The latest report from industry analyst firm Transforma Insights presents its annual snapshot of the status of the IoT market worldwide.
Transforma Insights has today published its report ‘Global IoT Forecast Report, 2022-2032’ which provides an annual snapshot of the status of the global Internet of Things market. The report draws on Transforma Insights’ extensive application-by-application analysis of the market contained within the IoT Forecast Database and associated reports. Key findings are discussed in a webinar ‘Are we nearly there yet? Annual update on Transforma Insights’ IoT market forecasts’ available for viewing with a (free) login to Transforma Insights website.
The key highlights are:
Commenting on the findings, Principal Analyst Matt Arnott said: “The IoT market continues to develop largely as we expect, although with some interesting new dynamics. Connected vehicle sales in Europe and North America, for example, remain depressed post Covid whilst sales have returned to trend outside those markets. The traditional markets for smart metering, Europe, Greater China, and North America, will also soon be eclipsed by adoption in emerging markets such as South East Asia and Latin America. One thing that is becoming ever more clear is that the future for IoT as a whole will be dominated by Low Power Wide Area connectivity technologies, implying a need for associated low-cost supporting infrastructures.”
This report provides a snapshot of the state of the IoT market in 2022 and forecasts to 2032. It is compiled based on data extracted from the Transforma Insights IoT Forecast Database., specifically the IoT ‘Connected Things’ forecasts. The forecasts are constantly updated and cover 256 applications across 21 vertical sectors and 196 countries.
The report comprises analysis of connections and revenues including splits by geography, technology, vertical sector and use case/application. This includes analysis of cellular connections and generation splits (2G, 3G, 4G and 5G), LPWA connections, public vs private network splits and many more. It also includes tables containing high level data. For a full set of data, subscribers should go to the IoT Forecast Database.
The report also provides details of methodology, segmentation and definitions which will be useful to anyone using the forecasts.
If you have questions concerning the methodology, either general or specific to a particular application or vertical sector, don’t hesitate to contact our analysts via firstname.lastname@example.org.
Transforma Insights is a leading research firm focused on the world of Digital Transformation (DX). Led by seasoned technology industry analysts we provide advice, recommendations and decision support tools for organisations seeking to understand how new technologies will change the markets in which they operate.