10 Internet of Things (IoT)Trends in 2024 ?

What is an Internet of Things (IoT)?
The Internet of Things has matured significantly, impacting many areas of our technological and social lives. However, IoT continues to evolve, making the topic of top Internet of Things trends urgent for various businesses and service providers. This article covers the latest 10 Internet of Things IoT trends as of 2024. Keep reading to explore the details.

Moreover, the market for connected devices continues to expand, even in the face of challenges such as the global semiconductor chip shortage and the adverse impact of the pandemic on businesses.

Let’s look briefly at the IoT market in figures.

Additionally, in 2023, there were over 15 billion active IoT-connected devices globally, according to Statista.
Furthermore, this number is forecasted to grow to more than 29 billion IoT devices by 2030, including those with WPAN, WLAN, cellular, LPWA, 5G, and other types of connectivity.
There is over 400 active Internet of Things platforms, with the top 10 leading IoT platforms controlling about 65% of the market.
Notably, the global IoT market is projected to reach $875 billion in 2025, showing a CAGR of 16.9%, as predicted by Market Data Forecast.”