Information Technology Top 10 Strategic Imperatives in IoT and Edge, 2024

The Top Transformations Impacting Future Growth Potential


RELEASE DATE
23-Aug-2024
REGION
Global
DELIVERABLE TYPE
Strategic Forecasting

RESEARCH CODE
KA69-01-00-00-00
SKU
IT_2024_949
Yes
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Top 10 Strategic Imperatives in IoT and Edge, 2024
Published on: 23-Aug-2024 | SKU: IT_2024_949

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Strategic imperatives are concepts that companies embrace to overcome internal and external challenges, such as economic disruptions that make it difficult to prepare a company for the future. Frost & Sullivan has identified eight:

1. Innovative Business Models
2. Compression of Value Chains
3. Transformative Megatrends
4. Disruptive Technologies
5. Internal Challenges
6. Competitive Intensity
7. Geopolitical Chaos
8. Industry Convergence

An understanding of these imperatives allows companies able to formulate a solid, realistic vision and strategy to set long-term objectives and build a growth pipeline of innovative opportunities leading to sustained, transformational growth.

This study analyzes the strategic imperatives for the internet of things (IoT) and edge markets. Frost & Sullivan experts ranked them in terms of industry impact and described them in detail. These forces are profoundly impacting all participants within the IoT and edge ecosystem, driving the need for product innovation, revamped business models, new partnerships and a strategic roadmap to unlock new growth opportunities. The study spotlights companies to action, which are strategic ecosystem participants driving cutting-edge IoT and edge solutions, showcasing their contributions and potential to move the industry forward.

Author: Cecilia Perez

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Top Transformations Impacting Growth in IoT and Edge

Top Transformations Impacting Growth in IoT and Edge (continued)

Transformation 1—Complexity of SIM card logistics

Transformation 2—Absence of AI and Data Management in IoT Projects

Transformation 3—Cybersecurity as the Top Concern for Government and Enterprises

Transformation 4—Technology Integration Complexity, and Infrastructure and Application Visibility

Transformation 5High Network Rollout and Expansion Costs

Transformation 6—Relevant Upfront Costs and Complexity of Implementation and Maintenance for Mobile Private Networks

Transformation 7—Low-Earth orbit satellite constellations increasing competition in IoT

Transformation 8—Environmental, Social, and Governance at the Top of CEOs’ Agendas

Transformation 9—Metaverse and Spatial Computing Depend on Industry Convergence to Evolve

Transformation 10Battery Life of IoT Devices Not Enough for Some Use Cases

Frost & Sullivan Analytics Perspectives

Benefits and Impacts of Growth Opportunities

Next Steps

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A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
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  • Companies to Action

Impacting your company's future growth potential.

Strategic imperatives are concepts that companies embrace to overcome internal and external challenges, such as economic disruptions that make it difficult to prepare a company for the future. Frost & Sullivan has identified eight: 1. Innovative Business Models 2. Compression of Value Chains 3. Transformative Megatrends 4. Disruptive Technologies 5. Internal Challenges 6. Competitive Intensity 7. Geopolitical Chaos 8. Industry Convergence An understanding of these imperatives allows companies able to formulate a solid, realistic vision and strategy to set long-term objectives and build a growth pipeline of innovative opportunities leading to sustained, transformational growth. This study analyzes the strategic imperatives for the internet of things (IoT) and edge markets. Frost & Sullivan experts ranked them in terms of industry impact and described them in detail. These forces are profoundly impacting all participants within the IoT and edge ecosystem, driving the need for product innovation, revamped business models, new partnerships and a strategic roadmap to unlock new growth opportunities. The study spotlights companies to action, which are strategic ecosystem participants driving cutting-edge IoT and edge solutions, showcasing their contributions and potential to move the industry forward. Author: Cecilia Perez
More Information
Deliverable Type Strategic Forecasting
Author Cecilia Perez
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 IoT Strategic Imperatives
Keyword 2 Edge Computing Trends
Keyword 3 IoT Growth 2024
Podcast No
WIP Number KA69-01-00-00-00

Top 10 Strategic Imperatives in IoT and Edge, 2024

$2,450.00
In stock
SKU
IT_2024_949