IoT Market Grows Steadily Despite Quiet June in Contracts
June 2024 saw a quiet month for large-scale IoT contracts, with no significant deals announced by companies, according to recent search results. However, the overall IoT market is predicted to grow steadily, fuelled by advancements in satellite NTN connectivity for various industries. The IoT Now Contract Win List for June 2024 highlighted worldwide IoT contracts secured in the preceding months. Despite the lack of prominent announcements, the general IoT market is expected to expand at a moderate pace, driven by the stock market's overall growth and increasing adoption of satellite NTN connectivity in logistics, energy, and environmental monitoring sectors. Although no concrete, recently reported contracts were identified in the search results, the market's underlying trends indicate a steady progression. In summary, June 2024 was marked by a lack of major IoT contract announcements, but the IoT market continues to show moderate growth, driven by advancements in satellite NTN connectivity across various industries.
