Enterprise software giant Red Hat has discovered companies are subscribing to a slow - and - steady stategy when it comes to incorporating the IoT technologies into their environment . The report found that only 12 percent of companies were using IoT solutions in their work . By Rob Enderle, March 13, 2020 Red Hat says this is an encouraging trend , writing " Far from being a negative , this mirrors the typical enterprise adoption of new technologies , with project roll - outs often taking far longer than they would in smaller organizations or in the consumer world " . IDC recently reported that the IoT market is expected to balloon to $ 1.7 trillion by 2020 .
Enterprise software giant Red Hat has discovered companies are subscribing to a slow - and - steady stategy when it comes to incorporating the IoT technologies into their environment . The report found that only 12 percent of companies were using IoT solutions in their work . Red Hat says this is an encouraging trend , writing " Far from being a negative , this mirrors the typical enterprise adoption of new technologies , with project roll - outs often taking far longer than they would in smaller organizations or in the consumer world " . IDC recently reported that the IoT market is expected to balloon to $ 1.7 trillion by 2020 .