IoT market growing exponentially to $1.29 trillion; IoT endpoints to exceed 30 billion by 2020
NEW DELHI, India, October 12, 2017 – The disruptive impact of digital technologies and the transformation they bring is being felt across organizations and industries worldwide, leading to the emergence of the “Digital Economy.” Key amongst this is the Internet of Things (IoT). IoT is poised to transform the way businesses generate and consume data while providing insights previously unavailable due to various constraints.
IDC’s technology spotlight, sponsored by Aeris, highlights the key factors business leaders should consider when selecting an IoT solution. The IoT market continues to see strong growth and IDC predicts that the worldwide IoT market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 2020, with a compound annual growth rate (CAGR) of 15.6 percent. The installed base of IoT endpoints will grow from 12.1 billion at the end of 2015 to more than 30 billion by 2020.
A key factor driving adoption of IoT is the increasing realization of the value that IoT brings along with improving customer experience. Most businesses today are either at a starting point in their IoT journey or are in some stage of considering an IoT deployment.
IDC’s technology spotlight assesses the Aeris® IoT Services platform, a comprehensive, patented and end-to-end IoT enabler for enterprises, original equipment manufacturers and service providers around the world. IDC outlines the current enterprise trends, with appropriate use cases, to help business leaders make informed decisions about offerings, such as Aeris and its IoT platform that addresses enterprises’ needs for a reliable, mobile, flexible, secure and cost-effective IoT solution.
- Dr. Rishi Bhatnagar, President of Aeris in India
“When you are talking about enhancing the customer lifetime value, smoothening customer onboarding or even making it easier for businesses to deliver sophisticated customer experiences, IoT technologies lead the way. Today, IoT has gone way beyond tagging and tracking and has entered diverse domains and is enabling a range of business benefits. Aeris is at the forefront of driving IoT adoption through a unique blend of offerings that help unlock the true enterprise value of IoT.”
- Arjun Vishwanathan, Associate Director for Emerging Technologies, IDC India
“As CIOs, IT, and business leaders move toward transforming their enterprises and expanding their digital footprint, the role of IoT will be a lynchpin for causing disruption and driving transformation. There is broad consensus across industries and roles on IoT playing a major role in delivering better efficiencies, productivity and customer experience.”
Aeris is a global technology partner with a proven history of helping companies unlock the value of IoT. For more than a decade, we’ve powered critical projects for some of the most demanding customers of IoT services. Aeris strives to fundamentally improve businesses by dramatically reducing costs, accelerating time-to-market, and enabling new revenue streams. Built from the ground up for IoT and road tested at scale, Aeris IoT Services are based on the broadest technology stack in the industry, spanning connectivity up to vertical solutions. As veterans of the industry, we know that implementing an IoT solution can be complex, and we pride ourselves on making it simpler.
# # #