Internet of Things Innovation
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1 Internet of Things Innovation NetEvents 18 March, 2016 Jeremiah Caron Senior Vice President - Analysis
2 Who is Current Analysis? A leading global provider of market intelligence & competitive insight for Telecom & IT Businesses. We support a portfolio of over 1,500 major organizations with tactical and tangible insight in over 100 countries across 14 core industry groups. With insight spanning over 20 years across three global brands we deliver enriched value to clients, have research offices around the world & deep experience in our specialist sectors. Win more business Our strength is our combination of: Unique, robust data Trusted industry analysis & insight Innovative integration & collaboration Our expertise includes: Tactical & strategic planning Customer insight Competitive Intelligence Risk mitigation Market planning & development We offer clients a range of research services: Online Intelligence Centers In-Depth Reports Consultancy Services
3 Why Internet of Things Market Tipping Point Increasingly, the opportunities presented by the Internet of Things (IoT) are commanding attention amongst business looking to create a competitive advantage. Network Impacts The demand for IoT solutions is expanding and pressure grows amongst technology and service suppliers to drive innovation. In turn, this demand to support exponentially larger numbers of connected elements is impacting the infrastructure in place to support them. Competitive Pressures
4 Key Objectives Current Analysis is conducting a global survey of 1,000 respondents to gauge user perspective on the Internet of Things (IoT) Top Use Cases What are the use cases enterprises have implemented and are evaluating? Scope of Deployment How many devices are being connected? What is the geographic scope, frequency of communication, type of connectivity and security being deployed? Drivers and Inhibitors What are the key benefits enterprises are hoping to gain? Why did enterprises that evaluated IoT but ultimately decided not to implement it abondon their plans? Investment Plans In which areas are enterprises investing to support their IoT project? What are their ROI goals? IoT Project Management Who manages the project internally? Why are preferred vendors for systems integration, app development, consulting, testing and analytics?
5 Project Methodology Respondents come from a variety of backgrounds They will come from across the globe.. work in LOB and IT. be from mid-sized to very large enterprises % LOB 50% IT include companies that are already using as well as planning to use IoT. as well as some that evaluated but didn t implement IoT projects... and be employed in a range of vertical industries.
6 Top Use Cases Preliminary results indicate that security is the top cited use case Top Ranked Use Cases 1. Security systems 2. Tracking of employees 3. Energy management 4. Product testing and quality control 5. Asset tracking Q: What types of use cases are you using, evaluating, or did you evaluate? (Select all that apply)
7 Scope of Deployment Most deployments consist of less than 2,500 devices 2,500-4,999 4% Number of Devices Connected 5,000-9,999 2% [CATEGORY NAME] [PERCENTAGE] 1,000-2,499 17% Less than % % % Q: How many devices have you connected or do you plan to connect when the project is complete?
8 Scope of Deployment Few deployments are global in nature Geographic Scope of Deployments Regional 23% Global 10% National 43% Local 24% Local: Definitions within city/metro area National: within a country Regional: within a region such as the Americas, Western Europe, Eastern Europe, Asia Pacific Global: across regions Q: What is the geographic scope of your deployment?
9 Scope of Deployment Most projects incorporate frequent, but not real-time communications Frequency of Communications 23% 60% Exceptionbased communications Regular (multiple times per day) communications Batch communications Real-time communications 35% 24% Q: What is the frequency of communications? (Select all that apply)
10 Investment Plans Companies have invested in a range of technology to support their IoT project Areas of Investment for Support of IoT Projects Cloud services Software infrastructure Networking hardware Network capacity Servers Services and software are biggest focus Storage WAN hardware or capacity Sensors 0% 20% 40% 60% Q: In which areas have you invested or do you plan to invest to support your IoT project? (Select all that apply)
11 Number of Respondents Drivers Improved operational efficiency and cost reduction are top ranked benefits expected from IoT deployments 120 Key Benefits Expected Improved operational efficiencies Cost reduction Increased revenue from existing products and services Enhanced insight and decisionmaking Increased revenue from new products/ services Q: What are the key benefits you hoped to gain or are hoping to gain from deploying an IoT solution? (Select top three and rank in order of importance
12 Inhibitors Resolving security concerns is a top challenge in getting IoT projects up and running Challenges to Getting IoT Project Off the Ground Resolving security concerns Proving the value to key stakeholders Justifying overall cost and RoI Addressing privacy concerns Assembling the necessary technology Building the necessary expertise to manage and Internal coordination challenges Number of Respondents Q: Please rate the significance of the following challenges in getting your IoT project off the ground? (Select top 3 and rank in order of importance)
13 Investment Plans Many businesses expect their project to pay off in one to two years Return on Investment (ROI) Goals Immediately Six to 12 months One to two years Longer than two years Unknown at present 10% 35% 40% 8% 7% Among respondents that have already implemented an IoT solution, over 60% indicate that their project has already met their ROI expectations. Q: What are your Return on Investment goals for your current or planned project?
14 Percent of Respondents Project Management Professional services providers are generally well positioned, except in the area of systems integration, where equipment vendors lead Preferred Vendor 40% 20% 0% Systems Integration App Development Business or Technical Consulting Proof of Concept, Testing Data Analytics Equipment Vendor Telecom Service Provider Professional Services Provider Software Provider Q: Who is your preferred provider for the following?
15 Looking Ahead Complete results will be available at the end of March Current Analysis will analyze trends by region, company size and vertical industry Results from respondents that already use IoT will be compared to those that plan to use IoT
16 The Complete IoT Package Supplier Insights and Advisory CurrentCOMPETE IoT Service Products and services Standards and regulatory issues Primary Research Data Market insights Forecasting Implementation Innovations Tracking Global database of implementations Business model analysis Success tracking
17 Find Out More Visit: Tel: +44 (0) Current Analysis Inc, a wholly owned subsidiary of Progressive Digital Media Plc 2015
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