Markets and Trends

The Internet of Things (IoT) Applications Market at a Glance

Learn what customers are looking for in the IoT applications space with IDC.
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We’ve discussed how crowded the overall Internet of Things (IoT) market is, but the ultimate value in IoT lies in IoT applications. However, IoT applications require a strong technology base in order to be successful; hardware, other software platforms and software analytics, and connectivity are all important pieces to the IoT applications puzzle.

Building the necessary technology base means that organizations will need to carefully select the right technology vendors and really think through their integration process. A majority of organizations (36%) plan to choose the technologies needed themselves and then bring in a third party to help them integrate their purchases into a functional solution. This means that buyers need to carefully assess not just technology vendors, but service providers as well in order to bring their IoT applications to fruition.

Businesses are using IoT applications to improve efficiencies, lower costs, and improve product quality. While some organizations are experimenting with leveraging IoT data to create new business models, applications that deliver better experiences and efficiencies are receiving more focus in the market.

Use IDC’s new IoT Applications Market Glance to review the market in terms of both technology providers and integration specialists.

IoT applications market glance

Learn more about IDC’s IoT expertise, request our complete Market Glance document:

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives.