The industrial IoT (IIoT) market will reach $200 billion by 2021, according to the research by Bain & Company. While the survey found that the adoption of IIoT is slower than originally estimated in 2016, the long-term potential of IIoT remains positive given the progress in sensor technology, 5G connectivity, edge computing and edge analytics. The study suggests the industrial IoT vendors focus on alleviating concerns over integration issues and helping their customers overcome the barriers to adoption to achieve their long-term goals.

Connected Industries 2019, the first conference of its kind in Africa focusing on the economic impact of Industry 4.0 and IIoT on South and Sub-Saharan Africa, will be held from June 4-6, 2019 during the Africa Automation Fair at Ticketpro Dome, Northgate, Johannesburg.