IoT Industry Predictions for 2024: Top 10 Growth Opportunities Unveiled in New Report

DUBLIN, Feb. 7, 2024 /PRNewswire/ — The “Top 10 Growth Opportunities in IoT, 2024” report has been added to  ResearchAndMarkets.com’s offering.

Emerging Trends and Revenue Projections for IoT until 2026 Featured in Comprehensive Analysis

The IoT landscape is poised for transformative growth, and a recent publication provides insights into the top 10 growth opportunities that are shaping the industry. These opportunities are informed by the latest IoT innovations, business models, use cases, and digital transformation initiatives embracing a secured and eco-friendly approach. In an era where data is king, IoT technologies continue to play a pivotal role in enabling businesses to harness the power of information. This publication not only examines the major trends but also presents a roadmap that organizations can follow to capitalize on these burgeoning opportunities.

Insights from Industry Decision-Makers

The publication includes valuable findings from an IT Decision Makers’ (ITDM) Survey, conducted in the last quarter of 2023. The survey engaged 688 ITDMs across diverse industries and organizational sizes from key regions, including North America, Europe, Asia-Pacific, and Latin America. Key topics such as IoT security and adoption rates were thoroughly addressed to provide a holistic view of the current IoT landscape.

Strategic Forecasting and Recommendations

With a strategic forecast extending from 2024 to 2026, the research provides explicit revenue projections and the anticipated cumulative number of IoT devices within various segments. These predictions serve as a compass for stakeholders looking to navigate the IoT ecosystem’s evolving dynamics.

Identification of emerging use cases driving IoT expansionAnalysis of new business models fostering IoT adoptionInsight into the latest IoT and digital transformation initiativesFocused assessment of IoT security concerns and resolutionsComprehensive look at the pursuit of carbon neutrality via IoT solutions

Strategic recommendations and specific reference studies included in the publication offer readers an opportunity to dive deeper into each identified opportunity. This information is key for businesses and technology leaders to make informed decisions, catapult growth, and secure competitive advantages within their respective spheres. Understanding the potential and challenges of the IoT sector is essential for any organization invested in technology and innovation. 

Discover the Future of IoT

The IoT industry continues to evolve, and with this detailed report, businesses will be well-equipped to forecast, strategize, and tap into the promising avenues for growth that lie ahead in 2024 and beyond.

Top 10 Growth Opportunities

Growth Opportunity 1: Cybersecurity Strategy to Protect IoT Data and Connected DevicesGrowth Opportunity 2: Industrial IoT and 5G Private NetworksGrowth Opportunity 3: LPWANs for Massive IoTGrowth Opportunity 4: IoT and Immersive Experiences (Metaverse, Digital Twins, and XR)Growth Opportunity 5: Hybrid Terrestrial and Non-terrestrial Networks for IoTGrowth Opportunity 6: Cellular IoT and eSIMsGrowth Opportunity 7: Applied IoT for Sustainability and Social ResponsibilityGrowth Opportunity 8: Cellular Vehicle-To-EverythingGrowth Opportunity 9: MEC and Edge-as-a-service Emerging Business ModelsGrowth Opportunity 10: Smart Buildings with IoT, AI, and Cloud-based Technologies

For more information about this report visit https://www.researchandmarkets.com/r/7uzl4l

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