94 percent of businesses will use IoT by the end of 2021 according to a Microsoft report
A new report from Microsoft shows that IoT is on the rise in major business sectors.
What you need to know
- Microsoft released a new IoT Signals report which breaks down IoT stats and trends.
- The report claims that 94 percent of businesses will use IoT by the end of 2021.
- The report states that 47 percent of surveyed companies that have adopted IoT believe there aren't enough skilled workers in IoT.
Microsoft released an IoT Signals report that shows trends and statistics surrounding the Internet of Things (IoT). The report shows that IoT is extremely common in the core industries of manufacturing retail/wholesale, transportation, government, and healthcare. The report claims that 94 percent of businesses will use IoT by the end of 2020.
Microsoft commissioned Hypothesis Group to perform the research. The data comes a "20-minute online survey [that] was conducted with over 3,000 decision makers at enterprise companies across the US, UK, Germany, France, China, and Japan who were currently involved in IoT."
The report lays out adoption across major industries, with retail/wholesale (90 percent) and manufacturing (87 percent) leading the way. It also states that growth doesn't show any signs of slowing down and that by the end of 2021, 94 percent of businesses will use IoT.
The report also shows that nearly all companies are concerned with the security of IoT. 97 percent of companies surveyed are "concerned about security when implementing IoT." It's noteworthy that despite this concern, the report states that security concerns do not hinder adoption.
Despite high adoption rates, the report states that 47 percent of companies that have adopted IoT believe that there are not enough available skilled workers in IoT.
The full report sheds quite a bit of light on the Internet of Things, including both the challenges it faces and the primary areas which it is successful.
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Sean Endicott is a tech journalist at Windows Central, specializing in Windows, Microsoft software, AI, and PCs. He's covered major launches, from Windows 10 and 11 to the rise of AI tools like ChatGPT. Sean's journey began with the Lumia 740, leading to strong ties with app developers. Outside writing, he coaches American football, utilizing Microsoft services to manage his team. He studied broadcast journalism at Nottingham Trent University and is active on X @SeanEndicott_ and Threads @sean_endicott_.