Here at Connected Networks, we have been compiling our 2024 business connectivity trends to help you navigate the evolving world of global connectivity.
Before we look ahead to the next 12 months though, let’s review a transformative 2023 – a year characterised by the relentless push towards digitalisation, largely influenced by evolving business needs and the global economic landscape.
Last year the digital connectivity landscape saw unprecedented growth, driven by a surge in remote work, the burgeoning demand for cloud services and the widespread adoption of IoT. Businesses across the globe rapidly embraced digital transformation, with statistics indicating a substantial increase of 35% in cloud infrastructure spending.
2023 also saw a significant uptick in mobile data usage, with reports suggesting a 40% increase compared to 2022. This spike was fuelled by the expanding mobile workforce and the proliferation of mobile applications in the business environment. Additionally, the global IoT market grew exponentially, with an estimated 30 billion IoT connections.
The rising tide of digitalisation also brought cybersecurity to the fore. In response to escalating threats (following a 25% increase in cyber-attacks on businesses) there was a marked shift in IT spending towards security solutions, underscoring the need for robust and secure connectivity frameworks.