Industrial System Integrator & Industrial Internet of Things Technology Market worth $1,177.32 billion by 2030, growing at a CAGR of 25.91% - Exclusive Report by 360iResearch

The "Industrial System Integrator & Industrial Internet of Things Technology Market by Component (Services, Solution), Integrator Type (Building Management, Cloud-Based Integration, Data Center Management), Technology, Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Industrial System Integrator & Industrial Internet of Things Technology Market to grow from USD 234.65 billion in 2023 to USD 1,177.32 billion by 2030, at a CAGR of 25.91%.

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The market for Industrial System Integrators (ISI) and Industrial Internet of Things (IIoT) technology encompasses the convergence of systems engineering, information technology, and operational technology to optimize and automate industrial processes. It involves the integration of various industrial systems and the implementation of IoT solutions to enhance connectivity, efficiency, and data analysis in manufacturing and process industries. The application of ISI and IIoT technology spans numerous sectors, including manufacturing, energy, utilities, transportation, healthcare, and agriculture. End-use is particularly prevalent in Industry 4.0 transformation, where these technologies drive smart factories, predictive maintenance, supply chain optimization, and energy management. The growth of the ISI and IIoT market is influenced by various factors, including continuous innovation in IoT and digital technologies, expanding industrial sectors worldwide, policies supporting Industry 4.0 and smart manufacturing initiatives, and increasing emphasis on data analytics for operational optimization. However, vulnerability to cyberattacks with increased connectivity, technical complexities in integrating new with existing systems, and scarcity of trained professionals with expertise in IIoT and system integration can hinder the market's growth. On the other hand, the deployment of edge computing to process data nearer to the source is gaining traction, offering reduced latency and better data management, AI-powered analytics for predicting maintenance needs and production outcomes, and personalized integration solutions tailored to specific industrial needs are emerging trends offering growth potential.

The Americas, particularly the United States and Canada, are at the forefront of industrial automation and Internet of Things (IoT) technology. The demand for system integrators in the US is driven by a robust manufacturing sector seeking to enhance operational efficiency through data analytics and real-time monitoring. Canadian industries are similarly interested in embracing digital transformation to improve productivity and competitiveness. The Canadian Automated Integration and IIoT market is showing strong growth, supported by government-funded initiatives encouraging technological partnership and innovation, including IIoT applications. In South American countries, including Brazil, Argentina, and Chile, rapid development in manufacturing and agricultural sectors with emerging IoT applications supports the expansion of industrial system integrators & industrial Internet of Things technology market. The European Union is a complex market with a strong focus on compliance with regulations and standards, such as the GDPR, which impacts the deployment of IoT solutions. Countries within the EU are heavily investing in Industry 4.0, prioritizing the use of IIoT technologies to revolutionize manufacturing. The European Commission's approach to the digital transformation of industry, Digitising European Industry, demonstrates the commitment to investments in key digital technologies. In the Middle East, nations, including Saudi Arabia and the United Arab Emirates, are rapidly integrating IIoT technologies into their industries as part of their broader vision for economic diversification. Africa, with its rich resources and emerging markets, is still at an early adoption stage of IIoT but possesses huge growth potential. China is a prominent country in terms of IoT adoption due to its massive manufacturing base and government initiatives such as Made in China 2025, which prioritize advancements in manufacturing technologies. Japan has a legacy of advanced industrial automation and robotics; their initiatives, such as Society 5.0, aim to integrate IoT throughout various societal aspects. In India, industrial IoT adoption is rapidly increasing due to the Make in India program focused on remaking India into a global manufacturing hub.

Market Segmentation & Coverage:

This research report categorizes the Industrial System Integrator & Industrial Internet of Things Technology Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Services and Solution. The Services is further studied across Managed and Professional. The Solution is further studied across Analytics, Data Management, Remote Monitoring, and Security Solutions. The Services commanded largest market share of 34.67% in 2023, followed by Solution.

Based on Integrator Type, market is studied across Building Management, Cloud-Based Integration, Data Center Management, Enterprise Management, Infrastructure Integration Service, Network Management, and Security & Surveillance Management. The Network Management commanded largest market share of 17.12% in 2023, followed by Infrastructure Integration Service.

Based on Technology, market is studied across Distributed Control System, Functional Safety System, Human-Machine Interface, Industrial Robotics, Machine Condition Monitoring, Machine Vision, Manufacturing Execution System, Plant Asset Management, Programmable Logic Controller, and Supervisory Control and Data Acquisition. The Machine Vision commanded largest market share of 11.32% in 2023, followed by Plant Asset Management.

Based on Industry, market is studied across Aerospace & Defense, Automotive, Chemical, Electrical & Electronics, Energy & Power, Food & Beverage, Mining & Metal, Oil & Gas, and Pharmaceutical. The Oil & Gas commanded largest market share of 21.22% in 2023, followed by Chemical.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.20% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Industrial System Integrator & Industrial Internet of Things Technology Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial System Integrator & Industrial Internet of Things Technology Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Industrial System Integrator & Industrial Internet of Things Technology Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advanced Micro Devices, Inc, Advantech Co., Ltd., Amazon Web Services, Inc., C3 IoT Inc., Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Dell Inc., Emerson Electric Co., Fujitsu Component Limited, General Electric Company, Hewlett Packard Enterprise Development LP, Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, KUKA AG, Microsoft Corporation, NEC Corporation, Nokia Corporation, Oracle Corporation, PTC Inc., Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Samsara Inc., SAP SE, Schneider Electric SE, Siemens AG, SoftBank Corp., Software AG, Tata Consultancy Services Limited, Tech Mahindra Limited, Texas Instruments Incorporated, Toshiba Corporation, Yokogawa Electric Corporation, and Zebra Technologies Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial System Integrator & Industrial Internet of Things Technology Market, by Component
7. Industrial System Integrator & Industrial Internet of Things Technology Market, by Integrator Type
8. Industrial System Integrator & Industrial Internet of Things Technology Market, by Technology
9. Industrial System Integrator & Industrial Internet of Things Technology Market, by Industry
10. Americas Industrial System Integrator & Industrial Internet of Things Technology Market
11. Asia-Pacific Industrial System Integrator & Industrial Internet of Things Technology Market
12. Europe, Middle East & Africa Industrial System Integrator & Industrial Internet of Things Technology Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Industrial System Integrator & Industrial Internet of Things Technology Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial System Integrator & Industrial Internet of Things Technology Market?
3. What is the competitive strategic window for opportunities in the Industrial System Integrator & Industrial Internet of Things Technology Market?
4. What are the technology trends and regulatory frameworks in the Industrial System Integrator & Industrial Internet of Things Technology Market?
5. What is the market share of the leading vendors in the Industrial System Integrator & Industrial Internet of Things Technology Market?
6. What modes and strategic moves are considered suitable for entering the Industrial System Integrator & Industrial Internet of Things Technology Market?

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