IoT Adoption Continues to Grow at a Slow and Steady Pace

A new survey from the New Eclipse Foundation says open-source options are gaining ground, owing to the continuous growth in IoT adoption.

The Eclipse Foundation, which focuses on the Internet of Things (IoT), has released its first annual IoT Commercial Adoption survey. The survey aims to understand the IoT industry landscape by identifying the requirements, priorities, and challenges faced by enterprises. Especially those organizations that deploy and use commercial IoT solutions, including those based on open source technologies.

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Moreover, the survey includes details on IoT adoption by industry, top concerns by commercial IoT adopters, and breakdowns by organizational role.

Some of the key findings of the report are as follows:

• Open source will penetrate IoT even further as 60% of companies will allow open source into their IoT deployment plans.
• IoT adoption is growing; however, it is slower than the hype would indicate. Around 40% of respondents said they are deploying IoT solutions at present, and another 22% plan to start the deployment of IoT within the next two years.
• Thirty percent of companies are planning to spend less than $100K in 2021.
• There is a significant increase in the IoT investment, as 40% of respondents said they are aiming to shoot up IoT spending in the next fiscal year.
• In the case of IoT deployments, hybrid clouds are taking the top spot. Cloud platforms, including AWS, Azure, and GCP, are the leading in terms of IoT implementations.

Today, markets are evolving from piecemeal implementations to more comprehensive solutions. Open-source solutions should be a core component of a company’s IoT architecture. This will majorly help in easing interoperability and save them from being locked with a single vendor. Manufacturers need to continue investing in IoT, as their competition is scaling their investment and exploring production deployments of this technology. They are implementing IoT solutions that collaborate on industrial automation, asset management, and logistics.

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Some of the more innovative companies are relying on IoT technologies to improve their customer value proposition by offering preventive maintenance features. With the rollout of 5G in 2020, the adoption of IoT is going to become more extensive across industries; then, it is expected to drive the adoption of OS-based IoT tools, adding flexibility and strength to enterprise platforms.