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Latest Insights: Industrial IoT
UPDATE: Please see Predictive Maintenance Companies Landscape 2019 for the latest article. Predictive Maintenance is one of the leading use cases for the Industrial Internet of Things and Industry 4.0. Our recent analysis suggests that the market for predictive maintenance applications is poised to grow from $2.2B in 2017 to $10.9B by 2022, a 39% annual growth rate. In a nutshell,...
New Report Indicates US$11 Billion Predictive Maintenance Market By 2022, Driven By IoT Technology And New Services
PRESS RELEASE: Hamburg, Germany - 21 March 2017 // IoT Analytics, a leading provider of market insights for the Internet of Things (IoT), today published a comprehensive Market Report, focusing on sizing the opportunity of the Predictive Maintenance market for the period 2017 to 2022. Predictive Maintenance Report Cover The emerging market for Predictive Maintenance shows increasing growth as...
Key insights Industry 4.0 related patents have grown by a factor of 12x in 5 years3D printing as the up and coming technology showing rapid growthCloud computing currently with largest patent activityCyber physical systems with unexpectedly low patent innovation Introduction to Industry 4.0 Industry 4.0 or in other words the fourth industrial...
Learning from past industrial revolutions When the steam engine was invented in 1781, some people believed that the world would soon see the end of manual labor. But the opposite happened. The steam engine created completely new sectors like railway systems or efficient factories, thereby eliminating some manual labor but also creating a number of new jobs, for example machine operators,...
In the 1980s IBM had a rock-solid market position in personal computers. Along came a small startup called Microsoft and disrupted the operating system space with DOS and Windows. By the 1990s Microsoft had a dominant position in operating systems. Along came a small startup called Android that offered an operating system for smartphones. Today, Android dominates that space with Microsoft...
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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.
- Additive Manufacturing (AM)
- Augmented and Virtual Reality
- Collaborative Robotics
- Connected Machine Vision
- 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.
Our Lead Expert
Matthew is a principal analyst based in the USA, focusing on industrial technologies. He is IoT Analytics’ lead expert for Industrial IoT, including Industry 4.0 and Industrial Software.
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