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Industrial Internet of Things Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Industrial Internet of Things Market Statistics 2028The global Industrial IoT (IIoT) market size is projected to reach US$ 102460 million by 2028, from US$ 71160 million in 2021, at a CAGR of 5.3% during 2022-2028.
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Key drivers of the industrial internet of things market include growing adoption in manufacturing and the prominence of industry 4.0. Energy consumption monitoring has improved significantly which will positively impact the trends of the market during the forecast period.
The need for digitizing industrial operations in the oil and gas industry will fuel the growth of the IIoT market in the coming years. The advent of smart mines will surge the demand for the Industrial internet of things market in the subsequent years.
The ever-increasing complex retail industry will propel the growth of the market in the forthcoming years.
IoHT or internet of healthcare things is making its way gradually which will provide lucrative opportunities for the market's growth during the forecast period. The transportation sector will push the market forward in the subsequent years.
Industrial Internet of Things Market Share Analysis
Based on type, the segmentation includes wired, wireless and field technology.
Based on application, The manufacturing segment will dominate the IIOT market share due to the extensive adoption of digital technologies and IoT sensors by manufacturing facilities.
Based on region, North America will grow the highest in the IIOT market share due to the early adoption of IoT and being the hub of technological innovations. While Asia-Pacific will grow the fastest due to the growing trend of factory automation in countries like China, Japan, Taiwan, etc.
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Segment by Type
• Wired Technology
• Wireless Technology
• Field Technology
Segment by Application
• Manufacturing
• Energy
• Oil &Gas
• Metal & Mining
• Healthcare
• Retail
• Transportation
• Medical
• Other
BY COMPANY
• ARM Holding (UK)
• Cisco (US)
• GE (US)
• Intel (US)
• Rockwell Automation (US)
• ABB (Switzerland)
• Texas Instruments (US)
• Dassault Systèmes (France)
• Honeywell (US)
• Huawei Technologies (China)
• IBM (US)
• KUKA AG(Germany)
• NEC Corporation (Japan)
• Bosch (Germany)
• Siemens AG (Germany)
• PTC (US)
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https://reports.valuates.com/market-reports/QYRE-Auto-26M10077/global-industrial-iot-iiot
Get similar reports
1. https://reports.valuates.com/market-reports/QYRE-Othe-3D175/global-iot
2. https://reports.valuates.com/market-reports/QYRE-Othe-1D215/global-iot-platforms
3. https://reports.valuates.com/market-reports/QYRE-Auto-8F3013/global-iot-spending-in-pharmaceutical-manufacturing
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