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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
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.| CNBC
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 global predictive maintenance market grew to $5.5 billion in 2022—a growth of 11% from 2021—with an estimated CAGR of 17% until 2028, according to the Predictive Maintenance and Asset Performance Market Report 2023–2028. With median unplanned downtime costs larger than $100,000 per hour, the importance of accurately predicting failures of large assets has never been higher. This article shares 5 key highlights of the predictive maintenance market: 1) The market is valued at...| IoT Analytics
In short Digitalization has become essential for industrial companies worldwide, as IoT Analytics expects the industrial IoT market to reach $145 billion in 2023. The Industrial IoT and Industry 4.0 Case Studies Report 2023 delves into 22 case studies, exploring their project objectives, technologies deployed, lessons learned, challenges, and outcomes. In this article, we share five learnings from the report: 1) Upgrading the ERP is often the first step in digital transformation, 2) cloud-nat...| IoT Analytics
In short According to the latest “What CEOs talked about” report, three themes gained noticeable traction in earnings calls in Q3 2023: 1) AI and most of its related application topics, 2) AI chips, and 3) sustainability. ChatGPT is losing traction as the AI keyword of choice, and economic worries and uncertainty appear to be easing. Why it matters The prioritization of specific topics by CEOs will likely lead to further investment in these areas. The big picture In Q3 2023, topics relate...| IoT Analytics
We updated this research article. Visit the link to view the latest insights. In short According to the latest “What CEOs talked about” report, three themes noticeably gained traction in earnings calls in Q2/2023: 1. AI & Generative AI, 2. Bank troubles, and 3. Reshoring. Discussions around economic uncertainty, sustainability, and supply chain disruptions lost traction. Why it matters The prioritization of specific topics by CEOs will likely lead to further investment in these areas. The...| 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