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Interest in IoT Remains High, Despite 5G Concerns

Stockhouse Editorial
1 Comment| September 9, 2021

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(Image via Information Services Group.)

A new report found that Interest in using 5G networks for enterprise Internet of Things (IoT) applications is high in the US, even though questions remain about the deployment of the latest mobile technology.

Titled the 2021 ISG Provider Lens Internet of Things – Services and Solutions Report for the US, the study found that despite continuing concerns about the location of 5G towers, misinformation about health effects, and spotty deployment, interest in using IoT across several industries is still growing.

The study published on Thursday by global technology research and advisory firm, Information Services Group (NASDAQ: III) reported that even though overall deployment of the IoT slowed in 2020, due in part to the impact of COVID-19, smart manufacturing initiatives in the US had been moving forward quickly before the pandemic, and the manufacturing sector increased its spending on IoT outsourcing contracts in the last year, the report says. Outside of manufacturing, spending on IoT outsourcing contracts across industries began to rebound in Q4 2020.

Principal analyst with ISG Research and author of the report, Ron Exler called the 5G hype rampant, and not all spectrum types are available in a particular country or on a particular mobile network.

“Enterprises need to work with their network and IoT providers to manage the selection of replacement technologies in advance of shuttering events, preferably in conjunction with 5G deployment.”

He added that despite the uncertainty over 5G, US enterprises are showing renewed interest in the IoT and the industrial IoT.

“Manufacturers need smart factories and supply chains to keep up with the competition, and consumers are demanding smart, connected vehicles with a focus on user experience,” said Dave Lewis, partner, ISG Manufacturing. “Many organizations already have chosen their IoT platforms and use cases, and are looking to their service providers to help them scale deployments.”

To read the study in full, click here.

The report also found that many companies rolling out IoT remain concerned about cybersecurity, and they’re turning to service providers to help them protect the data flowing over IoT systems.

Have you been experiencing 5G when you are out and about? Have IoT-related stocks made an impact on your portfolio? Let us know your thoughts in the comments below.


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