1/3rd of Major Asian Enterprises Brought in IoT

Vodafone Korea released this year’s Vodafone M2M Barometer Report on Sept. 10.

According to it, one out of every three enterprises in Asia is adopting the Internet of Things (IoT) in the interest of their business, while approximately 60 percent of global industry leaders are enjoying an increase in profits by means of IoT principles.

The report was prepared based on a survey covering 650 enterprises located in 16 countries arond the world. In the survey, chief officers of the respondents were asked about how they were making use of the IoT and what the future prospects of the technology were. A total of 59 percent of the respondents answered that they earned a substantial income within a year from investment in IoT equipment and facilities, while 83 percent of the surveyees said the IoT was predicted to be a yardstick of corporate competitiveness soon.

Korean, Chinese, and Japanese companies showed particularly high rates of introduction. As of the end of the first quarter of this year, 35 percent of Asian companies were utilizing the IoT, while the ratio was 31 percent in Europe and 17 percent in North America. By industry, the application of IoT increased 88 percent in retail, followed by healthcare (47 percent), public development (32 percent), and automobile (14 percent).