IoT adoption has increased multi-fold over the last few years and is expected to continue to grow. The IoT services market is expected to be worth US$22 billion by 2021,
as the number of IoT devices across the globe crosses the 30 billion mark. Enterprises are witnessing positive returns from their investments in IoT pilots and
Proofs-Of-Concept (POCs). Many of them have shifted gears and are now exploring use cases beyond gaining operational efficiency and cost savings.
As IoT adoption gathers steam, we are witnessing a large number of players enter the market. More competition fuels innovation and competitive bids that will benefit
the enterprises; however, this trend also raises some serious concerns. Multiple service providers are developing different solutions for similar use cases using
varying connectivity protocols, deploying infrastructure on different cloud platforms, and managing data through different models. These factors make IoT adoption
a complex process, and we believe the rise in complexity stands in the way of IoT adoption in the future.
In this research, we look at how the market is growing, the existing complexity challenges plaguing enterprises, case studies where enterprises have overcome
these challenges, drivers of the rising complexity in the IoT ecosystem, and how enterprises and service providers can hit the ground running to tackle this
complexity conundrum.
This report will cover the following:
IoT services market trends
Adoption maturity across industries
Key challenges of IoT adoption
Enterprise case studies addressing complexity
Drivers of future IoT ecosystem complexity
Imperatives for enterprises and IoT service providers
