| 85% of major global companies and institutions adopting IoT
| IoT security issues shown to be independent of adoption rates
| AI, edge computing, and 5G are growth drivers in IoT market

A research report providing outlook and overview on IoT has been released.

Microsoft (MS) released the 'IoT Signals' report on the 25th.

MS prepared this report to provide market-level perspectives to the industry on a comprehensive view of the IoT ecosystem, including IoT adoption rates, related technology trends, challenges, and benefits.

To develop the report, MS conducted approximately 20-minute surveys with over 3,000 decision-makers from companies and institutions in the United States, United Kingdom, Germany, France, China, and Japan.

According to the report, IoT adoption rates are increasing rapidly, and respondents expect that within two years, IoT-related revenue will account for 30% of company sales.

However, to fully realize the many business advantages that IoT offers, issues arising from complexity, security concerns, and significant technology gaps between IoT systems must be resolved.

Sam George, head of MS's Azure IoT business division, stated, "IoT is transforming businesses across all industries and bringing about groundbreaking innovation," and added, "This report demonstrates that to fully leverage IoT's potential, addressing talent shortages and key issues such as security concerns and solution complexity is necessary."

According to IoT Signals, ▲85% of respondents are adopting IoT, and ▲75% are planning IoT projects. ▲88% of respondents who have adopted IoT believe it is essential for successful business operations, and they expect to achieve 30% ROI within two years. ▲97% of IoT adopters responded that while security issues exist when implementing IoT, this problem does not hinder IoT adoption. ▲38% of IoT adopters cited complexity and technical challenges as factors hindering IoT adoption. ▲Approximately half of IoT adopters experienced difficulties due to lack of talent and training, and ▲47% responded that there is a shortage of sufficiently skilled technical personnel.

▲Respondents identified AI, edge computing, and 5G as key technology drivers for IoT success over the next two years. Additionally, ▲approximately 30% of projects failed at the proof-of-concept stage due to high implementation costs or uncertain profitability.

With the proliferation of IoT devices, enterprises can maintain cutting-edge cloud intelligence to develop solutions that can adapt to and respond to their environments.

Carrie MacGillivray, group vice president of IoT, 5G, and Mobility at IDC, stated, "The IoT market will record a growth rate of 8.9% through 2025, and 41.6 billion IoT devices will be connected," and added, "As the market matures, IoT is evolving into a structure capable of information exchange not only between things but also between people and information."

Meanwhile, MS announced in April that it plans to invest 5 billion dollars in the IoT and Intelligent Edge ecosystem through 2022.