Industrial IoT

The industrial IoT (IIoT) (related concept: Industry 4.0) is the industrial subset of the Internet of Things and refers to manufacturing industries where assets are connected.

Latest Insights: Industrial IoT

Top 10 industrial technology trends—as showcased at Hannover Messe 2024

Top 10 industrial technology trends—as showcased at Hannover Messe 2024

In short The current state of industrial technology was on full display at Hannover Messe 2024, with topics such as sustainability and industrial AI at the center of attention. IoT Analytics had a team of 25 on the ground to uncover the latest industrial technology trends and assess the future of industrial automation. The team noticed an increasing prominence of edge technologies, ecosystem...

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Challenges with IoT product launches: Why time-to-market has increased 80% in 4 years

Challenges with IoT product launches: Why time-to-market has increased 80% in 4 years

In short In 2023, OEM time to market for connected products—from project kick-off to the first paying customer—averaged 41 months, an 80% climb since 2020, according to the 206-page IoT Commercialization & Business Model Adoption Report 2024. Though this appears counterintuitive given advances in IoT technology, increased market knowledge, and a decreased historical learning curve, the...

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OEM servitization strategies: Why Equipment as a Service hasn’t taken off yet

OEM servitization strategies: Why Equipment as a Service hasn’t taken off yet

In short According to the latest 147-page Equipment as a Service Market Report 2024–2028, the total equipment-as-a-service (EaaS) market reached $21.2 billion. Despite initial optimism, EaaS adoption has been slower than anticipated in the past 4 years, with less than 1% of equipment sales in 2023 being executed under EaaS contracts. While widespread adoption has not yet occurred, there are...

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How to create a successful IoT business model—Insights from successful OEMs

How to create a successful IoT business model—Insights from successful OEMs

In short Many equipment manufacturers (OEMs) have significantly advanced their IoT strategies, introducing innovative software and services, and revamping their business models. This evolution has enabled some to expand their IoT deployments to millions of devices successfully. Connected products are now the norm - It is expected that by 2026 more than 50% of products sold by OEMs will be IoT...

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The top 10 industrial automation trends—as seen at SPS 2023

The top 10 industrial automation trends—as seen at SPS 2023

In short The current state of industrial automation was on full display at SPS Fair 2023—the Smart Production Solutions fair. Our five-analysts team produced a 75-page event report and presents its top 10 trends on the state of industrial automation here. Why it matters? SPS is one of the world’s most important industrial automation fairs. The showcased technologies are widely applicable to any...

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Predictive maintenance market: 5 highlights for 2024 and beyond

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 costs larger than $100,000 per hour, the importance of accurately predicting failures of large assets has never been higher. This...

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Our View On Industrial IoT

The industrial IoT (IIoT) (related concept: Industry 4.0) is the industrial subset of the Internet of Things and refers to manufacturing, energy, oil and gas, and similar settings in which assets are connected to the internet.

The industrial IoT research stream covers the core elements:

1. Connected Industry Building Block
  • Hardware, such as chips, sensors or gateways
  • Connectivity protocols and services
  • Hosting environments, IoT platforms, and data analytics & AI
  • Applications that are built on top of the software layer
  • Cyber security technologies and methods used throughout the stack
  • Systems integration, connecting systems both vertically and horizontally
2. Disruptive Trends

The technologies and standards which are being be altered or replaced by disruptive trends caused by I4.0 technologies.

3. Supporting Technologies

Six technologies frequently deployed alongside the connected industry building blocks to support the I4.0 key use cases.

  1. Additive Manufacturing (AM)
  2. Augmented and Virtual Reality
  3. Collaborative Robotics
  4. Connected Machine Vision
  5. Drones/UAVs
  6. Self-Driving Vehicles
4. Key Use Cases

Use cases implementing connected industry and/or supporting technologies.

5. Adoption Strategies

OEMs, factories, and industrial automation suppliers are all leveraging I4.0 technologies to differentiate themselves in the market.

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