This report identifies key demand-side trends in the IoT services space to assist companies in their IoT digital transformation journeys. It provides an overview of key IoT trends and enterprise challenges that Avasant considers important to highlight.
The Internet of Things (IoT) technology has become mainstream, with projects in production increasing from 63% in 2020 to 76% in 2023. The Industrial IoT sector continues to lead in adopting IoT services, propelled by use cases such as predictive maintenance, asset management, and remote monitoring. This momentum is fueled by technological advancements in edge computing, 5G, digital twins, and AI and analytics, which are unlocking new use cases and opportunities. Enterprises are increasingly collaborating with service providers to achieve their operational and strategic objectives, thereby delivering key outcomes with greater efficacy.
The Internet of Things Services 2024 Market Insights™ aids enterprises in identifying important market trends and challenges for their IoT transformation projects.
The industry insights and recommendations are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with service providers, subject matter experts, and Avasant Fellows, and lessons learned from consulting engagements.
About the report (Page 3)
Executive summary (Pages 4–7)
Demand-side trends (Pages 8–15)
Key contacts (Page 16)
Read the Research Byte based on this report.
Please refer to Avasant’s Internet of Things Services 2024 RadarView™ for detailed insights on the service providers and supply-side trends.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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