Nordic enterprises, meanwhile, are looking for the right partners to ensure successful IoT deployments. Enterprises in the region are investing heavily in IoT projects, and they want vendors that can help them with the technical details and with strategies for entering the IoT market to achieve commercial success. Enterprise customers are looking at the IoT as a platform for change that will help the region become more connected and improve collaboration, the report says.
The report sees connected vehicles and smart buildings as the next big growth areas for the IoT in the Nordic region. Growth in the connected vehicles segment will be driven by usage-based insurance, vehicle diagnostics and vehicle-based computing platforms, the report says. Interest also is growing in intelligence transportation systems.
In the smart buildings space, the focus is on automation and security, with interest in using the technology in both commercial and residential buildings. IoT service providers should look for ways to integrate smart buildings and homes with the surrounding infrastructure to create smart cities, the report recommends.