STOCKHOLM, Aug. 14, 2019 /PRNewswire/ -- Enterprises in the Nordic countries see the rollout of 5G mobile services, with their faster networking speeds, as a catalyst for the broader adoption of Internet of Things (IoT) solutions, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2019 ISG Provider Lens™ IoT — Transformational Services, Technology, Solutions, Platforms and Industries Report for the Nordics sees the IoT gaining momentum in the Nordic region, with the technology being deployed or tested in the manufacturing, healthcare, smart buildings and connected car industries.
"The IoT will help enterprises in these and other industries save money, make better business decisions, create operational efficiencies and improve their processes," said Barry Matthews, partner and head of ISG North Europe. "Consumers will benefit from the enhanced user experiences enabled by the IoT, which in turn will drive new revenue streams for Nordic businesses."
The launch of 5G technologies will open up a range of new use cases for the IoT in the Nordics, the report says. Leading telecom companies in the region also are ramping up their Narrowband IoT (NB-IoT) deployments, which allows users to transmit a small amount of data from multiple devices. NB-IoT consumes little power, enables long battery life and can address several connectivity needs, the report notes.
Governments in Denmark, Finland, Iceland, Norway and Sweden are eager to adopt the IoT and other technologies as a way to improve the lives of citizens, the report adds. In particular, governments in the region are collaborating through the Nordic Smart City Network, which helps them create best practices for smart city projects and urban development. Cybersecurity remains of paramount concern, the report notes, with the governments of Norway, Sweden and Finland, in particular, planning to invest in national security infrastructures to prevent cyberattacks.
Nordic enterprises, meanwhile, are looking for the right partners to ensure successful IoT deployments. Enterprises in the region are investing heavily in IoT projects, and they want vendors that can help them with the technical details and with strategies for entering the IoT market to achieve commercial success. Enterprise customers are looking at the IoT as a platform for change that will help the region become more connected and improve collaboration, the report says.
The report sees connected vehicles and smart buildings as the next big growth areas for the IoT in the Nordic region. Growth in the connected vehicles segment will be driven by usage-based insurance, vehicle diagnostics and vehicle-based computing platforms, the report says. Interest also is growing in intelligence transportation systems.
In the smart buildings space, the focus is on automation and security, with interest in using the technology in both commercial and residential buildings. IoT service providers should look for ways to integrate smart buildings and homes with the surrounding infrastructure to create smart cities, the report recommends.
The 2019 ISG Provider Lens IoT — Transformational Services, Technology, Solutions, Platforms and Industries Report for the Nordics evaluates the capabilities of 19 providers across five quadrants: Consulting and Services, Managed Solutions and Services, Connected Cars, Manufacturing, and Smart Buildings and Infrastructure.
The report names Wipro as a leader in all five quadrants, while Atos, Capgemini, Cognizant and HCL are leaders in three. Infosys was named a leader in two, and Harman and Tele2 were named leaders in one.
The 2019 ISG Provider Lens IoT — Transformational Services, Technology, Solutions, Platforms and Industries Report for the Nordics is available to ISG Insights™ subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, the U.K., the Nordics and Brazil, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
The series is a complement to the ISG Provider Lens Archetype reports, which offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com.
SOURCE Information Services Group, Inc.