Date: April 15, 2016
LexInnova announces its latest patent landscape report on Industrial IoT technology.
In the upcoming years, IIoT is expected to dramatically ramp up the productivity and efficiency in sectors such as manufacturing, agriculture and transportation; which together form the backbone of the economy of any country. According to latest market forecasts, the IIoT market is expected to grow at a CAGR of 8.03% thus making the market size balloon to an estimated US$ 319.6 billion by 2020. By 2020, there will be over 15 billion industry devices connected to the internet, which would mean massive amounts of data will be gathered that needs to be managed and analysed to draw better conclusions.
This report examines presence of IIoT in all the aforementioned sectors and shows a detailed analysis about their contribution to the Petroleum industry. The report also identifies major players and their recent activities in this domain.
Click Here to Read LexInnova’s Report on Industrial IoT.
LexInnova provides advanced patent analytics, patent litigation consulting and patent monetization solutions to Fortune 500 corporations and leading law firms. Their in-house team of engineers and PhDs partner with leading industry and academic experts to deliver high-quality technical analysis to solve the challenges that arise at the intersection of technology and law.
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