The global construction industry experienced a 45% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by Johnson Controls International with 71% year-on-year increase, according to GlobalData’s analysis of over 367 construction company filings. The growing application of Internet of Things will prove to have a transformative impact across multiple sectors. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of edge computing and big data, according to GlobalData.
Of the top leading companies in the construction industry, Johnson Controls International had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified 12 internet of things-related sentences in the company's filings - 0.6% of all sentences - and an increase of 71% in Q2 2023 compared with Q2 2022. CNH Industrial’s mentions of internet of things dropped by 77% to 3 and Trane Technologies’s by 50% to 2 and Toro’s by 50% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q2 2023 was 103.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.