“Industrial IoT to boost revenues by US $154m: Inmarsat study”

Industrial IoT to boost revenues by US $154m: Inmarsat study

Although companies across the global supply chain expect IIoT to boost their annual revenues by 10% within the next five years, over a third of them struggle with connectivity issues to fully deploy Industrial IoT.

The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023, according to a new global study by Inmarsat. The report, which surveyed around 750 businesses with a combined turnover of USD 1.16 trillion from across the globe, stated that companies across the global supply chain expect IIoT to boost their annual revenues by 10% within the next five years. Respondents were drawn from a wide range of industries, including the agriculture, energy, maritime, mining and transport sectors.

Industrial Internet of Things
Inmarsat IoT

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