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The industrial software market landscape: 7 key statistics going into 2025
In short The global industrial software market reached $146 billion in 2023, according to IoT Analytics’ 132-page Industrial Software Landscape Report 2024–2030, and is forecasted to reach $355 billion by the end of the decade, growing at a CAGR of 13.5%. Cloud infrastructure and services is the...
Global cellular IoT connections surpassed 4 billion in 2024, driven by 5G and LTE Cat 1 bis
In short Global cellular IoT connections reached 3.9 billion in H1 2024, according to IoT Analytics’ updated Global Cellular IoT Connectivity Tracker & Forecast. Based on ongoing tracking and analysis, cellular IoT connections have surpassed 4 billion as the end of 2024 approaches,...
IT/OT convergence: The 27 themes that define the future of industrial integration
In short 27 themes comprise IT/OT convergence and making it a reality, according to IoT Analytics’ IT/OT Convergence Insights Report 2024. 12 themes involve IT coming to OT, another 12 involve IT and OT integration, and 3 involve OT hardware becoming IT-like. Why it matters For end manufacturers:...
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