Explore the Infographics offering a snapshot of popular IoT industries, use cases, and trends. Learn where IoT technology stands as of now and where it has the most promising growth opportunities https://bit.ly/37DvTbV
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1. TopIoTindustries,usecases,andtrends
In every sector of the economy, companies embrace IoT technology to
curb costs, create new value, and modernize their product roadmaps.
Naturally, some industries are better positioned for IoT adoption than
others. Also, specific IoT use cases can have a broad appeal across
multiple industries. This infographics offers a snapshot of popular IoT
industries, use cases, and trends in order to help you better understand
where IoT technology stands as of now and where it has the most
promising growth opportunities.
2. According to Gartner, the Utilities sector is the highest user of IoT
endpoints, totaling over 1 bn active devices, mostly smart meters. Physical
security is the second most widely implemented IoT use case, which
typically includes surveillance cameras, motion detection sensors, and
other devices for intrusion detection. The industry-agnostic nature of
these two solutions naturally gives them broader appeal compared to
industry-specific IoT solutions, among which manufacturing, retail, and
automotive have chalked up the most endpoints so far.
Most popular IoT use cases: utilities,
physical security, and manufacturing
01
3. IoT Endpoint Market by Segment, 2018-2020,
Worldwide (Installed Base, Billions of Units)
Building
Automation
0.23 0.31 0.44
Physical
Secutity
0.83 0.95 1.09
2018 2019 2020
Utilities
0.98 1.17 1.37
Government
0.40 0.53 0.70
2018 2019 2020
5. 0
10
20
30
40
50
42%
Building
automation
31%
Automotive
29%
Healthcare
Growth rate by segment
Fastest growing: building automation,
automotive, and healthcare
02
Building automation is currently the most
popular IoT use case due to a peaking
demand for smart lighting solutions as well
as comprehensive smart home / smart
office systems. The automotive segment is
also booming thanks to innovations that
include IoT-powered infotainment and
navigation systems, and rapid proliferation
of third-party fleet management solutions.
In third place is Healthcare with chronic
condition monitoring devices as a key driver
for IoT healthcare innovations.
6. Smart meter market03
As one of the most widely adopted IoT applications today, the smart meter
market in the US and Europe has already reached a penetration rate of
40%, with some regions having over 80% of utility consumers using smart
meters. However, the global market remains highly fragmented and, while
many tier-1 utility providers have been rolling out smart meters at large
scale, there is still plenty of room for smart meter implementation by
smaller deployments from many small cooperative and municipal utilities
as well as private commercial deployments.
7. Global smart meter shipment volume by Region (M units)
0
50
100
150
200
250
2018
131.7
203.4
2019 20212020 2022 2023 2024
CAGR - 7%
- RoW - North America - Europe - APAC
8. Physical security solutions have greatly
benefited from IoT by adopting real-time
connectivity between devices and
automated data processing.
Now it is easier than ever to bring
together various motion sensors,
surveillance cameras, and asset tracking
devices to create intelligent security
solutions that instantly report on any
abnormalities, apply geofencing rules for
perimeter security, and effectively store
and analyze security logs.
IoT for physical security
1 Real-time security alerts
3 Programmable user access policies
2 Geofencing
4 Security logs tracking and analytics
5 Asset integrity tracking
9. Leading industrial IoT use cases
Industrial IoT stays among the leading IoT segments due to its vast potential in
empowering manufacturing companies with real-time operational intelligence,
remote asset monitoring, predictive maintenance, and remote service capabilities.
Operational intelligence
Asset monitoring & maintenance
Predictive maintenance
Remote monitoring
Remote service
0% 5% 20%10% 25%15% 30% 35%
28% 3%
4%9%6%
6% 3% 3%
8%
4%
Industrial Internet of Things
(IIoT) leading use cases
worldwide as of 2019*
- Manufacturing
- Operations
- Service
10. In order to unlock the full potential of Industrial
IoT, companies have to do their homework and
lay out a fine-grained strategy for IoT adoption,
including answers to questions, such as how to
focus and how to scale.
The inherent complexity of Industrial IoT will
also require manufacturers to carefully choose
the needed technology stack, which may
include an IoT platform, modern analytics tools,
cloud infrastructure, connectivity protocols, etc.
Industrial IoT roadblocks
Top 5 roadblocks preventing the move from pilot to rollout, (% of respondents choosing the reason as one of their top 3)
Lack of resources/
knowledge to scale
45%
High cost of scaling
44%
Hard to justify
business case w/o
short-term impact
44%
Pilots demonstrate
unclear business
value
41%
Too many use
cases to prove
32%
Key issue: Where to focus?Key issue: How to scale?
11. Overarching challenges for
IoTadoption bybusinesses04
Clear understanding of IoT-
based business value to
specific business processes
01
Support and maintenance of
diverse IoT-enabled assets
02
Data ownership05
Device and data security04
Integration of IoT into existing
business applications
03
12. Impact of Covid-19
on IoT investment
05
Amidst the Covid-19 lockdowns, some companies reduced their spending on new technologies
while others accelerated their digital transformation efforts to become more resilient and efficient.
According to the latest data, it looks like IoT has become a growing priority for businesses, which
can be explained by clear ROI, good cost-saving opportunities, and process optimization benefits
from IoT solutions.
Reduced priority - 35% Increased priority - 47%
6% 29% 17% 28% 19%
SIgnificntly
reduced
Somewhat
reduced
No
impact
Somewhat
increased
Significantly
increased
1% - Not
implementing
13. Technologies to
further empower IoT
06
To make the most out of IoT, it is important to view it in the context of other technological trends
and cross-domain use cases. Together with other enablers for enterprise digital transformation, IoT
has so much more to offer.
5G Networks
IoT Platforms Intelligent Edge
Big Data
Cloud Technologies Sensor Innovation
Artificial Intelligence Blockchain
