New Omdia research finds enterprises are turning to 5G for their IoT needs

London, 14 July 2022 – Enterprises are not only increasing their IoT spending and their deployment of devices but are doing so because IoT projects are meeting or exceeding return on investment (ROI) expectations according to the latest Omdia Internet of Things (IoT) Enterprise Survey. Omdia surveyed approximately 500 enterprises across countries that are deploying or are in the process of rolling out IoT solutions and found that over 90% of enterprises said their IoT projects have met or exceeded expectations.

“Both IoT and 5G have been derided as overpromising and underdelivering,” says John Canali, IoT principal analyst, Omdia, “yet the IoT market is still developing and 5G technology is still evolving. While sometimes outrageous proofs of concept are touted for headlines, our survey results are clear: enterprises are embracing IoT and 5G is emerging as the preferred type of connectivity.”       

Omdia’s survey results are positive for players across the IoT value chain. Communications service providers will likely see growth in high-bandwidth, high-value connections as 66% of enterprises are using or plan to use 5G connections while 53% of enterprises are using or plan on deploying new connections using LTE. The responses were similarly encouraging for growth in low-bandwidth connectivity such as NB-IoT and LoRaWAN.

“For enterprises, IoT solutions do not come without hurdles. Security, privacy, and complexity continue to be the three greatest pain points for enterprises. These issues all present opportunities for systems integrators (SIs), cloud providers, hardware vendors, component suppliers, and various other IoT vendors.” 

In spite of the current economic climate and uncertainty around inflation, Omdia believes that enterprises will increasingly look to IoT solutions to address emerging enterprise needs including managing their supply chain or meeting environmental, social, and corporate governance goals (ESGs).

To learn more about the survey results from Omdia’s fourth annual IoT Enterprise Survey, please click here.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Blackline Safety sets new standard in connected worker safety with launch of G6

Posted on: September 26, 2022

San Diego, United States – Blackline Safety Corp., a global provider in connected safety technology, continues to trailblaze in the industrial worker safety market with the launch of a new connected wearable to transform single-gas detection. The all-new G6 personal gas detector – unveiled at the National Safety Council (NSC) Safety Congress & Expo in San Diego

Read more

Senet expands public LoRaWAN network across New York

Posted on: September 26, 2022

Portsmouth, United States – Senet, Inc., a provider of cloud-based software and services platforms that enable global connectivity and on-demand network build-outs for the Internet of Things (IoT) announced it is has expanded the build out of its public LoRaWAN network across all five boroughs of New York City. Through the combined operation of Senet’s

Read more
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, home automation using iot 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

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox