Industrial IoT is an important growth market. To leverage this potential for Germany as a business location, a fast, reliable Internet is needed. eco – Association of the Internet Industry, therefore, demands that part of the €500 billion special fund for German infrastructure, established by the new German federal government, must be used to expand the gigabit infrastructure.
‘Industry 4.0 technology has enormous economic potential,’ says Giovanni Coppa, Leader of the eco IoT Competence Group. ’Companies can only realise this potential if they can rely on correspondingly low latency. The expansion of gigabit networks must therefore not be neglected.’
Alternative: IoT market on growth path
According to an analysis by Grand View Research, the German market for the Industrial Internet of Things (IIoT) is expected to grow to around 122 billion Euro by 2030, which corresponds to a CAGR of 21.7%. For 2025 alone, the sales volume of the German IoT market is forecast to reach 50 billion Euro – boosted by the use of artificial intelligence (AI), machine learning (ML) and 5G.
From smart city concepts and connected cars to intelligent logistics with mobile tracking of goods or vehicles and remote patient monitoring – it is estimated that there could be around 40 billion IoT devices in use worldwide by 2030. More bandwidth and thus low latencies would promote many IoT applications and thus further develop different areas of society. The additional government investment could better achieve the goal of the gigabit strategy (a concept of the German government) – to guarantee the nationwide expansion of fibre-optic networks and the latest mobile communications standard by 2030.
Germany as an industrial location needs IIoT
Real-time insights into production machines, predictive maintenance, fewer breakdowns, uncovering potential savings: smart factories and companies that use the Industrial Internet of Things (IIoT) can only reap the benefits of connected IIoT devices if the machines and systems can transfer their data with the lowest possible latency. In addition, the software used must be able to process the hardware data effectively to provide real-time insights. The location of the processing is crucial here: the combination of edge and cloud infrastructure enables secure and latency-free transmission. In addition, the use of artificial intelligence will determine the quality of data-based decisions for more efficient and sustainable manufacturing in the future.
Internet of Things Competence Group at eco: Join now and help shape the future of the IoT!
