Global Corporate Survey 2021: IoT Platform Investment Plans By Industry

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Executive Summary

This report helps heads of marketing, product and strategy at smart building technology firms understand purchase plans for Internet of Things (IoT) platforms by industry. The report draws upon data gathered during the Verdantix 2021 corporate survey, in which we conducted interviews with 285 senior real estate decision-makers at organizations that occupy mid to large real estate portfolios. Our analysis finds that adoption of building IoT platforms has grown markedly in the last year, particularly across space monitoring and agile working usage scenarios. Investment in building IoT platforms is set to continue, with half the firms in seven industries looking to increase their spending on IoT in 2022. IoT implementations will be further boosted by lowering solution costs, adoption of private 5G networks and growing traction around sustainability. 

Table of contents

Smart Workplace Strategies Accelerate IoT Adoption Globally 
Deployment Of IoT Solutions Grows Significantly Across Space Utilization Monitoring And Hotdesking Scenarios 
Smart Building IoT Platforms Will Experience Strong Cross-Industry Investment In 2022 
Emerging Digital Innovations Will Drive Momentum For IoT Adoption 

Table of figures

Figure 1. Building IoT Platform Adoption By Industry 
Figure 2. IoT Deployment Levels For Facilities Management Processes 
Figure 3. Building IoT Platform Expenditure Changes For 2022 By Industry 
Figure 4. Awareness Of Nine Digital Innovations For Real Estate Management 

About the authors

Dayann Charles Jeyamohan

Industry Analyst

Dayann is an Industry Analyst in the Verdantix Smart Buildings practice. His current agenda focusses primarily on IoT building solutions and the digitization of the built environment and facilities management. This covers themes and technologies across the IoT and cloud landscape including IoT hardware, edge computing and 5G connectivity. Dayann joined Verdantix in early 2020, having previously worked as a Business and Technology Consultant at IBM. He holds an M.Eng. in Engineering (Mechanical) with Business Finance from University College London.

Susan Clarke

Research Director

Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace management systems and IoT platforms for buildings. Her research expertise also includes a broad range of energy management technologies and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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