Top 10 Strategic Imperatives in IoT and Edge, 2024
The Top Transformations Impacting Future Growth Potential
Strategic imperatives are concepts that companies embrace to overcome internal and external challenges, such as economic disruptions that make it difficult to prepare a company for the future. Frost & Sullivan has identified eight:
1. Innovative Business Models
2. Compression of Value Chains
3. Transformative Megatrends
4. Disruptive Technologies
5. Internal Challenges
6. Competitive Intensity
7. Geopolitical Chaos
8. Industry Convergence
An understanding of these imperatives allows companies able to formulate a solid, realistic vision and strategy to set long-term objectives and build a growth pipeline of innovative opportunities leading to sustained, transformational growth.
This study analyzes the strategic imperatives for the internet of things (IoT) and edge markets. Frost & Sullivan experts ranked them in terms of industry impact and described them in detail. These forces are profoundly impacting all participants within the IoT and edge ecosystem, driving the need for product innovation, revamped business models, new partnerships and a strategic roadmap to unlock new growth opportunities. The study spotlights companies to action, which are strategic ecosystem participants driving cutting-edge IoT and edge solutions, showcasing their contributions and potential to move the industry forward.
- Growth Environment—Top 10 Strategic Imperatives in IoT and Edge
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- Top Transformations Impacting Growth in IoT and Edge
- Top 10 Transformations Impacting Growth in IoT and Edge, 2024
- Transformation 1—Complexity of SIM card logistics
- Transformation 2—Absence of AI and Data Management in IoT Projects
- Transformation 3—Cybersecurity as the Top Concern for Government and Enterprises
- Transformation 4—Technology Integration Complexity, and Infrastructure and Application Visibility
- Transformation 5High Network Rollout and Expansion Costs
- Transformation 6—Relevant Upfront Costs and Complexity of Implementation and Maintenance for Mobile Private Networks
- Transformation 7—Low-Earth orbit satellite constellations increasing competition in IoT
- Transformation 8—Environmental, Social, and Governance at the Top of CEOs’ Agendas
- Transformation 9—Metaverse and Spatial Computing Depend on Industry Convergence to Evolve
- Transformation 10Battery Life of IoT Devices Not Enough for Some Use Cases
- Frost & Sullivan Analytics Perspectives
- Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
- Legal Disclaimer
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