More and more organizations are investing in IoT and their number in Europe alone is more than 2.5 million companies and organizations (as of May 2020, according to Statista). But despite the 805 billion dollars spent globally on IoT-related investments, in 2023 they grew less than the original forecast, which, according to Statista, can be attributed to the coronavirus pandemic. The forecast for global spending on IoT by 2023 was 1.1 trillion US dollars. Region-wise, Asia Pacific held the largest share of the IoT market. North America came in second, followed by Europe, the Middle East and Africa.
Security, efficiency and operating costs the most important reasons
What are the main reasons for companies’ IoT investments? There are several, but security appears to be a growing problem for companies. In fact, when asked why they adopted IoT, the majority of European IoT users stated that the reason was to improve security. Other reasons were to reduce operating costs and improve efficiency.
The security parts are also what AddSecure emphasizes as one of its most important perspectives in the IoT work. In fact the company claim that they are, “a leading European supplier of secure IoT connections and end-to-end solutions.” By combining connected, data-driven and sensor-based solutions with long experience and expertise, it act in several different industries. The company has over 1,100 employees and provides both managed services and connection to all types of devices that need secure communication and data transfer.
AddSecure’s IoT solutions are used in real estate, alarms, transport and logistics, personal safety, digital care, construction sites, municipalities, schools, emergency services, power grids and more. The head office is located in Stockholm, Sweden, but the operations cover the whole of Europe and also serve customers all over the world.
