IoT revolution: A strategic guide for MSPs and OEMs in 2024
January 2, 2024
January 2, 2024
Heading into 2024 and beyond, the world of IoT (Internet of Things) will experience exponential growth, with the number of connected devices projected to reach approximately 17.08 billion. For MSPs, OEMs, integrators and others responsible for end device installation work, this signals a golden era of opportunity and innovation. Keep reading to learn what IoT trends are shaping the industry and how a labor marketplace plays a crucial role in deploying these technologies effectively.
As the global IoT Security market, valued at $8.01 billion in 2023, is projected to reach $30.95 billion by 2030, MSPs and OEMs must recognize the opportunity in security device installation but should also prioritize the security aspect of IoT installations. Ensuring robust security protocols is no longer optional but a critical component of IoT service offerings.
The IoT landscape in 2024 presents immense opportunities and challenges for MSPs and OEMs. Field service companies that manage to stay ahead of trends like 5G, predictive maintenance, and AI integration will gain a competitive advantage unlike any other. Restaurants, retailers, schools, manufacturers, and other commercial businesses have only started scratching the surface of what is possible with real-time data powering their insights and decisions.
When the call comes to roll out the next IoT device nationwide, answer with confidence that you have the knowledge and workforce to respond. There is no data without a device to collect it, and MSPs and OEMs will need to lead the charge in this technological revolution. The future is IoT, and it’s time for MSPs and OEMs to embrace and shape this future.
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