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...
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...
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...
Who is winning the cloud AI race? Microsoft vs. AWS vs. Google
In short 22% of recently announced cloud implementations had an AI element, according to the 188-page Global Cloud Projects Report and Database 2024. The data shows that AI has become a driver for cloud demand, with generative AI (GenAI) playing an increasing role....