Industrial Internet of Things (IIoT) and the Future of Manufacturing, Forecast to 2021 - IIoT Architecture Standardization to Create a $90 Billion Opportunity by 2021

Industrial Internet of Things (IIoT) and the Future of Manufacturing, Forecast to 2021 - IIoT Architecture Standardization to Create a $90 Billion Opportunity by 2021

PR Newswire

DUBLIN, Jan. 11, 2018

DUBLIN, Jan. 11, 2018 /PRNewswire/ --

The "Industrial Internet of Things (IIoT) and the Future of Manufacturing, Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

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Industrial Internet of Things (IIoT) can be leveraged to transform the production aspect and future potential of the automotive manufacturing business. While evolving technologies play a key role in fostering the automotive business, it becomes crucial for automotive manufacturers to stay connected in order to amalgamate different technologies like machine learning, Big Data, sensor data, machine-to-machine communication, and automation. This will make the best use of IIoT, which would in turn result in gaining a competitive edge and open new revenue streams for the auto makers in the market.

Primary factors, like boosting operational efficiency, increasing productivity, and reducing the complexity of process in the industry plays a vital role in the adoption of IIoT by auto makers. Industrial Internet strives to create a connected enterprise by combining the information and operation department of the production facility. Cognitive systems and real-time analysis can interpret data from systems and components to valuable insights, with which automotive manufacturers can use it to improve the reliability of their output. This not only ensures quality but also improves overall efficiency while supporting manufacturers in introducing new value-added services to customers.

Automotive manufacturers are implementing IoT concepts to create automated and seamless transactions in their production process by deploying sensors, initiate communication with multiple devices, and implant advanced analytics solutions to derive actionable insights. Auto makers need to take multi pronged approach to create relevant business model that embraces IoT-enabled capabilities. Apart from this, maintaining and updating complex systems from in-house/remote locations, possible cyber attacks over the connected networks, adhering to standards of local networks for bandwidth and latency, maintaining process integrity and IP protection, and making immediate investments in evolving technologies are possible challenges to IIoT adoption in a manufacturing facility. However, continuous monitoring of transformation needs would help the auto maker develop a proactive approach to overcoming these challenges.

Key Topics Covered:

1. EXECUTIVE SUMMARY

2. RESEARCH SCOPE AND METHODOLOGY

3. DEFINITIONS AND SEGMENTATIONS

4. GLOBAL AND NATIONAL IIOT INITIATIVES AND ORGANIZATIONS

5. IIOT REQUIREMENTS AND PREREQUISITES

6. IIOT DESIGN PRINCIPLES AND APPROACHES

7. IIOT PLATFORM AND FUNCTIONAL REQUIREMENTS - ARCHITECTURE

8. M2M/DEVICE COMMUNICATION - EMBEDDED, GATEWAYS SENSING LAYER

9. M2M/DEVICE COMMUNICATION - EMBEDDED, GATEWAYS DEVICE LAYER

10. M2M/DEVICE COMMUNICATION - EMBEDDED, GATEWAYS NETWORK LAYER

11. M2M/DEVICE COMMUNICATION - EMBEDDED, GATEWAYS PLATFORM LAYER

12. CLOUD STORAGE NETWORK, SECURITY, EMBEDDED APPS, WEB SERVICES

13. BIG DATA ANALYTICS IN MANUFACTURING

14. OTHERS - EVOLVING CYBER SECURITY SOLUTIONS IN THE IIOT ECOSYSTEM

15. IIOT ECOSYSTEM AND SOLUTIONS ANALYSIS - ECOSYSTEM AND KEY PARTICIPANTS

16. COMPARATIVE ANALYSIS/BENCHMARKING OF KEY IIOT SOLUTIONS/PLATFORMS - SUITABILITY FOR DISCRETE MANUFACTURING

17. IIOT IMPLEMENTATION CASE STUDIES

18. IIOT BENEFITS ANALYSIS - POTENTIAL ASSESSMENT OF IIOT IN MANUFACTURING BY OPERATIONS

19. POTENTIAL ASSESSMENT OF IIOT IN MANUFACTURING BY PERFORMANCE METRICS

20. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

21. KEY CONCLUSIONS

For more information about this report visit https://www.researchandmarkets.com/research/9vg9t4/industrial?w=5

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