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 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