IoT has made solid progress over the last few years but remains very much at a nascent stage, in terms of deployments, spend and share of the IT budget in global businesses. Estimates that put the IoT market value at $10T or more have a credibility problem. Can IoT really be bigger than the entire IT industry?
The economic value potential of IoT is indeed huge, but this is being confused with the opportunity for suppliers of products, and services, which is more likely to be measured in US$ Billions not US$ Trillions.
This Presentation was given on May 4th 2017 and outlines Strategy Analytic's take on the IoT market, highlighting why huge projections cannot be correct and supporting those forecast assessments with real world feedback from IT decision makers as well as Strategy Analytics' focused Voice of the Buyer research, that analyses the way different vertical industries are approaching the challenges and opportunities in IoT.