Industrial IoT: How Connected Things Are Changing Manufacturing

The increasing adoption of IoT connected machines across various industries to eliminate the monotonous process, reduce the workload, and provide a superior and digitized experience. Increasing digitalization and growing factory automation in the industries are positively impacting the growth of the IoT connected machines market. Furthermore, rapid growth in AI, big data technology, and developing machine learning language are fueling the growth of the IoT connected machines market.The growing demand for real-time responses and timely functioning of IoT systems is a rising demand for IoT operating systems which ultimately supplement to the growth of the IoT connected machines market. However, the high cost of implementation of IoT may hamper the growth of the IoT connected machines market. Moreover, when machines and devices are connected to the internet, it provides insight about the processes and collect valuable information and give a comprehensive understanding about the real-time functioning which help to improves the productivity, thus rising implementation of the IoT which drives the growth of the market during the forecast period.

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Companies mentioned:

Advantech Co., Ltd.
ATandT Inc.
BandR Industrial Automation GmbH
Cisco Systems, Inc.
Dell Inc.
Honeywell International Inc.
IBM Corporation
Robert Bosch GmbH
Rockwell Automation, Inc.
Schneider Electric SE