Industrial Internet of Things (IIoT) Market key players are IBM Corporation, ABB Group, Dassault Systme & Cisco Systems, Inc.

The IIoT market holds high potential for the semiconductor industry. The current business scenario is witnessing an increase in the demand for IIoT, particularly in the developing regions. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative offerings.

Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period (2017-2023) due to innovation in advanced manufacturing technologies such as predictive maintenance, asset performance management, and real time asset monitoring. However, Asia-Pacific is expected to grow at a higher growth rate, due to lucrative opportunities offered by countries such as China, India, Singapore, South Korea, and Japan. Further, government initiatives such as Make in India and Smart Cities Mission enable manufacturers to adopt IoT technologies to improve shop floor operational efficiency, improve quality, and reduce asset downtime in Asia-Pacific.

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Some of the significant players that operate in the market and are profiled in the report include Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., ABB, Texas Instruments Inc., Dassault Systèmes, Honeywell International Inc., Huawei Technology Co., Ltd., and International Business Machines Corporation (IBM).

Industrial Internet of Things (IIoT) Market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023. Advancement in technologies has helped key players, such as to offer enhanced IIoT offerings to their end users. Integration of smart sensors into industrial machines encouraged the manufacturers to reduce the operational cost by 50% and is expected to decrease further during the forecast period.

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Key Benefits for Stakeholders

This study comprises analytical depiction of the Industrial IoT market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the IIoT industry.

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Industrial Internet of Things (IIoT) Market By Region
North America
Europe
Asia-Pacific
LAMEA

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