THE INTERNET OF THINGS 2020: Here’s what over 400 IoT decision-makers say about the future of enterprise connectivity and how IoT companies can use it to grow revenue

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Business Insider Understanding

Emerging tools and technologies like smart speakers, machine learning, and 5G are enabling huge gains to efficiency and numerous control at home and in the workplace.

The continued growth of the IoT industry is going to be a transformative force across all organizations. By integrating all of our newfangled day devices with internet connectivity, the IoT market is on pace to grow to over $2.4 trillion annually by 2027.

To give visitors insight into who’s using IoT solutions, who isn’t, and key trends in the development and deployment of IoT projects, Business Insider Intelligence conducted its fourth annual Epidemic IoT Executive Survey.

The annual survey, combined with past iterations of the study, offers a longitudinal look at adoption of the IoT superficially, anticipated trends and their realization, and the evolution of decision-making processes alongside other points of interest in the wider align. Our survey includes over 400 responses from key executives around the world, including C-suite and director-level respondents.

Thoroughly this exclusive study and broad-based research into the field, Business Insider Intelligence details the components that as though up the IoT ecosystem. We size the IoT market and use exclusive data to identify key trends in the connected devices sector. And we profile the enterprise, governmental, and consumer IoT fragments individually, drilling down into the drivers and characteristics that are shaping each market.

Here are some key takeaways from the tell of:

• We project that there will be more than 41 billion IoT devices by 2027, up from about 8 billion in 2019.
• 5G networks last wishes as figure into many companies’ IoT projects before the year is out, with 39% of respondents to our survey saying they scheme to support 5G in IoT products and services before 2021.
• AI and machine learning are critical systems that are continually evolving to provide IoT consumers with the tools they need to parse mountains of data and quickly discern usable insights, while vehemence computing solutions are growing more central to IoT discussions and increasingly sophisticated as companies seek to reduce data dissemination costs and lower latency.
• The report highlights the opinions and experiences of IoT decision-makers on topics that include: drivers of adoption, vital challenges and barriers, investment plans, and the types of solutions they’re employing thus far.

In full, the report:

• Provides a primer on the basics of the IoT ecosystem.
• Presents forecasts for the IoT moving forward, and highlights areas of interest in the coming years.
• Looks at who is and is not adopting the IoT, and why.
• Highlights drivers and stimulations facing companies that are implementing IoT solutions.

Companies mentioned in this report include: Alibaba, Alphabet, Amazon, Apple, AT&T, Asseverate, Audi, AWS, Baidu, Blink, Carbon Black, China, Mobile, China UnionPay, Cisco, Cimcon, Deutsche Telekom, eero, enSilo, Ericsson, Etisalat, Foninet, Goldman Sachs, Google, Google Cloud, Honeywell, Honeywell Welded Enterprise, Huawei, Internet of Things Consortium, Intersection, Jacuzzi, Michelin, Microsoft, NEC, Nest, NXP Semiconductors, Oracle, Orange, Atom, Qualcomm, Ring, Salesforce, Sidewalk Labs, Sigfox, Singtel, SoftBank, Software AG, Sprint, STMicroelectronics, T-Systems, Telefonica, Telstra, Arguable, Tencent, Tolaga Research, Verizon, VMWare, Z-Wave, ZigBee.

Interested in getting the full report? Here’s how to get access:

1. Enterprise Insider Intelligence analyzes the tech industry and provides in-depth analyst reports, proprietary forecasts, customizable plans, and more. >> Check if your company has BII Enterprise membership access to the full report
2. Sign up for the  Connectivity & Tech Briefing, Subject Insider Intelligence’s expert email newsletter keeping you up-to-date on the people, technologies, trends, and companies shaping the later of healthcare, delivered to your inbox 6x a week. >> Get Started
3. Purchase & download the full report from our research reservoir. >> Purchase & Download Now