Haim Piratinskiy - The largest economic impact of IOT will be in manufacturing space. Explore and understand how data driven production is changing the world right now.
23. “Due to the technological innovations and increased demand on the process
control systems, the process automation market is gaining advantage in the
recent years. The growth of process automation and instrumentation is
estimated to be 6.08% from 2014 to 2020, and forecasted to reach market
revenue of $180 billion in 2020”
“The Industrial IoT market size was worth $181.29 Billion in
2013 that is expected to reach $319.62 Billion at a CAGR of
8.15% from 2014 to 2020.”
By 2020, European industrial companies will invest €140 billion annually in industrial
internet applications. Over the next five years, the industrial companies surveyed will
invest, on average, 3.3% of their annual revenues in industrial internet solutions. This is
equivalent to nearly 50% of the planned new capital investments and an annual sum of
more than €140 billion with regard to the European industrial landscape. These
investments will have to be used along the entire value chain in order to achieve
maximum success.
24. Private & Confidential
Global Partnerships & Clients
Partnerships:
Statistics:
Over 5 Terabytes of data
collected
Over 1M I/O monitored
Installed in six (6) different
Industries
Pipeline includes:
Fortune 100 household goods maker
Global discrete electronics manufacturers
International automotive brand
Top alcoholic beverage company