Key Findings

IoT spend will increase by 20% to $103 million in 2018

Across the 13 industries we studied, some 79% companies use the IoT to track their customers, products, the premises in which they do business with customers, or their supply chains. This year, companies with IoT initiatives that completed all our survey questions will invest $86 million – or 0.4% of revenue – apiece to further their projects. They expect their IoT budgets to rise by 20% by 2018 to $103 million.