IOT SOLUTIONS AND SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In July 2023, Microsoft Corp., a global technology leader, partnered with Vodafone Group, a telecommunications company, to improve IoT connectivity. This strategic partnership aims to enhance Vodafone's managed IoT connectivity platform, which currently connects 175 million devices worldwide, by leveraging Microsoft's cloud and AI capabilities. The partnership also includes plans to develop new digital and financial services for businesses, particularly SMEs across Europe and Africa, reflecting the growing demand for integrated IoT solutions in the telecom industry.
• In December 2022, KORE, a leading global provider of Internet of Things (IoT) solutions and connectivity-as-a-service (IoT CaaS), announced a strategic go-to-market partnership with Google Cloud. This partnership aims to enhance IoT capabilities for organizations worldwide, allowing businesses to create robust IoT solutions that leverage both KORE's expertise and Google Cloud's infrastructure and capabilities. The alliance is designed to simplify IoT deployment and optimize business outcomes through a comprehensive suite of services.
• In November 2022, Argentine Chamber of IoT partnered with Telit Cinterion, a prominent global provider of Internet of Things (IoT) solutions based in the U.S. This strategic alliance, known as CAIoT, aims to promote the IoT market in Argentina by addressing legal and regulatory challenges, facilitating communication between IoT solution suppliers and buyers, enhancing industry knowledge across various sectors, and positioning IoT as a new growth engine for the Internet in the country.
• In August 2022, Stefanini, a global provider of IT outsourcing and application development services, entered into a partnership with Integron, a managed services supplier specializing in the Internet of Things (IoT) market. This partnership enables Stefanini to offer eHealth outsourcing solutions tailored for the healthcare and pharmaceutical sectors. The agreement merges Stefanini's extensive expertise in IT outsourcing and systems integration with Integron's established managed IoT services, which encompass connectivity, security, and device monitoring, thereby enhancing the delivery of healthcare solutions.