What's driving the Industrial IoT (IIoT) Market trends? Rockwell Automation, Corning Incorporated, ABB Ltd., Cisco Systems, Inc., General Electric Company, Siemens AG, IBM Corporation,

Market Study Report LLC has added a new report on Industrial IoT (IIoT) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Industrial IoT (IIoT) market in tandem with its competitive terrain.

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.
8.1.1. Overview
8.1.2. Financials
8.1.3. Product Benchmarking
8.1.4. Recent Developments
8.2. Cisco Systems, Inc.
8.2.1. Overview
8.2.2. Financials
8.2.3. Product Benchmarking
8.2.4. Recent Developments
8.3. General Electric Company
8.3.1. Overview
8.3.2. Financials
8.3.3. Product Benchmarking
8.3.4. Recent Developments
8.4. Intel Corporation
8.4.1. Overview
8.4.2. Financials
8.4.3. Product Benchmarking
8.4.4. Recent Developments
8.5. IBM Corporation

Enquiry before Buying https://www.marketstudyreport.com/enquiry-before-buying/1695039/?utm_source=openpr.com&utm_medium=Abhijeet

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

About Us:

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.