Few technologies receive as much attention today as the Internet of Things (IoT). IoT adoption goes hand-in-hand with a company’s digitization efforts, providing actionable insight and real time data into operations. IoT devices and service use cases continue to expand and offer organizations essential data to improve how they do business. As solution providers compete with one another to differentiate their offerings, several IoT trends are emerging. Here are five of those key trends to track in 2024, as reported in ABI Research’s 82 Technology Trends That Will—And Will Not—Shape 2024. Before we look into our analysts’ future predictions, let’s review some of the most notable IoT statistics our analysts have compiled.
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If you ask the average American or European consumer to name an Electric Vehicle (EV) brand, most will probably quickly say “Tesla.” A large quantity of Tesla EVs on the road and widespread public charging stations make it hard not to take notice of the EV juggernaut. However, Tesla’s global dominance is threatened by a company few Americans and Europeans would know—BYD.
By now, most people should understand the risks of being complacent with cyber protection. Cybersecurity Ventures reports that cybercrime will cost victims US$9.5 trillion worldwide in 2024.. As enterprises continue to invest in digitization, cyber threat actors see additional devices and systems as new opportunities to enter a network. Cyber threat actors use various tactics to carry out cyberattacks, particularly social engineering attacks, phishing attacks, ransomware, distributed denial of service (DDOS) attacks, malware, etc. A successful attack not only costs a company money, but it can damage brand reputation and result in trade secrets or Intellectual Property (IP) being compromised.
Demand for Electric Vehicles (EVs) continues to grow every year, and will account for more than 50% of vehicle sales volume by the end of the decade. Governments worldwide and several U.S. states have set bans on Internal Combustion Engine (ICE)/diesel vehicle sales, causing a spike in EV production. However, a lack of charging infrastructure is the elephant in the room. For example, a recent survey from AAA reports that 56% of U.S. consumers say a lack of charging stations is a primary barrier to purchasing an EV. Significant investment in installing public EV charging points is essential if consumer demand for EVs and government mandates can be met. Home chargers alone will not be adequate for the sustained mass use of EVs, especially in developing markets lacking access to home charging equipment.
The year 2024 is set to be a big one for sustainability. Governments worldwide have introduced various policies in recent years that will drive further enterprise investment in green technologies in 2024. Sustainability has ingrained itself into corporate strategies as companies look to appease eco-conscious consumers and adhere to new green regulations. What will this year bring in terms of net-zero emissions efforts? How are enterprises reacting to increased demand to reduce carbon footprints? How can this be achieved? In this post, we’ll share five unique sustainability trends pulled from ABI Research’s annual trends whitepaper.
A metal payment card is the Rolls-Royce of the banking industry. The mostly affluent consumers who gravitate toward these high-end cards seek products that reflect their premium lifestyle. When they check out at the jewelry store or pick up the tab at a five-star restaurant, these consumers want the world to see their exclusive status. A metal credit or debit card has no counterpart in terms of product design and sleekness. As ABI Research reports, the number of metal payment cards issued annually will increase from 36.1 million in 2022 to 85.1 million in 2028.
Picture yourself residing on a remote island with a small population. Given the limited business prospectson your island, the likelihood of any Communication Service Provider (CSP) investing in terrestrial telecommunication infrastructure on the island is extremely low. The absence of Internet broadband can lead to educational challenges, limited access to information, economic disadvantages, vital healthcare limitations, social isolation, reduced innovation, and many more issues, all of which would have a detrimental effect on your community. This scenario embodies the essence of the “digital divide.”
While ABI Research has been directly covering the metaverse for a couple years now, our coverage of the underlying technologies and markets stretches further back—research into Extended Reality (XR), for example, started in 2015. The metaverse is a confluence of markets and technologies that bring together the virtual and real worlds, and despite building upon many pre-existing trends, is still very much in its infancy. There are technological developments and standards that must be addressed, as well as education, before widespread adoption of immersive technologies will occur. Whether it’s for entertainment purposes or to provide business value, there are many ways to leverage the metaverse. As momentum continues to develop for immersive technologies, here are some of the most beneficial metaverse use cases and applications for various industries.
Artificial Intelligence (AI) is the technology of our time, bound to change our personal and professional lives in some way, shape, or form. As enterprises aim to leverage AI to boost productivity and technology, vendors wish to optimize their product portfolios, so AI market research is more pivotal than ever. ABI Research connects the end users and the tech vendors providing AI solutions with essential insights. Through technology analysis reports, presentations, competitive rankings, and market data forecasts, ABI Research provides a unique voice to the AI industry. These products can be used to forecast demand for various AI hardware and software, identify the most important trends sweeping the industry, evaluate the competitive landscape, and provide best practices when implementing AI solutions. Here are some research topics from our most recent content deliverables covering our AI & Machine Learning Research Service.
Smart building platforms are software-based solutions that help real estate owners improve operational efficiency and reduce their carbon emissions. The key to making this happen is the collection of data from various endpoints (connected devices), leading to improved lighting control, occupancy sensing, and Heating, Ventilation, and Air Conditioning (HVAC). Not only do smart building platforms collect droves of essential data about energy usage and operational flows, but they can automate many aspects of building management. The top six companies providing smart building platforms allow organizations to meet sustainability goals and reduce their energy costs.