1h Free Analyst TimeThe Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. The publisher forecasts that the global IoT market will grow to reach $1,077 billion by 2024, and IoT revenue in the manufacturing sector will reach $90 billion by 2025, up from $60 billion in 2019.
Speak directly to the analyst to clarify any post sales queries you may have.
IoT is the foundation for digitalization within the packaging sector. Peripheral technologies like 5G, artificial intelligence (AI), cloud, and edge computing support and enhance IoT. IoT collects the data, 5G transmits it, and AI extracts insight from it.
Packaging companies are using IoT to enhance the efficiency of their operations. Connected sensors allow assets to be monitored in real-time and, when combined with AI, can be used to predict faults before they occur. Packaging manufacturers are turning to the Industrial Internet to achieve their ESG (Environmental, Social, and Governance) targets. The Industrial Internet is helping companies to monitor a range of environmental parameters, like water and energy use.
Thanks to the declining price of sensors and tech vendors offering IoT as a service (IoTaaS), IoT deployment is becoming more accessible to packaging companies. Companies should resist flashy, gimmicky IoT features, and companies should define clear and targeted use-cases before implementing IoT devices across factories.
Table of Contents
- Executive Summary
- IoT Value Chain
- Device layer
- Connectivity layer
- Data layer
- App layer
- Services layer
- Packaging Challenges
- The Impact of IoT on Packaging
- Case Studies
- Market Size and Growth Forecasts
- IoT Timeline
- Leading IoT adopters in packaging
- Leading IoT vendors
- Specialist IoT vendors in packaging
- Sector Scorecard
- Packaging sector scorecard
- Further Reading
- Our Thematic Research Methodology
- About the Publisher
- Contact the Publisher
A selection of companies mentioned in this report includes:
- CDA 40 zavarovalnica d.d."