IoT Leaders - 3 IoT Predictions for 2024 & Beyond

Mar 13 2024 36 mins 8

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While 2023 was all about the device for the IoT industry, 2024 is already shaping up to emphasize the device even more than before.

The overarching theme of Eseye’s predictions for 2023 was how mobile network operators (MNOs) were finally going to cede control of IoT connectivity to enterprises. The predictions didn’t quite play out as expected, but they were fairly accurate:

The MNO lock was finally broken, but the driver was the eSim rather than the hyperscaler threat.
There’s more interest in roaming between private and public networks, but adoption is a little slower than anticipated.
People are adopting multi-radio access type (RAT) technology — as part of operator-agnostic connectivity, which is Eseye’s DNA — though not necessarily in the same device. The next step is putting them together.
Consumer-enterprise IoT convergence is happening, as evidenced by home-based EV chargers, home security, remote patient monitoring, rising interest in IoT within elderly care, and the sheer proliferation of devices.

2023 was meant to be the year of the device, but its importance in IoT has been underestimated. Consider SmartConnect increasing connectivity from 93 to 99 percent for PharmaWatch with intelligence at the edge.

On balance, the mid-year reflection proved the main trend to be accurate: MNOs did lose power over IoT.

Based on the theme of the device at the center, Eseye makes three big predictions for 2024:

Smart connectivity will securely and reliably link intelligence from the device to the cloud.
Connectivity will provide applications with feedback to make intelligent decisions about whether to process data on the cloud or on the device.
With the rise of AI, IoT business use cases will focus more on trust, data protection, and regulatory compliance.

Listen to the podcast to learn about how 2024 will be the year of the IoT intelligent edge.