In short IoT enterprise spending reached $201 billion in 2022, significantly lower than many had previously predicted. IoT adopters will focus on building the IoT software backbone, developing IoT applications, and infusing AI in the coming five years. 47% of IoT...
In short Overall enterprise IoT spending grew 21.5% in 2022 to $201 billion. IoT Analytics lowered the growth outlook for 2023 to 18.5% (from 24% previously). Macro trends largely dominate the growth expectancy for an otherwise robust digital transformation phase for...
Key Insights Overall enterprise Internet of Things (IoT) spending grew 12.1% in 2020 to $128.9 billion.Asia-Pacific (APAC) saw the fastest growth (17.0%), followed by North America (14.9%) and Europe (9.7%).2021 IoT spending for enterprises is expected to grow 24.0%...
Update September 2021: IoT Analytics published more recent blogs on: IoT technology market attractiveness: Where to invest going into 2022 and State of IoT 2021: Number of connected IoT devices growing 9% to 12.3 billion globally, cellular IoT now surpassing 2...
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