Technavio Says the Shift Towards Human-centered Automation Will Propel the Global Industrial IoT Market Through 2019

LONDON--()--Technavio has published a new report on the global industrial IoT market, which is expected to grow at a CAGR of more than 26% from 2015-2019.

About the Report

According to the new report by Technavio, companies are introducing automation and flexible production techniques in manufacturing to enhance productivity and improve business efficiency. Additionally, predictive asset maintenance should help companies to reduce costs on scheduled repairs, maintenance, and eliminate breakdowns.

“Big data analytics, when combined with industrial internet of things, leads to greater business productivity through several predictive mechanisms and risk aversion models,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also illustrates the growing adoption of industrial IoT, which may lead to a shift in employment structures. A blended workforce where both humans and machines work together to attain outcomes that neither humans nor machines could produce alone is soon expected.

“Companies will use intelligent machines and network systems to automate tasks at lower costs and achieve high quality outcomes,” adds Ghaus.

Market Scope and Calculation of Market Size

The new Technavio report covers the present scenario and growth prospects of the global industrial IoT market from 2015-2019. To calculate the market size, the report considers global industrial IoT spending on software and services, while the market size estimates exclude the devices and hardware spend.

Key Information Covered in the Report:

  • Key Vendors:
    • AT&T
    • Cisco
    • GE
    • IBM
    • Intel
    • Qualcomm
  • Market Growth Drivers:
    • Need to improve business efficiency
    • For a full detailed list, view our report.
  • Market Challenges:
    • Interoperability issues among existing systems
    • For a full detailed list, view our report.
  • Market Trends:
    • Growing demand for Big Data analytics
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the IoT market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Technavio has published a new report on the global industrial IoT market, which is expected to grow at a CAGR of more than 26% from 2015-2019.

Contacts

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com