openPR Logo
Press release

Industrial Internet of Things Market Benefits from Digitalization of Industrial Systems

Industrial Internet of Things Market Benefits from

The buzz around IIoT is grabbing headlines for all the right reasons as IIoT promises to improve multiple aspects in a typical industrial set up at minimal expenses with maximum results. The crucial factors behind the adoption of IIoT among manufacturers and industries are discussed at length in a research report featured on Marketresaerchreports.biz. The report is titled “Global Industrial IoT Market: Size, Trends & Forecasts (2017-2021).”

Industrial Internet of Things (IIoT) applications have significantly influenced industrial processes and are considered instrumental in the ‘Industry 4.0 revolution’ which represents the fourth industrial revolution in the manufacturing industry. The idea driving IIoT is that smart machines are better than humans for accurate, consistent capturing, and communication of data. Companies can use this data to identify inefficiencies and process loopholes sooner, thereby saving time and money and support business intelligence efforts. Industrial Internet of Things (IIoT) especially for manufacturing helps in quality control, supply chain traceability, sustainable and green practices, and overall supply chain efficiency.

IIoT is much more advanced than commercial IoT, mainly because of connected sensors in an industrial setup. Hundreds and thousands of connected wired and wireless, level, pressure, temperature, flow, vibration, position, analytical, acoustic, and other sensors are installed and are operational in the industrial sector, and many more are added annually for betterment of reports, monitoring, and optimization capabilities.

For Sample Copy, click here: https://www.marketresearchreports.biz/sample/sample/1374820

The report on industrial IoT market has been prepared after extensive research. The primary research phase primarily involved data collection, surveys, interviews, and observational pursuits, whereas the secondary research phase involved reaching out industry-best databases and reputable paid sources. This was followed by data scrutiny to present verifiable projections. The report includes a separate reports of micro and macro indicators and mandates that companies in the industrial IoT space need to adhere to.

According to the report, the global industrial IoT market is predicted to expand at a notable growth rate over the forecast period from 2017 to 2021. Surging demand for cobot, rise of LPWA network technology, rising application and security spending, rising IoT platform, and decreasing average prices of IC sensors, and booming economic growth are some of the key factors driving the global IoT market. On the other hand, factors challenging the market’s growth include complexity in implementation, concerns of data breach, lack of skills, and intricacy in data management, and intricacy in data management. Nevertheless, adoption of 5G New Radio, smart dust, technology, cloud robotics, intelligent factories, and virtual simulation of products are likely to open lucrative avenues for the industrial IoT market.

The report segments the industrial IoT market into manufacturing, automotive and transportation, energy and utilities, and healthcare based on application. In terms of geography, the industrial IoT market is segmented into EMEA, APAC, Germany, and China in this report.

Leading companies in the industrial IoT market include Intel Corporation, Cisco Systems Inc., General Electric, and Honeywell International Inc. Each of the companies is profiled for their business overview, financial standing, and business strategy.

MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

To order report Call Toll Free: 866-997-4948 or send an email on sales@marketresearchreports.biz

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 Industrial Internet of Things Market Benefits from Digitalization of Industrial Systems here

News-ID: 952972 • Views:

More Releases from MarketResearchReports.biz

Hydro-flyers Market: Moving Towards a Brighter Future
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in
Outdoor Floodlights: Technology and Market Dynamics
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume
Snow Helmets Market Future Prospects and Regional Outlook
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is

All 5 Releases


More Releases for IoT

IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet
IoT Healthcare Market - Revolution in Healthcare with IOT & IoT has the Potentia …
In this report, the Internet of Things (IoT) Healthcare market was valued at USD 28.42 Billion in 2015, and is projected to reach USD 337.41 billion by 2025, growing at a CAGR of 28.2% over the forecast period. "Internet of Things (IoT) Healthcare Market", published by Xpodence Research, provides extensive insight and analysis of the Internet of Things (IoT) Healthcare market over the next eight years (2015-2025) and acts as a
Narrowband IoT (NB-IoT) Chipset Market - Product Drawbacks 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2879 Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various
Narrowband IoT (NB-IoT) Chipset Market Rapidly expanding 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes