The Internet of Things in manufacturing
In the age of Industry 4.0 and the digital transformation of manufacturing, the manufacturing industry is the market where most Industrial IoT (IIoT) missions are realized and by far the market where most IIoT investments are made.
IoT is a core factor of industrial transformation efforts across the globe, including Industry 4.0 (with its fourth industrial revolution) and the Industrial Internet (with the Industrial Internet Consortium)
Moreover, manufacturing isn’t just the clear leader in the Industrial Internet but it tops ALL industries (including the consumer IoT space) in the broader IoT reality. According to IDC data, published early 2017, the manufacturing industry was good for a total IoT spend of $178 billion in 2016, which is more than twice as much than the second biggest vertical market (in IoT spend), transportation.