Infrastructure Investment Drives IoT Growth
The Internet of Things (IoT) will deliver the sensor data, machine communications and automation systems that will power Industry 4.0, which is also known as the Fourth Industrial Revolution. This change will force every industry to rethink how it manufactures, delivers and sells products around the globe.
Manufacturing throughput, machine performance, environmental monitoring, inventory management will all be controlled through millions of connected sensors and smart technologies. This will enable AI to take greater control of operations to drive greater efficiency and reduce operation costs.
New global research from Gartner conducted from June through July of 2020 indicates that 47 percent of businesses plan to increase their investments in IOT. While companies have a limited history with IoT, the respondents cite “a predictable return on investment within a specified timeframe” as the main reason for their focus.
Rather than invest tight budgets in maintenance on industrial assets or process optimization to improve manufacturing yields, Gartner indicates the three year ROI window is much more attractive to a range of global companies. This tracks with other global research on IoT.
In 2018, the global IoT market was valued at $212 billion. According to Verified Market Research, that value will balloon to $1.3 trillion by 2026 with a CAGR of 26 percent. The valuation is based on the growth of connected devices and the investment in network infrastructure to carry WiFi, RFID, NFC, RF, infrared and microwave communications.
The data generated by billions of internet-enabled devices will overload current wireless networks. The buildout and investment in new infrastructure, like antennas, access points and sensors, will be focused on the transmission, flow and reception of data that will be generated in support of IoT.
But the growth in infrastructure does not come without issues for businesses. MP Antenna works with many customers that are frustrated with the performance of the wireless networks that are often associated with their IoT investment. Dead zones, low latency areas and bandwidth performance are the most common complaints.
Often, MP Antenna solves the wireless issues in 4 key areas:
Antenna Pattern: Proper selection increases data throughput and eliminates dead spots
Future Proofing: Multi-polarized antennas handle WiFi, radio and cellular frequencies in one footprint.
MIMO Antennas: Multiple-Input Multiple-Output designs house multiple antennas to boost range and data throughput
Network Durability: High impact, IP-rated radomes protect antennas and the network in any weather condition
Multi-Polarized Reception: Upgraded antennas receive signals regardless of orientation
Whatever technology you are deploying, you need a trusted wireless communications partner. MP Antenna has built its products and reputation on proprietary multi-polarized technology that makes wireless work better for civilian, business and government organizations.
To learn more about the role of antennas in IoT and Industry 4.0, download the Connecting Wireless Communications Guide from MP Antenna.