IDC thinks the IoT market is set to explode

hindenburg_burningBeancounters at IDC think that the Internet of Things (ioT) is suddenly going to stop being a buzz word and “explode.”

According to an IDC report IoT  is gaining traction as enterprise companies pivot away from proof-of-concept projects to scalable IoT deployments in 2016.

A third of companies have announced IoT offerings incorporating cloud, analytics and security capabilities, while an additional 43 percent of companies are looking to deploy offerings in the next year.

Carrie MacGillivray, vice president of mobility and Internet of Things at IDC said that outfits are starting to understand the benefits that IoT can bring.

She added that a strong partner ecosystem is essential and channel and systems integrators as playing an increasingly important role.

Companies are seeing vendors leading with an integrated cloud and analytics offerings as “critical partners” in an organization’s IoT investment, IDC found.

IDC’s survey found that 55 percent of respondents see IoT as strategic to their business to help them compete more effectively, there are still challenges – many organizations cited lack of internal skills as a top concern in deploying an IoT offering.