The global mining industry experienced a 63% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by CNH Industrial with 77% year-on-year decrease, according to GlobalData’s analysis of over 88 mining company filings. The growing application of Internet of Things will prove to have a transformative impact on multiple sectors. GlobalData’s Internet of Things market report helps keep abreast of the latest trends in the 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 online payments and governance, according to GlobalData.
Of the top leading companies in the mining industry, CNH Industrial had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified three internet of things-related sentences in the company's filings - 0.1% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. ABB’s mentions of internet of things rose by 100% to 2.
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 111.
To further understand GlobalData's analysis on Internet of Things market, buy the report here.