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In 2015 we launched a new research channel focused on IoT, with data and insights from our survey activity painting a picture of a maturing technology segment and its innovative projects, success stories, use cases and ROI. This series of reports examines how different components of this technology segment are maturing.
A quick take on what is happening now in the IoT tech sector. From changing how we interact virtually to aiding large enterprises as they move into adjacent business areas, as well as finding ways to help SMEs get with the digital transformation program, IoT is the common enabling denominator.
As the IoT industry continues to mature, HCL's focus remains on large 'design and build' IoT projects. The company's methodology focuses on business benefits such as helping manufacturers take back control of aftermarket services.
Building on its R&D engineering capability, Cognizant is applying its time-based sensing and analytics consulting method to help clients realize their servitization ambitions. The company is seeing its IoT business growing rapidly, especially in the areas of Industry 4.0, smart products and smart buildings.
Semiconductor activity contributed to a strong year for IoT dealmaking in 2020, followed by a flurry of consolidation in the healthcare, transportation, manufacturing and wireless sectors. According to 451 Research's M&A KnowledgeBase, the total deal value of IoT acquisitions rose to nearly $69bn from $8bn in 2019.
The company has concluded that projects are no longer simply about delivery " they now involve codevelopment and partnership, in order to architect the overall project approach so that customers can operate a contract with requirements linked to outcomes.
As we all trudge valiantly into 2021 with the pandemic not yet under control, IoT is coming to the rescue in a variety of areas. Indeed, our data suggests growing enterprise interest in using IoT to address new, specific COVID-19 challenges.
With the as-a-service economy becoming mainstream, there is increasing pressure on OEMs to switch to outcome-based business models. This pressure is driving increased adoption of IoT-enabled service models and Infosys is engaging with manufacturing clients embarking on such servitization projects.
As enterprises seek to reduce costs and streamline business operations, they are not abandoning their digital transformation projects. The Trianz Transformative Application Management Model aims to address some of the most pressing workforce and business process challenges that are often neglected in transformation projects.
The IT vendor has identified IoT as a key area to address in both commercial and industrial domains, via its edge-to-cloud PaaS portfolio. HPE is building multiple strengths in cloud and edge technologies, and targeting opportunities to work with clients and partners that primarily operate in the world of industrial machines and devices.
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