The IoT trends accelerated by COVID-19
10 essential analyses to gain advantage beyond 2020
Analysis 1: The general impact of Covid-19 on IoT
Some IoT companies have seen a drop of ~50% in new order intake as Covid-19 forced their customers to freeze budgets or delay IT/IoT spending. As part of our analysis, we uncovered 25 key elements of Covid-19 influence – short-term and long-term.
Based on our 105 page State of IoT Q1/2020 & Covid-19 impact report.
Analysis 2: How to commercialize next generation smart connected products
60% of firms that have recently introduced new smart connected products say that IoT is helping them achieve a competitive advantage in the market. As Covid-19 has led to an increasing customer need for more transparency and visibility of operations, smart connected products will play a crucial role in the coming years.
Based on our 189 page IoT Commercialization & Business Model Adoption Report 2020.
Analysis 3: Shifting from CAPEX to OPEX
67% of manufacturers in discrete industries prefer to lease or purchase equipment as a service instead of purchasing it as a one-off. Our research shows that equipment as a service (EaaS) business models are in strong demand as companies slash CAPEX in response to the outbreak.
Based on our 78 page Equipment as a Service Market Report 2020-2025 .
Analysis 4: Revisiting the IoT security setup
The $2.8B market for IoT Security solutions is accelerating. As Covid-19 has led to an increase in cyberattacks and to changes in hackers’ strategies, companies are taking precautions and revisiting their IoT security setup. IoT Analytics identified 30 IoT security capabilities that are used to counteract the attacks.
Based on our 123 page IoT Security Market Report 2020-2025.
Analysis 5: Getting ready for the post-pandemic digital acceleration
The top 5 IT priorities are changing. While digital customer experience, digital worker collaboration, and cybersecurity were key during the first months of the pandemic, topics such as accelerated cloud migration are expected to rule the IT priority lists going forward.
Analysis 6: The new State of the IoT – 8 months into the pandemic
Report: State of the IoT Q4/2020 & Outlook 2021
Analysis 7: IoT connectivity technologies for remote access
Report: Cellular IoT & LPWA Tracker (Q4 2020)
Analysis 8: Opportunities for industrial applications in the cloud
Report: Virtual PLC & Soft PLC Market Report 2020-2025
Upcoming report: Cloud Computing for IoT Market Report 2020-2025
Planned release: Q1 2021
Analysis 9: Latest IoT Platform trends
Upcoming report: IoT Platforms Market Report 2020-2025
Planned release: Q1 2021
Analysis 10: IoT data management and cloud architectures
Upcoming report: Cloud Computing for IoT Market Report 2020-2025
Planned release: Q1 2021
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