“In this latest piece of IoT research, The Role of the IoT in the Global Industrial and Manufacturing Market, Strategy Analytics analyses:
- The Opportunities and Benefits IoT offers the Industrial and Manufacturing markets, including automation, predictive maintenance, digital twins and supply chain optimisation.
- The Challenges and Inhibitors in this market, including legacy system integration, connectivity, privacy and security.
- The revenue potential for IoT in this sector, forecast out to 2025.
- How IoT is being used by manufacturing firms, based on Strategy Analytics Enterprise IoT Deployment Survey results.
Matt Wilkins, senior analyst, IoT Research at Strategy Analytics and author of the report noted, “As digital transformation sweeps through all vertical markets, the Industrial market offers many opportunities for IoT. For example, allowing a manufacturing firm to draw upon data from all parts of its activities, feeding into analytics processes from which insights are derived that can positively affect the optimisation and efficiency of the company, or using that information to prevent machine failure before it occurs.””