Press release
Global IIoT Platform Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
IIoT Platform
How Big Is the IIoT Platform Market Size Expected to Be by 2034?
In recent times, there has been a quick enlargement in the size of the IIoT platform market. It's expected to expand from a market value of $11.08 billion in 2024 to attain $12.65 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. Factors such as the evolution of connectivity, the widespread use of sensors, reduction in costs, the need for predictive maintenance and remote monitoring have contributed to the growth witnessed in the historic period.
The industrial internet of things (IIoT) platform market is projected to experience significant expansion in the upcoming years, reaching a value of $23.47 billion by 2029, with a compound annual growth rate (CAGR) of 16.7%. This predicted growth during the forecast period can be associated with factors like the adoption of digital twin technology, emphasis on environmental sustainability, the rise of autonomous vehicles and drones, real-time quality control, as well as customization and scalability. Further, the forecast period is anticipated to witness trends including the incorporation of edge computing, emphasis on interoperability standards, the integration of artificial intelligence and machine learning, the affordance of 5G connectivity, employment of blockchain for maintaining data integrity, insight into supply chain and its optimization, as well as strategic collaborations and partnerships.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7862
What Are the Emerging Segments Within the IIoT Platform Market?
The IIoT platform market covered in this report 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
Subsegments:
1) By Platforms: IoT Device Management Platforms, Data Management Platforms, Analytics Platforms, Application Enablement Platforms, Connectivity Platforms
2) By Services: Consulting Services, System Integration Services, Maintenance And Support Services, Training And Education Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7862&type=smp
What Long-Term Drivers Are Shaping IIoT Platform Market Trends?
The growth of the market for the industrial internet of things (IIOT) platform has been accelerated by government-led initiatives encouraging industrial automation. Industrial automation entails the utilization of independent systems to regulate machinery and processes in a host of industries, powered by technologies such as robotics and computer software. Governments worldwide are instigating actions to encourage industrial automation, with a pursuit to modernize the industrial sector, to stand against global competition and drive national growth. For instance, the International Federation of Robotics (IFR), a German organization focused on promoting robotics software, reported in September 2023 that a notable swell in industrial robot installations was witnessed in 2022. The latest global robotics report recorded a total increase of 553,052 installations, representing a 5% uptick from the previous year. A regionwise distribution exhibited that Asia dominated with 73% of these installations, Europe and the Americas trailed with 15% and 10%, respectively. Consequently, the augmentation of the industrial internet of things (IIOT) platform market is driven by government measures promoting industrial automation.
Who Are the Top Competitors in Key IIoT Platform Market Segments?
Major companies operating in the IIoT platform market are 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 IIoT Platform Market Trends Are Gaining Traction Across Different Segments?
The rise of technological innovation is a prime trend observed in the Industrial Internet of Things (IIOT) platform market. Major firms in the IIOT platform market are prioritizing the creation of new and cutting-edge technological solutions to consolidate their position in the market. For instance, in April 2022, RS Components, an industrial equipment and facilities distributor based in the UK, collaborated with Tata Consultancy Services, an India-based IT services and consulting firm, to introduce RS Industria, a novel cloud-based IIOT platform. RS Industria aids in the efficient linkage of existing manufacturing asset data, including vibration sensors, PLCs, SCADA systems, and utility meters. RS Components can leverage technologies such as machine learning, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to obtain deeper and quicker insights from their data. This platform simplifies the connection process with existing sources of production asset data like vibration sensors, PLCs, SCADA systems, and utility meters.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/iiot-platform-global-market-report
Which Regions Are Becoming Hubs for IIoT Platform Market Innovation?
North America was the largest region in the IIOT Platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IIOT platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IIoT Platform Market?
2. What is the CAGR expected in the IIoT Platform Market?
3. What Are the Key Innovations Transforming the IIoT Platform Industry?
4. Which Region Is Leading the IIoT Platform Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
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 delivers comprehensive and updated forecasts to support informed decision-making.
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 Global IIoT Platform Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 3970805 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Platform
Global Process Automation (DPA) Software Market Size, Share and Forecast By Key …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the Market Research Intellect, the global Process Automation (DPA) Software market is projected to grow at a robust compound annual growth rate (CAGR) of 7.55% from 2024 to 2031. Starting with a valuation of 15.06 Billion in 2024, the market is expected to reach approximately 23.31 Billion by 2031, driven by factors such as Process Automation (DPA) Software and Process Automation (DPA) Software. This significant…
Global Smart City Platforms Market Size - By Product Type(Connectivity Managemen …
Smart City Platforms Market Insights: Trends, Drivers, and Outlook 2024 - 2031
Smart City Platforms Market Scope: Unveiling Today's Trends
Smart City Platforms are integrated digital systems designed to enhance urban management and improve the quality of life for residents. The market for these platforms is witnessing significant growth driven by increasing urbanization, government initiatives for smart city developments, and advancements in IoT, big data, and AI technologies. The current market size…
Banking as a Digital Platform Market Exhibits a Stunning Growth | Alkami Platfor …
According to HTF Market Intelligence, the Banking as a Digital Platform market to witness a CAGR of 8.2% during the forecast period (2024-2030).The Latest published a market study on Global Banking as a Digital Platform Market provides an overview of the current market dynamics in the Global Banking as a Digital Platform space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in…
Process Automation (DPA) Software Market 2022 Analysis by Key Players - KiSSFLOW …
Process Automation (DPA) Software Market Scope and Overview
Digital process automation (DPA) software is an emerging market of tools containing features found in many technologies, including a number of process automation and rapid application development software technologies.
The most recent research report provides in-depth analysis of all segments, categories, and regional and national markets studied in the Process Automation (DPA) Software Market study, as well as thorough data on all regional markets.…
Internet of Robotic Things (IoRT) Market Growing Up By Platform: Device Manageme …
Acumen Research and Consulting has announced the addition of the "Internet of Robotic Things (IoRT) Market” report to their offering.
The Internet of Robotic Things (IoRT) Market Report 2018 is an in depth study analyzing the current state of the Internet of Robotic Things (IoRT) Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Internet of Robotic Things…
Process Automation (DPA) Software- A Market Worth Observing Growth | Nintex Plat …
The latest 94+ page survey report on Global Process Automation (DPA) Software Market is released by HTF MI covering various players of the industry selected from global geographies like North America, Europe, China, Japan, Southeast Asia, India & Central & South America. A perfect mix of quantitative & qualitative Market information highlighting developments, industry challenges that competitors are facing along with gaps and opportunity available and would trend in Process…
