By Demetrios Karathanasis: Transform your business with IoT expertise

Since the turn of the century, the Internet of Things (IoT) has enjoyed a sustained period of rapid growth – giving rise to many burgeoning sub-categories, chief among them industrial IoT (IIoT). IIoT is not a new concept, but it is still on the rise – with the market projected to reach $106 billion by 2026, up from $76.7 billion in 2021.

Nonetheless, relatively few manufacturers of connected products have made the leap to extend IIoT principles to the products they place at customer locations. In a recent survey that Lexmark conducted with IDC, only 15% of respondents offer predictive service on the devices they sell. And a whopping 71% are “not sure” about offering their products as-a-Service.


Click Here to Read the Rest


SOURCE Lexmark