Everyone that works in the Industrial Internet of Things (IIoT) industry is enthusiastically optimistic about where this market will go. We hope that seeing this recent report will get our customers equally excited about the potential of this massive industrial transformation, as we are here at Prediccio. The global IIoT market is currently estimated at $145.81 billion in 2017, and is expected to grow to $232.15 billion by 2032. Accenture estimated that IIoT would add $14.3 trillion to the global economy by 2030.
The opportunity to transform your business is massive and is here to stay. At Prediccio, we believe that companies that lack an IIoT strategy will not only leave money on the table, but will get left behind in the shadows of their competitors. Our fundamental belief is based on a few key factors.
- The cost of technology is going down every day. This makes machine connectivity affordable for any size business.
- Companies have squeezed out most of the value from existing technology and systems. However pressure from wall street to reduce costs has not changed at all.
- Companies such as Prediccio have formed with the sole purpose of helping companies build and implement their IIoT strategy. Instead of working with various vendors and OEMs, businesses can work with one company to fully integrate into this next era of digitization.