Press release
Rapid Growth and Emerging Trends in the Global IIoT Platform Market: Market Size, CAGR, Key Drivers, and Future Projections
IIoT Platform Market
What Is The Projected Market Size Of The Global IIoT Platform Market And Its Growth Rate?
• The global IIoT platform market has grown rapidly in recent years, escalating from $11.08 billion in 2024 to $12.65 billion in 2025, registering a robust CAGR of 14.2%.
• Several factors including connectivity evolution, sensor proliferation, cost reduction, and burgeoning demand for predictive maintenance and remote monitoring drive this growth.
• Furthermore, market size is projected to witness a steep rise to $23.47 billion in 2029, expanding at a CAGR of 16.7%.
What Is Driving The Growth In The IIoT Platform Market?
Government initiatives promoting industrial automation have significantly contributed to the soaring growth of the industrial internet of things (IIOT) platform market. Worldwide, governments are initiating measures to propel industrial automation and revolutionize the industrial sector to keep up with international competition and foster country development. The Instrument Flight Rules (IFR) International Federation of Robotics reported that factories worldwide installed 553,052 new industrial robots in 2022. This marked a 5% growth from the previous year. Asia accounted for 73% of these installations. Therefore, government initiatives supporting industrial automation enormously enhance the growth of the industrial internet of things (IIOT) platform market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7862&type=smp
Who Are the Key Players Driving IIoT Platform Market Growth?
• Intel Corporation
• General Electric Company
• Amazon Web Services Inc.
• International Business Machine Corporation
• Microsoft Corporation
• Cisco Systems Inc.
• SAP SE
• Oracle Corporation
• PTC Inc.
• Rockwell Automation Inc.
• Emerson Electric Co.
• QiO Technologies India Pvt. Ltd.
• Google Inc.
• Hewlett-Packard Enterprise Company
• Seeq Corporation
• Hitachi Vantara Enterprise Company
• Softeq Corp.
• Cognite AS
• Johnson Controls Inc.
• Toshiba Corporation
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Siemens AG
• Schneider Electric SE
• ABB Ltd.
• Huawei Technologies Co. Ltd.
• Dell Technologies Inc.
• Accenture* PLC
• Capgemini SE
• Infosys Limited
• Wipro Limited
• Tata Consultancy Services Limited
• Tech Mahindra Limited
• HCL Technologies Limited
• L&T Technology Services Limited
• Robert Bosch GmbH
• Fujitsu Limited
• NEC Corporation
• Advantech Co. Ltd.
• Telit Communications PLC
• Eurotech S.p.A.
• Wind River Systems Inc.
What Are The Key Trends In The IIoT Platform Market?
Notable market trends for the forecast period entail:
• Rising focus on the integration of edge computing
• Development of interoperability standards
• Increased usage of AI and machine learning
• Integration of 5G connectivity
• Application of Blockchain for data integrity
• Efforts towards supply chain visibility and optimization
• Collaborative partnerships and alliances
What Are The Segments Of The Global IIoT Platform Market?
• Offering: Platforms, Services
• Application: Asset Management, Remote Monitoring, Network System Management
• End-User: Manufacturing, Energy And Power, Oil And Gas, Healthcare, Logistics And Transport, Other End Users
Which Region Leads The IIoT Platform Market?
In 2024, North America emerged as the largest participant in the IIOT Platform market. However, the Asia-Pacific region is expected to lead in terms of the fastest-growing region during the forecast period. The report entails detailed analytics for regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/iiot-platform-global-market-report
What Is Covered In The IIoT Platform Market Global Market Report?
- Market Size Analysis: Analyze the IIoT Platform Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IIoT Platform Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IIoT Platform Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IIoT Platform Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=8523&type=smp
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model (GMM) delivers comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rapid Growth and Emerging Trends in the Global IIoT Platform Market: Market Size, CAGR, Key Drivers, and Future Projections here
News-ID: 3821878 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for IIoT
IIOT Platform Market - Clearer Insights, Better Diagnoses: Explore the Latest II …
The Industrial Internet of Things (IIoT) has emerged as a transformative technology, reshaping industries and redefining business operations. IIoT platforms serve as the foundation for connecting devices, collecting data, and enabling intelligent decision-making in various industrial sectors. This report aims to provide a comprehensive analysis of the IIoT Platform Market, including its drivers, challenges, SWOT analysis, regional trends, and future outlook.
The Global IIoT Platform Market to Witness Robust growth During…
MARKETSANDMARKETS INDUSTRY 4.0 CONFERENCE: CYBER SECURITY & IIOT INVITES CYBER S …
Chicago, June 17 – Focused on the impact of two technologies i.e, Cyber Security & IIoT, on manufacturers, MarketsandMarkets Industry 4.0 Conference: Cyber Security & IIOT, is addressing a series of application-based illustrations and discussions to map the future possibility of trends in the manufacturing world. Discussing solutions to the challenges faced, see the future of manufacturing from leading experts and industry leaders presenting their proven strategies and solutions.
The 2-day…
Industrial Internet of Things (IIoT) Market: Rising Adoption of IIoT by The Tran …
Deployment of Internet of Things (IoT) in industries to modernize manufacturing processes is referred to as Industrial Internet of Things (IIoT). IIoT incorporates machine learning, Big Data technology, and machine-to-machine (M2M) communication, adopting the sensor data and automation technologies that already exist in the industries. IIoT helps to improve visibility, operational efficiency, increases productivity, and reduces complexity in the process. Large collected data helps in predictive maintenance which can generate…
Industrial Internet of Things (IIoT) Market - Increasing Demand For IIoT From Th …
According to a new market report pertaining to Industrial Internet of Things (IIoT), published by Transparency Market Research, the global IIoT market is expected to reach US$ 991,562.0 Mn by 2026, expanding at a CAGR of 24.3% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Industrial internet of things hardware connectivity devices is anticipated…
Industrial Internet of Things (IIoT) Market - Increasing Demand For IIoT From Th …
According to a new market report pertaining to Industrial Internet of Things (IIoT), published by Transparency Market Research, the global IIoT market is expected to reach US$ 991,562.0 Mn by 2026, expanding at a CAGR of 24.3% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Industrial internet of things hardware connectivity devices is anticipated…
Broadband for IIoT - Technology Overview
BII™ (/Bee/, Broadband for Industrial Internet) is an innovative and patented long range wireless broadband networking technology developed by Doodle Labs. Standing on the shoulders of the underlying state-of-the-art MIMO technology used by the ubiquitous IEEE 802.11 (Wi-Fi), BII further extends the technology to facilitate deployment of high performance mobile networks. BII focuses on high reliability data communication over long distances and frequency flexibility for licensed and license free bands.…
