As we kick off 2025, the IoT Analytics team has again evaluated last year’s main IoT developments in the global “Internet of Things” arena. This article highlights some general observations and our top 10 IoT stories from 2024, a year characterized by a challenging macroeconomic environment and vast expansion in—and excitement for—AI. As AI has […] The post IoT 2024 in review: The 10 most relevant IoT developments of the year appeared first on IoT Analytics. read more

As we kick off 2025, the IoT Analytics research team has evaluated last year’s top AI stories. This article highlights 10 of the most impactful developments as well as some general observations and developments in the field of AI in 2024. Since 2015, IoT Analytics has published an annual review of the top 10 IoT […] The post AI 2024 in review: The 10 most notable AI stories of the year appeared first on IoT Analytics. read more

In short Why it matters The big picture US elections take center stage in Q4 2024. On 5 November 2024, the US held presidential elections, with Donald Trump winning and Republicans taking both the House and Senate. The election’s impact was at the forefront of many CEOs’ minds in Q4 2024—before and after election day—with […] The post What CEOs talked about in Q4 2024: Tariffs, reshoring, and agentic AI appeared first on IoT Analytics. read more

In short Why it matters Virtual PLC evolution For decades, PLCs have been a cornerstone of industrial automation. Since the 1960s, these small devices have executed control logic directly on the factory floor, ensuring seamless operation of robots, assembly lines, and other critical systems. To date, their core principles have largely remained unchanged: decentralized hardware […] The post Virtual PLCs: Can they become the industry norm by 2030? appeared first on IoT Analytics. read more

In short Why it matters Industrial software market and outlook 2024 has been a challenging year for manufacturing technology vendors. Throughout 2023 and 2024, economic concerns have remained the most discussed topics in CEO earnings calls. As a result, enterprise spending on IT and OT grew slower than in previous years across the board, with […] The post The industrial software market landscape: 7 key statistics going into 2025 appeared first on IoT Analytics. read more

In short Why it matters Market update Global cellular IoT connections reached 3.9 billion in the first half of 2024, according to IoT Analytics’ quarterly Global Cellular IoT Connectivity Tracker & Forecast (updated in November 2024), representing 20% growth YoY and 181% over the last 5 years. IoT Analytics’ ongoing analysis has found that as we approach […] The post Global cellular IoT connections surpassed 4 billion in 2024, driven by 5G and LTE Cat 1 bis appeared first on IoT Analytics. read more

In short Why it matters The IT/OT convergence market opportunity IT/OT combined market expected to surpass $1 trillion by 2030. When looking at information technology (IT) software, operational technology (OT) software, and OT hardware combined (3 technologies affected by IT/OT convergence), the market size as of 2023 was $720 billion, according to IoT Analytics’ 111-page IT/OT […] The post IT/OT convergence: The 27 themes that define the future of industrial integration appeared first on IoT Analytics. read more

In short Why it matters State of cloud AI projects in 2024 A fifth of cloud implementations now have an AI element. The 188-page Global Cloud Projects Report and Database 2024 (published October 2024) shows that between June 2023 and June 2024, over 2,700 new customer case studies were published by the top 5 global […] The post Who is winning the cloud AI race? Microsoft vs. AWS vs. Google appeared first on IoT Analytics. read more

In short Why it matters This article is based on insights from these publications: Global Cellular IoT Connectivity Tracker An interactive dashboard and a structured database of worldwide cellular IoT connections from 2018 to Q1/2024, including a forecast for Q2/2024 to 2030. IoT Mobile Operator Pricing and Market Report A 159-page market report, detailing market […] The post Global cellular IoT connectivity market reached $15B in 2023, 5G set to drive further growth appeared first on IoT Analytics. read more

In short Why it matters Unprecedented investments in smart factories Spending on new factories at record highs in the US. US manufacturers spent $193 billion on construction in 2023, according to the US Census Bureau. This spending represents a climb of 55% over 2022, when the US passed the Infrastructure Investment and Jobs, Inflation Reduction, […] The post The top 6 paradigms shaping the factory of the future—insights from 500 manufacturers appeared first on IoT Analytics. read more