current state and future outlook of the iot market · most publicly known enterprise iot projects...
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Current state and future outlook of the IoT market
IoT Analytics - 6 June 2018
The IoT market is growing at a steady rate, but maturing slower than expected…
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• Many promising projects, but most still in pilot or PoC phase -> Limited real-life success stories
• Newly developed technologies, still evolving-> Low degree of maturity
• General lack of industry-wide standards or architectures-> Significant integration costs and interoperability issues
• Industries’ mindset and organizational structure not changed -> Often not ready for IoT
IoT market maturityToday, we are somewhere HERE
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A few issues to solve before the market can definitively take off…
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The 4 big IoT adoption barriers
Missing interoperability
Security issues
Unsolved privacy & data ownership
Limited/unpredictable ROI for use cases
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We believe the inflection point is around 2020
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700
600
800
1,000
900
0
200
400
300
100
500
Global IoT Market in $B
20222020 20212017 20242018 2019 2023
37%
692
196
263
493
357
109
34%
39%
978
146
Inflection point
Source: IoT Analytics Research
Most publicly known Enterprise IoT projects in Smart City
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1Analysis based on 1,600 publicly known enterprise IoT projects (Not including Consumer IoT Projects, e.g. Wearables, Smart Home)
2 Trend based on comparison with % of IoT Projects in the 2016 IoT Analytics Enterprise IoT Project List. A downward arrow means the relative share of all projects has declined, not the overall number of projects.
Source: IoT Analytics, January 2018
IoT Platforms• 450+ IoT platforms by June 2017• Horizontal cloud platforms emerging as the early winners• Complete tech stack offering and the ability to scale quickly
currently outweighs domain expertise
Low-Power Wide-Area Networks• LoRa current market leader, Sigfox falling behind• NB-IoT and LTE-M roll-outs set to accelerate LPWAN adoption
Edge Analytics• Intel, Cisco, IBM, HP, Dell aggressively investing in it• Moving towards an hybrid edge+cloud intelligence model
Artificial Intelligence • AI investments at record levels – both in IoT and non-IoT fields• Google at the forefront (e.g. driverless car, chess computer)
5G• 5G getting standardized• Companies already testing 5G capabilities
Some major trends we are currently monitoring in IoT:
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We continue to monitor IoT from various angles
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More info: www.iot-analytics.com
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vedRecent publications Date
List of 1,600 Enterprise IoT Projects January 2018
Smart Home Market Tracker 2017 December 2017
State of the IoT 2017 Market Report December 2017
Our focus areas:
IoT in general
Industrial IoT
IoT Connectivity
IoT Platforms
IoT Security
Smart Cities
Smart Home
Upcoming reports Est. Date
IoT Platforms Market Report 2018 Q2 2018
Street Lighting Report 2018 Q2 2018
LPWAN Market Report 2018 Q2 2018
Industrie 4.0 Market Report Q2 2018
→ Our research agenda includes also topics like Blockchain in IoT, Analytics&AI, Supply Chain and more…
IoT Analytics GmbHMarket Insights for the Internet of Things
Zirkusweg 2 (Astraturm, 6. OG)20359 HamburgGermany
[email protected]+49 40 63911891http://iot-analytics.com