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Top 10 Strategic Imperatives in IoT and Edge, 2024

Which Strategic Imperatives Govern Growth in IoT and Edge Technologies, and What Are the Impact Scores, Influence Curves, and Estimated Timelines of These Imperatives?

The budding Internet of Things (IoT) landscape is undergoing a revolutionary change to meet the growing demands of future businesses. Now, as IoT solutions mature, competition is intensifying, pushing companies to differentiate through unique services, cost-effective solutions, and innovative features. Consequently, the following headwinds are driving this evolution:

  • Business models like crowdsourcing, network-as-a-service (NaaS), platform-as-a-service (PaaS), neutral network hosts, cellular IoT subscriptions, and satellite partnerships.
  • Trends like 5G private networks, automation, sustainability, and cybersecurity.
  • Technologies like artificial intelligence (AI), machine learning (ML), edge computing, embedded SIMs (eSIMs), and blockchain.
  • Trade restrictions, global tensions, and supply chain uncertainties.
  • The growing complexity of connectivity and device management.

This is accelerating convergence between industries, particularly in areas like automotive, healthcare, manufacturing, retail, and telecommunications, enabling ecosystem players to foster new strategic partnerships that will help drive the industry forward.

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Strategic Imperatives Driving the Transformation in IoT and Edge Technologies?

Industry Convergence

IoT's success depends on breaking down functional silos, requiring collaboration across the ecosystem. Partnering with hardware makers, platform providers, telecom companies, and developers of extended reality (XR), digital twins, and cybersecurity solutions will be essential to deliver tailored, industry-specific IoT solutions.

Transformative Megatrends

Leveraging IoT for reducing carbon emissions, transitioning to zero-carbon energy sources, and monitoring environmental conditions, as businesses strive to achieve their environmental, social, and governance (ESG) goals. Additionally, embedding the latest cybersecurity and data privacy protocols in IoT platforms, tools, solutions, and services.

Disruptive Technologies

Enabling high-speed, low-latency communication and orchestration across all connected devices and environments through 5G private networks, cellular IoT, embedded universal integrated circuit cards (eUICCs), and low-earth orbit (LEO) satellite connectivity. Also keeping pace with the latest advancements in emerging IoT technologies.

Download now to access comprehensive intelligence on strategic imperatives, growth opportunities, competitive strategies, technology differentiators, and best practices in the evolving IoT and Edge landscape.

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