Facts and Stats

Jan 01, 2023
Still in the early adopter phase, 34% of companies are currently investing or planning on investing in IIoT technologies over the next year.
LNS Research *

Jan 01, 2023
47% of manufacturing companies do not expect to invest in IoT technologies in the foreseeable future.
LNS Research *

Jan 01, 2023
19% of manufacturing companies do not expect to invest in IoT technologies in the next 12 months
LNS Research *

Jan 01, 2023
15% of manufacturing companies expect to start investing in IoT technologies in the next 12 months but are still establishing a budget.
LNS Research *

Jan 01, 2023
9% of manufacturing companies have made significant investments in the IoT and expect it to increase in the future.
LNS Research *

Jan 01, 2023
7% of manufacturing companies have established a budget for IoT technology investment in the next 12 months.
LNS Research *

Jan 01, 2023
47% of the industrial market does not plan on investing in IoT in the foreseeable future and 44% of that market does not understand or know about the IoT.
LNS Research *

Jan 01, 2023
21% of manufacturing companies have interest in IoT but are still investigating the impact.
LNS Research *

Jan 01, 2023
16% of manufacturing companies understand/are aware of IoT but see no impact at this time.
LNS Research *

Jan 01, 2023
Only 4% of manufacturing companies have customer demands are causing them to start to invest in IoT technologies
LNS Research *