Market Overview

Strategy Analytics: Promising Future for IoT in Industrial Markets

Share:

Driving Improvements in Manufacturing through Digital Transformation

According to the latest IoT research from Strategy Analytics, The
Role of the IoT in the Global Industrial and Manufacturing Market

will allow a more analytical approach to the management of the
manufacturing function.

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 optimization.
  • 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 optimization
and efficiency of the company, or using that information to prevent
machine failure before it occurs."

Andrew Brown, Executive Director of Enterprise and IoT Research at
Strategy Analytics, said, "The growth of IoT in the industrial vertical,
while promising, is not without its challenges. Cost is a key issue in
the profit margin calculation and with many different parts of the
business vying for investment any expenditure will come under
significant scrutiny and require ROI (Return on Investment)
justification, whether it is staffing, operational technology upgrades,
or technology-driven initiatives such as IoT."

A free Executive Summary of the report is available for download
at:

https://www.strategyanalytics.com/access-services/enterprise/iot/reports/report-detail/the-role-of-the-iot-in-the-global-industrial-and-manufacturing-market-an-executive-summary

The report, The Role of the IoT in the Global Industrial and
Manufacturing Market
, is published by the Strategy Analytics IoT
Strategies (IoT) service, details of which can be found here:

https://www.strategyanalytics.com/access-services/enterprise/iot/about-iot#.Wm79kq-LMeM

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory
services, consulting and actionable market intelligence for emerging
technology, mobile and wireless, digital consumer and automotive
electronics companies. With offices in North America, Europe and Asia,
Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com

View Comments and Join the Discussion!