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#News(General) [ via IoTForIndiaGroup ]
Process Industry
BCC Research estimates that the global market for the Internet of Things in process manufacturing will be worth $2.7 billion in 2022, reaching a CAGR of 28.7%. The largest segment that will experience growth during this period will be software, which has increased from $3.7 billion in 2017 to a forecasted $14.4 billion in 2022.Drivers that are moving numerous IoT companies forward involve new networking technologies, cloud computing, big data, analytics and security. However, there are a fair amount of challenges that still face the industry, as manufacturing is a specialized market with high demands and significant competitive pressures. Moreover, new interfaces and integration can cause issues for those who want to dominate the field.
Internet of Things (IoT) Sensors in Healthcare: Global Markets and Technologies
Senior Editor and report author Michael Sullivan recently explored the applications and growth of IoT sensors within the healthcare industry, which includes IoT sensors as electronic components, modules or subsystems that detect events or changes in medical environments and applications. These devices can assist in patient monitoring, therapy administration, diagnostics and treatment.Sullivan predicts that the global market will be worth $1.9 billion in 2022, reaching a CAGR of 12.7%, and notes that nearly 50% of IoT sensor commerce is dominated by remote monitoring, home care and wearables.
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