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Magnetoelectric (ME) materials composed of magnetostrictive and piezoelectric phases have been the subject of decades of research due to their versatility and unique capability to couple the magnetic and electric properties of the matter. While these materials are often studied from a fundamental point of view, the 4.0 revolution (automation of traditional manufacturing and industrial practices, using modern smart technology) and the Internet of Things (IoT) context allows the perfect conditions for this type of materials being effectively/finally implemented in a variety of advanced applications. This review starts in the era of Rontgen and Curie and ends up in the present day, highlighting challenges/directions for the time to come. The main materials, configurations, ME coefficients, and processing techniques are reported.