Industrial Internet of Things (IIoT) Technologies, Solutions, Applications and Services Market Outlook and Forecasts 2018 - 2023

By September 4, 2018Product News

This research is critical to identifying opportunities for R&D, technology integration, and development of new solutions and applications across industry segments. Our findings, insights, data and forecasts are also a key part of capitalizing upon the market for new and enhanced hardware, software, platforms, and services for emerging IoT networks and systems. In support of these goals, the report provides critical analysis about IIoT technologies, companies, applications, services, and solutions.

Industrial Internet of Things (IIoT) technologies are poised to transform many industry verticals including healthcare, retail, automotive, and transport. For many industries, IIoT will significantly improve reliability, production, and customer satisfaction. While, IIoT will initially improve existing processes and augmented current infrastructure, the ultimate goal will be to realize entirely new, and dramatically improved products and services. Successful companies will be those that understand how and where IoT technologies and solutions will drive opportunities for operational improvements, new and enhanced products and services, as well as completely new business models.

One clear area of improvement for industrial businesses will be Teleoperation and Telerobotics as various industries will leverage the ability to control real machines/equipment by virtual object through master controlling interfaces. Teleoperation will also be transformed by Digital Twinning, which refers to the mapping of the physical world to the digital world in which IoT Platforms and Software are leveraged to create a digital representation of physical object or asset. The Digital Twin of a physical object can provide data about the asset such as its physical state and disposition.

Report forecasts include overall global and regional IIoT outlook as well as IIoT by industry vertical, software, hardware, and services for the period 2018 to 2023.

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