Oracle study of 800 global IoT adopters agree that prioritizing commercial off-the-shelf solutions and bundled connectivity are the way forwardAustin, Texas —November 10, 2021
Enterprise adopters of Internet of Things (IoT) are ready to take an easier path, shows a new Oracle survey. Of the 800 IoT decision-makers polled, nearly two-thirds (64%) would opt for an ‘off-the-shelf’ IoT solution over a custom-built offering, indicating a market shift in the way enterprises are buying IoT offerings. Further, 75% of respondents want connectivity to be ‘baked-in’ or bundled by the solution provider, and 70% want providers to include data and analytics tools as part of a comprehensive solution. Together, the findings show increasing demand for an easy route to IoT capabilities that provides faster time to value.
The survey, conducted with Transforma Insights, also indicates a sea change in how IoT providers are designing and deploying, reflecting increasing productization and platformization in this space. Findings suggest that IoT platform vendors have established themselves as the go-to organizations for IoT deployment, with 56% of respondents indicating they’d turn to one of these vendors as a top three choice for lead supplier - outpacing systems integrators (42%). Download the full report: “5 Best Practices of Leading IoT Adopters” here.
“Custom solutions are introducing increasing levels of cost and complexity to the deployment of IoT solutions, with enterprises now seeking the fastest path to value in the form of readymade IoT solutions with connectivity and analytics capabilities built in,” said Andrew Morawski, senior vice president and general manager, Oracle Communications, Networks. “5G is critical to establishing this next generation of IoT, especially when deployed as truly cloud native, leveraging all of the benefits of cloud technology.”
According to market research from Transforma Insights, the total number of IoT connections will hit 28 billion in 2030, and the GSMA Mobile Economy report forecasts the IoT market will be worth more than $1 trillion by 2025.
Key findings from the survey include:
“What is clear from this survey is that IoT adopters have moved on from so-called ‘low hanging fruit’ to business-critical systems,” said Matt Hatton, founding partner, Transforma Insights. “As this maturing filters into the mass market, we will see increasingly widespread transformational impact from enterprise IoT.”
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The survey polled 800 respondents in Australia, France, Germany, Mexico, Spain, Switzerland, UK, and the US. All held a recommender or decision-maker role for deploying IoT. Minimum company size for respondents was 500 employees (1,000 in the US).
Responding organizations had all implemented, or were in the process of implementing, an IoT project supporting a key initiative such as Enterprise Resource Planning, Building Management Systems, Demand Response Management Systems, Hospital Management systems, or Computer Aided Dispatch.
Transforma Insights is a leading research firm focused on the world of Digital Transformation (DX). Led by seasoned technology industry analysts we provide advice, recommendations and decision support tools for organizations seeking to understand how new technologies will change the markets in which they operate.
For more information about Transforma Insights, please see our website transformainsights.com or contact us at firstname.lastname@example.org. Follow us on Twitter: @transformatweet.
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