“Faced with the COVID-19 crisis, industrial leaders have one business imperative: maintaining their operations. IIoT, implemented in a plug-and-play mode, can be instrumental in ensuring business continuity and minimizing economic damage by ensuring employee safety and security, improving liquidity, and lowering short-term costs.”
Coronavirus: Industrial IoT in challenging times
According to IoT Analytics’ latest “State of the IoT & Short-term outlook” update, the number of connected devices that are in use worldwide now exceeds 17 billion, with the number of IoT devices at 7 billion (that number does not include smartphones, tablets, laptops or fixed line phones).
IoT Analytics, a leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0, today published a comprehensive Market Report, focusing on sizing the quickly developing market for Connected Streetlights during the period 2018 to 2023. It is estimated that there will be 41 million IoT connected Streetlights installed globally by 2023. The overall streetlights market will surpass US$3.6B in 2023, growing at a compound annual growth rate of 21% from 2018. Deployment of connected streetlights is gaining traction globally as the technology is one of the key pillars for Smart City initiatives. The growth is fueled by government policies and increasing awareness on the benefits of connected Streetlights which go beyond energy savings.