Global Industrial Internet Of Things (IIoT) Market – Industry Analysis

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Global Industrial Internet of Things (IIoT) Market – Industry Analysis

Global Industrial Internet of Things Market (IIoT) was valued US$ 95.5 Bn in 2019 and expected to reach US$ XX Bn In 2026, at CAGR of XX % during forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Industrial Internet of Things Market

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Major factors driving the growth of IIoT market include technological advancements in semiconductor and electronics devices, availability of automation solutions, improved data rates, and coverage of communication technologies, increasing use of cloud computing platform, growing adoption of IPv6, and support from governments worldwide moving to the adoption of IIoT solutions. An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place, The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth.

At the same time, lack of compatibility between the many technologies functioning in the IoT environment is limiting the growth of market. The technology is mainly a union of data processing, industrial equipment, networking infrastructure, sensor technologies, and software solutions for data management and writing, lack of a defined protocol or standardization and use of old equipment. Security-related concerns, associated with big data, Poor internet architecture and lack of skilled labours are also expected to limit the market growth.

Due to the introduction of new approaches and technologies, such as smart factories, cyber-physical systems, and intelligent robotics, Germany, UK, France, US, China, and India have taken several initiatives for encouraging manufacturers to increase their investments for the implementation of IIoT solutions. The manufacturing vertical is expected to hold the largest share of the IIoT market in 2020. However, the market for the agriculture vertical is expected to grow at the highest CAGR during the forecast period.

Businesses across the globe are seeking new operating models to create a connected enterprise for merging operational and information departments of the industry. This transformation is predicted to increase the overall productivity, enhance operational efficiency, improve visibility, and reduce the complexities of different processes in the industry.

The IIoT is not just expected to improve operational efficiencies but also to create new economic opportunities and reshape various industries, thus leading to IoT-enabled digital transformation of companies across the several IIoT industries and even to the reforming of countries.

Healthcare industry in industrial IoT market is expected to grow at a high rate during the forecast period. Solutions can completely change the healthcare industry through remote monitoring of critical patients. Data collected through remote monitoring can be used for providing improved diagnostics and patient care. Availability of healthcare services and treatments can be enabled through intelligent and complete monitoring systems, boosting the industrial IoT market. Several companies have started providing integrated solutions by using Industrial IoT technology in the healthcare industry.

The IIoT market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is a major manufacturing hub, it is also emerging as an important hub for the metals and mining vertical.
Infrastructural and industrial developments in emerging economies such as China and India are contributing to the growth of the IIoT market in this region. However, North America is expected to hold the largest share of the IIoT market in 2018. The IIoT market is booming due to various initiatives undertaken to encourage its development and implementation by large enterprises and governments in this region. Also, there has been important investments in the R&D of IoT solutions. These factors are contributing to the growth of the market in North America.

ARM, Cisco, GE, Intel , Rockwell Automation, ABB, Texas Instruments, Honeywell, Huawei Technologies, IBM, Kuka, NEC Corporation, Bosch, and PTC., AT&T, , Qualcomm, Accenture, Amazon, Atos, Broadcom, Infosys, Google, Microsoft, National Instruments, Siemens, Tech Mahinda, Tata Consultancy Services, Unisys, Verizon, Zebra Technologies, ZTE, CGI Group Inc., Freescale Semiconductor Inc., GainSpan Corporation, Atmel Corporation, Axeda Corporation, Oracle Corporation, Real Time Innovations, Robert Bosch GmbH, Omron Corporation, Datalogic Holding Inc., Emerson Electric Co., SAP SE, Dassault Systmes.

The objective of the report is to present comprehensive Global Industrial Internet of Things Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Industrial Internet of Things Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Industrial Internet of Things Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Internet of Things Market North America for Asia Pacific make the report investor’s guide.

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Scope of Global Industrial Internet of Things Market (IIoT): Inquire before Buying

Global Industrial Internet of Things Market (IIoT) by Device & Technology:

• Sensor
• RFID
• Industrial Robotics
• Distributed Control System
• Condition Monitoring
• Smart Meter
• Smart Beacon
• Yield Monitoring
• Electronic Shelf Label
• Camera
• Guidance & Steering
• GPS/GNSS
• Interface Board
• Flow & Application Control Device
• Networking Technology
Global Industrial Internet of Things Market (IIoT) by Software:

• PLM
• MES
• SCADA
• Outage Management System
• Distribution Management System
• Visualization Software
• Transit Management System
• Remote Patient Monitoring
• Farm Management System
Global Industrial Internet of Things Market (IIoT) by Vertical:

• Manufacturing
• Energy
• Oil &Gas
• Metal & Mining
• Healthcare
• Retail
• Transportation
• Agriculture
Global Industrial Internet of Things Market (IIoT) by component:

• Hardware
• Software
• Services
• Connectivity
Global Industrial Internet of Things Market (IIoT) by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key players operated in Global Industrial Internet of Things Market (IIoT):

• ARM
• Cisco
• GE
• Intel
• Rockwell Automation
• ABB
• Texas Instruments.
• Honeywell
• Huawei Technologies
• IBM
• Kuka
• NEC Corporation
• Bosch
• PTC.
• AT&T
• Qualcomm
• Accenture
• Amazon
• Atos
• Broadcom
• Infosys
• Google
• Microsoft
• National Instruments
• Siemens
• Tech Mahinda
• Tata Consultancy Services
• Unisys
• Verizon
• Zebra Technologies
• ZTE
• CGI Group Inc.
• Freescale Semiconductor Inc.
• GainSpan Corporation
• Atmel Corporation
• Axeda Corporation
• Oracle Corporation
• Real Time Innovations
• Robert Bosch GmbH
• Omron Corporation
• Datalogic Holding Inc.
• Emerson Electric Co.
• SAP SE
• Dassault Systmes

This Report Is Submitted By :Maximize Market Research Company

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