Growth in the IoT Market: The Driving Role of Industrial Connectivity

Driving Global Efficiency: The Future of IoT and the Connected Industry Revolution

In the near future, the global landscape of Internet of Things (IoT) connected devices forecasts an impressive total of 30.9 billion integrated devices by 2025. This figure is more than double the number of devices in 2021, which reached 13.8 billion. These statistics, provided by Statista, a leading market and consumer information platform, include a variety of connections, such as connected vehicles, smart home devices, and industrial equipment.

The Contribution of Industrial Connectivity to IoT Market Revenue

According to the same report, the revenue generated by the IoT market, particularly concerning industrial connectivity, is expected to increase by 6.5% in 2023. This growth is expected to continue with projections of 7.5% growth in 2024 and 8.6% in 2025, reaching an impressive margin of 15.5% by 2030. This increase is due to advancements in network technology, which has become faster and more reliable, especially with the comprehensive implementation of 5G, along with a global demand for greater productivity and efficiency, reducing margins of error and failure.

Lucas Gimenes Teixeira, Business Development Engineer at Siemens, one of the world’s leading electronic technology companies, explains that the increasing presence of connected devices across all industrial sectors is a direct reflection of the focus on automation. “The fact is that there are many more assets than before, which makes it essential for them to operate in a harmonious and efficient manner, which is only possible with connectivity,” he says.

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Connectivity: The Conductor of the Industrial Orchestra

However, without connectivity, the industrial landscape could easily turn into chaos. Equipment could operate beyond its capacity, systems could draw excessive energy to function, and failures could go unnoticed due to a lack of information. Industrial connectivity and data integration act as the conductor of an orchestra, keeping everything running efficiently and harmoniously.

In Lucas’s words, “industrial connectivity allows organizations to gain insights into their equipment, better understanding individual and collective performance.” This enables forecasting maintenance schedules, providing predictions on work outcomes, and improving productivity. However, effective deployment of industrial connectivity requires a clear understanding and genuine engagement on the subject.

Data Protection and Analysis in the Age of Connectivity

The data generated by connected devices is sent to an industrial gateway before being encrypted and stored in the cloud, where it can be analyzed to further improve efficiency and productivity. Thanks to connectivity, companies now have access to real-time information as well as historical data, making it easier to avoid downtime for machines and people, integrate information from different pieces of equipment, and predict work outcomes.

In summary, the growth in the IoT market driven by industrial connectivity is reshaping the way companies operate and will become even more important in the coming years. With the forecast of nearly tripling the number of connected devices by 2025 and a substantial increase in market revenue expected, the age of the Connected Industry is definitely an emerging reality.