Industrial Internet of Things (IIoT) Market is Predicted to Grow at a CAGR of 21.3% During the Forecast Period | Leading Players: Dassault Systèmes, Honeywell International, ARM holding, Cisco Systems Inc, General Electric Company

The research report study on the global Industrial Internet of Things (IIoT) market provides a quantitative analysis of the factors affecting the global business. Industrial Internet of Things (IIoT) Market is expected to grow at a CAGR of 21.3% during the forecast period. Industrial Internet of Things (IIoT) Market Research Report provides the most up-to-date market information, as well as forecasted estimates, patterns and segmentation of product and applications. The report includes key statistics on the Industrial Internet of Things (IIoT) market's status, size, share, growth factors, challenges, and current scenario analysis. This market research report also provides a comprehensive geographic outlook, as well as strategies of different companies, are studied to assist industry players in increasing their market share. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors' challenges in gap analysis and new opportunities and may be trending in the Industrial Internet of Things (IIoT) market. Some are part of the coverage and are the core and emerging players being profiled 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

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Some Key Developments in the Global Industrial Internet of Things (IIoT) Market:

• In December, 2018, GE announced the establishment of a separate, independent organization focused on developing a comprehensive portfolio of Industrial Internet of Things (IIoT) software. The firm began with $1.2 billion in annual software revenue and a large global industrial customer base. The company is planned to be a wholly-owned, independently operated GE corporation with a new brand and logo, with its own equity structure and its own management board. The proposed new company aimed to brought together the industry-leading IIoT technologies from GE Digital including the Predix platform, Asset Performance Management, Historian, Automation (HMI / SCADA), Manufacturing Execution Systems, Operations Performance Management, and the GE Power Digital and Grid Software Solutions businesses.

• Cisco and Emerson joined forces in bringing intent-based networking to the extreme edge of IoT. They made a wireless robust mesh architecture using Cisco's access points & Emerson's gateway to connect people and things.

• In September, 2019, Cisco acquired Voicea, a privately-held Artificial Intelligence (AI) technology company located in Mountain View, CA. With Voicea's technology, Cisco would improve its Webex meetings, call, contact centres, and other voice assets with a powerful transcription service that combines AI and Automatic Speech Recognition (ASR) to unlock the power of any collaboration, such as meetings and calls. Meetings with Voicea will become a treasure chest of digital notes for meetings.

• In March, 2019, Dassault Systèmes and IPACS, an Australian technology company specializing in the collection, tracking, and reporting of real-time asset performance in various industries, have signed a Memorandum of Understanding ('MoU') to establish Industrial IoT Demonstrator for collaboration in key Industries in Australia, such as natural resources, defense, marine and offshore, cities and territories. The collaboration would expand the ongoing successful partnerships between Dassault Systèmes and local Australian companies for the growth of business technologies and the expansion of businesses.

Market Segmentation
The market segmentation of the global Industrial Internet of Things (IIoT) market has been done based on technology, product, distribution channel application, vertical industry, and end-user. Apart from this, the segmentation is also being done based on the geographical landscape. The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Industrial Internet of Things (IIoT) market has been segmented By Component [Hardware (Sensors, RFID, Industrial Robotics, Yield Monitoring, Electronic Shelf Label, Smart Meters, Smart Beacon, Condition Monitoring, Distributed Control System, Cameras, Interface Board, GPS/GNSS, Guidance & Steering, and Others), Solution (Remote Monitoring, Data Management, Analytics, Security Solutions, and Others), Services (Professional Services, and Managed Services)], By Connectivity [Wired Technology (Ethernet, Profinet, Modbus, and Others), Wireless Technology (Wi-Fi, Bluetooth, Zigbee, Cellular Technologies, and Others), Field Technology (Profibus, Modbus-RTU, and CC-Link)], By Verticals (Automotive, Food & Beverages, Chemicals & Materials, Semiconductor and Electronics, Healthcare, Metal & Mining, Retail, and Others)

Factor Impacting the Market Growth
• Adoption of industrial IoT solutions
• Advancement in the Manufacturing Industry and advent of the industry 4.0
• Market are standardization of IPV6

Methodology
Market research fills the gap between a goods or services and its target market or client. Market research insights assist a manufacturer or service provider in developing a product or service plan that satisfies the specific needs of the target market.

Primary Market Research
Primary market research is a type of study that involves acquiring information from target industries, either through a third-party or directly from customers.

Quantitative Market Research
Quantitative market research is a method of gathering data from the target market and consumers that can be quantified.

Qualitative Market Research
Qualitative market research is a means of gathering qualitative data from target markets via the use of instruments and procedures such as focus groups and interviews.

Secondary Market Research
Secondary market research is an investigative strategy in which a firm relies on publicly available data to learn more about its customers and target markets.

Industrial Internet of Things (IIoT) Market is further classified on the basis of region as follows:

North America (US, Canada, Mexico), Market size, Growth Market size, growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Europe (Germany, Russia, UK, France, Italy, Spain, The Netherlands, Rest of Europe), Market size, growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific), Market size, Future forecast & Opportunity Analysis

Middle East and Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), North Africa, South Africa, Rest of Middle East and Africa), Market size, Future forecast & Opportunity Analysis

South America (Brazil, Argentina, Colombia, Rest of South America), Market size, Future forecast & Opportunity Analysis

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The study of the market includes
• Explanation of consumer preferences, trends, opportunities, and factors impacting worldwide grid-scale power storage technologies, as well as an analysis of current industry trends.
• market share study by end-user, service, application, and region
• Investments in R&D and demonstration projects are covered, as well as a full overview of Industrial Internet of Things (IIoT) market.
• Assessment of regulatory trends and incentives, regional economic development rate, implementation timeline, and environmental constraints

Frequently Asked Questions
• What is the study period of this market?
• What is the growth rate of Industrial Internet of Things (IIoT) Market?
• Which region has highest growth rate in Industrial Internet of Things (IIoT) Market?
• Which region has largest share in Industrial Internet of Things (IIoT) Market?
• Who are the key players in Industrial Internet of Things (IIoT) Market?

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