Software, 5G, LPWAN Key to Growth of Smart Factories, Says Juniper

Eighty percent of the global industrial IoT market, worth $216 billion, will be attributable to software spending by 2025, emailed Juniper Monday. IIoT connections will rise from 17.7 billion this year to 36.8 billion, led by 22 billion smart manufacturing connections, said the research firm. 5G networks will be key to growth, used to transmit large volumes of data in areas with high connection density. 5G and low-power wide-area networks will help enable the smart factory concept, in which real-time data transmission and high connection densities allow autonomous operations for manufacturers, it said.