Enterprises Boost IoT Spending, Seek Returns

- Advertisement -

Omdia’s survey shows a rise in enterprise IoT investments, with 70% eyeing 5G and 90% adopting eSIM/iSIM, despite deployment challenges and competition.

(Credit: iotbusinessnews)

Omdia IoT enterprise survey indicates a robust uptick in enterprise spending on IoT (Internet of Things) solutions. Companies are now banking on witnessing tangible returns on these investments within two years post-deployment.

The IoT solutions are being heralded as the linchpin of many enterprise digital transformation agendas. From enhancing productivity and trimming down costs to furthering environmental sustainability objectives, IoT is proving its mettle. John Canali, IoT Principal Analyst at Omdia, observed, “Despite some tech behemoths dialling down on IoT, enterprises are doubling down and reaping impressive outcomes.” He highlighted the enterprises’ proactive stance in integrating emerging tech like 5G, eSIM/iSIM, and fixed wireless access (FWA).

- Advertisement -

 The survey unveils that while 4G (LTE) still holds significant traction, 70% of enterprises have 5G on their radar. Furthermore, the adoption curve for eSIM/iSIM technology looks promising, with about 90% of businesses anticipated to integrate it in the coming two years. This shift will grant enterprises better control over cost management and equip them with the leverage to renegotiate connectivity rates.

 However, the surge in IoT solutions does signal burgeoning competition. As the intricacies of IoT deployment demand an assortment of skills, enterprises find themselves leaning heavily on vendors and partners. A notable segment acknowledges the internal challenge of amassing the requisite resources and competencies.

Andrew Brown, IoT Practice Lead at Omdia, chimed in on the matter. He emphasised the myriad opportunities spanning hardware, software, and services but cautioned on the security front. “For vendors, it’s paramount not just to bring secure offerings to the table but to weave them into broader solutions seamlessly. Those lagging in this aspect risk being sidelined in this booming market,” Brown remarked. 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Crompton Greaves Starts Kitchen Appliance Manufacturing In Vadodara

0
This move aims to boost product quality and operational efficiency, enhancing the delivery of innovative, high-quality kitchen solutions to meet growing consumer demands. Crompton Greaves...

Advancing  Manufacturing Sector With New Refrigerator Plant

0
By incorporating advanced backward integration processes, this plant sets to redefine industry standards, promising improved efficiency and reduced environmental impact, while also boosting local...

Buzz

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

New EV Policy Offers Incentives For Plant And Machinery Investments

0
Investments in creating physical infrastructure such as plants, machinery, charging stations, and other assets developed or acquired by companies will qualify for incentives under...

Important Sectors

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

New EV Policy Offers Incentives For Plant And Machinery Investments

0
Investments in creating physical infrastructure such as plants, machinery, charging stations, and other assets developed or acquired by companies will qualify for incentives under...

Battrix’s Dr Yashodhan Gokhale Joins JSW Energy As VP

0
Interestingly, he had started his professional innings in the role of a Research Chemist with Sudarshan Chemical Industries Dr Yashodhan Pramod Gokhale has joined JSW...

Zevo India Aims For 50% Solar-Powered EVs In Logistics By FY25

0
The company intends to power its electric fleet using solar energy. Solar-powered vehicles, as implied by the name, are electric vehicles that use solar...

Manufacturing

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...

Automotive Electronics Industry Growth Prospects And Strategies

0
From electric vehicles (EVs) to autonomous vehicles, discover the challenges, key players, and market segments driving a $136 billion industry revolutionising vehicles and the...
Siemens and CSA

Siemens To Sell Innomotics To KPS For $3.8B

0
Siemens chief financial officer Ralf Thomas expressed his pleasure at the significant progress made in optimizing their portfolio through the sale of Innomotics to...
Siemens and CSA

Siemens Limited Announces ₹1000 Crore Capex

0
In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components. Siemens...