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The 2019 State of IOT Report

The 2019 State of IOT Report

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SUMMARY

This report finds that successful Internet of Things development can help a company’s return on investment, workforce efficiency, and manufacturing optimization.

Which industries will benefit the most from digital services? Respondents working in the technology, manufacturing, healthcare or energy-related industries are forecasted to gain $1 million from IoT products. Although there are many value points with IoT, respondents mainly used IoT for remote monitoring, preventative measures, and asset monitoring.

What are the challenges for developing IoT software, services, and products? At 55%, the most common challenge for companies is debugging healthy devices, followed by 40% of respondents claiming to deliver software updates, and 36% listed challenges reducing bandwidth consumption. There are multiple complexities when developing digital platforms. The IoT development process is difficult because interacting with embedded hardware and managing updates to endpoints is constantly more challenging than storing data.

To quickly prototype an idea, the majority (57%) of respondents reported that they bought IoT hardware when first beginning a new digital project. With this in mind, a strong IoT infrastructure that supports embedded hardware can promote rapid prototype production.   

The use of digital devices is expanding. While the number of IoT devices increases in urban areas, digital technology can be found in remote areas around the world. Companies can start their IoT journey and avoid the development challenges by partnering with strong technical IoT partners.

DETAILS

Overview

Researchfinder Rating
3 out of 5 stars
Title
The 2019 State of IOT Report
Region
Global
Published
June 30, 2019
Publisher
Particle
Price
FREE
Language
ENGLISH

Content

Number of Pages
11
Number of Tables
0
Number of Exhibits
4
Topics
iot
Tags
agriculture, energy, healthcare, Industrial IoT, iot, iot adoption, manufacturing
Methodology
Analysts interviewed over 800 industry leaders to answer questions about the economic potential and integration challenges associated with the Internet of Things.
EVALUATION

This report concisely notes the challenges and benefits of developing the Internet of Things projects

The visual design is pleasing to the eye. However, readers may look for more dense reports for specific case studies about developing IoT services.

Positives

  • Beautifully designed
  • Written clearly

Negatives

  • Lacks depth

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