Gartner Research

Consider All Cost Elements When Planning for an Internet of Things Initiative

Published: 01 July 2015

ID: G00278428

Analyst(s): Federica Troni


The cost items needed to set up an IoT initiative vary widely by vertical. Our list of budgetary items will help IT leaders supporting IoT initiatives to determine costs and it will provide a way to map and size the capital and operating costs quoted by the technology and service providers involved.

Table Of Contents


  • Capital Expenditure (capex)
    • Hardware Costs
    • Software Costs
    • Security
    • Design
    • Implementation
  • Operating Expenditures (opex)
    • Operations
    • Hardware and Software Maintenance
    • Hardware and Software Services
    • Administration
    • Communication Services
  • Downtime
  • Incremental Value of IoT Initiatives

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