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

In short Why it matters IoT startup landscape overview in 2024 The number of identified active IoT startups rose 2.7x between 2021 and 2024. Research for IoT Analytics’ 83-page IoT Startup Landscape 2024 Report and Database identified over 3,300 IoT startups—a steep rise over the 1,205 identified active startups in 2021. While part of this […] The post IoT Startup Landscape 2024: 7 notable insights appeared first on IoT Analytics. read more

In short Why it matters? Cellular IoT market overview Cellular IoT connections surpassed 3 billion in 2023. According to the 159-page IoT Mobile Operator Pricing and Market Report 2024–2030 and its accompanying mobile operator database* (both published in July 2024), global active cellular IoT connections grew by 24% to 3.6 billion active connections in 2023. […] The post Benchmarking IoT mobile operator pricing: MNOs vs. MVNOs appeared first on IoT Analytics. read more

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 […] The post State of IoT 2024: Number of connected IoT devices growing 13% to 18.8 billion globally appeared first on IoT Analytics. read more

In short Why it matters? Status of IoT initiatives in 2024: More successful than ever before Over 90% of IoT use case projects have positive ROI. For years, IoT Analytics has been unable to validate common claims that most IoT projects are unsuccessful, such as the following: According to IoT Analytics’ research found in the […] The post The top 10 IoT use cases appeared first on IoT Analytics. read more