target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: IDC Survey Spotlight - Doc Document number: # US51211823
Automation, Digital Business Demands, and Mobile Network Evolution Drive Enterprise Investment Growth in IoT Solutions
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Abstract
This IDC Survey Spotlight examines the current worldwide status of investment growth in IoT solutions as part of the overall enterprise investment strategy in connectivity. As different industries embrace more capable networks and expand their digital footprint, IoT solutions and applications become increasingly important to help drive efficiency, automation, health and safety, and agility. IDC's 2023 Future of Connectedness Survey shows that 54% of enterprises expect to increase investment over the next 12 months, with the retail, hospitality, construction, and energy industries nearly 10 points higher than the average.
These results are from IDC's recently completed Future of Connectedness Survey, which surveyed 770 enterprises worldwide to understand the current state of digital business initiatives, connectivity priorities and challenges, and investment expectations and to gain visibility into how organizations are pursuing their own strategies to become more agile and connected.