1. Most Solution Providers Are Making Money Today With IoT

While the Internet of Things may be in its infancy stage, most solution providers interviewed are making money from it – only 15 percent of respondents said they are making no money at all from IoT.

However, the majority of respondents – 31 percent – said IoT makes up less than 5 percent of their annual revenue.

Other solution providers are finding more success in monetizing IoT. Up to 27 percent of respondents said their IoT business is between 5 percent and 10 percent of their annual revenue, while 21 percent said it made up between 11 percent and 30 percent of revenue.

A smaller portion of solution providers – 6 percent – said IoT business makes up more than 30 percent of annual revenue.