Disruptive technologies, such as innovative business models (e.g., neutral network hosts, satellite partnerships, and open-source collaboration) and the use of AI and GenAI in IoT, will shape the future of the IoT and edge industry. This was the key message delivered by participants in the IoT Solutions World Congress (IoTSWC), held at Fira Barcelona from May 21 to 23, 2024. The congress welcomed 10,972 participants and had over 377 exhibitors. In this market insight, Frost & Sullivan analysts present their top five takeaways from the event with their perspectives, including market forecasts and key vendor highlights from various IoT segments. The following IoT segments are covered in this market insight—5G Private Networks, 5G RedCap and LPWAN, non-terrestrial networks (NTNs) and satellite IoT, IoT platforms and generative AI (GenAI), embedded SIM (eSIM), and integrated SIM (iSIM). The 2024 IoTSWC was both revealing and thought-provoking. Analysis of the discussions among industry experts, market participants, and authorities confirms that the IoT industry is undergoing a radical transformation driven by strategic imperatives such as innovative business models and disruptive technologies.

Author: Renato Pasquini