IoT in Manufacturing: The Ultimate Guide

One such technology involves the Internet of Things(IoT). The emergence of IoT applications in the manufacturing industry is because of the pique in consumer interests and their need for personalization.

Manufacturing businesses are adopting Industrial Internet of Things (IIOT) to improve their performance and make the most out of their existing resources.

The worldwide market of IoT in the manufacturing market will grow at Compound Annual Growth Rate CAGR) of 10.1%, from $ 33.2 billion in 2020 to $ 53.8 billion in 2025.

Industries can link and automatically integrate items and processes to construct cyber-physical systems, which forms the base for Industry 4.0. The prime objective of Industry 4.0 is to deploy newer technologies to create value manufacturing businesses while reducing waste.

Businesses can also adopt industrial IoT solutions that can optimize and utilize the workforce to offer better return of investment. And the IoT application in manufacturing can be the sole driving force of Industry 4.0.

Read more: IoT in Manufacturing: The Ultimate Guide