Industrial IoT Market 2019 | Industry Trends, Technological Advancements, Market Dynamics, Business Overview, Competitive Landscape Analysis and Segmental Analysis By 2026 | Atmel, ABB Group, ARM Holding plc., Cisco Systems

Industrial IoT Market

The global Industrial IoT market is expected to grow at a CAGR of 27.9% during the forecast period, 2019–2026.

A considerable degree of intelligent automation, reducing operational cost, and the growing implementation of 5G powered infrastructure for industrial IoT are the two-pronged drivers boosting the market growth. On September 26, 2018, the Federal Communications Commission (FCC) proclaimed to accelerate the deployment of cell sites necessary for 5G wireless networks in the U.S. However, inadequate IT Infrastructure might impede the market growth. Many developing countries lack the A considerable infrastructure. For instance, poor internet connectivity in countries such as Africa, Malaysia, Chile, and Brazil is foreseen to dramatically thwart market growth. It is projected that over 120 billion IoT devices will be online by 2030. Considering the present infrastructure, it is a challenging task to quench the estimated vision.

The software & services segment, among other type segments, held the largest market share of 45.10% in the year 2018. The hardware segment, on the other hand, is expected to grow at a CAGR of 28.77% during the forecast period (2019–2026.) IoT hardware ranges from low-power boards (single-board processors such as Arduino Uno) to specific function-oriented hardware (GPS, light and heat sensors, or interactive displays). Some of the IoT hardware development platforms are Particle.io, Espressif ESP8266 Boards, Intel IoT Development Boards, Arduino IoT Product Line, and The Raspberry Pi.

The logistics & transport segment, among other industry vertical segments, held the largest market share of 22.45% in the year 2018. The agriculture segment is expected to grow at the highest CAGR of 29.52% during the forecast period, 2019–2026. The fourth industrial revolution, also known as industry 4.0, is foreseen as a transforming force that will deeply impact the agriculture industry. For instance, according to the machinery industry in Europe, 70%–80% of technologically advanced farming equipment were sold in 2018. Industrial IoT has brought in an array of operational benefits such as efficient use of water, optimization of inputs, monitoring the field in real-time, climate changes, environmental effect, and many more. As the Industrial IoT market is still pullulating, there exists a broad scope for the key vendors to develop agriculture-oriented IoT products and garner substantial profit.

North America spearheads the market as the region is readily implementing the IoT in various industrial sectors including oil & gas, utilities, transportation, chemical, agriculture, and pharmaceutical. In the U.S., many manufacturers are early adopters of Internet of things to facilitate efficacy in asset management, manufacturing plants, warehouses, extended supply chains, etc.

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The Major Prominent Players Covered in this Report:
Atmel, ABB Group, ARM Holding plc., Cisco Systems, Inc., Dassault Systems, General Electric, Honeywell International Inc., Huawei Technology Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, Rockwell Automation, Inc., Siemens AG, and Texas Instruments Inc.

By Type, Hardware, Software & Services, Connectivity
By Application, Manufacturing, Agriculture, Healthcare, Energy & Utilities, Logistics & Transport, Others & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Industrial IoT Market Trends:
- The report identifies, determines, and forecasts the Global Industrial IoT Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Industrial IoT Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Industrial IoT Market.

Key Questions Answered in The Report:
What will the Industrial IoT market growth rate?
What are the key factors driving the global Industrial IoT market?
Who are the key manufacturers in the Industrial IoT market space?
What are the market opportunities, market risk, and market overview of the Industrial IoT market?
What are sales, revenue, and price analysis of top manufacturers of the Industrial IoT market?
Who are the distributors, traders, and dealers of the Industrial IoT market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Industrial IoT Industry?
What are sales, revenue, and price analysis by regions of Industrial IoT industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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