Although industrial manufacturers are lagging somewhat in their adoption of cloud-based services and connecting their legacy systems to digital networks, the vision for a vast Internet of Things (IoT) market is starting to take shape, according to ABI Research.
Industrial manufacturing applications will generate more than $138 million this year from cellular and satellite connectivity fees, ABI predicts. The Industrial IoT (IIoT) market will add more than 13 million new wireline and wireless connections worldwide in 2017 to an installed base exceeding 53 million connections.
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