Here are Tern’s predictions for the top ten IoT trends we’ll see this year:
1. Continued growth in the number of connected devices
It hardly requires a crystal ball to predict that the number of connected IoT devices will continue to grow in 2024. Currently, according to Statista, there are approximately 15 billion connected IoT devices. That’s equivalent to just under twice the total number of people in the world (eight billion).
It is expected that there will be more than 17 billion connected by the end of 2024. By 2030, the number is expected to reach nearly 30 million. Increasingly, they will be smart devices augmented with artificial intelligence (AI).
Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams.
