Authored by Satyajit Sinha, IoT Analytics GmbH | September 2024

This report presents global growth trends in IoT, forecasting 18.8 billion devices by end of 2024 and over 40 billion by 2030. It explores developments in edge AI, sustainability reporting, and connectivity (Wi-Fi, Bluetooth, cellular), which now account for 80% of connections. Despite economic headwinds and supply chain challenges, enterprise IoT budgets are rising, particularly in smart buildings and industrial automation.

Keywords: