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Industrial IOT Platform Market 2018 Global Key Players: Microsoft, PTC, International Business Machines, General Electric Corporation, Siemens, Hitachi Insight

04-10-2018 09:39 AM CET | IT, New Media & Software

Press release from: Market Research Future (MRFR)

Industrial IOT Platform Market 2018 Global Key Players:

Market Highlights:

Industrial IoT platform is a division of IoT which is used in industrial application area’s and allows the organizations to get real time insights about the machines, their health and their efficiency. As IOT is growing, their applications areas are increasing at much faster pace. IoT in manufacturing industries will help to gain the optimum utilization of resources without making any extra efforts. Connected devices and machineries will be transmitting real-time data to server which will be very helpful in their smart management. Factors such as high efficiency, low breakdown of machineries and high efficiency are some of the major factor which are directly associated with the industrial IoT whereas government rules regarding the use of automation in the industrial process, technological advancement, increasing demand for industrial process are also some of the indirect factors which is helping into the market growth.

Industrial IoT market has seen tremendous opportunities in future, high demand and low supply, growing IT and Semiconductor industry, high demand for consumer electronics devices will lead to the high adoption of industrial IoT to meet demand. Whereas factors such as price and need of technical knowledge will likely to hamper the market growth during forecast period.

The Global Industrial IoT Platform Market is expected to grow at USD ~650 million by the end of 2022 with ~23% of CAGR.

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Key Players:

The prominent players identified in the market of Industrial IoT Platform are - Microsoft Inc. (U.S.), NEC Corporation (Japan), PTC (U.S.), International Business Machines Corporation (U.S.), General Electric Corporation (U.S.), Fujitsu (Japan), Siemens AG (Germany), SAP SE (Germany), Hitachi Insight Group (U.S.), Huawei Technologies Co. Ltd. (China) among others.

Industry/ Innovation/ Related News:

October 18, 2017 – General Electric Co. and Apple Inc. announced a partnership, aimed at bringing GE's industrial Internet of Things (IoT) platform Predix to Apple's iPhones and iPads. The partnership will provide developers a new software development kit to make industrial IoT apps for Apple's operating system iOS. As part of the partnership, GE will standardize on iPhone and iPad for mobile devices, and promote Mac as a choice for its global workforce, while Apple will promote Predix as the industrial IoT analytics platform of choice for its customers and developers.

December, 2017 – Aspen Technology, Inc., the asset optimization software company, announced the acquisition of Cipher Industrial Internet of Things (IIoT) cloud-native software and edge connectivity assets of RtTech Software Inc. of New Brunswick, Canada. The acquisition would strengthen AspenTech’s asset optimization strategy by providing sophisticated cloud and edge processing technology that captures and aggregates critical data from assets throughout the plant and across the enterprise.
December, 2017 - Ooredoo Tunisia and Sagemcom have just launched the first Tunisian Internet of Things (IoT) network, based on LoRa™ technology. The network enables devices to exchange small amounts of data, with a standard battery providing independent battery life of up to 10 years. This IoT network will also facilitate the development of solutions in various areas: smart city, smart industry, smart environment and other uses in health, transport, agriculture, etc.

The Global Industrial IoT Platform Market is expected to grow at USD ~650 million by the end of 2022 with ~23% of CAGR.

Regional Analysis:
Asia-Pacific is expected to dominate the global market of Industrial IoT Platform. High population and high consumption of electronic devices in Asian countries is supporting the market share. China is one of the biggest manufacturing driven economy. Rich consumer electronic industry and high supply is leading to high adoption of industrial IoT platform whereas rich automotive industry in South Korea and Japan is also supporting the market growth. North America stands as second biggest market of industrial IoT platform due to the heavy investment in technology startups from past several years. North America is one of the developed nation who holds advance technologies which is not available to many other countries. Rich defence sector and manufacturing industry is leading to the high growth of North America Industrial IoT Platform Market.

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Segments:
The Industrial IoT Platform market has been segmented on the basis of-
By Component- Hardware (Sensors, Cameras, Processing Units among others) and Software.
By Application- Asset Management, Remote Monitoring, Network System Management among others.
By Verticals- Manufacturing, Power and Utilities, Aviation, Oil and Gas among others.
By Region- North America, Europe, Asia-Pacific and Rest of the World

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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