IoT 2023 in review: The 10 most relevant IoT developments of the year

IoT 2023 in review: The 10 most relevant IoT developments of the year

As we kick off 2024, 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 2023, a year characterized by multi-decade...
Predictive maintenance market: 5 highlights for 2024 and beyond

Predictive maintenance market: 5 highlights for 2024 and beyond

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...
Digital twin market: Analyzing growth and emerging trends

Digital twin market: Analyzing growth and emerging trends

In short According to our Digital Twin Market Report 2023–2027, the digital twin market is expanding, with a projected CAGR of 30% between 2023 and 2027. 29% of global manufacturing companies have either fully or partially implemented their digital twin strategies....