Current State of the Internet of Things (IoT) Survey Report 2021-2022: Tactical Issues of a Deployment are Most Challenging / Expanding Universe of Benefits Propel Growth of IoT

DUBLIN, April 4, 2022 /PRNewswire/ -- The "The Current State of the Internet of Things: Poised for Growth and Expansion in 2022-2023, Organizations are Concerned with Functionality" report has been added to ResearchAndMarkets.com's offering.

Internet of Things (IoT) technologies are fast becoming essential business tools and key parts of digital transformation for many organizations. IoT deployments are well suited, across the range of potential configurations and applications, to dovetail with efforts to achieve top reported business priorities.

The analyst conducted a survey with 545 IT and Business Decision makers responsible for IoT-related purchases from October to November 2021, representing a range of industries, organization sizes, and global regions.

The results demonstrate that many enterprises recognize security and data protection as paramount, but some sectors and geographies feel less challenged - either because they underestimate the risk (to their peril) or because they feel adequately prepared. Moreover, on-premises storage will persist (especially in most mature markets).

Many organizations do plan to diversify their IoT storage strategies (with hybrid and multi-cloud options) to cope with the massive amounts of data and compute needs. Relatedly, decision-makers see the nuts-and-bolts tactical issues of implementing and maintaining IoT solutions as the main obstacles, rather than struggling to build a business case.

Consequently, organizations will likely seek service providers for help implementing and maintaining operations. Overall, decision-makers expect that IoT as a percentage of IT spending will grow, but that hardware may continue to consume large portions of budgets in light of supply chain disruptions.

Key Topics Covered:

1. Key Findings

• Business Priorities Fit with IoT Capabilities
• IoT Integration Lurching Towards Ubiquity

2. Research Objectives and Methodology

• Respondent Profile

3. Organizations Consider the Importance of Security in IoT

• Security is a Significant Concern
• Regional Differences in Security/Privacy Outlook

4. Slow Transition to a Cloud Future

• On-premises Storage for IoT Will Persist
• Cloud Planning While On-premises Data Storage Persists

5. Tactical Issues are Top of Mind

• Tactical Issues of a Deployment are Most Challenging
• Expanding Universe of Benefits Propel Growth of IoT

6. Network Reliability a Chief Concern

• Top Requirement is Network Availability
• Wireless Connectivity

7. Hardware Spending Remains High

• Hardware Expenditures Still High, and Holding?

8. Spending Expected to Grow

• Investments Forecast to Grow
• Financial Services Sector Appears Poised for Big Purchases

For more information about this report visit https://www.researchandmarkets.com/r/gbeqle

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SOURCE Research and Markets