The Global IIoT Market in Automotive Industry will Grow Impressively at a CAGR of Almost 33.48% by 2021

Albany, NY, 6th June : Recent research and the current scenario as well as future market potential of "Global IIoT Market in Automotive Industry 2017-2021" globally.

The global IIoT market in the automotive industry is a key contributing segment of the global IIoT market. From a top-down perspective, Technavio has analyzed the global IIoT market as a parent market to set the context, in which the global IIoT market in the automotive industry will be analyzed.

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The IIoT characterizes a set-up wherein every object or thing is embedded with a sensor and is efficient in automatically communicating its state with other objects and automated systems inside the environment. Each object represents a node in a virtual network, continuously transmitting a large volume of data about itself and its surroundings.

Technavios analysts forecast the global IIoT market in automotive industry to grow at a CAGR of 33.48% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global IIoT market in automotive industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IIoT.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global IIoT Market in Automotive Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cisco
HCL
IBM
PTC

Other Prominent vendors
Accenture,
Capgemini,
Cognizant,
Hortonworks,
SAP,
Siemens,
Telit

Market driver
Decreasing cost of sensors
For a full, detailed list, view our report

Market challenge
Bottlenecks in adoption and installation challenges
For a full, detailed list, view our report

Market trend
Rise of IoT ecosystem
For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/global-iiot-market-in-automotive-industry-2017-2021-report.html

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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This release was published on openPR.