According to Berg Insight, the number of wireless IoT devices deployed in the field of Industrial Automation reached 3 million by 2023. The gradual increase in smart monitoring devices used in industrial automation applications allows cost reduction, and improved safety, as well as enables new business models. This helps to overcome major challenges such as ensuring efficient production processes, managing supply chain logistics, maintaining equipment and infrastructure, and meeting regulatory compliance.
We at 1NCE see evidence that the Industry and Manufacturing area is taking more and more advantage of wireless IoT technologies. 12% of our customers run Industrial Automation use cases, such supply & cold chain monitoring, predictive maintenance, remote diagnostics, building automation, and more. The sample of our customer base indicates a rapid adoption of IoT across US, Italy, UK, Spain, China, Germany, Netherlands, South Korea, and more.