View
2.608
Download
2
Category
Preview:
Citation preview
IoT Insights and Opportunities
Copyright (c) 2016 CompTIA Properties, LLC. All Rights Reserved. | CompTIA.org
REMINDER: The complete 36-page 2016 IoT Insights and Opportunities report can be viewed free of charge at CompTIA.org (with simple registration)
0
10
20
30
40
50
Billi
ons o
f Thi
ngs C
onne
cted
to th
e In
tern
etProjecting the ‘Things’ Behind the Internet of Things
50.1 billion
34.8 billion
22.9 billion
14.4 billion
8.7 billion
0.5 billion0.1 billion
IoT primarily comprised of mobile devices and consumer-oriented ‘things’
Industrial and emerging ‘things’ increasingly captures a larger share of IoT market
Sources: Group SJR | Cisco | CompTIA
From 2014-2020, IoT grows at an annual compound rate of 23.1% CAGR
The Evolving Internet of Things Ecosystem
Regulators / Government
Devices / Objects
Sensors / Chips
Networks
Platforms
IT Services / Management
Carriers / Network Providers
SecurityData
AnalyticsIntegration /
Solutions
Standards & Protocols
Consortiums / Industry Groups
Cloud Service
Providers
Software / Apps
SERVICES
SOFTWARE / CONNECTIVITY
RULE
SHARDW
ARE
Source: CompTIA
For more on the IoT ecosystem, please see CompTIA’s Slideshare deck “The Internet of Things Ecosystem.”
IoT Moves from Idea to Practice
27%
33%
23%
15%
A NET 6 in 10 organizations report having some type of
IoT initiative underway
Funding IoT Initiatives45% New budget allocation
36% Existing IT budget
10% Budget repurposed from cost savings
7% Combination of sources
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
Many Companies May Profit from IoT
Sensor and chip companies
Telecom carriers
Platform/ecosystem providers
Integration
App developers
Device companies
Networking equipment/software
Data analytics/Big data
IT solution providers/MSPs
23%
24%
26%
28%
30%
33%
34%
35%
36%
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 349 U.S. channel firms
IoT Revenue Expectations Convey Optimism
Already making money
Expect to make money in
next_x000d_12 months
Expect to make money in
next_x000d_1-2 years
Not sure Unlikely
15%
25%22%
27%
12%15%
40%
26%
14%
5%
36%39%
16%
6%3%
Small Channel Firms Medium Channel Firms Large Channel Firms
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 346 U.S. channel firms
Perceived Benefits of IoT
Automating factory/ transportation/supply chain
Staff productivity gains
Automating business processes
New/better data for decisions
New product/service revenue
Cost savings/higher efficiency
Better asset visibility/monitoring
New/better customer experiences
24%
30%
32%
37%
37%
39%
40%
41%
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 345 U.S. channel firms
From the perspective of channel partners
Channel Firm Challenges
55% Developing expertise
50% Initial costs
51% Educating customers
49% Choosing business model
49% Choosing vendors
47% Cash flow considerations
45% Optimizing sales/marketing
Perceived End-User Challenges
49% Cybersecurity risks
37% Legacy interoperability
36% Ongoing costs
36% Steep learning curve
34% Quantifying ROI
32% Upfront investment
21% Inability to absorb data
Channel Firms See IoT Challenges for Them and Their Clients
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 348 U.S. channel firms
37%49%
14%
Companies Divided on Importance of IoT Security
Benefits of connected devices outweigh concerns
Security/privacy are primary factors to
consider during adoption
Security/privacy are serious hurdles
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 347 U.S. channel firms
Word Associations Reflect the Many Facets of IoT
Connected53%
Intelligent System
40%Smart40%
Data Streams36%
Futuristic29%
Machine-to-Machine
27%
Solution Looking for a Problem
25%
Security Disaster
Waiting to Happen
19% Nothing New –
Extension of Internet
16%
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
Executives Contemplate How IoT Fits within the Business
37% 61%
2%
Mostly separate and distinct
Mostly about enabling and extending technology for broader organization objectives
Don't know
How Organizations Describe Their IoT Initiatives
64%
31%
5%
Expectations Are High for IoT to Provide Value
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
IoT Benefits Matrix: The New vs. Extending the Existing
Cost savings from
operational efficiencies
Value from Improving /
Extending the Existing
Value from Leveraging New
Innovations
New data streamsStaff
prod-uctivity gains
Monit-oring of assets
New customer
experi-ences
Revenue growth
Auto-mating
business processes
Auto-mating factory,
etc. processes
Tech-advanced organizations are more likely to cite the ‘new innovation’ facets of IoT as a key benefit.
Tech-basic to intermediate organizations are more likely to cite the ‘cost saving’ facets of IoT as a key benefit.
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
Segmentation of Perceived Benefits of IoT by Sector
Technology OverallMfg.
SectorRetail
SectorGovt.
Sector
Hospit-ality
Sector
Health-care
SectorAMTUC
Sector
Cost savings from operational efficiencies 48% 47% 39% 45% 60% 47% 53%
New / better streams of data to improve decision-making 45% 45% 44% 55% 54% 39% 36%
Staff productivity gains 39% 35% 35% 37% 40% 38% 51%
Better visibility / monitoring of assets throughout organization 37% 45% 39% 20% 31% 37% 40%
New / better customer experiences 36% 32% 38% 31% 40% 39% 38%
Revenue growth from new products or services 33% 38% 42% 20% 29% 32% 33%
Automating business processes 32% 35% 23% 39% 37% 34% 29%
Automating factory, transportation, or supply chain-related processes
28% 38% 27% 24% 31% 21% 29%
*Agriculture, mining, transportation, utilities, and construction
CAUTION: small sample sizes – for directional use
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
Most Organizations Report Shortcomings in Their Ability to Manage Security Component of IoT
23%
34% 35%
7%
1%
A NET 57% of respondents believe they are well equipped to managed the security component of IoT
- Larger firms report greater confidence with IoT security than smaller firms (68% vs. 53%).
- Firms self-reporting as cutting edge users of technology also report greater confidence levels than tech laggards (84% vs. 24%).
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
IoT Regulatory / Policy Concerns Ramp Up
Tax implication uncertainties
Possibility of having to manage a patchwork of state or international regulations
Challenge of finding necessary legal expertise to navigate IoT regulations
Liability uncertainties
Concern over "questionable" new regulations taking hold
Cost of compliance
23%
32%
36%
41%
42%
51%
Overwhelming, respondents believe IoT cybersecurity safeguards should supersede IoT innovation. And yet, concern over IoT compliance cost and new regulations is high, a sign of a likely disconnect.
Source: CompTIA’s Internet of Things Insights and Opportunities study | Base: 512 U.S. end-user firms
Thank You
Copyright (c) 2016 CompTIA Properties, LLC. All Rights Reserved. | CompTIA.org
REMINDER: The complete 36-page Internet of Things Insights and Opportunities report can be viewed free of charge at CompTIA.org (with simple registration)
Recommended