This IDC Survey examines the adoption status of Internet of Things (IoT) solutions among organizations of all sizes in Canada. It provides insights to the IoT vendor ecosystem to better understand the relative maturity by solution and by industry, enabling more precise marketing, communications, and sales. The analysis encourages Canadian businesses to benchmark their progress against their local industry peer group.
High-level findings include:
- Adoption of IP-based connected solutions ("IoT") is very common in Canadian businesses, whether named "IoT" or just considered part of the business workflow.
- Adopters of IoT solutions tend to adopt even more IoT solutions as they try to evolve through their digital transformation.
- IoT solution deployments fail and are removed from organization use far more often than commonly expected.
- The most common IoT solution remains IP-enabled digital video surveillance, but other cross-industry options like smart buildings and connected workforce are gaining rapidly.
- There is wide variation between industry segments in their adoption maturity, and vendors need to match marketing/sales accordingly. This document examines IoT solution adoption by vertical segment in depth.
- Security concerns remain the number 1 challenge to IoT deployments, but capex, privacy, and opex concerns rose substantially year over year.