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| | Report Snapshot: The Internet of Things 2018 | | Here's how much companies will invest in IoT solutions … In The Internet of Things 2018 report, BI Intelligence surveyed hundreds of executives at companies that are implementing IoT solutions to find out how much they plan to invest in the IoT through the next five years.
| | | | * This chart was taken from BI Intelligence's Internet of Things 2018 Report, which is available to Ultimate IoT Research Bundle subscribers. You can get full access to this chart as well as other timely updates when you sign up today. |
| Here are some other key points from the study: - Thirty-one percent of executives expect to spend less than $100,000 through 2022 on IoT solutions, while a further 37% plan to spend between $100,000 and $1 million.
- However, plans for spending seem to be rising from last year. In our 2016 survey, 54% of respondents said their companies planned to spend less than $100,000. This shift is likely due to some companies moving past the pilot stage, and pursuing wider IoT device rollouts that require more investment.
- There are fewer responses as the investment numbers grow larger, though the paucity of companies able to make multimillion dollar investments in the IoT provides some explanation for this trend.
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