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Industrial Internet Of Things (IIoT) Market - Innovative Technologies to Bolster Future Factories
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Global industrial Internet of Things market is bifurcated into component, end-user and geography. on the basis of component, the market is segmented into solution, services, and platform. The solution includes remote monitoring, analytics, data management, security solutions and others. The Services segment is categorized into managed and professional. Based on platform, the market is being bifurcated into connectivity management, application management and device management. On the basis of end-user, the market is categorized into manufacturing, healthcare, oil & gas, Energy & Power, logistics & transport and agriculture. The major factors that are anticipated to drive the indutrial internet of things market are the technological advancements taking place in semicondutor and electronics devices, rise in the useage of cloud computing platform and fall of cost of automation systems. Geographically, the industrial Internet of things market has been bifrucated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The surging demand for technological advancements and innovations to improve operational efficiencies primarily drives the industrial IoT market. The technology is anticipated to reshape several industries by generating various financial opportunities. Countries and companies are likely to be transformed showing competitiveness and financial growth. In the coming years, companies would benefit though Industrial IoT by seeing the technology as a tool to find evolution in unexplored applications.
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The technological progression in the semiconductor and electronics devices in the Industrial Internet of Things is anticipated to drive the APAC market for Industrial Internet of Things in the future years. The major companies that provide Industrial Internet of Things include Cisco Systems, Inc., Rockwell Automation, Inc., ARM Ltd, General Electric, Intel Corporation, ABB, Huawei Technology Co., Ltd, Dassault Systemes, Texas Instruments, Kuka AG, International Business Machines Corporation, NEC Corporation, Siemens AG, and Robert Bosch GmbH.
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