New Economist Intelligence Unit report on global IoT market


The Economist Intelligence Unit has issued its latest report: "The IoT Business Index 2020: A Step Change in Adoption". Sponsored by Arm, this is one of the longest-running business studies into IoT, offering a rare global measure of IoT implementation.

Highlights include:

  • Since 2017, IoT adoption has advanced substantially; the average company is now on the cusp of early implementation of IoT-powered products and services.
  • Progress reflects increased investment: 82% of execs surveyed say their organizations grew their IoT investment in the past three years, up from 62% who said the same in 2017. This investment is delivering returns, respondents say: most agree either “somewhat” (38%) or “strongly” (19%) that their use of IoT has delivered “more than its expected return on investment”.
  • Artificial intelligence (AI) is viewed as vital to realizing the value of IoT data. Just over a quarter of survey respondents (26%) say that IoT data are pivotal to their current or planned use of AI, with 56% identifying IoT as “one of many important sources” for AI initiatives.
  • Security concerns still hamper IoT adoption – 45% of respondents believe that security concerns have held back consumer adoption, and over a third (37%) say these concerns have discouraged their companies from pursuing an IoT strategy.

Read more about the report in this blog and access the full study here.


ARM is at the heart of the world’s most advanced digital products. Our technology enables the creation of new markets and transformation of industries and society.

Arm Ltd