The Internet of Things (IoT) plays a crucial role in optimizing operational efficiencies in the industrial market. According to Statistia, the global market for the Industrial Internet of Things (IIoT) field is estimated to reach $1.11 trillion dollars by 2028. The digitalization of all equipment and legacy processes are just around the corner. The Fourth Industrial Revolution, often referred to as Industry 4.0, will be led by millions of sensors and devices that ultimately create safer, more efficient, and profitable smart factories.
So, what kind of role does cellular connectivity play in IIoT?
Essentially, cellular IoT allows devices to connect to public or private networks in order to transmit data. Network sunsets are approaching, with 2G and 3G systems closing and a migration to 4G and 5G more common.
According to a Mobile Britain report, there has been a 385 percent increase in 5G customer usage over 3G from 2020 to now. So, while the collective switch from 3G to 5G might take a few years, we are seeing the rollout of the latest connectivity progressing.
Cellular connectivity allows for greater reliability, improved security, and overall future-proof connectivity with higher bandwidths and speeds at a lower cost. Additionally, there is less IT infrastructure with cellular connectivity resulting in a reduced need for IT support.
Cellular IoT enhances productivity and equipment performance for IIoT. 82 percent of surveyed manufacturing companies found increased efficiency, and 49 percent experienced fewer product defects by utilizing cellular connectivity. Switching to cellular services can result in the following benefits:
KORE offers easy, bundled IIoT solutions that can help your business optimize its operations. We help you improve efficiency, while keeping costs low.
To learn more about how emerging technologies for IIoT, such as edge and AI, and impact for the growing market, join KORE at the upcoming webinar, “IoT in Industries: Digital Symposium” on June 15th at 11:00 a.m. EDT. We will be exploring case studies, leading innovations, and future trends for Industry 4.0! Register today.
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