Omdia: 5G and eSIM are a must for IoT enterprises

LONDON – IoT deployments play a vital role in many enterprises' digital transformation strategies, yielding benefits such as productivity gains, costs savings, and achieving environmental sustainability goals. As a result, enterprises continue to increase their spending on IoT solutions and are broadly expanding deployments, according to the latest Omdia Internet of Things (IoT) Enterprise Survey. The results showed that enterprises are deploying, or are in the process of rolling out, IoT solutions and that 95% of respondents expect to see measurable benefits from IoT within two years of deployment.

Omdia's survey results reveal that while LTE (4G) remains a popular connectivity bearer, over 70% of enterprises are planning to use 5G connectivity. Meanwhile, eSIM/iSIM technology have or will be adopted by nearly 90% of enterprises over the next two years. This technology will enable enterprises to better manage costs and allow them to renegotiate future connectivity tariffs.

Omdia notes that the survey results suggest very positive growth in the deployment of IoT solutions and suggests there will be a positive knock-on effect for players across the IoT value chain, however there will be increased competition. Enterprises are increasingly reliant on vendors and partners, given that deploying IoT solutions is often complex and requires a diverse array of skills to succeed. Many enterprises cited internally obtaining the relevant resources and skills as a major hurdle.

Read the full press release here.

Omdia