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Sep 2017 - Market Forecast - Doc # CEMA42085717

Russia Internet of Things Market 2017–2021 Forecast

Author: Elena Semenovskaia
Research Director, Software, Commonwealth of Independent States

Abstract

This document provides the Russian Internet of Things (IoT) market size for 2016 and the outlook for 2017–2021, while setting the forecast within the context of the IoT ecosystem, which includes intelligent systems, connectivity services, platforms, analytics, and industry applications. On the margins, but still important to the overall ecosystem picture, are security and professional services. This study also highlights the key industry trends contributing to the growth of the rapidly evolving IoT market.

In this study, IDC provides an analysis of the IoT market in Russia and a 2017–2021 market forecast split by technology and industry. This report highlights key considerations for technology suppliers in this rapidly evolving and complex market, as well as some of the growth drivers and inhibitors throughout the forecast period. This forecast was created from IDC's Worldwide Semiannual Internet of Things Spending Guide, May 2017, and includes data represented in it.

"Although interest in IoT solutions remains high, more evidence regarding IoT monetization is still required as end-user companies need solid proof of ROI from IoT projects, which are also hindered by the lack of technology standardization. The acceptance of common protocols and standards may speed up the market's development significantly over the forecast period. Growing government attention in developing the digital economy in Russia will accelerate technology standardization and regulatory processes, as well as create the infrastructure for the further spread of IoT implementations." — Software Research Director Elena Semenovskaia, IDC Russia

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