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TMCNet:  Mobile Apps Transform Factory Environment, Creating New Business Models and Growth Opportunities

[March 09, 2017]

Mobile Apps Transform Factory Environment, Creating New Business Models and Growth Opportunities

LONDON, March 9, 2017 /PRNewswire/ --�With groundbreaking innovation in network infrastructure, adoption of Industrial Internet of Things (IIoT) and continuous technological advancements in handheld devices, the factory environment is set to witness a massive transformation with the advent of Industrial mobile applications (apps). Coupled with IIOT, industrial mobile apps will create new business models and revenue streams aimed at enhancing connectivity, control, convergence and customer satisfaction, plus increase overall plant productivity, responsiveness, supply chain logistics and employee relations.

"Companies such as Cisco and Dassault Syst�mes are offering industrial mobile apps to train field engineers globally via cloud-enabled video technology and do real-time troubleshooting. Rockwell and Honeywell also offer Industrial Ethernet and Wi-Fi-enabled devices to monitor and control plant assets and performance, and provide services to proactively respond to the kinetic needs of the customer," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Sharmila Annaswamy.

Global Industrial Mobility Market, 2016, part of Frost & Sullivan's Industrial Automation & Process Control�Growth Partnership subscription, finds that mobile app development for industrial purpose is expected to fuel the global "app economy" and is set to achieve a double-digit growth rate by 2020. More thn 80 percent of top management executives feel that mobile technologies will play a pivotal role in keeping organizations ahead of global competition.

Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.

Further key trends and developments include:

  • Wearables such as smart watches, goggles, and headsets continue to accessorize the industrial handheld industry with gesture control and intelligent intimation techniques to enable safe, hands-free operations.
  • Government support and strict safety regulations boost the industrial handheld market in developed economies such as the U.S.A., Europe, and Japan, sustained by a strong and diverse industrial customer base.
  • Innovations in the network layer are expected to address building inherent data security and real-time information availability in switches, routers, and other access devices.
  • While developed economies are witnessing new entrants in cyber security and information storage, emerging economies are expected to step into data analytics and visualization tools to harness the IoT invasion.
  • Industrial penetration has been promising in the U.S.A., Japan, and China; however, developing economies such as India, Indonesia, Mexico and Argentina are catching up.
  • Hybrid industries are expected to experience the best of both industrial (process and discrete applications) worlds and will probably benefit the most due to IT-OT convergence.

"Lack of clarity in planning an execution strategy, high investment and low awareness amongst stakeholders at various levels are some of the barriers in deploying mobility across manufacturing," notes Annaswamy. "An umbrella strategy for corporate mobility, bridging business, and manufacturing needs will be indispensable for long-term benefit realization."

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Global Industrial Mobility Market, 2016
MCCB-10

Contact:
Evgenia Oleynikova
Corporate Communications � Europe
P: +48 224816210
E: Evgenia.Oleynikova@frost.com

http://www.frost.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobile-apps-transform-factory-environment-creating-new-business-models-and-growth-opportunities-300421106.html

SOURCE Frost & Sullivan


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