One of the areas that has most to benefit from the introduction of 5G is the Internet of Things (IoT), thanks to the technology’s higher data volumes, greater reliability and near-zero latency.
More than half (52%) of IoT adopters surveyed for Vodafone’s sixth Internet of Things Barometer said they plan to use 5G, along with mobile edge computing, which processes application traffic closer to the network edge, to achieve better performance and faster data speeds.
One third (34%) of businesses in the automotive, healthcare, financial services and transport and logistics sectors already use IoT, of which 70% have moved beyond the pilot stage.
Almost all adopters (95%) say they have seen benefits from their investment in IoT, with 83% enlarging the scale of their deployments and 76% describing them as mission-critical.
Sixty per cent believe that IoT has already completely disrupted their industry or will do so in the next five years. Three quarters (74%) warn that that non-adopters will have fallen behind their rivals within five years.
Michele Mackenzie, Principal Analyst at Analysys Mason, said: “The Barometer makes it clear that businesses are increasing their investment in IoT as they gain confidence and begin to develop more advanced solutions. In the short-term, users of IoT will continue to access reduced costs and improved efficiency, but increasingly ambitious projects will offer the opportunity to change business models.” Vodafone is the global leader in IoT with 80.9 million connections.