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Industrial Internet of Things (IIoT) - Global Market Outlook (2018-2027)

Industrial Internet of Things (IIoT) - Global Market Outlook (2018-2027)

4.9 (94 reviews)
Published: April 2020 ID: SMRC19111
4.9 (94 reviews)
Published: April 2020 ID: SMRC19111

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Internet of Things (IIoT) market is accounted for $67.01 billion in 2018 and is expected to reach $144.35 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Some of the key factors such as growing use of cloud computing platforms, and decreased costs of automation systems are driving the growth of the market. However, lack of expert workforce is the restraining factor for the market.

Industrial Internet of Things (IoT) platforms allow industries to decrease cost through better process effectiveness, asset consumption, and enhanced productivity. It offers better results in terms of revenue, output, and production. It also has the potential to load the gaps in the effectiveness and presentation of any industrial procedure. It is a conception that alludes to the bridging of all the machines.

By device and technology, networking technologies segment is estimated to have a lucrative growth owing to widespread range of wireless communication technologies, are accessible based on power requirements, connectivity range, and data transfer rates. These technologies also allow the collection of huge volumes of data for better decision-making. To facilitate machine-to-machine communication numerous machines and sensor nodes are connected to the internet using these technologies.

On the basis of geography, Asia Pacific market is likely to have a huge demand due to the growing population, growing focus of international and domestic IT companies on the development of cloud-based services and large data analytics and also increasing savings for R&D activities.

Some of the key players in Industrial Internet of Things (IIoT) Market include Microsoft Corporation, Siemens AG, Rockwell Automation, Inc., Intel Corporation, International Business Machines Corporation (IBM), General Electric Company (GE), Cisco Systems, Inc, Atmel Corporation, ARM Holding Plc, ABB, Honeywell, Kuka, Texas Instruments, Dasault Systemes and Huawei.

Components Covered:
• Solution
• Services
• Networking Components
• Platform
• Hardware
• Battery Management
• Memory
• Transmitters
• Processors
• Robotics & Drones
• Sensors & Actuators
• Display & Monitors

Device & Technologies Covered:
• Cameras
• Condition Monitoring
• Distributed Control System (DCS)
• Electronic Shelf Label (ESL)
• Flow & Application Control Device
• Global Positioning System (GPS)/Global Navigation Satellite System (GNSS)
• Guidance & Steering
• Industrial Robotics
• Interface Board
• Networking Technology
• Radio Frequency Identification (RFID)
• Smart Beacon
• Smart Meters
• Yield Monitoring

Connectivities Covered:
• Wireless Technology
• Wired Technology
• Field Technology

Software’s Covered:
• Remote Patient Monitoring
• Distribution Management System
• Farm Management System
• Manufacturing Execution Systems (MES)
• Outage Management System (OMS)
• Product Lifecycle Management (PLM)
• Retail Management Software
• Supervisory Control And Data Acquisition (SCADA)
• Transit Management Systems
• Visualization Software
• Cloud Platforms
• Data Analytics & Visualization
• Middleware & APIs

End Users Covered:
• Agriculture and Forestry
• Energy
• Supply Chain Visibility
• Healthcare
• Logistics
• Manufacturing
• Oil & Gas
• Metal & Mining
• Point-Of-Sales (PoS)
• Transportation
• Power
• Utilities

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand       
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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