Verizon Business IoT market survey: IoT a smart bet, AI a major accelerator

Core Insights - A Verizon Business survey of 500 U.S. companies utilizing IoT services reveals significant optimism regarding ROI, growth potential, and ongoing technology use [2][4] - The survey highlights the importance of strong network foundations and effective IT integration for successful IoT deployment at scale [3][6] Group 1: Key Findings - 87% of respondents consider systems integration support from mobile network operators critical for successful IoT deployment [6] - 84% of enterprises view AI as a key technology for IoT, with 70% stating it has accelerated their IoT deployments [8] - More than 50% of organizations cite efficiency and productivity gains as the primary driver for IoT investment [8] - 98% of enterprises expect real benefits from IoT deployment within two years, with most anticipating returns in less than 12 months [8] Group 2: Industry-Specific Insights - In manufacturing and warehousing, 59% cite cost savings as the key driver for IoT deployments [10] - In retail, 83% of respondents are deploying or planning to deploy personalized customer experiences through IoT [11] - In logistics and supply chain, 58% are currently using IoT for real-time shipment tracking, with plans for warehouse automation and predictive maintenance [12] - In automotive, 94% of original equipment manufacturers agree that 5G provides the necessary speed and bandwidth [13] - In healthcare, 56% are utilizing IoT for remote patient monitoring [15] Group 3: Emerging Technologies - 52% of respondents plan to use private wireless networks for IoT projects in the next 12-24 months, a 24% increase from current usage [17] - 81% of organizations see value in 5G, with 74% planning to adopt 5G RedCap and integrate satellites into their IoT roadmap [17] - 78% consider network slicing essential for customizing IoT performance, particularly in logistics and supply chain [17] - eSIM adoption is experiencing significant growth, with a 240% year-over-year increase in monthly average connectivity [17]