LPWAN market 2024: Licensed technologies boost their share among global 1.3 billion connections as LoRa leads outside China
In short LPWAN connectivity is on the rise. There were nearly 1.3 billion LPWAN IoT connections globally by the end of 2023, according to IoT Analytics’ Global LPWAN Market Tracker and Forecast 2015–2027 (updated Q1 2024). This is expected to grow at 26% CAGR...
State of IoT Spring 2024: 10 emerging IoT trends driving market growth
In short According to the latest 148-page State of IoT – Spring 2024 report, IoT remains a top-three corporate technology priority. While AI has surpassed IoT in corporate prioritization, combining IoT and AI is on the rise and seen as a tailwind for the $236-billion...
OEM servitization strategies: Why Equipment as a Service hasn’t taken off yet
In short According to the latest 147-page Equipment as a Service Market Report 2024–2028, the total equipment-as-a-service (EaaS) market reached $21.2 billion. Despite initial optimism, EaaS adoption has been slower than anticipated in the past 4 years, with less than...
Smart electricity meter market 2024: Global adoption landscape
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...