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.
Worldwide shipments of connected vehicles will reach 51.1 million units in 2019 — that’s an increase of 45.4% over 2018. By 2023, worldwide shipments are forecast to reach 76.3 million units with a five-year CAGR of 16.8%.
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
The need for trust starts when a product or component leaves the factory or farm. A manufacturer that has implemented automated trust creates a digital “birth certificate” with specifications, provenance, cost, and other relevant data.
The Industrial IoT Platforms market is accelerating in 2019 as industrial manufacturers prioritize their transformation into IoT data-driven companies. Spending on Platforms-related software and services is forecast to grow at a rate of 40% per year until 2024.
via IoT Analytics
Advanced-level data analytics, bolstered by technological advances in Artificial Intelligence (AI) systems, permeate every major market and digital security is, fortunately, no exception.
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.