Industrial Convergence



Industrial Convergence

There is an ongoing Industrial Convergence happening across ICT, manufacturing, and enterprise. This convergence is driven largely by Industrial Automation and manifest in the integration of certain key technologies including Artificial Intelligence (AI), Broadband Wireless (LTE and soon 5G), Cloud Computing, and various Industrial Internet of Things (IIoT) technologies and solutions.

Select market projections to consider include:

5G

  • Large-scale commercial 5G trials to increase 5X by 2021
  • Manufacturing to be leading IoT 5G industrial application area by 2021
  • Leading 5G apps include IoT, Haptic Internet, Virtual Reality, and Robotics
  • 5G enabled autonomous robots market is expected to reach $14.6 billion by 2030
  • 5G will lead to accelerated Virtual Reality deployment with $72B incremental revenue by 2026

IIoT

  • The North American market for IIoT will reach to $599B with a CAGR of 13.1%
  • The European IIoT market will be the highest with $629B with a CAGR of 11.9%
  • One of the leading IIoT segments, healthcare, will reach $338B with a CAGR of 10.5%
  • The market for artificial intelligence in IIoT Teleoperation and Tele-robotics will reach $19B by 2021
  • APAC IIoT market CAGR will be 14.4% with smart factory deployments in China and Indian leading the way

Big Data Technologies

  • The global Big Data Market will reach $72B USD by 2021 with a CAGR of 20.8%
  • Western Europe will be a market leader with $20.9B USD by 2021 with CAGR of 22.2%
  • Business Intelligence Tools and Analytics Platforms will reach $15.8B USD globally by 2021
  • Professional Services remains the leading revenue area through 2021 with CAGR of 23.8%
  • Open development tools and communities are driving innovation in key areas such as Cloud and IoT

IoT Data

  • IoT Data investment in Europe will reach $50.2B by 2021
  • Global IoT Data as a Service (IoTDaaS) will reach $15B by 2021
  • Real-time IoT Data Analytics represents a substantial growth area
  • IoT Data Management Support Software will be crucial for success
  • Global data analytics in IoT market will reach $114B by 2021 with 70.1% CAGR

More Information

Mind Commerce covers Industrial Convergence in many of its reports including:

Leading 5G Applications and Services: Industrial Automation, Robotics, Haptic Internet, and Virtual Reality

Industrial Convergence: 5G, Industrial IoT, Smart Infrastructure, Big Data, IoT Data Management and Analytics 2016 - 2021

Industrial Internet of Things (IIoT): Market Opportunities for Solutions, Products, and Services 2016 – 2021

Industrial IoT and 5G: Emerging Technologies, Solutions, Market Outlook and Forecasts

Teleoperation and Telerobotics in Industrial Internet of Things (IIoT)

Industrial Convergence Revolution: Smart Cities, Industry 4.0, Big Data in Manufacturing, and Industrial IoT

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