Industrial Internet of Things Market Top Players in the Market and Their Share in 2023

The global Industrial Internet of Things (IIoT) market is experiencing significant growth and was valued at USD 66.16 billion in 2021. It is projected to achieve USD 120.9 billion by 2030, with a compound annual growth rate (CAGR) of 7.79% during the forecast period from 2022 to 2030. Advancements in technology have enabled key players to deliver improved IIoT offerings to end-users, driving market growth.

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The major players in the global IIoT market include DTelsco Industries Inc., Rain Bird Corporation, HydroPoint Data Systems, Netafim Ltd., Inc., The Toro Company, Rachio Inc., Galcon Ltd., Orbit Irrigation Products Inc., Hunter Industries Inc., and Valmont Industries, Inc. These companies are actively involved in developing innovative IIoT solutions and expanding their product offerings to cater to the growing demand.

The objective of the study is to define market sizes of different segments and countries and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country. It provides detailed information about driving factors, challenges, and opportunities that will shape the future growth of the market. The report also includes a comprehensive analysis of the competitive landscape and product offerings of key players.

The market segments in the report are categorized as follows:

1. By Component:
- Controllers
- Sensors
- Water Flow Meters
- Others

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2. By Sensor Type:
- Weather-Based Controller Systems
- Sensor-Based Controller Systems

3. By Application:
- Agricultural
- Non-Agricultural

The report covers various regions and countries, including North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, ROE), Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia), South America (Brazil, Argentina, Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).

In conclusion, the global IIoT market is witnessing significant growth driven by advancements in technology and the ability of key players to provide improved IIoT solutions. The market offers opportunities for various stakeholders, including consulting companies, enterprises of all sizes, venture capitalists, and investors. The major players in the market are focused on developing innovative IIoT solutions to meet the evolving needs of industries.

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