The value of the global industrial Ethernet market is set to grow from its current state of more than $25 billion to over $70 billion by 2025 according to a new research report by Global Market Insights, Inc.. The increased level of IIoT adoption among the manufacturing and automotive sectors is driving much of this growth.
Gartner forecasts that the enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. Utilities will be the highest user of IoT endpoints, totalling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 billion endpoints.
Much has been written about the Internet of Things (IoT) over the last few years, discussing both the explosive growth projections in the number of attached devices and the anticipated value to global business that they will bring. The growth projections alone are staggering. From 2013-2025 the numerical growth shows 100 billion IoT devices globally by 2025 with commercial/industrial electronics, communications and consumer making up the biggest segments.
The Internet of Things is advancing a new breed of smart buildings that are better aligned with the priorities of property owners and managers. IoT enables systems that deliver more accurate and useful information for improving operations and providing the best experiences for tenants. But how do we move forward with large-scale IoT deployments in buildings? TIA’s Clarence Reynolds leads this discussion that includes Brad Klenz – Distinguished IoT Analytics Architect, SAS; Leonard Lee, Managing Director and Founder of neXt Curve; and Todd Boucher, Principal and Founder of Leading Edge Design Group.
Softing acquires Phoenix Digital Corporation, a provider of secure industrial fiber-optic communications products for high availability industrial networking sites. The fiber-optic modules eliminate the need for typical Ethernet networking hardware when connecting PLC to PLC, and when connecting PLCs to smart field devices simplifies connectivity, nearly eliminates setup and maintenance and drastically improves network robustness.
There’s currently no dictionary definition of a smart building, though we seem to be moving towards a shared understanding that for a building to be considered ‘smart’, it should use technology to deliver useful, consistent, user focused experiences as well as space and energy efficiencies. We can contrast this with ‘connected’ and ‘intelligent’ buildings,
Enterprises in the Nordic countries see the rollout of 5G mobile services, with their faster networking speeds, as a catalyst for the broader adoption of Internet of Things (IoT) solutions according to a new report published today by Information Services Group (ISG).
Establishing a group for Women in BICSI was a dream I nurtured for many years. This dream finally gained traction in 2014 when a core group of women met to establish a format to encourage women in the industry to gather together to share their experiences. Since then we’ve had annual meetings and networking sessions, established a LinkedIn page, developed a page on the BICSI website and sponsored a female candidate to the BICSI Cabling Skills Challenge for the past five years.
Many Internet of Things (IoT) devices like multisensor cameras, digital lighting, HVAC systems and badge scanners now run off Power over Ethernet (PoE). While this makes those devices easier to install, it’s turning the network into a power distribution center. When PoE devices do not work as intended, the cabling contractor is often blamed for it, even though there are many possible causes for this problem. It’s important for cabling contractors to test for PoE load while installing cables to avoid this blame game among themselves, the network team, and the IoT device installers.
IoT is finally entering its rightful place as a fully fledged enterprise technology that is revolutionizing many different industries and business functions. Just Google the terms “IoT” and “revolutionizing” and you’ll pull up a myriad of examples of just how widespread this impact is. Research predicts that global spending on IoT will reach almost $750 billion this year, an uptick of 15 percent from 2018 levels. Another report predicts that by 2025 businesses and consumers will have deployed more than 41 billion IoT connected devices at a growth rate of nearly 30 percent between now and then.
