The Internet of Things (IoT) has emerged as one of the primary technological enablers for digital transformation and has proved to be a growth engine for companies across various sectors and domains. Businesses of all sizes are looking to jump on the IoT development bandwagon and develop, secure, and maintain their cloud solutions.
Among many technological developments boosting IoT growth, 5G technology has emerged as a fundamental trend. 5G technology is not only a new age of wireless technology, but it is also a foundation to deliver the full potential of IoT, therefore transforming technological growth. With 5G technologies, networking will become more dynamic and versatile, ushering in an uptick in IoT adoption.
At the same time, combining IoT and AI can help create more intelligent machines. These smart automation technologies are not only going to aid in the automation of mundane chores but also support decision-making with no human intervention.
Moving forward, the worldwide IoT market is expected to reach $4,421.62 billion by 2030, growing at a CAGR of 19.67 percent.
To put the spotlight on other key developments in the industry, CIOReview Europe illustrates how the IoT services space is significantly advancing with the latest innovations. This edition also includes articles from Mark Klein, Chief Digital Officer (CDO) at ERGO Group; Richard Paddock, Head of Technology, Asia Pacific at Fidelity International; and Tero Hottinen, Head of Strategic of IoT Partnerships at KONE. They share their thought-provoking insights on some of the latest trends in the IoT space that are driving radical technological and cultural changes, transforming the current IT landscape, and helping companies and investors seize new opportunities.
In this edition of CIOReview Europe, we also bring to you the story of NEXIONA, a leading Industrial IoT software company driving digital transformation in the industrial and commercial enterprise helping its clients achieve operational and maintenance excellence. The company brings remarkable custom-developed IoT solutions by virtue of MIIMETIQ, which is taking industries by storm and changing the trajectories of the IoT toward data privacy and ownership.
Through the following pages, we aim to highlight the innovative trends and latest developments in the IoT services landscape. We would like to know your thoughts.
