By 2021, 94% of the enterprises would utilize IoT

by | Aug 8, 2019 | IoT Companies

Internet of Things is said to be massively profitable as well as critically successful for different businesses around the world. On the other hand, the Internet of Things also creates a massive opportunity for leveraging much more advanced cloud as well as technologies surrounding different industries.

The report also provides a complete insight concerning the state of the Internet of Things adoption. The report also focuses on how a single company can perfectly serve its customers and partners. The company would help the business leaders around the world to develop their Internet of Things strategies.

According to a recent Microsoft survey, there are over 3,000 IoT decision-makers around the world now. Most of the IoT Makers want to provide a market-level, holistic kind of Internet of Things ecosystem. The trends also include technological trends, and Internet of Things benefits along with a massive rate of adoption.

The report also suggests that around nine in every ten businesses are incorporating at least a single IoT project. These enterprises are either using it in proof of concept, learning, use phase, or purchase. Moreover, the rate of adoption of the Internet of Things is going to increase with 94% of the businesses. These businesses suggest that by late 2021, around 88% of the adopter deem Internet of Things to be critical for to journey through the road of success.

Moreover, the businesses that adopt the Internet of Things keenly believe that they are going to witness a return of around 30% on the investment on the respective IoT projects. The respondents, on the other hand, also believe that IoT will drive critical technological aspect for the success of the companies in the next couple of years. IoT is also getting into the sphere of development alongside edge computing, artificial intelligence as well as 5G. Moreover, the groundbreaking technological aspects such as blockchain and digital twins will also help IoT to grow.

**This post was published on https://www.livemint.com

Neelam Dimri

A post graduate and gold medalist in English literature with a great passion for writing. I am an avid blogger and love to write technical and nontechnical Articles, Blogs, e-books, the latest platform of global interest. I firmly believe in the healing power of writing and how it works fantastically to improve one’s creativity as well as personality. Life is too short to express yourself so, keep writing and enjoying.