Industrial Internet of Things (IIoT) Market Analysis By Component (Solution, Services, Platform), By End-Use (Manufacturing, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Agriculture), Industry Trends, Estimation & Forecast, 2017 - 2025
This report studies Industrial Internet of Things (IIoT) in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025.
Industrial internet of things (IIoT) is a part of internet of things (IoT). The utilization of IoT for industrial applications is referred as IIOT. IIoT incorporates machine learning, big data technology, harnessing the sensor data, machine-to-machine (M2M) communication and automation technologies, in order to improve operational efficiency, accuracy and optimum resource utilization. According to General Electric, a major market player, 46% percentage of the global economy can be benefited from the usage of IIOT.
Industrial IoT Market Determinants
Technological progressions in electronics and semiconductor industry is a key element driving the global IIoT market for growth. Further, growing adoption of cloud computing and reduced cost of automation deployment are also expected to boost the market. Accenture estimates that the IIoT could add $14.2 trillion to the global economy by 2030. However, lack of standardization and security & privacy of data might hinder the market growth. Predictive maintenance is expected to offer lucrative opportunities for the market.
Energy production is one of the key segments of this market and expected to grow with a healthy growth rate in the upcoming years. Honeywell and Aereon have collaborated to Leverage Industrial Internet of Things (IIoT) for Oil and Gas sector, in January 2017.
Collaboration has emerged out as a key strategy, adopted by market leaders to establish a strong foothold within the market. Key players across the world are collaborating with other market leaders to provide exclusive IIoT solutions to the end users. The market is having a stiff competition and would experience many mergers and acquisitions in the near future. For instance, Altizon announced a partnership with SNic, a leading global channel partner for Rockwell & Siemens, for provision of real-time data and enhancement of accuracy within manufacturing industry.
IIoT Market Segmentation
o Robotic System
o Connectivity Devices
o IoT Platforms
o Embedded Software
o Managed Services
o Professional Service
By End User
• Oil & Gas
• Energy Production
• North America
• Rest of the World
Table of Content
• Cisco Systems, Inc.
• Dassault Systèmes
• General Electric
• Honeywell International Inc.
• Huawei Technology Co., Ltd.
• IBM Corporation
• Intel Corporation
• Robert Bosch GmbH
• Rockwell Automation, Inc.
• Siemens AG
• Texas Instruments Inc.
What Information does this report contain?
• What was the market size of the industrial iot market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the industrial iot market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
You may also like
Video Conferencing Market by Component (Hardware, Software, and Services); By Deployment (On-Premises, Cloud); By End-Use (Corporate, Education, Healthcare, Government & Defense, BFSI, Media & Entertainment, and Others); By Geography (North America, Asia-Pacific, Europe, South America, and RoW), Industry Trends, Estimation & Forecast, 2018 – 2026