The London-based International M2M Council (IMC) has undertaken what it says “could be the largest quantitative study ever undertaken to understand technology buying patterns for the Internet of Things and Machine-to-Machine Communications.”
More than 5,000 OEMs and enterprise users that deploy connected devices participated. According to the IMC, “Just two of the surprising results from the study are that buyers of IoT solutions in very diverse markets often share similar profiles, and that they plan large upswings in the number of connections they will deploy in each project.”
The study was conducted by analyst firm Beecham Research and drew data from IMC members in six vertical markets (energy, logistics, healthcare, retail, building & construction and smart cities), with 32 percent reporting from Europe, 24 percent from North America, and 15 percent from Asia.
The buyers polled expect over 14 percent of their IoT deployments to incorporate more than 250,000 connected devices in three years time. Less than 20 percent of the reported IoT projects underway involve the deployment of more than 10,000 connected devices, but response suggest that will increase to 53 percent in three years.
The report is available to members only from the IMC web site.