Industrial Internet of Things (IIoT) Market Powered by China and India, Asia Pacific to Display Robust Growth

This report aims to provide a comprehensive strategic analysis of the global industrial Internet of Things (IIoT) market along with revenue and growth forecasts for the period from 2017 to 2025. With fast changing technology use in industries and rising adoption of this technology in various applications, the IIoT market is expected to experience high growth in the coming years. Some of the factors supporting the growth of the market worldwide include the emergence of big data analytics, increased technological investments in developing regions such as Asia Pacific, high demand from the healthcare sector and advent of industry specific IoT platforms in developed regions such as North America and Europe. The impact of these and other macro-micro economic factors has been analyzed while developing the market growth models.

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This report on the global industrial Internet of things market provides a detailed analysis of industrial connected machines and devices used for different applications by end-users depending upon their needs. The report offers an in-depth analysis of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry which are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the IIoT market growth. It provides the competitive landscape of key players in the industrial Internet of Things market in order to highlight the competition scenario. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.

The segments of the global industrial internet of things market based upon geography are North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Amongst all, in 2016, North America, driven by the U.S., led the overall market in terms of revenue. The region is expected to hold on to its lead position over the forecast period. The U.S. is a significant market for IIoT primarily due to the consistently rising demand for improved diagnostic facilities pushed by Big Data analytics. The increased spending on healthcare by the government is also driving the IIoT market in North America.

Vis-à-vis revenue, Europe is expected to hold a significant position in the market over the forecast period. Germany is expected to emerge as the most attractive domestic market in the region over the forecast period. The growth in Germany is fuelled by initiatives by the government to promote Industrie 4.0.

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Powered by China and India, Asia Pacific is also expected to display healthy growth rate over the forecast period. These countries are expected to be at the forefront of IIoT adoption on account of increasing investments in technology. India is expected to contribute substantially to the Asia Pacific IIoT market as the Indian government is pushing the ‘Digital India’ initiative.

Some of the major players in the global IIoT market include IBM Corporation, Intel Corporation, Schneider Electric SE, General Electric Company, Emerson Electric, ABB Ltd., Accenture plc, Tech Mahindra Ltd., Softweb Solutions Inc., and Sasken Technologies Ltd.

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