Europe has taken an early lead when it comes to implementing Industrial Internet of Things (IIoT) or Industrie 4.0 as the Germans prefer to call it, with companies having invested in IoT technologies at higher levels than their US counterparts. The latest update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC) forecasts total spending on IoT solutions in Europe to increase by 19.8% year on year to reach $171 billion in 2019. Of this, the share of discrete manufacturing is $20 billion, which can be attributed to IIoT.
