IoT businesses must have 5G and eSIM technology: latest survey

The Internet of Things plays a vital role in the digital transformation strategies of many enterprises, bringing benefits such as increased productivity, cost savings and achieving environmental sustainability goals. As a result, companies are increasing their spending on IoT solutions and expanding deployments broadly, according to market research firm Omdia's latest IoT Enterprise Survey. Survey results show that enterprises are deploying or launching IoT solutions, and 95% of respondents expect to see measurable benefits within two years of deploying IoT

John Canali, chief analyst of IoT at Omdia, pointed out: “Although some technology giants have reduced their investment in IoT, enterprises are actively embracing IoT and achieving remarkable results. In fact, enterprises are very reluctant to adopt 5G. , fixed wireless access (FWA) and eSIM/iSIM and other new technologies are very much looked forward to.”

According to Omdia’s survey results, although LTE (4G) is still the mainstream connection carrier method, more than 70% of enterprises plan to adopt 5G connections. At the same time, nearly 90% of enterprises have adopted or plan to adopt eSIM/iSIM technology in the next two years. This technology will help businesses better manage costs and enable them to renegotiate future network connectivity charges

According to Omdia’s survey results, the deployment of IoT solutions is growing rapidly, which bodes well for positive knock-on effects for players across the entire IoT value chain, but will also intensify competition. Because the deployment of IoT solutions is often complex and requires multiple skills for successful implementation, enterprises are increasingly reliant on vendors and partners. Many businesses see internal access to relevant resources and skills as a major barrier

According to our survey, there are a lot of opportunities from hardware, software, connections to services. However, security remains a top concern for businesses, and vendors must not only be able to deliver secure products and services, but also be able to integrate effectively into wider solutions. Vendors that fail to provide security solutions will find themselves excluded from this growing market. Andrew Brown, Practice Director for IoT at Omdia added

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