Press release
Industrial Internet of Things (IIoT) Market to reach USD 298.98 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Industrial Internet of Things (IIoT) Market
The comprehensive report encompasses a thorough analysis of the impact of the COVID-19 lockdown on market leaders, followers, and disrupters. With varied lockdown implementations across regions and countries, the report provides insights into the diverse short-term and long-term effects on the market, aiding decision-makers in formulating strategies tailored to each region.
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Industrial Internet of Things (IIoT) Market Research Methodology
The growth of the IIoT market is propelled by factors such as technological advancements in semiconductor and electronics devices, automation solutions, improved data rates, cloud computing adoption, and support from governments worldwide. Conversely, limitations stem from compatibility issues among IoT technologies, lack of standardization, security concerns, and a shortage of skilled labor.
What are Industrial Internet of Things (IIoT) Market Dynamics:
The evolution of digital technology has reshaped the retail banking sector, with smartphones and internet connectivity driving customer expectations for seamless digital experiences. In emerging markets, the pursuit of financial inclusion has propelled the growth of retail banking, providing access to basic financial products through mobile banking and digital platforms. Stricter compliance measures post-financial crisis have enhanced transparency, strengthened risk management, and boosted customer loyalty.
Industrial Internet of Things (IIoT) Market Regional Insights:
Initiatives in Germany, UK, France, US, China, and India, focusing on smart factories, cyber-physical systems, and intelligent robotics, have spurred investments in IIoT solutions. While the manufacturing sector dominates in 2022, the agriculture vertical is anticipated to experience the highest CAGR. Notably, the IIoT market in the Asia-Pacific (APAC) region is projected to grow at the highest CAGR, fueled by infrastructural and industrial developments in China and India. In North America, the IIoT market is expected to hold the largest share, driven by substantial investments in R&D and government initiatives.
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What is Industrial Internet of Things (IIoT) Market Segmentation:
by Device & Technology
Sensor
RFID
Industrial Robotics
Distributed Control System
Condition Monitoring
Smart Meter
Smart Beacon
Yield Monitoring
Electronic Shelf Label
Camera
Guidance & Steering
GPS/GNSS
Interface Board
Flow & Application Control Device
Networking Technology
by Software
PLM
MES
SCADA
Outage Management System
Distribution Management System
Visualization Software
Transit Management System
Remote Patient Monitoring
Farm Management System
by Vertical
Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture
by Component
Hardware
Software
Services
Connectivity
Who are Industrial Internet of Things (IIoT) Market Key Players:
1. Cisco
2. GE
3. Intel
4. Rockwell Automation
5. ABB
6. Texas Instruments.
7. Honeywell
8. Huawei Technologies
9. IBM
10.Kuka
11.NEC Corporation
12.Bosch
13.PTC.
14.AT&T
15.Qualcomm
16.Atos
17.Amazon
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The table of content for the Industrial Internet of Things (IIoT) Market includes:
Global Industrial Internet of Things (IIoT) Market: Research Methodology
Global Industrial Internet of Things (IIoT) Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Internet of Things (IIoT) Market: Competitive Analysis
MMR Competition Matrix
Market Structure by Region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size, and Forecast by Different Segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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