According to the assumption of MRFR or Market Research Future, the industrial IOT market size would reach USD 859.42 Billion at a rate of 20.11% CAGR in the course of the forecast period. The market research report covers revenue, trading volume, IIoT market size, value and these valuable data. The industrial internet of things market is predicted to grow at a rapid pace over the forecast period, thanks to advances in technology and the increasing availability of affordable sensors and processors that can provide real-time access to information.

IIoT is used across several industries such as energy/utilities, mining and metals, aviation, manufacturing, logistics, oil and gas, transportation, and various other industries. The IIOT opens abundant opportunities in automation, optimization, intelligent manufacturing and smart industry, industrial control, innovative ways of servicing customers, and creation of new revenue models as well. Leading organizations across the globe are indulging in the development of new operating models to create a connected enterprise for merging operational and information departments, which will trigger the growth of industrial internet of things (IIoT) market. Moreover, advantages offered by IIoT in manufacturing processes positively shapes the IIoT Market size. Apart from this, growing investments by various industries in smart technologies to improve operational efficiency also boost the market growth.

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IIoT Market Key Players 

The prominent players in the market of industrial IoT are – 

• General Electric (U.S.)
• Siemens AG (Germany)
• Accenture PLC (Ireland)
• Huawei Technologies CO. Ltd. (Japan)
• Robert Bosch GmbH (Germany)
• Intel Corporation (U.S.), and others. 

IIoT Market Segmetation

By Organization Size/ Deployment:

Based on organization size, the worldwide IoT market can be divided into

• Cloud 
• On-premises

By Components

On the basis of components the IoT industry can be classified into

• Services
• Software
• Hardware

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By Vertical/End-Users

On the basis of vertical, the IoT market industry can be classified into

• Public sector
• BFSI
• Healthcare
• Manufacturing 
• Government
• Others 

By Connectivity/ Application

Depending on connectivity, the global IoT market can be divided into

• Wi-Fi
• LAN
• Li-Fi
• ZigBee
• LaRa
• BLE
• Z-Wave
• RF
• Others

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By Region

• North Americaincludes the United States, Canada, and Mexico 
• Europeincludes Germany, France, UK, Italy, Spain 
• South Americaincludes Colombia, Argentina, Nigeria, and Chile 
• The Asia Pacificincludes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia

Key Questions Answered

• What is the size and CAGR of the global Industrial Internet of Things (IIoT) market?

• Which are the leading segments of the global Industrial Internet of Things (IIoT) market?

• What are the key driving factors of the most profitable regional market?

• What is the nature of competition in the global Industrial Internet of Things (IIoT) market?

• How will the global Industrial Internet of Things (IIoT) market advance in the coming years?

• What are the main strategies adopted in the global Industrial Internet of Things (IIoT) market?

Major Points from TOC:

• Global Industrial IOT Overview
• Executive Summary
• Production and Capacity by Region
• Production, Revenue, Price Trend by Type
• Key Players Analysis

Continued…

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