Vodafone research reveals number of large scale Internet of Things (IoT) projects doubled in the last year
September 27 2017 - 04:00AM
Vodafone published today its fifth annual IoT Barometer
Report – the leading global survey of business sentiment
regarding investment and innovation in the Internet of Things.
The Barometer report found that:
- The percentage of companies with more than 50,000 connected
devices active has doubled in the last 12 months
- 84% of IoT adopters say that their use of IoT has grown in the
last year
- 51% of IoT adopters say that the technology is increasing
revenues or opening up new revenue streams
- 66% of all companies agree that digital transformation is
impossible without IoT
Businesses in the Americas have led the way in
embracing large scale IoT projects, where 19% of companies using
IoT have more than 10,000 connected devices, compared to 13% in
Europe and 7% in Asia Pacific. The large scale users also report
some of the biggest business gains with 67% of them highlighting
significant returns from the use of IoT. Energy and utility
companies are at the forefront of the largest IoT projects
worldwide, with applications such as smart meters and pipeline
monitoring.
The range of benefits that users are getting
from IoT is also widening as adoption increases – greater business
insights, reduced costs and improved employee productivity top the
list globally. In Asia Pacific 53% of respondents cited increased
market competitiveness as the top benefit compared to 35% in the
Americas and 33% in Europe. In the automotive sector, 51% of
companies say that IoT is helping to improve brand
differentiation.
Security in IoT is still the biggest barrier for
organizations regarding deployment. However, in companies with
10,000 or more connected devices in operation only 7% say security
is their top worry. Organizations are taking more steps to tackle
security concerns including an increase in security training for
existing staff, working with specialist security providers and
recruiting more IT security specialists.
As the scale of IoT projects increases the
report also notes a rise in connectivity requirements. Companies
are looking to use a mix of technologies from fixed line to low
power wide area networks (LP-WAN) depending on the application.
Typically, large scale projects use four different connectivity
options with mobile and Wi-Fi the two most popular. There is
increasing interest in the newer technologies such as Narrowband
IoT, with 28% of all companies now considering it and other LP-WAN
options, for new IoT projects.
Vodafone director of IoT Erik Brenneis said,
“Over the five years of this report we have seen the number of
companies that have adopted IoT double, and projects have grown
from small pilots to global rollouts of tens of thousands of
connected devices. IoT is clearly here to stay and the future looks
exciting as 79% of adopters are saying that IoT will have an
enormous impact on the whole economy in the next five years. I
believe we can now say that IoT has come of age and is proving
itself across all industries and geographies.”
The IoT Barometer research surveyed 1,278
respondents in 13 countries, US, Brazil, Ireland, UK, Germany,
Italy, Spain, South Africa, China, India, Japan, Australia and New
Zealand.
For further information
Vodafone
Group
Media Relations
www.vodafone.com/media/contact
About Vodafone Group
Vodafone Group is one of the world’s largest
telecommunications companies and provides a range of services
including voice, messaging, data and fixed communications. Vodafone
Group has mobile operations in 26 countries, partners with mobile
networks in 49 more, and fixed broadband operations in 17 markets.
As of 30 June 2017, Vodafone Group had 523.5 million mobile
customers and 18.5 million fixed broadband customers, including
India and all of the customers in Vodafone’s joint ventures and
associates. For more information, please visit:
www.vodafone.com.
Contact: Melissa Salottolo, melissa.salottolo@vodafone.com
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