of Industrial Internet of Things (IIoT) the market is a growing subsector i Internet of Things (IoT) that focuses on facilitating greater connectivity between equipment, software, and employees in an industrial environment.
These smart, sensor-based technologies use ultra-low latency connections, usually via cloud computing or edge calculation, to collect data and make automated decisions in an industrial network.
Although the Industrial Internet of Things market is largely tied to manufacturing-based solutions, where automation is the key to success, IIoT is growing rapidly in capabilities and usability.
Read on to learn about technologies, applications and companies in the growing IIoT market:
A closer look at today’s IIoT landscape
Read also: Internet of Things (IoT) Marketplace.
Industrial Internet Market of Things
The IIoT market is a part of the larger IoT market, but due to the numerous cases of its use for industrial operations, only the IIoT market is growing rapidly.
The IIoT global market was estimated at about $ 216.13 billion in 2020 and is expected to grow to about $ 1.1 trillion by 2028, according to Study of the big picture.
Swift digital transformations occurring as a result of the pandemic are some of the key factors for the aggressive growth rate. IIoT device manufacturers are finding more and more affordable and accessible ways to develop IIoT sensors and processors, meeting the demand for increased operational automation. As a growing number of enterprises lean towards automated assembly lines and operations, as well as other “unified digital-human workforce” strategies, IIoT is expected to grow in almost every global industry.
Benefits of IIoT
The IIoT connects different points of tools, data and users across industrial environments and offers some key benefits once implemented:
Automation is one of the essential benefits that IIoT technology offers to its users. The IIoT is designed to collect and manage data in such a way that it can be trained, or train other tools, to perform manual work that is typically performed by human workers on an assembly line. Industrial IoT automation limits the space for user errors and reduces manual labor for a skilled workforce.
Maintenance and safety
IIoT is often applied for automated predictive maintenance and safety monitoring on assembly lines. Through its low-delay and continuous collection of performance data, IIoT sensors give companies the ability to analyze various aspects of performance and determine if equipment needs to be updated or replaced or if an employee is in contact with hazardous working conditions. IIoT sensors can also detect several environmental factors, such as temperature and air quality, to ensure the safety of equipment and products manufactured in transit.
Because IIoT focuses on gathering as much data points and knowledge in real time, it is often used as a preliminary tool that can prevent unnecessary outages caused by equipment outages and other performance issues. Less downtime leads to greater workplace efficiency and overall productivity.
In a more traditional factory or industrial environment, worker people use automated equipment and machines operate according to their own programming. The IIoT is one of the few technical solutions that reduces the silos between the workforce and their equipment. Users gain more direct knowledge from their tools and allow the tools to learn from human intervention over time.
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Cases of using IIoT
Most cases of IIoT use are currently found in the manufacturing and supply chain industries. companies are relying on leading IIoT providers to improve their real-time data knowledge and operational visibility:
“Huawei and DHL will collaborate on innovative projects focusing on mobile-based Internet of Things technology, which can connect large volumes of long-distance devices with minimal power consumption. The larger link will provide a more integrated logistics value chain, providing critical data and visibility into storage operations, freight transport and last mile delivery. -A SVP at DHL, a global distribution and logistics company, at Huawei IIoT
“We wanted to get quality data in real time and use the same data to analyze trends to help prevent defects before they happen. We also want the person in charge to be notified immediately if any of the equipment is malfunctioning or if there is an outage, so that we can minimize downtime. ” -An engineer in the manufacture of vehicles, in Cisco IIoT
As connectivity innovations – such as highly cloudy environments, edge counting and 5G Networks – become more widespread and more accessible, expect to see more IIoT applications in global industrial markets.
Industrial Internet of Things Providers
The group of technology companies in the IIoT market is growing steadily; Here are some of the key vendors that have made the most advances in industrial IoT:
- Hitachi Vantara
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