This IDC study provides detailed spending splits on the Canadian IoT market by 11 industries, 42 use cases, 4 key technology categories, and 12 technology subcategories. The document also highlights key considerations for technology suppliers in this burgeoning and complex market as well as some of the drivers and inhibitors to growth throughout the forecast period. The data contained in this study is extracted from IDC's Worldwide Internet of Things Spending Guide database. This IDC database provides comprehensive market sizing and industry forecasts for country-level IoT revenue opportunities for 8 regions and 48 countries. The entire database or custom views of it are available for purchase.
"The Internet of Things is real in Canada. We are starting to see meaningful traction from the vendor community as it seeks to monetize this opportunity," said Nigel Wallis, research director for the Canadian IoT and Verticals practices. "However, the market remains fragmented and vertical-specific use cases coupled with the spread of skills required — from software to hardware to connectivity and services — makes it difficult for any one firm to claim a dominant position within this market. For this reason, it is vital for vendors to be part of an ecosystem of partners that can provide a comprehensive solution in order to prosper. From the buyers' side, executives need to realize that the Internet of Things is already here. They need to investigate the optimal path for IoT investments that enable their businesses to do things better in the short term while preparing the way to do things differently in the future."