Predictive maintenance market: 5 highlights for 2024 and beyond
In short The global predictive maintenance market grew to $5.5 billion in 2022—a growth of 11% from 2021—with an estimated CAGR of 17% until 2028, according to the Predictive Maintenance and Asset Performance Market Report 2023–2028. With median unplanned downtime...
Industry 4.0 check-in: 5 learnings from ongoing digital transformation initiatives
In short Digitalization has become essential for industrial companies worldwide, as IoT Analytics expects the industrial IoT market to reach $145 billion in 2023. The Industrial IoT and Industry 4.0 Case Studies Report 2023 delves into 22 case studies, exploring their...
Digital twin market: Analyzing growth and emerging trends
In short According to our Digital Twin Market Report 2023–2027, the digital twin market is expanding, with a projected CAGR of 30% between 2023 and 2027. 29% of global manufacturing companies have either fully or partially implemented their digital twin strategies....
Telematics gateways: Driving the future and evolution of mobility
In short According to the IoT Gateway Market Report 2023–2027, the $810-million telematics gateways market experienced accelerated growth following the COVID-19 pandemic and is expected to rise to a CAGR of 19% through 2027. Telematics gateways enable supply chain...