IoT, 5G Gaining Traction in Industrial Deployment
Omdia study found IoT and 5G to be an increasingly integral part of business operations as investment continues to rise
IoT, 5G gains momentum in industrial deployment
Omdia study finds IoT and 5G increasingly important part of business operations as investment continues to grow
A total of 490 respondents were interviewed in nine countries (Australia, Brazil, China, France, Japan, Germany, South Korea, UK and USA). Of the companies that have or are currently implementing IoT solutions, more than 90% report that the IoT projects they have implemented have met or exceeded expectations.
In addition, IoT is proving to be a more important part of operations than before, with only 10% of respondents saying that IoT devices are among specialized projects.
Security, privacy and complexity remain the three biggest pain points for businesses; with network data security and device security at the top, followed by privacy and management. However, IoT is a developing market, and although investments in these devices are still growing, concerns about its shortcomings or pitfalls are gradually decreasing every year. Despite ongoing economic instability, investment in IoT remains strong and the sector continues to grow from strength to strength as companies lead the way in accelerating the adoption of these solutions. .
5G was also found to be the primary enabler for IoT devices, with 66% of businesses using or planning to use 5G connectivity, while 5G fixed wireless access was identified as a potentially game-changing development for those in remote locations.
“IoT and 5G have been derided as over-promising and under-delivering,” said John Canali, senior IoT analyst at Omdia and author of the study, “yet the IoT market is still evolving and 5G technology is constantly evolving. sometimes provocative proofs of concept are preferred over headlines, the results of our survey are clear: companies are moving to IoT and 5G is emerging as the preferred type of connectivity.