Foodborne illness is the global threat to the world. Associations and government bodies have put up strict guidelines to follow in the processing line. Therefore, manufacturers are bound to use hygienic food processing equipment to meet the regulations.
Over the years, the enterprise resource planning (ERP) solutions have proved to be a crucial tool that can help transform any business by boosting its productivity and operational efficiency, and eventually improving its bottom-line.
The report examines the technology by software, hardware and networking elements, all of which comprise the IoT system. Software is forecast as the fastest growing market (31.0% CAGR) over the next five years; although hardware currently has the largest installed base.