IoT Analytics’ “State of IoT—Spring 2023” report shows that the number of connected IoT devices grew by 18% in 2022 to 14.3 billion and this number is expected to grow by 18% to 16.7 billion in 2023.
The market is primarily driven by industrial IoT projects and Industry 4.0 initiatives.
The report discusses in detail the current developments in the IoT market, like the predominantly positive outlook for the second half of 2023; the consolidation of the IoT platforms market, as several major companies discontinue their offerings, leaving Microsoft Azure IoT and AWS IoT to cater for the generic IoT platform market; and the struggle of IoT start-ups for funding.
You can read the report summary at https://iot-analytics.com/number-connected-iot-devices.
