The IoT trends accelerated by COVID-19

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.

Based on IT & IoT Trends – Mid 2020 Update report