In short IoT initiatives appear more successful than ever, as 92% of enterprises report positive ROI from IoT use case implementations, according to IoT Analytics’ 418-page IoT Use Case Adoption Report 2024. The number of IoT use cases being adopted by enterprises grew 53% between 2021 and 2024. Complexities related to IoT use case adoption appear to be easing somewhat, which appears to be fueling the adoption growth and ROI. Enterprise IoT use case investments continue to grow in 2024, but...| 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
Video: Global IoT market forecast (in billions of connected IoT devices) Connected IoT device market update—Summer 2024 Number of connected IoT devices to grow 13% by end of 2024. According to IoT Analytics’ 171-page State of IoT Summer 2024 report, there were 16.6 billion connected IoT devices by the end of 2023 (a growth of 15% over 2022). IoT Analytics expects this to grow 13% to 18.8 billion by the end of 2024. This forecast is lower than in 2023 due to continued cautious enterprise s...| IoT Analytics