Make this your homepage
Business News
Home > Business News
Industrial IoT spend in discrete manufacturing to hit $89 bn in Asia-Pacific
Industrial IoT spend in discrete manufacturing to hit $89 bn in Asia-Pacific

New Delhi, Aug 14 (TIWN) The industrial Internet of Things (IIoT) spending in the discrete manufacturing sector in Asia-Pacific is likely to reach $89 billion by 2025, according to a new report.

Discrete manufacturing is the production of distinct items like automobiles, furniture, toys, smartphones and aeroplanes, among others.  According to an IDC report, manufacturing is the most common target of infrastructure cybercrime today, accounting for one-third of all assaults.  Additionally, the level of competitiveness is rising and so do the expectations of the client which demands improved personalisation, rapid information, and better assistance before making a purchase.  "Most traditional manufacturing plants were not built with cybersecurity in mind. With the advancement of hacking technology, every point of connection increases the danger of cyberattacks and cybercrime, which can result in interference, remote access, intellectual property theft, and data loss or change," said Piyush Singh, senior market analyst for IoT Insights, IDC Asia/Pacific.  Discrete manufacturers all over the world are actively investigating how to leverage the Internet of Things (IoT) to link their supply chains, equipment, and products better.

Add your Comment
Comments (0)

Special Articles

Saumen Sarkar Saumen Sarkar
Anirban Mitra Anirban Mitra