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IDC FutureScape: Worldwide IoT 2020 Predictions

Published by IDC Product code 574563
Published Content info 18 Pages
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IDC FutureScape: Worldwide IoT 2020 Predictions
Published: October 31, 2019 Content info: 18 Pages
Description

This IDC study provides details behind IDC's top 10 predictions for IoT for 2020 and beyond."IoT is increasingly being viewed as an enabling technology for artificial intelligence and process automation," says Carrie MacGillivray, group vice president, IoT, 5G, and Mobility at IDC. "Our IoT team sees this trend growing, but there are still many hurdles for IoT deployments to overcome before it becomes an afterthought. IT decision makers have to consider the data, security, and integration implications, among others, as they look to scaling IoT investments in 2020 and beyond."

Table of Contents
Product Code: US45591819

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: In 2020, 90% of Organizations Will Have Determined Key Performance Indicators to Measure the Success of Their IoT Projects
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By 2021, 75% of Organizations Embarking on an IoT Project Will Work with a Systems Integrator to Strategize, Plan, Deploy, and/or Manage the Initiative
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2022, 70% of New Enterprise IoT Applications Built on IoT Platforms Will Leverage Container Deployment
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2023, 70% of Enterprises Will Run Varying Levels of Data Processing at the IoT Edge. In Tandem, Organizations Will Spend over $16 Billion on IoT Edge Infrastructure in That Time
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2023, 20% of Cybersecurity Incidents Will Stem from Smart City IoT Device Deployments, Forcing Double-Digit Increases in Cybersecurity Software and Staff Training Budgets
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: To Lessen Critical Equipment Failures, by 2024, 40% of Manufacturers Will Use Field Asset IoT Data to Intelligently Diagnose Issues and Resolve Autonomously, Improving Unplanned Downtime by 25%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2023, 70% of IoT Deployment Will Include AI Solutions for Autonomous or Edge Decision Making, Supporting Organizations' Operational and Strategic Agendas
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2025, There Will Be 79ZB of Data Created by Billions of IoT Devices, Causing Organizations to Reevaluate Their Data Governance, Retention, and Usage Policies
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2025, 60% of Manufacturers Will Use IoT Platforms with Digital Innovation Platforms to Operate Networks of Asset, Product, and Process Digital Twins for a 25% Reduction in Cost of Quality
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: By 2023, Enterprises Will Struggle to Manage All the Different Access Types Used to Connect Their IoT Endpoints, with 75% Adopting More than One Connectivity Type
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • The Age of Innovation: Driving the Future Enterprise
  • The Platform Economy: Competing at Hyperscale
  • Sense, Compute, Act: Maximizing Data Value
  • Crisis of Digital Trust: Escalating Threats Mandate Strategic Responses
  • Intelligence Everywhere: AI's Opportunity and Implications
  • Economies of Intelligence: AI, Human, and Organizational "Learning" Fuels Asymmetrical Advantage

Learn More

  • Related Research
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