{"product_id":"iot-use-case-adoption-report-2024","title":"IoT Use Case Adoption Report 2024","description":"\u003cp\u003e\u003cspan style=\"color: rgb(34, 34, 34); font-size: 24px; font-weight: 700;\"\u003eQuestions answered\u003c\/span\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eWhat are the most adopted IoT use cases (out of a list of 27)?\u003c\/li\u003e\n\u003cli\u003eWhich IoT use cases have the highest return on investment (ROI)?\u003c\/li\u003e\n\u003cli\u003eWhich KPIs are most important for a company’s IoT strategy, and how are the KPIs affected by implementing IoT use cases?\u003c\/li\u003e\n\u003cli\u003eHow much do companies spend on hardware, software, and services for individual IoT use cases?\u003c\/li\u003e\n\u003cli\u003eWhich IoT use cases do companies plan to invest in the most in 2024?\u003c\/li\u003e\n\u003cli\u003eWho are the leading vendors for IoT use cases, how satisfied are end users, and what are the strengths and weaknesses of the top vendors?\u003c\/li\u003e\n\u003cli\u003eWhat challenges do IoT end users face when implementing use cases?\u003c\/li\u003e\n\u003cli\u003eHow do companies ensure their workforce has the necessary IoT skills?\u003c\/li\u003e\n\u003cli\u003eHow much are companies’ IoT strategies impacting their sustainability goals?\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cstrong\u003eCompanies mentioned\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eA selection of companies mentioned in the report.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eABB   AT\u0026amp;T   AWS  Accenture  BCG  Bosch  Cisco  Dell  Google\u003c\/p\u003e\u003cp\u003eHoneywell  IBM  Microsoft  Oracle  Palo Alto Networks  Rockwell Automation\u003c\/p\u003e\u003cp\u003eSAP  Salesforce  Schneider Electric  Siemens\u003c\/p\u003e\u003cp\u003e\u003cspan style=\"color: rgb(34, 34, 34); font-size: 24px; font-weight: 700;\"\u003eAbout the report\u003c\/span\u003e\u003c\/p\u003e\u003cp\u003eThe \u003cb\u003eIoT Use Case Adoption Report 2024 \u003c\/b\u003eis part of IoT Analytics’ ongoing coverage of the \u003ca href=\"https:\/\/iot-analytics.com\/our-coverage\/general-iot\/\" target=\"_blank\" rel=\"noopener\"\u003eIoT in general\u003c\/a\u003e. The information presented in this report is based on an extensive survey of IoT end-users in manufacturing, healthcare, retail, and other industries. The purpose is to inform other market participants about the current state of adoption of IoT use cases across companies.\u003c\/p\u003e\u003ch3\u003eHow IoT use cases have evolved since 2021\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eIoT initiatives are \u003c\/b\u003e\u003cu\u003e\u003cb\u003eeven more\u003c\/b\u003e\u003c\/u\u003e\u003cb\u003e successful, but payback takes time. \u003c\/b\u003eCurrently a majority of IoT projects have a positive ROI, a 13-percentage point increase compared to 2021. However, the share of projects that amortize in 2 years have declined.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAPAC is \u003c\/b\u003e\u003cu\u003e\u003cb\u003esteadily\u003c\/b\u003e\u003c\/u\u003e\u003cb\u003e ahead; North America \u003c\/b\u003e\u003cu\u003e\u003cb\u003eis catching up\u003c\/b\u003e\u003c\/u\u003e\u003cb\u003e. \u003c\/b\u003eIn 2024, APAC companies are still at ~11 use cases rolled out on average (+0.9 increase since 2021). North America and Europe have each rolled out ~10 use cases (+3.5 and +1.7 since 2021, respectively).\u003c\/p\u003e\u003ch3\u003eThis report includes 27 IoT use cases across smart operations, smart supply chain, and connected products\u003c\/h3\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eProcess automation\u003c\/b\u003e. Integrating IoT to automate routine processes, enhancing productivity and accuracy.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eQuality control \u0026amp; management\u003c\/b\u003e. Integrating IoT (e.g., machine vision) to enhance quality processes.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eEnergy monitoring\u003c\/b\u003e. Integrating IoT to monitor energy consumption for individual assets.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eOperations planning and scheduling\u003c\/b\u003e. Leveraging IoT for real-time scheduling and planning to improve operational efficiency.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eAsset performance optimization. \u003c\/b\u003eUtilizing IoT to enhance operational efficiency and effectiveness of assets.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eRemote asset monitoring. \u003c\/b\u003eUtilizing IoT to monitor assets remotely in a read-only format for performance tracking.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eCondition-based maintenance\/monitoring. \u003c\/b\u003eUtilizing IoT to perform maintenance based on the condition of equipment.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003ePlant\/worker safety. \u003c\/b\u003eLeveraging IoT (e.g., smart cameras) to enhance safety measures within a plant and for workers.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eEmissions\/waste tracking. \u003c\/b\u003eIntegrating IoT to monitor emissions or waste of operations.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eRemote asset control. \u003c\/b\u003eEmploying IoT for remote control of assets (e.g., remote trouble shooting).\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eWork condition monitoring. \u003c\/b\u003eEmploying IoT for monitoring environmental conditions of workers (e.g., temperature, humidity, air quality) to ensure worker health.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003ePredictive maintenance. \u003c\/b\u003eEmploying IoT to predict when maintenance is required to prevent downtime.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eAugmented services\/maintenance. \u003c\/b\u003eUsing augmented reality (AR) to improve field service and maintenance.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eAugmented operations. \u003c\/b\u003eUsing augmented reality (AR) to improve operations.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eReal-time inventory management. \u003c\/b\u003eUtilizing IoT for tracking inventory levels in real-time to optimize stock and reduce shortages or excesses.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eSupply chain track \u0026amp; trace. \u003c\/b\u003eEmploying IoT for monitoring the location, condition and\/or status of products and materials along the supply chain.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eOn-site facility track \u0026amp; trace. \u003c\/b\u003eEmploying IoT for real-time tracking and tracing of assets on a site (e.g., in a factory or warehouse).\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eLocation tracking (e.g., GPS). \u003c\/b\u003eEmploying IoT for real-time location tracking of products\/assets\/devices.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eSustainability and energy efficiency. \u003c\/b\u003eEmploying IoT to monitor and control energy usage of products, promoting sustainability and cost savings for users.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eCondition\/health monitoring. \u003c\/b\u003eUtilizing IoT for monitoring the condition, status or health of products\/assets\/devices.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eIoT-data based product usage optimization. \u003c\/b\u003eLeveraging IoT data for optimizing product usage and offering suggestions to customers.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003ePredictive maintenance. \u003c\/b\u003eEmploying IoT to predict and perform maintenance on products\/assets\/devices.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eRemote asset control. \u003c\/b\u003eEmploying IoT for remote control of products (e.g., remote troubleshooting).\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eProduct engineering. \u003c\/b\u003eUsing actual IoT product usage data from customers to enhance future products.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eSelling assets\/products “as-a-service”. \u003c\/b\u003eUtilizing IoT to offer products or assets as a service.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eOver-the-air firmware updates (FOTA). \u003c\/b\u003eLeveraging IoT for remote firmware updates.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eOver-the-air software updates (SOTA). \u003c\/b\u003eEmploying IoT for remote software updates.\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch3\u003eAnalyses in the report includes\u003c\/h3\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eIoT use case adoption \u003c\/b\u003e(by region, by industry, by use case group)\u003c\/li\u003e\n\u003cli\u003eDetailed \u003cb\u003ebreakdown of IoT use case spending\u003c\/b\u003e (upfront, recurring, hardware, software, services)\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eReturn on investment\u003c\/b\u003e (by region, by industry, amortization by use case)\u003c\/li\u003e\n\u003cli\u003eUse case \u003cb\u003einvestment priorities\u003c\/b\u003e (by region, by industry, change by use case)\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eImpact of IoT implementation\u003c\/b\u003e on company KPIs (e.g., Overall equipment efficiency, revenue, quality)\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eChallenges faced \u003c\/b\u003ewhen implementing IoT use cases\u003c\/li\u003e\n\u003cli\u003eMethods of ensuring a \u003cb\u003eskilled workforce\u003c\/b\u003e\n\u003c\/li\u003e\n\u003cli\u003eImpact of IoT strategy on company’s \u003cb\u003esustainability goals\u003c\/b\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eKey vendors for IoT use cases\u003c\/b\u003e and \u003cb\u003evendor satisfaction\u003c\/b\u003e with deep dives on strengths and weaknesses of most used vendors and most used vendors by tech stack\u003c\/li\u003e\n\u003cli\u003eDetailed \u003cb\u003ecase studies for every use case\u003c\/b\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eDeep dives\u003c\/b\u003e for each of the 27 use cases (adoption, spending, ROI, planned investment, impact on company KPIs)\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eA detailed overview if all included analyses can be found in the Table of contents below\u003c\/p\u003e\u003cp\u003eOur insights are trusted by global industry leaders\u003c\/p\u003e\u003cfigure\u003e\u003cspan class=\"et_pb_image_wrap \"\u003e\u003cimg decoding=\"async\" width=\"150\" height=\"74\" src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/abb_logo_grey_150x74_v2.png\" alt=\"abb_logo_grey\" title=\"abb_logo_grey_150x74_v2\" class=\"wp-image-121421 entered lazyloaded\" data-lazy-src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/abb_logo_grey_150x74_v2.png\" data-ll-status=\"loaded\" style=\"margin: 0px; padding: 0px; outline: 0px; text-size-adjust: 100%; vertical-align: baseline; background: transparent; position: relative;\"\u003e\u003cimg decoding=\"async\" width=\"150\" height=\"74\" src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/samsung_logo_grey_150x74.png\" alt=\"samsung_logo_grey\" title=\"samsung_logo_grey_150x74\" class=\"wp-image-121416 entered lazyloaded\" data-lazy-src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/samsung_logo_grey_150x74.png\" data-ll-status=\"loaded\" style=\"background: transparent; padding: 0px; outline: 0px; text-size-adjust: 100%; vertical-align: baseline; position: relative; margin: 0px;\"\u003e\u003c\/span\u003e\u003c\/figure\u003e\u003cfigure\u003e\u003cspan class=\"et_pb_image_wrap \"\u003e\u003cimg decoding=\"async\" width=\"150\" height=\"74\" src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/Microsoft_logo_grey_150x74.png\" alt=\"Microsoft_logo_grey\" title=\"Microsoft_logo_grey_150x74\" class=\"wp-image-121422 entered lazyloaded\" data-lazy-src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2018\/05\/Microsoft_logo_grey_150x74.png\" data-ll-status=\"loaded\" style=\"margin: 0px; padding: 0px; outline: 0px; text-size-adjust: 100%; vertical-align: baseline; background: transparent; position: relative;\"\u003e\u003cimg decoding=\"async\" width=\"150\" height=\"74\" src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2021\/03\/logo-sony.png\" alt=\"logo-sony\" title=\"logo-sony\" class=\"wp-image-139261 entered lazyloaded\" data-lazy-src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2021\/03\/logo-sony.png\" data-ll-status=\"loaded\" style=\"background: transparent; margin: 0px; padding: 0px; outline: 0px; text-size-adjust: 100%; vertical-align: baseline; position: relative;\"\u003e\u003c\/span\u003e\u003c\/figure\u003e\u003cp\u003e\u003cspan class=\"et_pb_image_wrap \"\u003e\u003cimg decoding=\"async\" width=\"150\" height=\"74\" src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2020\/05\/Siemens-logo.png\" alt=\"Siemens logo\" title=\"Siemens logo\" class=\"wp-image-135837 entered lazyloaded\" data-lazy-src=\"https:\/\/iot-analytics.com\/wp-content\/uploads\/2020\/05\/Siemens-logo.png\" data-ll-status=\"loaded\" style=\"margin: 0px; padding: 0px; outline: 0px; text-size-adjust: 100%; vertical-align: baseline; background: transparent; position: relative;\"\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"IOT Analytics","offers":[{"title":"Single User License","offer_id":50506422976582,"sku":"IOTANALYTICS18","price":487500.0,"currency_code":"INR","in_stock":true},{"title":"Team User License","offer_id":50506423009350,"sku":"IOTANALYTICS18-2","price":585000.0,"currency_code":"INR","in_stock":true},{"title":"Enterprise Premium License","offer_id":50506423042118,"sku":"IOTANALYTICS18-3","price":780000.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0754\/2797\/1142\/files\/iot-use-case-adoption-report-2024.png?v=1791613205","url":"https:\/\/cb-india.com\/products\/iot-use-case-adoption-report-2024","provider":"Computer Bookshop (India) Pvt Ltd","version":"1.0","type":"link"}