According to a 2019 IoT survey, 46 percent of respondents are driven to spend more on Internet of Things technologies for improved security. Better data analytics capabilities and improved daily operational efficiencies are also important drivers behind increasing IoT spending.
Drivers of Internet of Things (IoT) spending worldwide as of 2019
Characteristic
Share of respondents
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451 Research. (December 3, 2019). Drivers of Internet of Things (IoT) spending worldwide as of 2019 [Graph]. In Statista. Retrieved July 24, 2024, from https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/
451 Research. "Drivers of Internet of Things (IoT) spending worldwide as of 2019." Chart. December 3, 2019. Statista. Accessed July 24, 2024. https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/
451 Research. (2019). Drivers of Internet of Things (IoT) spending worldwide as of 2019. Statista. Statista Inc.. Accessed: July 24, 2024. https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/
451 Research. "Drivers of Internet of Things (Iot) Spending Worldwide as of 2019." Statista, Statista Inc., 3 Dec 2019, https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/
451 Research, Drivers of Internet of Things (IoT) spending worldwide as of 2019 Statista, https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/ (last visited July 24, 2024)
Drivers of Internet of Things (IoT) spending worldwide as of 2019 [Graph], 451 Research, December 3, 2019. [Online]. Available: https://www.statista.com/statistics/1079622/iot-spending-drivers-worldwide/