Strategic Intelligence: Industrial Internet

The Industrial Internet, also known as the Industrial Internet of Things (IIoT), refers to the use of connected sensors and actuators to control and monitor industrial machinery environments, helping detect faults early and predict maintenance requirements.

Key Highlights

• The analyst forecasts that the global Industrial Internet market will reach $553 billion in revenue by 2029, up from $259 billion in 2024 and growing at a compound annual growth rate (CAGR) of 16% from 2024 to 2029. The largest contributor to Industrial Internet revenues is the manufacturing vertical, which will generate $142 billion in 2029, growing at a CAGR of 18%, followed by the transport and logistics sector, which will grow to $85 billion by 2029 at a CAGR of 17%.
• Artificial intelligence (AI) will transform the Industrial Internet by making connected devices smarter. That will, in turn, lead to autonomous decision-making, predictive maintenance, significant efficiency gains, and more resilient, agile supply chains through advanced analytics and the growing impact of digital twins. Nvidia and Siemens are already talking up the concept of an industrial AI operating system, with plans to build the world’s first fully AI-driven, adaptive manufacturing sites globally, with the Siemens electronics factory in Erlangen, Germany, as the blueprint.

Report Scope

• This report provides an overview of the Industrial Internet theme.
• It highlights the key technologies involved, including AI, digital twins, edge computing, connectivity, cybersecurity, embedded sensors, and actuators.
• The report provides a comprehensive industry analysis, outlining the key growth areas and potential use cases.
• It identifies the best-positioned players in the Industrial Internet theme across all segments of the value chain.
• The report also includes a timeline charting the development of the Industrial Internet.
• The value chain splits the Industrial Internet theme into five layers: physical, connectivity, data, apps, and services.

Reasons to Buy

• The Industrial Internet plays a crucial role in modernizing industries by connecting devices, collecting real-time data, and enabling smart automation, leading to significant boosts in efficiency, productivity, and cost savings through predictive maintenance and optimized resource use. This report provides an invaluable guide to this disruptive technology theme.