Discover the Top 10 IoT Applications in 2020
The 2020 analysis of Internet of Things application areas shows that of the 1,414 public enterprise IoT projects identified, Manufacturing / Industrial settings are most common (22%), followed by Transportation / Mobility (15%) and Energy IoT projects (14%).
via IoT Analytics
Data Management Analytics Spend will Reach $19.8 Billion
More CIOs and CTOs are seeking actionable insight from the new technologies that are driving digital transformation within the industrial and manufacturing sectors. Manufacturing plants generate mountains of data throughout the day, every day. That data is a valuable asset.
How Robotics will Enable the Exoskeleton Market
The increased need for advanced robotic technologies will accelerate the global exoskeleton market, with worldwide revenues reaching $2.6 billion by 2025. Robust demand for healthcare, industrial and enterprise apps are driving adoption.
Industrial and Commercial Robotics Upside Investment
Some technology sector M&A activity is relatively immune to market disruptions. The robotics industry received significant investment in 2019, reaching $46 billion. A total of $17.8 billion went to acquisitions and a further $29 billion went into investments, according to ABI Research.
Global IoT Connections will Reach 83 Billion by 2024
Juniper Research has identified private cellular wireless networks as a key driver of the growth of The Internet of Things (IoT) adoption over the next five years. This trend has been slowly establishing itself as LTE networks can be leveraged to do so, offering a wireless data connection.
How 5G Tech Will Drive Industrial IoT Use Cases
With its potential to accelerate and augment the industrial internet of things (IIoT), 5G technology is poised for major growth in the industrial sector, with 5G IIoT connections forecasted to rise to nearly 140,000 units in 2023, up from only about 1,000 in 2021, according to Omdia.
Equipment as a Service: Next Decade for IoT Innovation
What will we be looking at 10 years from now, at the end of the next decade? “We believe that we are at the cusp of a new business model innovation that would disrupt enterprise equipment ownership: equipment as a service – where companies pay for outcomes, not equipment.”
via IoT Analytics
Global Upside for Robotic Systems and Drones Market
Global spending on robotic systems and drones will reach $128.7 billion in 2020 — that’s an increase of 17.1 percent over 2019, according to IDC. By 2023, IDC expects the investment will reach $241.4 billion with a compound annual growth rate (CAGR) of 19.8 percent.
Economic Impact of Automation and Big Data Analytics
Today’s factories run on data. To harness that data, manufacturers are turning to software applications such as Electronic Resource Planning (ERP), Manufacturing Execution Systems (MES), Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Inventory Management, and CRM and Demand Planning.
How Industry 4.0 Will Fuel 5G Global Revenue Growth
According to ABI Research, by 2026 there will be 5.3 million 5G connections on the factory floor which will generate revenue of more than $184 million — that’s a CAGR of 623 percent between 2021 and 2026.
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