Alexandra Rehak, Practice Head, IoT, Omdia
Pablo Tomasi, Senior Analyst, IoT, Omdia
IoT 5.0 – getting ready for the next phase of IoT evolution
In 1Q 2020, Omdia and IoT World Today conducted an online survey of 170 industry leaders from both IoT technology providers and enterprise end customers. The results highlight these organizations’ IoT drivers, challenges, adoption trends, and technology preferences, as well as exploring their views on 5G and AI impact on the IoT ecosystem.
This report discusses the main survey findings and our recommendations for enterprises and industry players
Key findings from the survey include:
- 5G and AI will be transformative for IoT: The most-valued 5G benefits for IoT are ability to support massive device deployment, to deliver ultra-low latency. The most-valued benefit of AI for IoT is increased business and operational agility.
- Automotive and transport, energy and utilities, and manufacturing will benefit most from 5G and AI for IoT: These are the top industries respondents see being most impacted by 5G and AI-enabled IoT solutions by 2025.
- Security is a priority for IoT deployment: Incorporating end-to-end security in IoT solutions roadmap or adoption plans is the main short-term strategic priority for nearly 2/3 of IoT providers, and nearly ½ of enterprise end users. 85% agree that security concerns will be a major barrier to IoT adoption.
- Lack of IoT skills is the most significant barrier to growth: 49% of IoT providers see the enterprises’ lack of IoT skills as the greatest challenge to deploying or scaling IoT projects, while 59% of IoT end customers selected lack of internal IoT expertise as their main challenge.
- Sustainability is increasingly on the radar as an IoT benefit: two-thirds of respondents (66%) say sustainability will be a top-3 driver for IoT innovation over the coming five years.
- The most important boost needed to move IoT to the next phase is more real-life deployment and business case examples: 50% of respondents say these are what’s most needed to drive the IoT market forward. The need for clearer IoT business cases also comes up as one of the top 3 challenges for enterprises and providers.
Omdia view Key survey findings
Industry impact & use Cases
Key challenges
Driving the market forward
COPYRIGHT NOTICE AND DISCLAIMER Omdia is a registered trademark of Informa PLC and/or its affiliates. All other company and product names may be trademarks of their respective owners. Informa PLC registered in England & Wales with number 8860726, registered office and head office 5 Howick Place, London, SW1P 1WG, UK. Copyright © 2020 Omdia. All rights reserved. The Omdia research, data and information referenced herein (the “Omdia Materials”) are the copyrighted property of Informa Tech and its subsidiaries or affiliates (together “Informa Tech”) and represent data, research, opinions or viewpoints published by Informa Tech, and are not representations of fact. The Omdia Materials reflect information and opinions from the original publication date and not from the date of this document. The information and opinions expressed in the Omdia Materials are subject to change without notice and Informa Tech does not have any duty or responsibility to update the Omdia Materials or this publication as a result.
Omdia Materials are delivered on an “as-is” and “as-available” basis. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in Omdia Materials. To the maximum extent permitted by law, Informa Tech and its affiliates, officers, directors, employees and agents, disclaim any liability (including, without limitation, any liability arising from fault or negligence) as to the accuracy or completeness or use of the Omdia Materials. Informa Tech will not, under any circumstance whatsoever, be liable for any trading, investment, commercial or other decisions based on or made in reliance of the Omdia Materials.