- The global IoT revolution is projected to skyrocket beyond 20B connected devices by 2020, according to research by Deloitte for NASSCOM, creating a total worldwide market of as much as between $3.9T to $11T by 2025 (Mckinsey Report 2015) of which nearly a quarter will be networked IIoT equipment in factory settings.
- India ranks among the world’s leaders in the aggressive development and implementation of IoT technology, with currently over 120 established vendors, at least 60% of which are startups, controlling a 43% global market share. IoT-connected products within the Indian market are projected to exceed 1.9B units by 2020, with corresponding domestic revenue beyond $9B.
- Low-power wide-area networks (LPWAN), such as Bluetooth, are proving to be the preferred wireless IIoT communication protocol over WiFi or 4G/5G WAN due to general signal reliability and lower overall costs including relatively inexpensive chipsets and lower energy demands in industrial environments. Meanwhile, unit costs of embedded sensors continue to drop while baseline processing speeds climb.
- Another key driver of the IoT revolution is the exponential growth of global data storage, from under two zettabytes (trillion gigabytes, or ZB) of total stored data before 2013 to 16ZB by 2016, growing to 40ZB by 2020 to a colossal 163ZB by 2025, according to projections in a 2017 Seagate white paper. Over half of the total worldwide data storage will be hosted in the cloud.
Syrma’s CEO Presents at Indo-American Chamber of Commerce
San Jose, California, USA – September 20, 2018: Syrma SGS Technology, a leader in electronic design and manufacturing services serving global OEMs, A popular speaker at Indian electronics industry events, presents at the Indo-American Chamber of Commerce’s Seminar on Industry 4.0, which took place June 20 in Chennai. Syrma’s CEO, Sreeram Srinivasan, was invited to join the presenter’s schedule to discuss his presentation on the same topic at last year’s ELCINA CEO Summit in Bangalore. Industry 4.0 represents a quantum leap in factory manufacturing innovations, the convergence of precision robotics, embedded sensors, and advanced machine-learning algorithms, as well as other leading-edge advancements to form the Industrial Internet of Things (IIoT) ultimately. In his latest presentation, Sreeram discussed the explosive proliferation of IIoT toward an eventual fully autonomous factory floor, driven by artificial intelligence and cost-effective acquisition, transmission, and storage of data to deliver streamlined, efficient manufacturing processes with dramatically improved outputs. Among the key points Sreeram highlighted in his presentation: