Survey Pegs Industry 4.0 to Become Lead IoT Segment
4 hours ago
Newark, an Avnet Company, has published new research on the Internet of Things (IoT) which reveals the growing role of IoT for industrial automation and control applications essential to the delivery of Industry 4.0. The IoT Survey, which is run annually by Newark, generates new insights on this key market, including opportunities and challenges for engineers working in IoT.
The top three industry segments leading the way in IoT applications are industrial automation and control (25%), home automation (18%) and artificial intelligence (12%). Despite industrial automation and control being deemed a key market for IoT, there is recognition that Industry 4.0 adoption remains slow, primarily due to concerns over security (32%) and lack of business strategy (30%) hindering the adoption and integration of smart manufacturing solutions. Security continues to be the most important aspect for developers to consider (29%) when developing their design, and it is also their primary concern (36%), followed by connectivity and interoperability.