What's driving the Industrial IoT (IIoT) Market trends? Rockwell Automation, ABB Ltd., Corning Incorporated, Cisco Systems, Inc., General Electric Company, Siemens AG, IBM Corporation, Microsoft Corporation, ARM Ltd., Intel Corporation, and Kuka AG
According to a new study published by, the global Industrial Internet of Things (IIoT) market is anticipated to reach USD 771.72 billion by 2026. Industries worldwide are looking for new business models to construct a connected enterprise for merging their operational and information departments.
Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1695039?utm_source=openpr.com&utm_medium=Abhijeet
Some of the major players operating in the Industrial IoT include Corning Incorporated, ABB Ltd., Cisco Systems, Inc., General Electric Company, Siemens AG, Rockwell Automation, Inc., IBM Corporation, Microsoft Corporation, ARM Ltd., Intel Corporation, and Kuka AG among others.
This transformation is expected to enhance the overall productivity, operational efficiency, and visibility as well as decrease the complexities of diverse procedures in the industry. The capability of IIoT to decrease costs is the major factor responsible for its high adoption by the industries. Other factors include increased productivity, time-to-market, and process automation. Moreover, decreasing sensors prices has also helped in the reduction of overall costs related to data collection and analytics.
The role of IIoT is becoming more prominent in allowing easy access to machines and devices. The adoption of IIoT is further anticipated to escalate globally attributed to increasing innovative efforts by major players such as GE, Cisco and Huawei, as well as increasing initiatives sponsored by governments.
For instance, the government of Germany is sponsoring a multi-year strategic initiative Industrie 4.0, focused on uniting the major participants from public and private sectors along with academia for the creation of an action plan and a broad vision to implement digital technologies in the countrys industrial sector. Furthermore, Made in China 2025 initiative of the Chinese government is helping the promotion and integration of digital technologies in the industrial sector of China.
The market in the Asia Pacific region is projected to grow at the fastest CAGR owing to considerable adoption of IIoT in the countries such as Japan, Taiwan and China. Manufacturing companies across these countries are recognizing the advantages offered by the implementation of IIoT in their production line. China is the dominating country in the Asia Pacific market due to the presence of several manufacturing companies in the region and high adoption of automation technologies.
Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/1695039?utm_source=openpr.com&utm_medium=Abhijeet
Table of Contents
1. Overview and Scope
2. Executive Summary
3. Industrial IoT Market Insights
4. Industrial IoT Market Size and Forecast by Technology & Solutions
5. Industrial IoT Market Size and Forecast by Service
6. Industrial IoT Market Size and Forecast by End-Use Vertical
7. Industrial IoT Market Size and Forecast by Regions
8. Company Profiles
8.1. ABB Ltd.
8.1.3. Product Benchmarking
8.1.4. Recent Developments
8.2. Cisco Systems, Inc.
8.2.3. Product Benchmarking
8.2.4. Recent Developments
8.3. General Electric Company
8.3.3. Product Benchmarking
8.3.4. Recent Developments
8.4. Intel Corporation
8.4.3. Product Benchmarking
8.4.4. Recent Developments
8.5. IBM Corporation
8.5.3. Product Benchmarking
8.5.4. Recent Developments
8.6. Rockwell Automation, Inc.
8.6.3. Product Benchmarking
8.6.4. Recent Developments
8.7. Microsoft Corporation
8.7.3. Product Benchmarking
8.7.4. Recent Developments
8.8. Siemens AG
8.8.3. Product Benchmarking
8.8.4. Recent Developments
8.9. ARM Ltd.
8.9.3. Product Benchmarking
8.9.4. Recent Developments
8.10. Kuka AG
8.10.3. Product Benchmarking
8.10.4. Recent Developments
Enquiry before Buying: https://www.marketstudyreport.com/enquiry-before-buying/1695039/?utm_source=openpr.com&utm_medium=Abhijeet
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's driving the Industrial IoT (IIoT) Market trends? Rockwell Automation, ABB Ltd., Corning Incorporated, Cisco Systems, Inc., General Electric Company, Siemens AG, IBM Corporation, Microsoft Corporation, ARM Ltd., Intel Corporation, and Kuka AG here
News-ID: 1832630 • Views: 306
More Releases from marketstudyreport.com
What's driving the Solar District Heating Market Trends? Savosolar. Goteberg Ene …
Market Study Report, LLC’s, latest study on ‘Solar District Heating market’ features a holistic view of the market size, market share, profit estimates, SWOT analysis and the regional landscape of the business. The report precisely expounds key challenges and future growth prospects of the market, while highlighting the current competitive scene and analyzes the expansion strategies adopted by leading market players. Solar District Heating Market share is set to surpass USD
What's driving the Structural Steel Market trends? Gerdau S.A, ArcelorMittal, Ta …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Blockchain Technology Market Trends? Deloitte, BTL Group Ltd. …
A detailed study on ‘Blockchain Technology Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Antidiabetics Market trends? Sanofi, Bayer Corporation, Novar …
A detailed study on ‘Antidiabetics market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in the
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these