Oil industry’s loss is IIoT’s gain in Canada
By Daniel Butler
Sun, 5 Oct 2025

- Canada’s thriving industrial Internet of Things (IIoT) market is set to exceed USD$4.9 billion by the year 2018
- The recent slump in energy prices and oil demand presented a challenge for IIoT innovation driven by natural resources investment
- Canada’s transition from natural resources towards alternative areas of innovation has accelerated investment
- Strategic exits are now dominating activity among burgeoning IIoT companies
Related Articles
Wed, 14 Jun 2017
Karveh Cavalieri
Sun, 5 Oct 2025
Henry Smith
Sun, 5 Oct 2025
Javier Pozo
Oil industry’s loss is IIoT’s gain in Canada
By Daniel Butler
Sun, 5 Oct 2025

- Canada’s thriving industrial Internet of Things (IIoT) market is set to exceed USD$4.9 billion by the year 2018
- The recent slump in energy prices and oil demand presented a challenge for IIoT innovation driven by natural resources investment
- Canada’s transition from natural resources towards alternative areas of innovation has accelerated investment
- Strategic exits are now dominating activity among burgeoning IIoT companies
Related Articles
Sun, 5 Oct 2025
Vivek Varyani
Fri, 25 May 2018
Alfred Gilbert
Wed, 19 Jul 2017
Dan Butler