Bi-Annual Market Analysis Series for Industrial AR and IoT Finds
Sharp Increase in 2019 Industrial Augmented Reality Adoption
BOSTON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/ARplatform?src=hash” target=”_blank”gt;#ARplatformlt;/agt;–PTC
(NASDAQ: PTC) today announced the release of its 2019 “State of
Industrial Innovation” report series. The series provides an ongoing
review and analysis of the industrial
augmented reality (AR) and industrial
internet of things (IIoT) markets.
Among the findings included in the latest “State
of Industrial Augmented Reality” report: AR adoption has become
focused on delivering enhanced methods of instruction, guidance, and
training for front-line workers, enabling the workforce optimization
necessary to address the growing skilled labor shortage the industrial
sector faces. According to the “State
of the Industrial Internet of Things” report: IIoT is poised to have
a breakout year in 2019 as companies seek to improve operational
effectiveness, reduce costs, and decrease risk inherent in the modern
competitive landscape. Both reports explore the breadth of the
increasingly multifaceted opportunities presented by these markets.
“Organizations in industrial settings realize the urgency in improving
productivity and streamlining operations to remain competitive and
relevant,” said Jim Heppelmann, president and CEO, PTC. “The insights
offered in these reports validate that the adoption of industrial AR and
IIoT is an important step toward achieving these goals.”
Highlights from the Report Findings:
The State of Industrial Augmented Reality
Industrial enterprises are the highest adopters of augmented reality,
comprising nearly 60% of the survey responses, with efforts focused on
improving worker performance and solving the skilled labor shortage
faced by companies worldwide.
55% of use cases aimed at improving worker productivity focus on
delivering instructions and guidance primarily within manufacturing,
service, and training environments.
Successful pilots are being moved to production within 12 months at a
20% higher rate, year-over-year, allowing early-movers to capitalize
on the competitive advantage.
The State of the Industrial Internet of Things
IoT is becoming commonplace in heavy-industrial environments, with
applications expanding across discrete manufacturing in industrial
factories representing over 70% of the survey responses.
Comprehensive, pre-built IIoT solutions are driving more established
use cases, such as operational intelligence (31% of total use cases),
as well as emerging use cases, such as predictive maintenance (12%)
across manufacturing, operations, and service functions.
Data processing at the device or “edge-layer” (present in 68% of use
cases) is a critical capability for solution providers and there are
increasing requirements for the same capabilities at the IoT Gateway
(37%) and Cloud (34%) layers.
Industrial enterprises facing global pressures are seeing the need to
quickly deploy IIoT to improve operational effectiveness. 89% of
respondents to the 2018 IIoT survey are planning to move to production
in the next year, up 6% from 2017.
Leveraging PTC’s 30+ years of technology experience and incorporating
data from a cross-section of over 30,000 PTC global customers and 1,000
PTC technology and service partners, PTC’s “State of Industrial
Innovation” report series provides a comprehensive view of actionable
insights and trends across the industrial ecosystem. To learn more about
how industrial AR and IIoT can improve workforce optimization and
operational effectiveness, download the “State
of Industrial Augmented Reality” and the “State
of the Industrial Internet of Things” 2019 reports.
of Industrial Augmented Reality 2019 Report Highlights Use Cases in
of Industrial Internet of Things 2019 Report Identifies Key Use Cases
Driving Operational Effectiveness
Harvard Business Review: “Why
Every Organization Needs an AR Strategy,” authored by PTC CEO Jim
Heppelmann and Harvard Professor Michael Porter
About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation
with award-winning, market-proven solutions that enable companies to
differentiate their products and services, improve operational
excellence, and increase workforce productivity. With PTC, and its
partner ecosystem, manufacturers can capitalize on the promise of
today’s new technology to drive digital transformation.
PTC, the State of Industrial Innovation series, and the PTC logo are
trademarks or registered trademarks of PTC Inc. and/or its subsidiaries
in the United States and other countries.