The Internet of Things (IoT) continues to grow in terms of market awareness, opportunity, and participation by ecosystem players. The IoT enterprise market is being driven by a combination of digital transformation (DX) in the services, energy & resources, retail, healthcare, government, and manufacturing industries and continued advances in semiconductor technology and communications connectivity. IoT ecosystems are being formed around hardware and software, enabling technologies such as sensors and modems and also around specific use cases within industry verticals. IoT thus spans the gamut of devices, sensors, and modules, to intelligent/embedded systems, to software and hardware and services.
In this study IDC reviews the outlook for 2016 and takes a closer look at the evolving ecosystem of players, market leaders, industry alliances, leading use cases, and buyer trends. We also provide advice for technology and service providers. With respect to buyer trends, we discuss key drivers, inhibitors, market segmentation, and the factors shaping IoT enterprise buying behavior.