IoT development drives growth and leadership opportunities

Farnell’s fourth annual Global IoT Survey 2022 confirms the continued growth of the IoT across a wide range of industries, with the increasing deployment of AI technology and need for partners when delivering IoT solutions emerging as key trends.

This year, there was a dramatic change in the attitude to deploying artificial intelligence (AI) in IoT systems. Engineers are better informed and more willing to deploy AI as they find ways to use it to improve products and increase the return-on-investment of their systems. The research also showed a growing trend for establishing partnerships to accelerate the delivery of new IoT solutions as well as the continued advancement of Industry 4.0 and importance of selecting the most appropriate connectivity platform early in the design process. 

The survey results confirmed that while IoT deployment continues to grow strongly, there is no single ‘defining’ IoT application. Multiple industries are adopting IoT in their own way at statistically similar rates.

Cliff Ortmeyer, global head of technical marketing for Farnell said: “Many businesses are finding new and inventive ways to incorporate IoT hardware, software, and cloud-based applications across a diverse range of industry sectors. However, it’s challenging to identify a core driver outside of what is already working for them within their immediate scope of work.

“Nevertheless, the migration to a world benefiting from the IoT is only set to grow and warrants our investment in future annual surveys. Farnell is committed to supporting customers in their IoT journey and can offer a growing portfolio of IoT products and solutions, as well as access to new market insights that enables innovation.”