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Key insights In Q1 2024, the cellular IoT module market grew 7% year-over-year, according to IoT Analytics’ latest Global Cellular IoT Module and Chipset Tracker & Forecast update. Driving this growth was an upswing in module demand in China, which counterbalanced the remaining inventory and demand issues in much of the world. Connectivity technologies like 5G and LTE Cat-1 bis experienced a combined 67% market growth year-over-year, contributing to the overall cellular IoT module market gr...| IoT Analytics
In short According to the latest 147-page Equipment as a Service Market Report 2024–2028, the total equipment-as-a-service (EaaS) market reached $21.2 billion. Despite initial optimism, EaaS adoption has been slower than anticipated in the past 4 years, with less than 1% of equipment sales in 2023 being executed under EaaS contracts. While widespread adoption has not yet occurred, there are pockets of success (e.g., in the lighting and robotics industry), with research showing continued OEM...| IoT Analytics
Generative AI’s impact on productivity could add trillions of dollars in value to the global economy—and the era is just beginning.| McKinsey & Company
In short By the end of 2023, 1.06 billion smart meters (electricity, water and gas) have been installed worldwide, according to IoT Analytics’ Global Smart Meter Market Tracker 2020–2030. Smart meters enable utility service providers across the world to digitalize their distribution infrastructure and services efficiently with near real-time data. North America has the most mature smart electricity meter market, with nearly 77% electricity meter market penetration, while Latin America has...| IoT Analytics
In short According to the 216-page B2B Technology Marketplaces Market Report 2024–2030, organizations are in the early stages of a paradigm shift in how they procure software - moving from traditional direct-sale to software marketplaces, a subset of B2B technology marketplaces. B2B software marketplaces are rising: They are the fastest-growing procurement channel: B2B software marketplaces are expected to make up 10% of all global enterprise software purchases by 2030; Dedicated platform p...| IoT Analytics
In short According to the latest “What CEOs talked about” report, three themes gained noticeable traction in earnings calls in Q4: 1) economic concerns 2) budget and cost optimization, and 3) geopolitical uncertainty around conflict and a possible US government shutdown. Generative AI saw its first decline; however, some companies involved in the generative AI market saw significant gains, e.g., AMD, ARM, and AWS. Why it matters The prioritization of specific topics by CEOs may influenc...| IoT Analytics
In short The generative AI market surpassed $25.6 billion in 2024, driven by rapid adoption and the increasing integration of AI capabilities across industries, according to the 263-page Generative AI Market Report 2025–2030 (published January 2025). The data center GPU market saw remarkable growth to $125 billion, with NVIDIA maintaining a dominant position, holding 92% of the market share. Microsoft and AWS lead the rapidly expanding foundation models and model management platforms marke...| IoT Analytics
In short The enterprise IoT market size reached $269 billion in 2023, representing 15% growth year-over-year, according to the Global IoT Enterprise Spending dashboard (Q2/2024 update). Growth is expected to slow further to 12% in 2024 before re-accelerating in 2025. Economic concerns have impacted corporate spending in general, including for IoT. IoT hardware technologies are currently hit the hardest. China, India, and the US are expected to lead in spending growth regionally, while automot...| IoT Analytics