Industrial Internet of Things (IIoT) Market is anticipated to grow with a CAGR of 21.3% during the forecast period from 2020 to 2028 | ABB, Texas Instruments Inc, Huawei Technologies, IBM Corporation, KUKA AG, NEC Corporation

Industrial Internet Of Things (IIoT) Market To Grow At A Rapid Rate

The Global Industrial Internet Of Things (IIoT) Marketmarket is valued at USD 82.4 Billion in 2020 and is anticipated to grow with a CAGR of 21.3% during the forecast period from 2020 to 2028. The growth of the IIoT industry is mainly driven by certain factors like technological advancements in semiconductors and electronic devices, rising use of cloud computing platforms as well as support from governments of various economies for research and development activities with regards to IIoT. Rising trends of processing the rich as well as real-time data streams that are generated by IoT networks and sensors by using artificial intelligence and machine learning is going to drive the market growth.

Digital manufacturing Technologies Beneficial for the manufacturers and IIoT play a decisive role in the implementation of digital manufacturing. The industrial internet is expected to witness substantial growth in the near future due to the rising collaboration among the industry players and increasing demand for a connected supply chain that enables operational efficiency and flexibility for the regulations.

With a significant CAGR over the forecast period, the global market is expected to grow. Including the product category, market analysis based on applications, region-based analysis, and the presence of the global market is presented. The study presents a thorough overview of emerging trends and competitive scenarios. The research keeps you up-to-date with major developments in the industry and lets you improve your competitor study. For example, distribution, type capability, production, benefit, demand, price, promotion forecast, and development speed were analyzed for the global industrial market requirements. The report also analyses the future growth prospects of the global market on a worldwide as well as regional basis.

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Market Segmentation

On the basis of components, the market is segmented into solution, services and platform. Based on the end-use, the market is segmented into manufacturing, healthcare, oil and gas, energy and power, logistics and transport, agriculture and others.

Regional Analysis Of Global Industrial Internet Of Things(IIoT) Market

The report gives a thorough overview of the industry including qualitative and quantitative data. It also offers an overview and forecast of the global industrial internet of things market with the help of various segments. It gives the market size and forecast estimates year with respect to five major regions as North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. As compared to the market in other countries, the Asia Pacific market holds one of the largest revenue shares in the global market for IIoT. Europe accounts for a large share of sales in the global market, followed by IIoT in the North America, Latin America, and Middle East & Africa markets. The market size, as well as forecast for each of the above-mentioned regions as well as countries, have been provided from the year 2016 to 2028 along with their respective CAGRs. This research study also contains the entire competition scenario in these countries.

Competitive Landscape

The global industrial internet of things markets competitive analysis offers details on the basis of competitors. Certain details that have been provided in this study are company revenue, investment in research and development, global presence, production size, production capacity, product launch, company strengths and weaknesses, application, dominance, and product width and breadth. Industrial IoT happens to be a dynamic market poised to be a critical development during the forecast period. Apart from this, the rising number of connected gadgets is expected to come up with new opportunities for the startup companies

Dassault Systèmes, Honeywell International, ARM holding, Cisco Systems Inc, General Electric Company, Bosch.IO, Siemens AG, Intel Corporation, Rockwell Automation, ABB, Texas Instruments Inc, Huawei Technologies, IBM Corporation, KUKA AG, NEC Corporation, and PTC Corporation

Market Segmentation:
By Component:
• Hardware
o Sensors
o RFID
o Industrial Robotics
o Yield Monitoring
o Electronic Shelf Label
o Smart Meters
o Smart Beacon
o Condition Monitoring
o Distributed Control System
o Cameras
o Interface Board
o GPS/GNSS
o Guidance & Steering
o Others
• Solution
o Remote Monitoring
o Data Management
o Analytics
o Security Solutions
o Others
• Services
o Professional Services
o Managed Services

By Connectivity:
• Wired Technology
o Ethernet
o Profinet
o Modbus
o Others
• Wireless Technology
o Wi-Fi
o Bluetooth
o Zigbee
o Cellular Technologies
o Others
• Field Technology
o Profibus
o Modbus-RTU
o CC-Link

By Verticals:
• Automotive
• Food & Beverages
• Chemicals & Materials
• Semiconductor and Electronics
• Healthcare
• Metal & Mining
• Retail
• Others

By Region:
North America Industrial Internet of Things (IIoT) Market
• North America, by Country
•
o US
o Canada
o Mexico
• North America, by Component
• North America, by Connectivity
• North America, by Verticals

Europe Industrial Internet of Things (IIoT) Market
• Europe, by Country
•
o Germany
o Russia
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Europe
• Europe, by Component
• Europe, by Connectivity
• Europe, by Verticals

Asia Pacific Industrial Internet of Things (IIoT) Market
• Asia Pacific, by Country
•
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Asia Pacific by Component
• Asia Pacific, by Connectivity
• Asia Pacific, by Verticals

Middle East & Africa Industrial Internet of Things (IIoT) Market
• Middle East & Africa, by Country
•
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa
• Middle East & Africa by Component
• Middle East & Africa, by Connectivity
• Middle East & Africa, by Verticals

South America Industrial Internet of Things (IIoT) Market
• South America, by Country
•
o Brazil
o Argentina
o Colombia
o Rest of South America
• South America, by Component
• South America, by Connectivity
• South America, by Verticals

Objectives of this Report:
• To estimate the market size for the industrial internet of things (IIoT) market on a regional and global basis.
• To identify major segments in the industrial internet of things (IIoT) market and evaluate their market shares and demand.
• To provide a competitive scenario for the industrial internet of things (IIoT) market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of the industrial internet of things (IIoT) market with their potential gravity during the forecast period.

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