Tag Archive | internet of things

IoT Deployment Revenue will Reach $1 Trillion in 2022

IoT Deployment Revenue will Reach $1 Trillion in 2022

While organizations are investing in hardware, software, and services to support their IoT initiatives, their next challenge is finding solutions that help them to manage, process, and analyze the huge amounts of data being generated from all these connected things.

via Digital Lifescapes

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.

via IoT Analytics

Connected IoT Devices Will Generate 79.4ZB of Data

Connected IoT Devices Will Generate 79.4ZB of Data

Devices connected to the Internet, including machines, sensors, and cameras that are the Internet of Things (IoT), continues to grow. IDC forecasts there will be 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025.

via IDC

IoT Revenue will Reach $1.1 Trillion in 2023

IoT Revenue will Reach $1.1 Trillion in 2023

Worldwide spending on the Internet of Things (IoT) is forecast to pass the $1.0 trillion mark in 2022, reaching $1.1 trillion in 2023. IDC shows the CAGR for IoT spending over the 2019-2023 forecast will be 12.6%.

via IDC

Global Cargo Tracking Revenue will Reach €1.8 Billion

Global Cargo Tracking Revenue will Reach €1.8 Billion

Applications for the Internet of Things (IoT) are helping to transform the global cargo sector. According to Berg Insight, the number of active tracking devices deployed for cargo loading units — including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets — reached 6.1 million worldwide in 2018.

via Digital Lifescapes

The Digital Transformation of Agriculture Enabled by IoT

Agriculture's Digital Transformation Enabled by IoT Apps

By 2024, over 2 million farms and 36 million cattle will be connected, according to ABI Research. There’s a significant upside opportunity for IoT apps within the agricultural market — specifically connected agriculture in field crops, tree crops, and livestock.

via Digital Lifescapes

Industrial Internet of Things Upside for Manufacturing

Industrial Internet of Things Upside for Manufacturing

The Industrial IoT Platforms for Manufacturing report forecasts a compound annual growth rate (CAGR) of 40% over the time frame of 2019-2024, with annual spending surpassing $12.4 Billion by 2024.

via IoT Analytics