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Top 10 Growth Opportunities in IoT, 2024 Updated Research Available
The Increasing Relevance of Cybersecurity, Sustainability and Data-driven Products/Services in the C-Level Agenda Reflects on IoT Adoption and Generates Growth Opportunities for ICT Providers Across Verticals
18-Dec-2023
Global
Market Outlook
K9A4-01-00-00-00
IT_2023_447
Frost & Sullivan’s global IoT industry predictions for calendar 2024 are the result of aggregated input from Frost & Sullivan regional IoT and Edge research teams. Research analysts’ input leverages the extensive Frost & Sullivan knowledge base, as well as primary and secondary research.
The recently published IoT Predictions report includes the top 10 Growth Opportunities reflecting the hot topics for 2024. Major trends impact the latest innovations of IoT technologies, new business models, emerging use cases, and the latest initiatives for companies’ digital transformation journey under a more secure and carbon-neutral approach.
The study includes the findings of our latest IT Decision Makers’ (ITDM) Survey, conducted in Q4 2023 with the participation of 688 ITDMs, comprising questions about IoT security and adoption, directed to organizations of various sizes and industries in North America, Europe, Asia-Pacific, and Latin America. Furthermore, the study forecasts revenue and cumulative IoT devices, from 2024 until 2026, in different growth opportunities.
Finally, this Frost & Sullivan report provides recommendations and reference studies for a deep dive into the different topics discussed.
Strategic Imperatives
Top 10 Growth Opportunities
Growth Opportunity 1: Cybersecurity Strategy to Protect IoT Data and Connected Devices
Growth Opportunity 2: Industrial IoT and 5G Private Networks
Growth Opportunity 3: LPWANs for Massive IoT
Growth Opportunity 4: IoT and Immersive Experiences (Metaverse, Digital Twins, and XR)
Growth Opportunity 5: Hybrid Terrestrial and Non-terrestrial Networks for IoT
Growth Opportunity 6: Cellular IoT and eSIMs
Growth Opportunity 7: Applied IoT for Sustainability and Social Responsibility
Growth Opportunity 8: Cellular Vehicle-To-Everything
Growth Opportunity 9: MEC and Edge-as-a-service Emerging Business Models
Growth Opportunity 10: Smart Buildings with IoT, AI, and Cloud-based Technologies
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