Internet of Things (IoT) Predictions Outlook
With 41.76 billion active IoT connected devices expected in 2023, IoT providers must be prepared to address growing demands across new verticals. Collaboration with ecosystem partners will be crucial as businesses enter a challenging and hectic digital phase.
The following are the top 10 predictions for the IoT landscape in 2023:
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Security & surveillance will lead the IoT market
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Industrial IoT will become a hot topic
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IoT will improve customer experience
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IoT will play a major role in the metaverse
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5G and immersive technologies will boost market opportunities
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Technology integration will drive LPWAN market growth
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ESG will become a priority in the CEO agenda
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MEC will be at the forefront of innovation
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IoT providers should be ready for the new wave of digital payments
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Industry collaboration will be critical for digital twins’ market growth
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The above deliverable is the latest addition to Frost & Sullivan’s Information & Communications Technologies research and analyses, available through the Frost & Sullivan Growth Partnership Services, which help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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