IMC launches results of new study into the Internet of Things and M2M communications

The International M2M Council (IMC) has today announced the results of an extensive study into the Internet of Things (IoT) and Machine-to-Machine (M2M) Communications. Over 5,000 OEMs and enterprise users that deploy connected devices participated in what could be the largest quantitative study ever undertaken to understand technology buying patterns for the Internet of Things and Machine-to-Machine Communications.

Just two of the surprising results from the study – conducted by Beecham Research for the IMC – show that buyers of IoT solutions in very diverse markets often share similar profiles, and that they plan large upswings in the number of connections they will deploy in each project.

“This is a pure distillation of IoT buyers – we call them our IMC Adopter Members. The study was designed to screen out responses from companies that sell IoT solutions,” says IMC executive director Keith Kreisher.

Conducted by analyst firm Beecham Research, the study draws data from IMC members in six vertical markets (energy, logistics, healthcare, retail, building & construction, and smart cities), with 32% reporting from Europe, 24% from North America, and 15% from Asia. A report on the study, which includes the additional survey data, is available on the IMC website and on request from the IMC.

Portending well for IoT growth, the buyers polled expect over 14% of their IoT deployments to incorporate more than 250,000 connected devices in the three years’ time, a huge increase on current deployments. The study shows that less than 20% of the IoT projects currently underway involve the deployment of more than 10,000 connected devices, but buyers expect that to increase to 53% in three years.” The study also shows strong movement away from using IoT/M2M technology to simply reduce costs, and towards using these solutions to meet customer requirements and build new revenue streams,” says Kreisher.

A full 49% of respondents self-identified themselves as operational staff, with sales/marketing a distant second at 20%, followed by product design/development, and then IT. “The uniformity between disparate vertical markets was a true revelation,” says Kreisher, “the only market where operations didn’t dominate was retail, but you could say that sales are essentially operations in a retail environment.”

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Infovista announces sQLEAR a ML-based standard for 5G VoNR voice quality testing approved by ITU

Posted on: December 2, 2021

Paris, France. December 2nd, 2021 – Infovista, the global provider of network lifecycle automation (NLA), announced that its sQLEAR machine learning-based algorithm has been approved by ITU for QoE testing of mobile all-IP voice services, including Voice over LTE (VoLTE), Voice over New Radio (VoNR) and OTT voice.

Read more

Infineon’s AIRO cloud connectivity manager supports the AWS IoT expressLink

Posted on: December 2, 2021

Munich, Germany, and San Jose, California. 30 November 2021 – Infineon Technologies AG announced the company’s new AIROC IFW56810 Cloud Connectivity Manager (CCM) solution supports the AWS IoT ExpressLink standards and specifications. This combined offering makes it easier and faster for companies and end customers to connect products such as industrial sensors, home appliances, irrigation systems

Read more