The Industrial Internet of Things (IIoT) represents an environment where Big Data management solutions, sensors, connectivity, machine communication, and industrial technologies come together. For the industrial equipment market, the application of such technologies across systems, subsystems, and subsystem providers creates a competitive framework for differentiation to enabling companies, investors, and governmental organizations to follow through on business model innovations that accommodate Industrie 4.0 requirements
The IIoT ecosystem was once dominated by proprietary M2M applications with limited interoperability between internal operations and external systems and process. Today, it is starting become more open. The market now includes solutions to help pump manufacturers, as well as end users, augment their existing infrastructure with intelligent, connected solutions for real-time visibility into the status and condition of connected equipment; direct data from disparate systems to a central control unit for management and analysis; and share insight between and across stakeholders. Ultimately, the ability to intelligently monitor and control manufacturing and supply chain processes allows companies to get more value from operational assets while improving the lifespan, cost profile, and maintenance schedule of component systems, and the confluence of connectivity, app development, data management, and cloud storage capabilities makes this possible.
The Industrial Equipment Tracker (IET), now in its second iteration, provides highly segmented data and forecasts through 2023 to support new IIoT business models and go-to-market plans for visionaries needing foresight on the most compelling transformative technologies. Data for the Industrial Equipment Tracker includes an end-to-end view of shipments and revenues for Intelligent Pumps, Intelligent Generators, Intelligent Tank Systems, and Intelligent Battery Systems.