TECH BUYER Oct 2017 - IDC FutureScape - Doc # US43161517

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IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide IoT 2018 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2020, the Potential Cybersecurity and Physical Safety Concerns Associated with IoT Devices Will Pressure CIOs at G2000 Companies to Increase IoT Security Spending by up to 25%, Temporarily Neutralizing Business Productivity Gains

Prediction 2: By 2020, up to 10% of Pilot and Production Blockchain Distributed Ledgers Will Incorporate IoT Sensors

Prediction 3: By 2020, 50% of All New Operating Assets Will Be Self-Sustaining

Prediction 4: By 2020, 30% of G2000 Companies Will Be Using Data from Digital Twins of IoT-Connected Products and Assets to Improve Product Innovation Success Rates and Organizational Productivity, Achieving Gains of Up to 25%

Prediction 5: Over the Next Three Years, at Least $3.1 Billion of IT Consulting Services and $11.2 Billion of Systems Integration Services Will Be Consumed Worldwide for Building and Implementing IoT Solutions

Prediction 6: By the End of 2020, Close to 50% of New IoT Applications Built by Enterprises Will Leverage an IoT Platform That Offers Outcome-Focused Functionality Based on Comprehensive Analytics Capabilities

Prediction 7: By 2020, IT Spend on Edge Infrastructure Will Reach up to 18% of the Total Spend on IoT Infrastructure, Driven by Deployments of Converged IT/OT Systems That Reduce the Time to Value of Data Collected from Their Connected Devices

Prediction 8: By 2021, 5G's Broad Enablement of IoT Use Cases Will Drive 70% of G2000 Companies to Spend $1.2 Billion on Connectivity Management Solutions

Prediction 9: By 2021, 75% of Enterprises with a Positive IoT ROI Will Use Tactical Analytics Applications to Reduce Operating Costs, But the 25% That Successfully Invest Strategically in a Decision Architecture Will Increase Their Revenue Share

Prediction 10: By 2021, Over 85% (or $1 Trillion) of Enterprise IoT Project Investments Will Be Built on Net-New Technology Spending

Advice for Technology Buyers

External Drivers: Detail

Accelerating DX — Technology-Centric Transformation Altering Business and Society

Platform Disruption — Unleashing Digital Innovation's Power for Scale

Pace of Change — Technology Capabilities Enable Sustainable Change at the Speed of Digital Business

IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide IoT 2018 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2020, the Potential Cybersecurity and Physical Safety Concerns Associated with IoT Devices Will Pressure CIOs at G2000 Companies to Increase IoT Security Spending by up to 25%, Temporarily Neutralizing Business Productivity Gains

Prediction 2: By 2020, up to 10% of Pilot and Production Blockchain Distributed Ledgers Will Incorporate IoT Sensors

Prediction 3: By 2020, 50% of All New Operating Assets Will Be Self-Sustaining

Prediction 4: By 2020, 30% of G2000 Companies Will Be Using Data from Digital Twins of IoT-Connected Products and Assets to Improve Product Innovation Success Rates and Organizational Productivity, Achieving Gains of Up to 25%

Prediction 5: Over the Next Three Years, at Least $3.1 Billion of IT Consulting Services and $11.2 Billion of Systems Integration Services Will Be Consumed Worldwide for Building and Implementing IoT Solutions

Prediction 6: By the End of 2020, Close to 50% of New IoT Applications Built by Enterprises Will Leverage an IoT Platform That Offers Outcome-Focused Functionality Based on Comprehensive Analytics Capabilities

Prediction 7: By 2020, IT Spend on Edge Infrastructure Will Reach up to 18% of the Total Spend on IoT Infrastructure, Driven by Deployments of Converged IT/OT Systems That Reduce the Time to Value of Data Collected from Their Connected Devices

Prediction 8: By 2021, 5G's Broad Enablement of IoT Use Cases Will Drive 70% of G2000 Companies to Spend $1.2 Billion on Connectivity Management Solutions

Prediction 9: By 2021, 75% of Enterprises with a Positive IoT ROI Will Use Tactical Analytics Applications to Reduce Operating Costs, But the 25% That Successfully Invest Strategically in a Decision Architecture Will Increase Their Revenue Share

Prediction 10: By 2021, Over 85% (or $1 Trillion) of Enterprise IoT Project Investments Will Be Built on Net-New Technology Spending

Advice for Technology Buyers

External Drivers: Detail

Accelerating DX — Technology-Centric Transformation Altering Business and Society

Platform Disruption — Unleashing Digital Innovation's Power for Scale

Pace of Change — Technology Capabilities Enable Sustainable Change at the Speed of Digital Business

Sense, Compute, Actuate — The New Data-Centric Paradigm

Cyberthreats — Theft, Ransom, and Cyberattack on the Rise

The Future Workforce — Global Demand for Digital Talent

Innovation Impasse — Legacy Systems Constraining Transformation

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