2021 State of IoT Adoption Report.

Insights from 500 senior decision-makers on how they prioritize their IoT plans.

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To assess the current state and scale of IoT adoption, we surveyed 500 senior decision-makers and implementers of IoT from the US and the UK.

As part of the study, we wanted to find out what organizations are grappling with as they prioritize and accelerate their IoT plans.

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The research explores the opportunities, challenges, and trends facing UK and US businesses when it comes to implementing IoT, and in particular the impact of COVID-19 on IoT adoption. 

It highlights the criticality of intelligent connectivity in fueling the adoption of IoT as well as other key technology drivers, both now and in the future.

Topics covered in this State of IoT Adoption Report

A decade ago, Cisco predicted that we would have 50 billion internet-connected things by 2020. However, fast forward to the present day and the reality has fallen far short of the forecast. So, what has hindered these IoT predictions from coming to fruition?

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98% said that COVID-19 has impacted their IoT plans; for 27% it has accelerated development of their IoT initiative and 31% said they had increased investment plans.

35% of respondents indicated that device onboarding, testing and certification, and cellular connecting across multiple countries and regions had proved difficult.

89% are planning to increase budget, with under half (44%) planning to boost spending by between 51 and 100% in the next two years.

88% of survey respondents had deployed fewer than 10,000 devices.

Top three benefits that IoT projects include entering new markets (35%), increasing profit (34%) and delivering new lines of business (32%).

39% said security was their biggest hurdle.

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