At the India Mobile Congress (IMC) 2024, Vodafone Idea unveiled its 5G and IoT-powered solutions aimed at consumers and enterprises.

Omdia's 2024 IoT Enterprise Survey reveals a significant growth in confidence among businesses adopting IoT solutions.

The global satellite IoT subscriber base is predicted to reach 26.7 million by 2028, growing at a CAGR of 39.2%.

India has established itself as a major player in the global AI app market, accounting for 21% of AI App downloads in worldwide analysis for 2024.

By 2030, nearly 70% of all cellular devices shipped will be eSIM/iSIM-capable driven by smartphones and cellular IoT modules. eSIM/iSIM-capable devices are expected to grow at a CAGR of 22% between 2024 and 2030. Global xSIM

Spending on cloud infrastructure continues to outgrow the non-cloud segment with the latter growing by 5.7% in 1Q24 to $13.9 billion.

Over the next few years, software spending will continue its rapid growth, followed by spend on IT services, communications equipment, and computer equipment.

Robust AI demand was buoyed by growing CAPEX from cloud service providers and CoWoS capacity expansion. However, despite projections of CoWoS capacity more than doubling by 2024 end, it remains insufficient to meet the soaring demand for AI.

Growth of 5G networks and the arrival of cloud-native 6G networks will result in a 110 percent increase in cellular data over the next four years.

In Europe, Digital Transformation spending is growing at a fast pace, and it is estimated to have a CAGR of 16 percent across the 2023-2027 timeline