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.
According to the latest market study by Berg Insight, the market for consumer GPS pet trackers and services in Europe and North America is forecast to grow from € 60 million in 2017 to reach about € 340 million in 2022.
According to the latest market study by Juniper Research, the IoT payments market will grow at an average of 75 percent per year over the next 5 years, reaching $410 billion by 2023. This is up from an estimated $24.5 billion in 2018 — and the most growth will come from in-vehicle payments.
The digital revolution is just beginning. As data, connectivity, and processing power expand, so do opportunities for industrial companies to extract value through innovative products, services, operational efficiencies, and business models.
The market for Industry 4.0 products and services is expected to grow to $310 Billion by 2023. That forecast is based on the state of I4.0 adoption across manufacturing verticals and the analysis of two distinct technological subsets.
via IoT Analytics
Ambient commerce will drive expenditure on IoT connected devices and on IoT software and services in the retail sector. By 2020, the retail sector will spend $5.3 billion on IoT software and services — that’s up from $2.7 billion in 2018.