IoT Blog

The Internet of Things (IoT) industry has become oversaturated with the industry players in recent years. As a result, there's a very natural process of gradual market consolidation.

The IoT asset monitoring market is booming, and the number of devices the number of devices is expected to grow from 11.2 million in 2022 to 181.4 million in 2032 according to Transforma Insights.

Cloud-based fleet management systems enable seamless data integration from IoT devices, supporting real-time tracking, predictive maintenance, and remote control.

The evolution of connectivity technologies in IoT has brought significant advancements with LTE-M (Cat-M) and NB-IoT. Both NB-IoT and LTE-M fulfil the 5G IMT 2020 requirements for massive machine type communications.

The Build America, Buy America Act (BABAA), a key component of the Infrastructure Investment and Jobs Act, is shaping the landscape for businesses pursuing projects funded by U.S. federal sources.

In 2022 IoT faced over 112 million cyberattacks, jumping up from 32 million in 2018. The rapid growth of IoT technologies is going along with cyberthreats. As a result, countries and regions are introducing specific regulations to provide IoT cybersecurity for devices and valuable data.

Within the IoT space Arduino has become a key player, serving as an open-source prototyping platform that makes IoT development accessible to everyone. The 1NCE Arduino Blueprint helps Arduino customers to easily integrate their projects with a versatile software and connectivity toolset for creating even smarter connected solutions. 

IoT innovations come from a variety of sources, including startups and established corporations, and a prevailing number of them are considering cellular and LPWA connectivity at the early stages of design and manufacturing. Dive deeper into the fastest-growing IoT projects and industries, top priority connectivity, and software as well as a few other aspects to consider when developing your IoT project. 

IoT technology, with a particular focus on connectivity, is emerging as a powerful catalyst for sustainability transformation. Research conducted by Gartner, Transforma Insights, Berg Insight, and the US Department of Energy highlights its versatile contributions to environmental conservation. These contributions range from reduced CO2 emissions to water conservation achieved through remote management and analysis.

The rapid growth of IoT-connected EV charging points is confirmed by the key research companies like Gartner, Berg Insight, and Counterpoint. Most key EV players in Europe, North America, and China, as discussed in this article, have either migrated to or initiated the integration of IoT technologies due to their increasing benefits.