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Global Industrial Internet Of Things (IIoT) Market Trends, Analysis, And Forecast To 2025
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Description

Industrial Internet of Things (IIoT) can be characterized as vast number of devices connected together by communications software and coordinating the actions for improving industrial performance. The resulting system and individual devices can monitor, analyze, exchange, collect, and rapidly perform on the information for intelligently changing the behavior or environment without any human intervention. The IIoT connects sensors and life-threatening manufacturing machinery of healthcare, transportation energy, and industrial control. Additionally, Industrial IoT operates as an infrastructure and firm base for IoT applications development in the industries to generate major efficiency gains and cost reductions. IIoT focuses on intelligent cyber-physical systems which are connected to computers for interpretation, analyses and instant decisions making from sensor data. Also, IIoT have wide applications in those industries where failure can be disastrous.

The need of global industrial IoT has been derived from collection and storage of all organizational data, prediction & detection of issues and opportunities, visualizing information even from remote location, and for decision making in organization. IIoT implementation in manufacturing units ensures product efficiency, operational costs reduction, process reliability, complete safety and regulatory compliances. The technology focuses on Return of Investment (RoI) made by the manufacturer or business by improving the productivity, protection and competence of the workload. IIoT are often implemented in industries devising life threatening or critical situations.. Industrial IoT have wide applications in high stakes industries such as aerospace, manufacturing, energy & defense.

Implementation of intelligent machines, global standardization of IPv6, cloud computing, and big data analysis are few factor spurring the global market. IIoT is facilitating global industries to reduce operating costs, enhance productivity, and develop worker safety. Industries are continuously establishing new products and services globally in order to disrupting own markets and generate fresh revenue streams by shifting from selling products to delivering measurable outcomes. However,  high initial capital investment and short term data storage authorization may hinder the marker growth.

Global Industrial IoT market has been segmented by components and by applications. On the basis of component, the market segment has been segregated as solution, platform, and services. The solution segment has been further divided into security solutions, data management, remote monitoring, analytics, and others. The services segment has been diverged as professional and managed services, while the platform segment has been classified into application management, connectivity management, and device management. Based on application, IIoT market is bifurcated as manufacturing, utilities, oil & gas, metals & mining, retail, healthcare, logistics & transport, and agriculture.  The manufacturing segment has been anticipated to emerge as the largest end-use segment over the forecast period. Global manufacturers are progressively accumulating sensors, wireless connectivity, and software to the products for communication across the network using IP connectivity.

North America region has been anticipated to hold the largest market share in the IIoT industry. Majority of the companies are based in the region and has been continuously witnessing the benefits of IIoT implementation. Additionally, growth can be attributed to the growing awareness concerning technological advancements and IoT adoption across the region. The Europe Industrial Internet of Things market has been poised for significant growth over the forecast period owing to recent adoption of policy actions taken by European Commission (EC). For instance, in March 2015, EC launched the Alliance for Internet of Things Innovation (AIOTI) for supporting the innovative European IoT ecosystem and formation of an IIoT industry.

Asia Pacific is expected to emerge as the fastest growing region over the forecast period owing to substantial adoption of advanced factory automation in the Far East region, particularly in China, Japan, and Taiwan. China is expected to emerge as the precision manufacturing hub over the forecast period owing to the implementation of “Made in China 2025” to prioritize the implementation of robot arm technology on the production line.

“Industrie 4.0” launched by German government has replace the traditional automation structures with partially self-organized & decentralized networks enabling mass customization. Though the platform is predominantly associated with manufacturing, adjacent verticals such as healthcare, smart cities, oil & gas, and utilities have also initiated to embrace “Industrie 4.0” technologies.

IIoT is a vibrant industry and is projected to witness substantial growth over the forecast period. Prominent players dominating the global market include International Business Machines Corporation (IBM), General Electric Company (GE), Siemens AG, Cisco Systems, Inc., and Intel Corporation. Other notable players are Microsoft Corporation, ABB Ltd., Atmel Corporation, Rockwell Automation Inc., and ARM Holding PLC

Table of Content

  1. EXECUTIVE SUMMARY
  2. RESEARCH METHODOLOGY
    1. Market Definition
    2. Market Scope
    3. Data Sources
  3. MARKET DYNAMICS
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. INDUSTRY OVERVIEW
    1. Value Chain Analysis
    2. Porter’s Five Forces Analysis
    3. Key Trends
  5. GLOBAL IIOT MARKET, BY COMPONENT (2017-2025)
    1. Global IIoT Market, by Solution
      1.  Global IIoT Market, by Security Solution
      2. Global IIoT Market, by Data Management
      3. Global IIoT Market, by Remote Monitoring
      4. Global IIoT Market, by Others
    2. Global IIoT Market, by Platform
      1. Global IIoT Market, by Application Management
      2. Global IIoT Market, by Connectivity Management
      3. Global IIoT Market, by Device Management
    3. Global IIoT Market, by Services
      1. Global IIoT Market, by Professional
      2. Global IIoT Market, by Managed Services
  6. GLOBAL IIOT MARKET, BY APPLICATION (2017-2025)
    1. Global IIoT Market, by Agriculture
    2. Global IIoT Market, by Metal & Mining
    3. Global IIoT Market, by Oil & Gas
    4. Global IIoT Market, by Retail
    5. Global IIoT Market, by Manufacturing
    6. Global IIoT Market, by Utilities
    7. Global IIoT Market, by Healthcare
    8. Global IIoT Market, by Logistics & Transport
  7. GLOBAL IIOT MARKET, BY REGION (2017-2025)
    1. North America IIoT Market
      1. North America IIoT Market, by Component
      2. North America IIoT Market, by Application
      3. North America IIoT Market, by Country
        1. U.S. IIoT Market
        2. Rest of North America IIoT Market
    2. Europe IIoT Market
      1. Europe IIoT Market, by Component
      2. Europe IIoT Market, by Application
      3. Europe IIoT Market, by Country
        1. France IIoT Market
        2. Germany IIoT Market
        3. U.K IIoT Market
        4. Rest of Europe IIoT Market
    3. Asia Pacific IIoT Market
      1. Asia Pacific IIoT Market, by Component
      2. Asia Pacific IIoT Market, by Application
      3. Asia-Pacific IIoT Market, by Country
        1. China IIoT Market
        2. Japan IIoT Market
        3. India IIoT Market
        4. Rest of Asia Pacific IIoT Market
    4. Middle East & Africa IIoT Market
      1. Middle East & Africa IIoT Market by Component
      2. Middle East & Africa IIoT Market by Application
      3. Middle East & Africa IIoT Market by Country
    5. Latin America IIoT Market
      1. Latin America IIoT Market, by Component
      2. Latin America IIoT Market, by Application
      3. Latin America IIoT Market, by Country
        1. Brazil IIoT Market
        2. Rest of Latin America IIoT Market
  8. MARKET COMPETITION ANALYSIS
    1. Market Share/Positioning Analysis
    2. Key Innovators
    3. Company Profiles
      1. ABB.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      2. ARM Holding plc.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      3. Atmel Corporation.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      4. Cisco Systems, Inc.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      5. General Electric Company (GE).
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      6. International Business Machines Corporation (IBM).
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      7. Intel Corporation.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      8. Microsoft Corporation.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      9. Rockwell Automation, Inc.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      10. Siemens AG.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments

 

Research Methodology

This research study involved the usage of extensive secondary sources; directories; databases such as Hoovers, Bloomberg Business, Factiva, and Avention; white papers; annual reports; company house documents; and SEC filings of companies. Secondary research was mainly used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the market. It was also used to obtain key information about the market classification and segmentation according to the industry trends, regional markets, and developments related to the market and technology perspectives. Primary sources were mainly several industry experts from core and related industries; and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry‘s value chain. In-depth interviews were conducted from various primary respondents which included key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure shows the market research methodology applied in making this report.



After the complete market engineering (which includes calculations for market statistics, market breakdown, market size estimation, market forecasting, and data triangulation), extensive primary research was conducted to gather information and to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types and key market dynamics such as drivers, restraints, and opportunities. 

In the complete market engineering process, both top-down and bottom-up approaches were extensively used along with several data triangulation methods to perform market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

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Press Releases

Industrial Internet Of Things (IIoT) Market - Innovative Technologies to Bolster Future Factories

Latest market study on “Industrial IoT Market – Global Analysis and Forecast”, the industrial IoT Market is projected to witness a significant growth attributed to its various applications by end-users depending upon their uses. This market report comprises of high understanding on the propelling factors of the market along with highlights of the key players in the market and their recent major strategies.

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.

Browse Report Detail @ https://www.xpodenceresearch.com/Reports/Industrial-Internet-of-Things-Market

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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