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IoT in 2017: Where we’ve been and where we’re going

Blog Post created by iotnews Employee on Sep 12, 2017

Verizon released its annual “State of the Market:  Internet of Things 2017” report today, revealing the drivers and barriers to IoT adoption as well as the ways early adopters are getting a head start.    Based on insights from a study commissioned by Verizon and third party research,  this year’s report proves that the Internet of Things is at the core of digital transformation, with growth up 31 percent from 2016.  Some highlights include:

  • Opportunity for revenue growth is the biggest factor driving IoT adoption
  • Regulatory compliance remains a driving factor behind enterprise IoT implementation
  • Standards, security, interoperability, and cost make up over 50 percent of executive concerns around IoT

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