Industrial Internet of Things Market will be Valued at US$ 700.38 Billion Globally by 2023 | CAGR: 14.36% | Top Key Players – GE, Broadcom, CGI Group, Freescale Semiconductor, GainSpan, PTC, Atmel, Axeda, Oracle

Marketprognosis.com Publish a New Market Research Report On “Global Industrial Internet of Things Market - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Industrial Internet of Things Market:

The Global Industrial Internet of Things (IIoT) Market was valued at USD 312.79 Billion in 2017 and is expected to reach USD 700.38 Billion by 2023, witnessing a CAGR of 14.36% during the forecast period, 2018 to 2023. The scope of the study includes IoT spending by various industries on hardware, software, connectivity, and services.

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Industrial Internet of Things (IIoT) is a digital revolution, which is changing the way we live and work. Many companies have already started exploiting the opportunities it unfolds by extracting maximum value required for a big data approach. It is expected that the number of internet-connected devices will multiply to tens of billions in the near future. One reason for this growth is the combination of IIoT and big data analytics, which promises to further drive operational efficiencies, along with more innovation and, ultimately, new sources of revenue. The market for IIoT is set for tremendous growth in 2018 as more businesses realize its potential uses and the impact it can have on the global economy.

Data-driven companies are already using IoT generated data, feeding them into their existing analytical pipeline and improving operational management and efficiencies, as well as reducing costs. The major challenges in implementing a big data solution primarily dependent on IoT devices are the storage of the colossal amounts of data being produced, running of analytical queries from such huge amount of data stored using highly complex storage technologies, and to perform advanced data analysis involving data mining and machine learning technologies to gain insights.

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Regionally, Asia-Pacific is expected to account for the largest share in the overall Industrial Internet of Things market. The huge market in this region is mainly due to the adoption of IoT across various industries, like manufacturing, healthcare, etc. There is a huge demand for IIoT in countries, like China, Japan, India, and South Korea, where this demand is attributed to the significant growth of the end users. The increased commercialization of the applications related to Internet of Things in these developing countries is booming the market for IIoT. Initiatives from the government sectors are leading to huge encouragement among consumers to adopt this technology. The growing population and disposable incomes of consumers in this region, coupled with urbanization and large-scale industrialization, are factors accelerating the growth of Industrial Internet of Things market in the APAC region.

Major Key Players:

1 General Electric Company

2 ARM Holdings PLC

3 Broadcom Corporation

4 CGI Group Inc.

5 Freescale Semiconductor Inc.

6 GainSpan Corporation

7 PTC Inc.

8 Atmel Corporation

9 Axeda Corporation

10 Oracle Corporation and More……………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Industrial Internet of Things Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Technology Snapshot

6 Global Industrial Internet of Things Segmentation

7 Competitive Landscape

8 Key Vendor Analysis

9 Investment Analysis

10 Future of the IIoT Market

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This release was published on openPR.