International. As the Internet of Things (IoT) continues to evolve and expand, moving from planning to execution, business dynamics are growing. According to a new global IoT survey from International Data Corp. (IDC), 73% of respondents have already implemented IoT solutions or plan to implement them in the next twelve months.
IDC research shows that the business opportunity is where the IoT potential lies both in terms of spend and the number of connected endpoints. "IoT momentum continues to grow and our study shows that it is seen as strategic for 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% and 53% of respondents, respectively, showing high awareness of IoT. In addition, 58% of respondents consider IoT a strategic initiative, with 24% seeing it as transformative.
The healthcare industry leads the field with 72% of respondents identifying IoT as strategic, followed by transportation and manufacturing with 67% and 66%, respectively. Government lags behind in global consciousness and often needs clarification around basic IoT concepts.
Carrie MacGillivray, Vice President of IoT & Mobile, said: "With nearly 2,500 respondents from 15 countries, including the United States, Brazil, China, India and Germany, they are able to provide quantifiable evidence that the Internet of Things is not just a concept, but a true global accelerator."
