IoT growth is predicted to accelerate rapidly by 2030 with an estimated 37.4 billion connections, a significant increase from the reported 15.1 billion in 20211. Use cases for IoT are expected to be seen across verticals such as healthcare, manufacturing, fleet, and many more, with applications in robotics, autonomous vehicles, and connected medical devices.
However, one of the complexities of IoT lies in lifecycle management, forward and reverse logistics, regulatory compliance, and connectivity management. The many moving parts running in the background to make a successful IoT solution fall under the umbrella of managed services.