020, 70% of Organizations Will Leverage Commercial IoT Platforms to Develop and Deploy IoT Applications, and More than 50% Will Have Multivendor IoT Platform Environments
Associated Drivers
IT Impact
Guidance
Prediction 9: By 2021, 45% of Video Surveillance Content Will Be Used to Provide Context to Data from IoT Endpoints in Public Safety Scenarios and in Transportation Hub and Campus Monitoring, Among Others
Associated Drivers
IT Impact
Guidance
Prediction 10: By 2022, Problems Aggregating and Rationalizing Sensor Data into Actionable Insight Will Have Forced 20% of Large Manufacturers to Insist on OEM Data Being Reconciled in IoT Data Exchanges
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
External Drivers: Detail
Next Chapter of DX — Technology-Driven Transformation Altering Business and Society
The Race to Innovate — Speed of Change, Delivery, and Operations Separates Thrivers and Survivors
Platforms, Platforms, Platforms — Industry Competes for Innovation at Scale
Sense, Compute, Actuate — Turning Data into Value
Cyber Insecurity — Theft, Cyberattack, and Negligence Create a Crisis of Digital Trust
Reimagining the Material World — Revolutionized Processes Expand Technology Reach
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