Commercial buildings are getting smarter. They now include a growing variety of technologies that are part of the Internet of Things (IoT) phenomena. Across the globe, new buildings are being constructed with both wired and wireless IoT infrastructure that enables innovation.
The manufacturing sector will undergo a transformation as new technologies enable innovative factory automation solutions. The ‘Digital Factory’ market will grow at a compound annual growth rate of 33 percent to reach $673 billion in 2026, according to ABI Research.
Across the globe, CEOs and line of business leaders are seeking new ways to adopt business technology that enables digital innovation. However, American organizations are forecast to invest 1.75 times more than European organizations on information technologies (IT) from 2018 through 2022.
The latest worldwide market study finds $174 million in Industrial and IoT Blockchain spending today and predicts the market will expand to $573 million by 2023 – driven by encouraging pilot project results and ongoing corporate investments.
via IoT Analytics
While wired networking solutions are still predominantly used for industrial communications between sensors, controllers and systems, wireless solutions have gained a strong foothold in a number of applications.
Many new internet apps will be deployed during this year. Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, that’s an increase of 15.4 percent over the $646 billion invested in 2018, according to the latest market study by IDC.
There are 7 billion Internet of Things (IoT) devices connected at the end of 2018. Most of those devices are connected via short-range protocols (WPAN or WLAN). Connected IoT devices will reach 22 billion by 2025, in part driven by new low-power wide-area (LPWAN) standards as well as 5G cellular.
via IoT Analytics