Omdia is part of Informa TechTarget

This website is owned and operated by Informa TechTarget, part of a global network that informs, influences and connects the world’s technology buyers and sellers. All copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. TechTarget, Inc.’s registered office is 275 Grove St. Newton, MA 02466.

header banner coverage

New Omdia research finds enterprises are turning to 5G for their IoT needs

14 July 2022

IoT concept_shutterstock_1089991652

LONDON, 14 July, 2022 – Enterprises are not only increasing their IoT spending and their deployment of devices but are doing so because IoT projects are meeting or exceeding return on investment (ROI) expectations according to the latest Omdia Internet of Things (IoT) Enterprise Survey. Omdia surveyed approximately 500 enterprises across countries that are deploying or are in the process of rolling out IoT solutions and found that over 90% of enterprises said their IoT projects have met or exceeded expectations.

“Both IoT and 5G have been derided as overpromising and underdelivering,” said John Canali, IoT Principal Analyst, Omdia, “yet the IoT market is still developing and 5G technology is still evolving. While sometimes outrageous proofs of concept are touted for headlines, our survey results are clear: enterprises are embracing IoT and 5G is emerging as the preferred type of connectivity.”       

Omdia’s survey results are positive for players across the IoT value chain. Communications service providers will likely see growth in high-bandwidth, high-value connections as 66% of enterprises are using or plan to use 5G connections while 53% of enterprises are using or plan on deploying new connections using LTE. The responses were similarly encouraging for growth in low-bandwidth connectivity such as NB-IoT and LoRaWAN. 

“For enterprises, IoT solutions do not come without hurdles. Security, privacy, and complexity continue to be the three greatest pain points for enterprises. These issues all present opportunities for systems integrators (SIs), cloud providers, hardware vendors, component suppliers, and various other IoT vendors.”  

In spite of the current economic climate and uncertainty around inflation, Omdia believes that enterprises will increasingly look to IoT solutions to address emerging enterprise needs including managing their supply chain or meeting environmental, social, and corporate governance goals (ESGs).

To learn more about the survey results from Omdia’s fourth annual IoT Enterprise Survey, please click here.

More From Our Experts and Leaders View All
Let's Connect

More insights

Assess the marketplace with our extensive insights collection.

More insights

Hear from analysts

When you partner with Omdia, you gain access to our highly rated Ask An Analyst service.

Hear from analysts

Omdia Newsroom

Read the latest press releases from Omdia.

Omdia Newsroom

Solutions

Leverage unique access to market leading analysts and profit from their deep industry expertise.

Solutions
register Banner

Register here for full complimentary research reports and content.

Get ahead in your business and receive industry insider news, findings and trends from Omdia analysts.

Register