Industrial IoT (IIoT) Market Growth, Scope, Size, Share, and 2032 Forecast
The Industrial IoT (IIoT) Market was valued at USD 124.49 billion in 2023 and is expected to reach USD 499.30 billion by 2032, growing at a CAGR of 16.74% over the forecast period 2024-2032.
The research focuses on both the key market growth factors and the challenges that industry participant’s encounter. The global market size and projections are also included in the Industrial IoT (IIoT) Market research study. The study also looks at the competitive environment, key players, and strategies. The competitive landscape portion of the research examines the most recent market changes. The international market is examined in terms of product type, end user, and major geographical areas in this research report.
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Industrial IoT (IIoT) Market Key Players:
- Siemens (MindSphere, Industrial Edge)
- GE Digital (Predix, Proficy)
- Honeywell (Sentience, Connected Plant)
- Schneider Electric (EcoStruxure, Modicon PLC)
- Rockwell Automation (FactoryTalk, Allen-Bradley)
- Cisco Systems (IoT Operations Platform, IoT Network Infrastructure)
- IBM (Watson IoT, Maximo)
- Microsoft (Azure IoT, Dynamics 365)
- Bosch (Bosch IoT Suite, Connected Industry)
- Intel (Intel IoT Platform, Edge Insights)
- Qualcomm (IoT Connectivity Solutions, Snapdragon IoT)
- ABB (ABB Ability, Smart Sensor)
- PTC (ThingWorx, Vuforia)
- Dell Technologies (Edge Gateway, Dell IoT Solutions)
- Amazon Web Services (AWS) (AWS IoT Core, AWS Greengrass)
- Honeywell (Connected Logistics, Industrial Cybersecurity)
- Oracle (Oracle IoT Cloud, Oracle Autonomous Database)
- Hitachi Vantara (Lumada IoT, Smart Spaces)
- SAP (SAP Leonardo, SAP IoT)
- Moxa (IoT Gateways, Moxa Edge Computing Solutions)
The most recent Industrial IoT (IIoT) Market report provides comprehensive information on global business, industry trends, and key figures in the industry for leading manufacturers. The report includes expert advice to help clients focus and make better distribution policy decisions. This research paper examines the key drivers and significant trends in the global industry. The study estimated the industry's scale based on the characteristics of the industry leaders.
Market Segmentation
By Component
- Hardware
- Software
- Service
By Deployment
- On-Cloud
- On-Premise
By Connectivity
- Wired
- Wireless
By Industry Vertical
- BFSI
- Consumer Goods & Retail
- Healthcare
- IT and Telecom
- Manufacturing & Automotive
- Others
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COVID-19 Impact Analysis
This study looks at the impact of the Covid-19 outbreak on the Industrial IoT (IIoT) Market, including a supply chain analysis, an impact evaluation of the growth rate of the market size of drug of abuse testing services in various scenarios, and activities taken in response to a COVID-19 outbreak.
Regional Scenario
The study looked at regions such as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. At the country level, certain regions are looked into deeper. The research contains a type, application, and region analysis based on market size, growth rate, and appeal in terms of current and future potential to better understand the future growth of the Industrial IoT (IIoT) Market. The analysis is presented in a visually pleasing manner.
Key Objective of the Industrial IoT (IIoT) Market Report
- Focus on players in order to define, describe, and analyze value, market share, competitive environment, SWOT analyses, and future growth plans.
- An examination of the market in terms of individual growth trends, future prospects, and overall market contribution.
- Disseminating accurate data on the primary market growth drivers (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Observing changes in the competition, including as acquisitions, contracts, new product launches, and market expansions.
Report Conclusion
The Industrial IoT (IIoT) Market research covers all of the essential dynamics that are important from the standpoint of market participants and other stakeholders. The data and statistics presented in the paper are 100% accurate and well-researched. The research will help market participants develop future plans to strengthen their market positioning and get a competitive advantage over their competitors.
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