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Home > News > Valuable News > Institutions forecast a future growth rate of 33.4%

Institutions forecast a future growth rate of 33.4%

ECHEMI 2019-08-06

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July 26, with the rapid development of 5G, AI and edge computing, a wave of accelerating the layout of industrial Internet is set off worldwide. GE, Siemens, ABB and other well-known manufacturing giants have entered the market and launched their respective industrial Internet platforms. According to Research Institute MarketsandMarkets, the global industrial Internet platform market is estimated to reach US$3.27 billion in 2018, and is expected to grow to US$13.82 billion in 2023, with an average compound annual growth rate of 33.4%.

In fact, the industrial Internet platform is an extension of the industrial cloud platform. At present, the application of the platform is still in its infancy. The main application of the platform is simple scenario optimization application of "equipment interconnection + analysis" or "business system interconnection + analysis". As the digital nerve center of the new manufacturing system, the industrial Internet platform plays a key supporting role in the transformation of manufacturing enterprises.

Because the industrial scene is extremely complex and the industry itself is an industry that pays attention to the accumulation of experience, the industry insiders believe that how to realize the applicability and rapid replication of the platform will be the key to the success of the industrial Internet platform in the competition.

Making full use of the existing mature platforms and technologies has become a decisive factor in the future development of industrial Internet. Leading enterprises in the industry have also begun to cooperate. For example, Haier COSMOPlat announced that it will cooperate with CNN service providers and hostels in the frontier areas of industrial Internet, Internet of Things, edge computing and AI. Webhosting's edge computing platform can combine with Haier COSMOPlat to realize the output of universal and standardized capabilities in industrial scenarios of more industries worldwide. In the future, breaking through the bottleneck of industrial Internet development and leading new ideas of industrial Internet innovation and development will also bring greater impetus and experience accumulation for the development of edge computing technology.

Industrial Internet, as a product of the deep integration of new generation information technology and manufacturing industry, can not only provide key support for the digitalization, networking and intelligent upgrading of manufacturing industry and the whole real economy. Wang Xinzhe, chief economist of the Ministry of Industry and Information Technology, pointed out that we should promote the establishment of a common technology system for industrial Internet and focus on breaking through key core technologies. To further promote the integration of 5G and industrial Internet, and constantly expand the application scenario and application depth is the future direction of development. Since this year, favorable policies have been promulgated intensively. In the first half of this year, Hebei, Inner Mongolia, Shenzhen, Guangzhou, Yinchuan and other provinces and cities have introduced policies and measures to support the development of industrial Internet and promote enterprises to go up to the cloud. However, the industrial Internet still faces challenges in technical standards, application promotion, security and other aspects.

Wang Xinzhe believes that in the future, we should organize and implement innovative development projects of industrial Internet, system layout edge computing, artificial intelligence and other cutting-edge technologies. At the same time, we should strengthen the research, development and application of industrial Internet security technology, speed up the completion of shortcomings, improve the supporting capacity of the security industry, and further improve the relevant laws and regulations of network security.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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