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In the age of Industry 4.0 and the digital transformation of manufacturing, the manufacturing industry is the market where most Industrial Internet of Things (IIoT) projects are realized and by far the market where most IIoT investments are made.
IoT is a core component of industrial transformation efforts across the globe, including Industry 4.0 (with its fourth industrial revolution) and the Industrial Internet (with the Industrial Internet Consortium)
Moreover, manufacturing isn’t just the clear leader in the Industrial Internet but it tops ALL industries (including the consumer IoT space) in the broader Internet of Things reality. According to IDC data, published early 2017, the manufacturing industry was good for a total IoT spend of $178 billion in 2016, which is more than twice as much than the second largest vertical market (in IoT spend), transportation.
Manufacturing is poised to keep that first position across the globe until at least 2020, even if, as usual, in some geographies, this leading position is more outspoken.
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