There’s little argument that the explosive growth of the Internet of Things (IoT) market is having a major impact on the IT industry. For most enterprises, some of that impact will be felt on their IT budgets, suggests a new study from 451 Research.

Nearly two-thirds (65.6 percent) of the 575 IT and IoT decision-makers polled by analyst firm said they expect to increase their IT spending in the next 12 months because of planned IoT deployments. A scant 2.7 percent expect to reduce their spending instead.