A recent report shows that 64% Internet of Things (IoT) decision makers at enterprises prefer an off-the-shelf IoT solution over a custom offering
The report by Oracle, '5 Best Practices of Leading IoT Adopters,' indicates that enterprise adopters of IoT are 'increasing demand for an easy route to IoT capabilities that provides faster time to value,' according to Oracle in November.
The report shows 75% of respondents want connectivity to be 'baked-in' or bundled by the solution provider, and 70% want providers to include data and analytics tools as part of a comprehensive solution.
IoT Analytics forecast the global number of connected IoT devices would grow to 12.3 billion active endpoints in 2021
That number is expected to grow exponentially in the near future as more and more industries make use of long-range wireless capability. For example, president Biden's infrastructure plan promised major investment in smart cities and smart municipalities across the United States. 2022 will also see IoT growth in the manufacturing and utility sectors as 'brownfield industries' look to update their existing machinery for Industry 4.0. Both of these factors will bring about a massive surge in demand for low power wide area network (LPWAN) solutions using the long range wide area network (LoRaWAN) standard next year.