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IIoT Platform Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Intel Corporation, General Electric, Amazon Web Services Inc., International Business Machine (IBM) Corporation
IIoT Platform Market
IIoT Platform Market Size, Growth Rate, And Forecast
The global IIOT platform market size is expected to grow from $8.48 billion in 2022 to $9.78 billion in 2023, at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IIOT platform market size is expected to grow to $17.12 billion in 2027 at a CAGR of 15.0%.
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IIoT Platform Market Drivers
Government initiatives to promote industrial automation have propelled the growth of the industrial internet of things (IIoT) platform market. Industrial automation is the control of machinery and processes used in various industries by autonomous systems through the use of technologies including robotics and computer software.
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IIoT Platform Market Segments
1) By Offering: Platforms, Services
2) By Application: Asset Management, Remote Monitoring, Network System Management
3) By End-User: Manufacturing, Energy and Power, Oil and Gas, Healthcare, Logistics and Transport, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IIoT Platform market.
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IIoT Platform Market Key Players
Major players in the IIoT platform market are Intel Corporation, General Electric, Amazon Web Services Inc., International Business Machine (IBM) Corporation, Microsoft Corporation, Cisco Systems Inc., SAP SE, Oracle Corporation, PTC Inc., Bosch Software Innovation GmbH, Rockwell Automation Inc., Emerson Electric Co., QiO Technologies, Google Inc., and Hewlett-Packard Enterprise.
The Business Research Company's "Global IIoT Platform Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The IIoT Platform Market Include:
1. Executive Summary
2. IIoT Platform Market Characteristics
3. IIoT Platform Market Trends And Strategies
4. IIoT Platform Market - Macro Economic Scenario
5. IIoT Platform Market Size And Growth
……
27. IIoT Platform Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IIoT Platform Market
29. IIoT Platform Market Future Outlook and Potential Analysis
30. Appendix
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