Welcome to this compelling delve into the fast-evolving world of Industrial Automation. In this highly-digitized era, Internet of Things (IoT) is revolutionizing numerous sectors, with Industrial Automation being one of the dominant fields touched by this transformation. This blog post will present illuminating statistics on IoT in Industrial Automation, a remarkable intersection of innovation that is redefining manufacturing landscapes and industrial landscapes. Hold on to your seats, as we take a journey through numbers that reveal the impact, potential, and scale of IoT and its pivotal role in the next level of Industrial automation.
The Latest Iot In Industrial Automation Statistics Unveiled
By 2025, over 75 billion devices will be connected to the IoT.
Painting a picture of the future, the projection of over 75 billion devices connected to the IoT by 2025, bears testament to not just the rapid evolution but also the enormous potential of IoT technology, especially in the realm of industrial automation.
Diving into the heart of a digitized industrial revolution, this statistic signifies an impending massive surge in data collection, real-time communication, and resultant efficiency for industries worldwide.
In the bigger frame of things, it sets the stage for industrial automation to become not an added feature, but a fundamental element of business ecosystems. As we stand at the threshold of a smart, hyperconnected future, this statistic serves as a compelling gaze into what lies ahead for industrial automation and its symbiotic relationship with IoT.
The global industrial automation market for the oil and gas industry, which heavily uses IoT, is predicted to grow by $1.71 billion between 2022-2026.
Highlighting the projected growth of the industrial automation market in the oil and gas industry—a sector intensively utilizing IoT—casts light on a potential future innovatively influenced by IoT adoption. This prediction of a $1.71 billion expansion from 2022 to 2026 serves as a beacon of possibilities, indicating the extent of economic consequences IoT in industrial automation could bring. It’s an eye-opener in terms of financial scale, potential for productivity enhancements, and operational efficiency that can be expected. No doubt, it is a keystone fact in the grand narrative of IoT in industrial automation, providing numerical evidence to the ongoing digital revolution within the industry.
87% of all manufacturing firms will have adopted IoT technology and 72% of them say IoT is critical to their future success.
Reflecting upon the pulsating advancement of technology in industrial automation, this statistic surges into prominence, showcasing the proliferation of IoT in the manufacturing sector. As a staggering 87% of manufacturing firms are projected to embrace IoT technology, this fact unearths the compelling trend of industrial automation adoption.
Furthermore, IoT is not just seen as another modern tool, rather it’s being recognised as an essential lynchpin to their coming success, confessed by a noteworthy 72% of those surveyed. This discernible endorsement by the majority underscores the imperative role IoT is anticipated to play, invigorating future triumphs of companies, and strengthening the case for its deeper entrenchment in the realm of industrial automation. With the sheer transformative power and the indisputable advantages IoT offers, these numbers come as no surprise, and fittingly underline the narrative of our blog post.
By 2027, the IoT in the manufacturing market will be worth $150 billion.
Undoubtedly, the futuristic projection of the IoT in the manufacturing market surging to a staggering $150 billion by 2027 underscores a key nugget of insight for all industrial automation aficionados. This resounding financial accomplishment not only highlights the immense potential of IoT in revolutionizing industrial automation but also underlines the perfect storm of innovation, investment, and anticipation that is fueling this market boom.
For those engrossed in the dynamic landscape of industrial automation, this statistic serves as an unfurling roadmap to the future. It paints a vibrant picture of how integral IoT is becoming in the manufacturing processes, where real-time data synchronization, process optimization, and automated control systems can lead to operational excellence and enhanced productivity.
The stellar growth trend implied by this projection also hints at how industries are adopting IoT as a potent tool to combat efficiency issues, manage operational risks, and stay competitive in the fierce market place. Be it scribbling a policy, strategizing a business plan or forecasting a trend; the looming $150 billion figure is a robust testament to the critical role IoT is destined to play in the sphere of industrial automation.
By 2021, 60% of global manufacturers will use analytics data recorded from embedded devices to optimize manufacturing and supply-chain operations.
Embedded in the transformative landscape of Industrial Internet of Things (IoT) lies a compelling statistic: ‘By 2021, 60% of global manufacturers will use analytics data recorded from embedded devices to optimize manufacturing and supply-chain operations.’
Think of this as a foretelling; a crystal ball reveal of the future of industrial automation. It sets the stage on two pivotal areas. Firstly, the embrace of analytics data recorded from embedded devices in the manufacturing processes. This represents an era where decision making isn’t just guided by human instinct but also by intelligent devices.
Secondly, the focus on the realms of manufacturing and supply-chain operations can’t be understated. This underscores the gravitation towards precision, efficiency, and overall operational improvement to meet the growing demands.
It cements the narrative of a not-so-distant future where data-driven IoT technology redefines manufacturing norms, drive decisions, and designs the supply-chain strategy, creating an interconnected stream of information and operations. This statistic, in essence, is the pulse, the tempo at which industrial automation marches ahead into a new era of digital transformation.
Industrial Internet of Things (IIoT) market size is set to exceed USD 771.72 billion by 2026.
The soaring number forecasted for the Industrial Internet of Things (IIoT) market size, expected to cross the USD 771.72 billion threshold by 2026, paints a vibrant picture of its indispensable role in forthcoming industrial transformations. This remarkable figure should not just be admired, but closely studied as it serves as an economic compass directing us towards the accelerated future of automation. The projected market size comes as a beacon, heralding the potential for exponential growth and investment opportunities in IIoT. Evidently, this statistic is a testament to the fact that machines, analytics, and people are becoming more interconnected than ever, which will redefine the very fabric of industrial automation.
By 2020, 30% of all industries’ operations and maintenance transformed with AI capabilities connected to IoT networks.
Taking a closer look at the statistic, we delve into a future where nearly one-third of all industries have intermingled their operations and maintenance with AI capabilities in concert with IoT networks by 2020. Here lies the pulse and momentum in the narrative of IoT in industrial automation. Delving deeper, this measurable shift underscores the profound transformation of industrial processes, as industries lean into the symbiosis of AI and IoT. It signals an ever-accelerating adoption curve, with industries intuitively tapping into the amplified efficiency, real-time decision making, and precision that the IoT-and-AI duo brings forth industrial automation. As such, this statistic forms an irreplaceable cornerstone of our discussion about the evolving dynamics of IoT in industrial automation, reminding us of the gravity and swiftness of this technological revolution.
Just under 40% of the worldwide industrial IoT market is projected to be the manufacturing industry.
Casting a glance over the canvas of the global industrial IoT market, an interesting sketch emerges with the manufacturing industry claiming a substantial portion of about 40%. This noteworthy exchange not only accentuates the imperative role of the manufacturing industry, but it also underscores the increasing embrace of IoT within its realm. Implanting this nugget of insight into a blog post about IoT in industrial automation would map the immense potential to revolutionize efficiency, productivity, safety and service in this domain. Strategic adopters could exploit this trend to unlock incredible value and transformative dynamics in the ecosystem of manufacturing.
Industry 4.0, which is highly reliant on the IoT, could add $14.2 trillion to the global economy by 2030.
The projection of ‘Industry 4.0 potentially injecting $14.2 trillion into the global economy by 2030’ offers a powerful forecast in the arena of industrial automation utilizing IoT. This colossal figure projected, illuminates the extraordinary potential of IoT not just as a technological innovation, but as a major economic driver. This demonstrates that keen investment in IoT applications and systems could unlock unforeseen profitability across multiple sectors, and highlights the rapidly growing interconnection between technology, economy, and industry. This is particularly pertinent to companies, decision makers, and investors engaged in industrial automation, suggesting they are in the vanguard of a financial boom tied to IoT implementation.
The annual investment in IIoT worldwide amounted to approximately nine billion U.S. dollars in 2018.
In the expansive realm of Industrial Automation Statistics, pinpointing the global investment in IIoT (Industrial Internet of Things) paints an illustrative picture. Standing at a staggering $9 billion in 2018, this figure underscores the growing momentum around this cutting-edge technology. It sends a clear message – businesses around the world are ready to embrace IIoT for streamlined operations, productivity boosts, and immersive data insights. The profound implications of this investment extend beyond dollars and cents, offering a glimpse into a future where IIoT emerges as a transformative force in the industrial landscape.
The global Industrial IoT market will reach nearly $950 billion by 2025.
Such a striking prediction of the global Industrial IoT market reaching almost $950 billion by 2025 could be seen as the writing on the factory wall for the world, as it signals a significant shift in the way businesses are leveraging technology. It offers a glimpse into a future where Industrial Automation, enriched by the Internet of Things (IoT), is a cornerstone of productivity and efficiency.
In an era where data is the new golden goose, this projection commands attention, acting as a beacon for businesses to navigate the technological transformations of the Industrial sector. It is suggestive of a rising trend that cannot be ignored in any forward-thinking dialogue about IoT in Industrial Automation and paints a promising picture of investment opportunities, market growth, and the potential for revolutionary advancements.
Moreover, it implies a rapid pace of adoption and signifies the growing confidence in IoT technology’s capacity to drive Industrial Automation to new frontiers, backed by an impressive financial canvas. It’s not so much a number on a spreadsheet as it is a herald of a dynamic, interconnected Industrial Revolution 4.0 shaping up on our horizons.
GE predicts that the “industrial internet” could add $10-15 trillion to global GDP in next 20 years.
Plunging into the heart of modern industrial revolution, the eye-opening forecast offered by GE speaks volumes about the transformative potential of the ‘industrial internet.’ Projecting a colossal addition of $10-15 trillion to global GDP over the next two decades, this figure not only highlights an economic boom, but it also underscores the pivotal role of Industrial Automation.
Harnessing IoT or the ‘Internet of Things’, Industrial Automation glows as the nexus of this monetary metamorphosis. Across the manufacturing sector, IoT applications are radically enhancing productivity, reliability, and efficiency, contributing to this projected economic upswing. Therefore, the colossal GDP enhancement prediction by GE resonates as a testament to the unprecedented influence of IoT in Industrial Automation, further emphasizing its timeliness and pertinence in our unfolding digital era. May the stats be our compass, leading us to explore the infinite possibilities in this boundless realm of Industrial Automation.
69% of decision makers in industries believe industrial IoT will drive business model change.
As we traverse the digital era, this statistic serves as a lighthouse that illuminates the future landscape of industrial automation. It is a clear testament to the unfolding revolution, where an astounding 69% of policymakers in industries are already convinced that Industrial Internet of Things (IoT) will be the catalyst for an evolution in business models.
In the sea of IoT in Industrial Automation statistics, this finding isn’t just another drop. Rather, it’s the tidal wave that signifies impending change, thrusting our attention towards the inevitable Intersection between IoT and industrial automation. This suggests that decision makers are not only aware, but also prepared to adapt and harness the power of IoT in remodeling business strategies and operational efficiency. In essence, it brims with implications for the future, signaling an era where Industrial IoT isn’t just an option, but a necessary blueprint for business transformation.
Conclusion
In summary, the influence of IoT in industrial automation is immense and undeniable while its future looks promising. Utilizing IoT in automation processes not only influences productivity, efficiency but also revolutionizes business operations across multiple industries. The soaring statistics augment the transformative potential of IoT, making it a disruption that is fundamental to the dawn of Industry 4.0. As technology continues to advance, businesses will leverage IoT’s potential to further automate processes, therefore it’s crucial for companies to understand, adapt, and incorporate these changes in their strategies. It will be fascinating to watch as these changes unfurl, shaping the entire landscape of industrial automation in unimaginable ways.
References
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