Spending on Large-Scale IoT Deployments Tripled Over the Past Year
RTInsights, Monday, April 1st, 2024
Survey finds a great boom in IoT and edge computing deployments. As a result, the number of assets tied to edge and IoT is expanding.
The potential of the Internet of Things (IoT) and edge computing may have already crested the top of the hype cycle, but apparently have skipped over Gartner's so-called 'trough of disillusionment.' These technologies are on a steady growth path on the 'plateau of productivity,' delivering results without the glaring hype of the industry spotlight.
IoT adoption surged in the past year, a recent survey of 1,037 managers and professionals across the globe, published by The Eclipse Foundation finds. Close to two-thirds of respondents. 64%, report they are now deploying IoT solutions, up from 53% in the previous year. An additional 23% are planning to deploy within the next 12 to 24 months. Less than five percent have no IoT deployment plans at all.