Top Adopters of IoT in 2018 - An Infographic by RapidValue
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The Internet of Things (IoT) market is projected to see significant growth in 2018, with major investments expected in software and services. Key industries driving this growth include manufacturing, transportation, and healthcare, while challenges persist in data collection and analysis. Successful IoT implementation requires effective data preparation, predictive analytics, and real-time data visualization to maximize ROI and operational efficiency.
Top Adopters of IoT in 2018 - An Infographic by RapidValue
- 1. IoT Key Market Numbers Trends Transforming Businesses in 2018 Industries Leading the IoT Landscape Industry, Investment & Top areas of Expenditure Top Adopters of Internet of Things in 2018 The Internet of Things (IoT) is poised to see a major increase in spending in 2018 across industries. devices will be connected to the Internet by Global spending on the Internet of Things billion 50 trillion 1.29$ billion 3.1$ billion 194$ 55% 16% CAGR 2020 will be spent by the United States on IOT related equipment and projects spending on IoT projects will be for software and services IoT-related software will grow faster than any other category Global spending on IoT security Source: IDC, Gartner Cognitive Computing Digital Twin Security Wearables Blockchain SaaS $189 billion $85 billion $73 billion $62 billion $55 billion - Manufacturing Operations - Production, Asset Management & Maintenance - Field Service - Vehicle Maintenance - Fleet Operation Optimization - Manage Transporation Infrastructure - Preventive Maintenance & Alerts - Smart Meters - Regulation Compliance - Smart Medical Devices - Remote Monitoring - Clinical Trials - Blockchain - Tailored Marketing - Product Planning & Management Key requirements for IoT Success Data Preparation Transform, enrich and prepare machine and sensor data for analysis 80% of an analyst’s time is spent on data prep Data Discovery Visualize and interact with data from multiple sources 94% of IoT stakeholders struggle to collect & analyze data Streaming Data Visualization Visualize critical business events as they happen Operational cost reduction for organizations using real-time visualizations 67% Time Series Data Continously monitor sensor data for complete situational awareness 60% of data generated by IoT devices loses value within milliseconds of being generated Predictive & Advanced Analytics Enrich IoT data through predictive models to perform advanced analytics 145% median ROI with predictive analytics Real-time Geospatial & Location Analyze real-time geospatial data for logistical analysis 90% of data generation by devices such as smartphones, connected vehicles and appliances are never analyzed IoT 001001 100101 010010 Source : Data Watch RapidValue is a leading provider of end-to-end mobility, omni-channel, IoT, RPA and cloud solutions to enterprises worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global projects, we offer a range of services across various industry verticals. RapidValue delivers its services to the world’s top brands and Fortune 1000 companies and has offices in the United States, the United Kingdom, Germany and India. +1 877.643.1850 contactus@rapidvaluesolutions.com www.rapidvaluesolutions.com © RapidValue Solutions Transporatation Manufacturing Energy & Utilities Healthcare BFSI