The global industrial controls market is expected to reach $163,345.7 million in 2024, from $117,370.3 million in 2017 growing at a CAGR of 5.1% from 2018 to 2024.
Despite lingering fears that“robots” are coming to steal our jobs, automation is infiltrating just about every facet of society,from supermarketstorepetitive software-based jobsand even thecreative industries. And one London-based startup wants to capitalize on this growing trend by bringing an affordable desktop-based industrial robot to market.
The Industrial Internet of Things or IIoT, refers to the billions of industrial devices -- anything from the machines in a factory to the engines inside an aeroplane -- that are filled with sensors, connected to wireless networks, and gathering and sharing data.