IT DMs Show IoT Investment Resilience, Despite Pandemic
September 20, 2021
the adversity caused by the COVID-19 pandemic, grounds for optimism remain for
IoT spending in the US, according to End User Research carried out by Strategy
Analytics on the US IoT Market in Q2 and Q3 2021, in the report IoT Deployment
and Adoption Trends 2021: United States
16% of ITDMs (IT Decision Makers) in the US will spend over $1M on IoT projects over the next year, rising to just under a quarter of ITDMs in a 1–2-year timeframe.
US Short Term Operational Spending has increased ahead of strategic spending. More Spending is happening outside central IT Budget.
Need for Asset Visibility sees deployments scaling, showing major growth in 2H 2021 and 2022.
5G and Wi-Fi6 will see Major Growth in IoT, according to US Businesses.
Challenges Remain: Security, Managing large deployments, In-house Skills and Partnerships.
to Andrew Brown, Executive Director of Enterprise and IoT Research at Strategy
Analytics and author of the report, “The US has weathered the pandemic storm as
effectively as any major market, with higher average spending on IoT than a
number of other major markets. Of course, business needs swung back towards
short term planning and operational spending, with delays on strategic IoT
planning as a direct result of the pandemic, but we see serious investment in
5G, which will have a massive impact on IoT environments in the US in the next
12 months and will be by far the most prominent technology added.”