Frost & Sullivan's annual survey, now in its fourth year, offers critical insights into the perceptions and behaviors of IT and business decision-makers as they navigate the rapidly evolving landscape of cloud technologies and Internet of Things (IoT) applications. Since 2020, Frost & Sullivan has conducted an annual survey targeting IT and business decision-makers to gauge their perceptions, decisions, and purchasing behaviors. The 2024 survey includes a set of IoT-specific questions that allow for comparisons of responses over time. The primary goal of the survey is to understand the evolving organizational priorities of respondents and how cloud-related technologies assist them in achieving their business objectives.
The results of the survey shed light on the decision-making processes in enterprises, highlighting the following:
• The decision-makers that drive the adoption of digital solutions
• The ways in which enterprises prioritize challenges and set their objectives
• The benefits experienced across different regions and industries
• The infrastructure options that enterprises are currently using and those they plan to implement
• The key IoT applications being utilized across verticals
• A ranking of spending on various components
• Expectations for future growth
- Research Objectives and Methodology
- Respondent Profile
- Decision-makers and Objectives
- IT Department and Line of Business Officers Drive Decisions
- Revenue Growth and CX Improvement the Top Business Objectives
- IoT Adoption and Challenges
- Businesses Prefer Small Projects
- The Tactical IoT Challenges Persist
- Benefits of IoT Implementation
- `Employee Safety' and `Automate Manual Processes' as Top IoT Benefits
- Regional Similarities and Differences in Benefits Experienced
- Table Benefits of IoT Implementation by Region, 2024
- Industry Similarities and Differences in Benefits Experienced
- Table Benefits of IoT Implementation by Industry, 2024
- Connectivity and Data
- Regional Differences in Wireless Connectivity
- Growth in Data Volume Remains Stagnant
- Regional Similarities and Industry Outliers by Application
- Regional Differences in Application
- Heavy Usage Outliers
- IoT Infrastructure
- IoT Security Prevails in IoT Infrastructure
- AI Gains Traction in IoT Infrastructure
- Spending and Business Expectations
- Positive Investment Expectations in 2025
- The Last Word
- Key Findings
- Appendix
- Growth Opportunities Fuel the Growth Pipeline Engine
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8TM
- Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook