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Global IIoT Platform Market Analysis - Estimated Market Size, Trends And Outlook 2023-2032 | Intel Corporation, General Electric, Amazon Web Services Inc., International Business Machine (IBM) Corporation, Microsoft Corporation
IIoT Platform Market
The Business Research Company's IIoT Platform Global Market Report 2023 identifies Government initiatives as the major driver for the IIoT Platform market's growth in the forecast period. 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. The government across the world are making initiatives to promote industrial automation and revolutionized the industrial sector to meet the competition across the work and develop the county.
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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Major competitors 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.
A key trend in the IIoT Platform market includes Product innovation. Major companies operating in the industrial internet of things (IIoT) platform market are focused on developing new and innovative products to strengthen their market position. For instance, in April 2022, RS Components, a UK-based industrial equipment and facilities distributor, and Tata Consultancy Services, an India-based information technology services and consulting company, launched RS Industria, a new cloud-based Industrial Internet of Things (IIOT) platform.
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The IIoT Platform market is segmented -
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.
4. 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.
The Business Research Company's "Global IIoT Platform Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa IIoT Platform Market
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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