Market Update

Industrial IoT Market Primer – September 2022

Madison Park Group actively tracks the broader Engineering, Manufacturing, and Supply Chain Software market and has dedicated significant attention to the Industrial IOT technology landscape. We are particularly interested in the rapid development of several trends:

  • Advancements in high-speed data ingestion and AI, enabling highly accurate assessments of machine performance and reducing unnecessary downtimes
  • Low-code/No-code platforms and ready-to-use APIs simplifying software development processes and helping drive a wider range of IIoT uses cases and implementations
  • Integration of sensors into wearable devices and industrial assets in the manufacturing, healthcare and supply chain sectors, amongst others, creating real-time intelligence and novel asset tracking insights for operational efficiency and improved outcomes

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