Mind Commerce releases Comprehensive Urban ICT Market Research
Significant technology development driven by and for Smart Cities includes 5G, Industrial IoT, and Big Data Analytics for Manufacturing Industry
Atlanta, Georgia (PRUnderground) December 22nd, 2015
Smart City initiatives are providing a focal point for growth in several key ICT areas including: M2M/IoT, Connected Devices, Broadband Wireless, Cloud Computing, Big Data and Analytics. Mind Commerce research evaluates the market drivers, required technologies and beneficiaries of anticipated ICT growth supporting Smart City evolution.
In its research offering, Urban ICT: Smart Cities, 5G, Industrial IoT, and Big Data in Manufacturing Market Analysis and Forecasts 2015 – 2020, Mind Commerce provides insights, analysis, and forecasts for 2015 to 2020 for 5G, Smart Cities, Industrial IoT (IIoT), and Big Data in Manufacturing.
The fastest growing IoT industry segment is Healthcare with a CAGR of 15.1% from 2015 through 2020. Close behind at CAGR of 14.1% during the same period and the largest overall revenue opportunity is the Manufacturing vertical at $498 billion by 2020.
The manufacturing industry is rapidly transforming from just-in-time build to just-in-time data to determine production needs in real-time
The so-called fourth industry revolution is taking industrial automation to the next level wherein conventional stage-based production will be replaced by intelligent, self-organized factories. Smart manufacturing is a concept wherein machines, applications, products, and systems communicate with each other to improve production capacity and efficiency.
Mind Commerce sees the following emerging trends:
- The manufacturing industry is rapidly transforming from just-in-time build to just-in-time data to determine production needs in real-time
- Member companies of the Industrial Internet Consortium (IIC) are leading the way in terms of identifying solutions to real-world problems (e.g. not technology looking for a problem)
- The primary and key motivator of 5G is to meet the overall societal and industrial requirement of high quality and high-speed wireless connectivity across the globe beyond 2020
- Certain low-latency dependent applications will realize significantly improved operations due to 5G, causing accelerated economic development in urban areas
About Mind Commerce
Mind Commerce is your trusted source for research and strategic analysis focused on digital technologies and the telecommunications industry. Our reports provide key trends, projections, and in-depth analysis for infrastructure, platforms, devices, applications, services, emerging business models and opportunities.