Download the survey here : http://mindbowser.com/iiot-market-survey-2017/ The study focuses on understanding the current state of ‘Industrial IoT’ — IIoT market and its future outlook. The objective is to understand and forecast industry trends and business sentiments. 350+ individuals participated from wide array of industries including Manufacturing. Agriculture, Industrial Machines and Equipments, Logistics, Aerospace, Chemical/Petrochemical, Oil & Gas, Consumer Goods, Electric Power etc. In-depth data analysis is done with Graphs, Pie-Charts and data tables. We tried our best to derive the most accurate results and crystal clear trends. This research study is conducted by Mindbowser in association with TheIoTMagazine.com.

1. INDUSTRIAL IOT
SURVEY 2017
CURRENT STATE OF
IIOT AND IT'S
FUTURE OUTLOOK
A RESEARCH STUDY BY MINDBOWSER IN ASSOCIATION WITH 'THE IOT MAGAZINE'

2. The study focuses on understanding the current state of 'Industrial IoT (IIoT)' and its future outlook. The
objective is to understand and forecast industry trends and business sentiments.
The survey was conducted over the period of April 2017 - June 2017. Questionnaires and interviews
were major data collection tools.
350+ individuals participated from wide array of industries including Manufacturing. Agriculture,
Industrial Machines and Equipments, Logistics, Aerospace, Chemical/Petrochemical, Oil & Gas,
Consumer Goods, Electric Power etc.
In-depth data analysis is done with Graphs, Pie-Charts and data tables. We tried our best to derive the
most accurate results and crystal clear trends. From our research, it is quite clear that Industrial IoT
market is anticipated to witness a substantial Growth in near future.
This research study is conducted by Mindbowser in association with TheIoTMagazine.com.
Mindbowser is a major IoT solutions provider offering it's services across multiple industries.
'The IoT Magazine' is the most active online community of IoT experts and enthusiasts.
INTRODUCTION TO THE SURVEY

3. SPECIAL MENTIONS
SHAMIK DASGUPTA
IOT LEADER
HONEYWELL
CRAIG ATKINS
GLOBAL ENTERPRISE MOBILITY
GENERAL MOTORS
MAARTEN ECTORS
CHIEF DIGITAL OFFICER - GI
LEGAL & GENERAL
ASHITOSH GHODAKE
RESEARCH ASSOCIATE
MINDBOWSER
TRAVIS YEOMANS
BDM - NATIONAL ACCOUNTS
NATIONALEASE
STEFFEN VON BUENAU
PRODUCT-MARKET STRATEGIST
KONTAKT.IO

4. PARTICIPANT
PROFILE
PARTICIPATING
ORGANISATIONS
Industries :
Aerospace
Chemical / Petrochemical -
Electric Power / Electrical
Consumer Electronics
Consumer Durables
Consumer Goods
Food and Beverage
Industrial Machines and
Equipments
Mining & Metals
Medical Equipment / Pharma
Manufacturing
Oil & Gas
Hardware
Software
Agriculture
Trucking/Transportation
Banking
UNDER $500 MILLION
$500 MILLION - $1 BILLION
$1 BILLION - $5 BILLION
OVER $5 BILLION
*Based on revenue (USD)
63%
17%
13%
7%

5. 64%
Respondents said they
are either engaged in or
planning an IIoT
project in next 1 year
IS YOUR ORGANISATION
CURRENTLY ENGAGED IN OR
PLANNING AN IIOT PROJECT
IN NEXT 1 YEAR?
36%
Respondents do not
have any plans to
implement IIoT
solutions in next 1 year.
(Among these, 83% still
feel that they need to
increase the efficiency
of their machines)
Yes
64%
YesNo

6. I EXPECT DECISIONS BY MANY COMPANIES TO BEGIN ROLLING
OUT IIOT SOLUTIONS. TO DATE THERE HAS BEEN TOO MUCH
DISCUSSION WITH LITTLE TO NO ACTION.
JIM HIRSCH - VP NA INDUSTRIAL IOT
WIND RIVER, DIVISION OF INTEL IOTG

7. 57 PERCENT
R E S P O N D E N T S T H I N K T H A T I I O T I S V E R Y I M P O R T A N T T O T H E I R
C O M P A N Y ' S F U T U R E S U C C E S S
Not at all
3%
Somewhat
12%
Important
28%
Very Imp
57%
HOW IMPORTANT IS IIOT TO
YOUR COMPANY'S FUTURE
SUCCESS?

8. ARE YOU AMONG THE INDUSTRY LEADERS IN
YOUR IIOT JOURNEY?
66% respondents admitted that they
are yet to become industry leaders in
their IIoT journey.
Yes
26%
Almost There
66%
No
8%

9. MAJOR HURDLES BEHIND IMPLEMENTING
SUCCESSFUL IIOT PROJECTS
TIME MONEY SAFETY
0
14
28
42
56
70
No
Budget
Uncertain
RO
I
Incom
patibility
No
strategy
Privacy
concerns
No
M
gm
t.Vision
Com
plexity
Tim
e
bandw
idth
No
Requirem
ent
other
Lack of budget seems to be the major hurdle for 62% respondents in implementing
IIoT projects followed by uncertainty about ROI (57%) and Incompatibility of
existing system (35%).

10. 62%
COMPANIES SAID THAT
THEY DON'T HAVE
ENOUGH BUDGET TO
IMPLEMENT IIOT
SOLUTIONS

11. SECURITY WILL BE A LARGE COMPONENT OF IIOT. WE ARE
SEEING WHAT KIND OF HAVOC CAN BE UNLEASHED WITH
UNSECURED DEVICES, SO SECURING IIOT DEVICES WILL BE
CRUCIAL.
WILLIAM AJA - VP CUSTOMER OPERATIONS
PANACEA TECHNOLOGIES INC.

12. MOTIVATION FACTORS
BEHIND BUILDING IIOT SOLUTIONS
57%
GAIN COMPETITIVE
ADVANTAGE
36% 13% 11% 6%
GROWTH AGILITY COMPLIANCE REDUCED
COSTS

13. SATISFACTION LEVEL WITH CURRENT
IIOT SOLUTIONS
0
10
20
30
40
50
Satisfied Very Satisfied No clear results Neutral Dissatisfied VeryDissatisfied
19% respondents seem to be very satisfied with their current IIoT solutions while
9% are fairly dissatisfied. Almost 17% people said they don't see any clear results as
of now. While 42% respondents are happy with existing IIoT solutions.

14. C O N N E C T I V I T Y B E T W E E N
P R O D U C T S / M A C H I N E S4 2 %
S K I L L E D H U M A N R E S O U R C E
2 7 %
I T ’ S T O O E A R L Y T O
I D E N T I F Y G A P S8 %
C O N T R I B U T I O N T O R E V E N U E
G E N E R A T I O N7 1 %
1 4 %
M O R E A T T R A C T I V E A N D
F U N T O U S E S O L U T I O N S3 7 % T E C H N O L O G Y U P G R A D E
AREAS OF IMPROVEMENT IN CURRENT
IIOT SOLUTIONS
Majority of respondents (71%) believe that IIoT solutions need better alignment with
revenue generation. Also, 42% people said they need better internal connectivity between
their machines. Almost 37% companies admitted that their system needs a technology
upgrade. Human resource training is lacking in 27% of the cases.

15. WHICH BUSINESS AREA(S) ARE YOU BUILDING YOUR
IIOT SOLUTION FOR?
TIME MONEY SAFETY
0
15
30
45
60
O
perations
Engineering
M
aintenance
Logistics
Facility
M
gm
t.
IT
PeopleM
onitoring
Training
Operations(57%), Engineering(43%) and Maintenance(41%) came out to be the top areas
to build IIoT solutions for, followed by Logistics(38%), Facility Management(29%) and
other domains such as IT, People Monitoring and Training.

16. TECHNOLOGIES USED TO BUILD
IIOT SOLUTIONS
Wireless sensors seem to rule the Industrial IoT world with 64% respondents saying they
have used smart sensors for their IIoT solutions followed by M2M technologies (57%),
Machine Learning (44%), Cloud Computing (43%), BLE (28%) and other technologies.
0%
14%
28%
42%
56%
70%
W
ireless
Sensors
M
2M
M
achine
Learning
C
loud
C
om
puting
BLE
R
obotics
W
earables
AR
/VR
Sm
artBuilding

17. Wireless
Sensors
M2M
Cloud
Computing
Machine
Learning
Bluetooth Low
Energy (BLE)
MOST
POPULAR IIOT
TECHNOLOGIES

18. I SEE DATA AND ANALYTICS, EDGE COMPUTING, MACHINE
LEARNING, DEEP LEARNING AND OTHER IIOT PLATFORMS
AS EMERGING IIOT TRENDS FOR NEXT 5 YEARS
SHAMIK DASGUPTA - IIOT PLATFORMS LEADER
HONEYWELL

19. INDUSTRIES THAT
ARE BENEFITING
THE MOST FROM IIOT
SOLUTIONS..
Automotive
Oil & Gas
Petrochemical
Logistics
Mining & Metals
Aerospace
Pharma
Manufacturing
Sensors
67%
58%
57%
51%
48%
46%
43%
42%
34% Hardware

20. Consumer Electronics
Consumer Durables
Consumer Goods
Electric Power
Food and Beverage
Software
Field Service
Industrial Machines31%
29%
27%
22%
20%
18%
14%
7%
INDUSTRIES THAT
ARE BENEFITING
THE MOST FROM IIOT
SOLUTIONS ?

21. FUTURE INDUSTRIES WILL BE ABLE TO LEVERAGE TOMORROW’S
TECHNOLOGIES FAR FASTER THAN ANYTHING TODAY. IT IS A
GREAT POSSIBILITY THAT ENTIRELY NEW INDUSTRIES WILL BE
LAUNCHED IN NEAR FUTURE. WHICH MIGHT INCLUDE ASTEROID
MINING,CRYPTOCURRENCY, INSTANT LEARNING, CURE FOR
HUMAN AGING, HUMAN CLONING OR 3D PRINTED BODIES,
ARTIFICIAL INTELLIGENCE ETC.
THOMAS FREY- FUTURIST SPEAKER, FOUNDER AND EXECUTIVE DIRECTOR
DAVINCI INSTITUTE

22. 80%
IIoT Solution providers are
focused on increasing their
market share
74%
respondents said they are
working on creating New
services based on smart
connected products
67%
IIoT solution providers are
focused on building a quality
industry network
CURRENT FOCUS OF IIOT SOLUTION PROVIDERS

23. TYPICAL SIZE OF IIOT
PROJECTS
upto $50K
17%
$50K-$100K
47%
$100K-$1M
30%
$1M+
6%

24. IN COMING TIMES, BLUETOOTH LOW ENERGY WILL EXPAND INTO
SENSORS, LOCATION WILL BE USED AS A KEY DATA POINT AND
WE WILL WITNESS MORE EFFECTIVE PARTNERSHIPS BETWEEN
DIFFERENT PLAYERS (INTEGRATORS, TECHNOLOGY PROVIDERS,
SOLUTION PROVIDERS)
STEFFEN VON BUENAU - PRODUCT-MARKET STRATEGIST
KONTAKT.IO

25. SUMMARY
THE NEED
WHAT DOES ALL THIS MEAN ?
Companies that move fast to tackle
the necessary transformation today
will position themselves as future
leaders in their markets. And IIoT is
at the core of this transformation.
THE CATALYST
Rise of Smart Sensors, Robotics &
Automation, Augmented/Virtual
reality, Big Data Analytics etc. along
with favorable government policies
are major drivers for IIoT.
THE RESTRAINT
Poor budget allocation, privacy
concerns, incompatibility of existing
systems along with technology
illiteracy are anticipated to restrain
the growth of IIoT.

26. BIG
Thanks
To..

27. BIG
Thanks
To..
Jim Hirsch - VP NA Industrial IoT, Wind
River, Division of Intel IoTG
Shamik Dasgupta - IIoT Platforms
Leader, Honeywell
Steffen von Buenau - Product-Market
Strategist, Kontakt.io
Aaron Salow - CEO, XOEye Technologies
Andy Lowery - CEO, RealWear
William Aja - VP Customer
Operations, Panacea Technologies Inc.
Michael W. Wellman - CEO, Virgil
Security, Inc.

28. BIG
Thanks
To..
Morgan Abraham - CEO, UGo Smoothies
Jaime Athos - President & CEO, Tofurky
Gary Nija - CEO, Green and Grow
Pete Hinzy - VP, Prater Industries
Michael Pereira - Partner, Resogen
Robert Vogt - CTO, Voyomotive
Craig A. Atkins - Chief Architect, General
Motors
Alfredo Cartagena - Sr. Manager
Infrastructure, Karma Automotive Inc
Travis Yeomans - BDM, NationaLease

29. BIG
Thanks
To..
Jennifer Mackey - Sr Director Logsitics
Services, Odyssey
Jeremy Cowperwaite - Fluidic energy
Maarten Ectors - Chief Digital Officer - GI,
Legal & General
Shane Saunderson - Vice President,
IC/things, Idea Couture Inc.
Erik Walenza - CEO, IoT ONE
Merwan benhabib - VP Engg., Ondavia,
Inc

30. DISCLAIMER
COPYRIGHT © 2017 MINDBOWER INFO SOLUTIONS & 'THE IOT MAGAZINE'
FEEL FREE TO USE THE DATA FROM THIS STUDY WHEREVER YOU FIND IT
SUITABLE. JUST PROVIDE REFERENCE TO THE ORIGINAL REPORT WHERE
THE CREDIT IS DUE.