Industrial Internet of Things (IIoT) Market Overview and Insights:
According to MarkNtel Advisors Report, the Global Industrial Internet of Things (IIOT) Market is estimated to grow at a CAGR of around 23.5% during the forecast period, i.e., 2023-28.
Industrial Internet of Things (IIoT) Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-2028
What are the major challenges facing the Industrial Internet of Things (IIoT) Market?
Interoperability & Standardization to Impede Market Growth: The IIoT ecosystem comprises numerous devices, protocols, and platforms from different manufacturers. Lack of interoperability & standardization can hinder seamless integration & data exchange between devices & systems. The development & adoption of common standards & protocols is necessary to enable interoperability & facilitate collaboration among different IIoT solutions.
Who are the Key Players Operating in the Industrial Internet of Things (IIoT) Industry?
The top companies of the Industrial Internet of Things (IIoT) market ruling the industry are:
- Cisco Systems, Inc.
- GE
- Honeywell
- Intel
- IBM
- ABB
- Telefonica
- Robert Bosch
- Rockwell Automation
- Siemens
- Accenture
- Capgemini
- Texas Instrument
- ARM Holding
- PTC
- HCL
- Maverick
- Others
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What is Included in Industrial Internet of Things (IIoT) Market Segmentation?
The report has segmented the market into the following categories:
By Components
- Hardware- Market Size & Forecast 2018-2028F, USD Million
- Sensors- Market Size & Forecast 2018-2028F, USD Million
- RFID- Market Size & Forecast 2018-2028F, USD Million
- Industrial Robotics- Market Size & Forecast 2018-2028F, USD Million
- Distributed Control Systems- Market Size & Forecast 2018-2028F, USD Million
- Condition Monitoring- Market Size & Forecast 2018-2028F, USD Million
- Smart Meters- Market Size & Forecast 2018-2028F, USD Million
- Electronic Shelf Labels- Market Size & Forecast 2018-2028F, USD Million
- Cameras- Market Size & Forecast 2018-2028F, USD Million
- Smart Beacons- Market Size & Forecast 2018-2028F, USD Million
- Interface Boards- Market Size & Forecast 2018-2028F, USD Million
- Yield Monitors- Market Size & Forecast 2018-2028F, USD Million
- Guidance and Steering- Market Size & Forecast 2018-2028F, USD Million
- Flow & Application Control Devices- Market Size & Forecast 2018-2028F, USD Million
- Networking Component- Market Size & Forecast 2018-2028F, USD Million
- Software & Services- Market Size & Forecast 2018-2028F, USD Million
The Hardware segment is predicted to capture a substantial market share due to the industrial sector's ongoing efforts to boost productivity, cut expenses, and raise Overall Equipment Effectiveness (OEE) by gaining greater access to information via real-time solutions. Also, numerous industrial verticles are adopting industrial IoT platforms widely to enhance operational efficiency along with the emerging requirement for superior monitoring technologies, supporting driving this segment's demand in the Global Industrial Internet of Things (IIOT) Market.
By Connectivity
- Wired Technologies- Market Size & Forecast 2018-2028F, USD Million
- Ethernet- Market Size & Forecast 2018-2028F, USD Million
- Modbus- Market Size & Forecast 2018-2028F, USD Million
- Profinet- Market Size & Forecast 2018-2028F, USD Million
- Foundation Field Bus- Market Size & Forecast 2018-2028F, USD Million
- Wireless Technologies- Market Size & Forecast 2018-2028F, USD Million
- Wi-Fi- Market Size & Forecast 2018-2028F, USD Million
- Zigbee- Market Size & Forecast 2018-2028F, USD Million
- Bluetooth- Market Size & Forecast 2018-2028F, USD Million
- Cellular Technologies- Market Size & Forecast 2018-2028F, USD Million
- Satellite Technologies- Market Size & Forecast 2018-2028F, USD Million
By Application
- Product Lifecycle Management- Market Size & Forecast 2018-2028F, USD Million
- Manufacturing and Executions Systems- Market Size & Forecast 2018-2028F, USD Million
- Supervisory Control and Data Acquisition (SCADA) - Market Size & Forecast 2018-2028F, USD Million
- Outage Management Systems- Market Size & Forecast 2018-2028F, USD Million
- Distribution Management Systems- Market Size & Forecast 2018-2028F, USD Million
- Remote Monitoring- Market Size & Forecast 2018-2028F, USD Million
- Retail Management- Market Size & Forecast 2018-2028F, USD Million
- Transit Management Systems- Market Size & Forecast 2018-2028F, USD Million
- Predictive Maintenance- Market Size & Forecast 2018-2028F, USD Million
- Others (Visualization Software, Farm Management, etc.) - Market Size & Forecast 2018-2028F, USD Million
By End Users
- Manufacturing- Market Size & Forecast 2018-2028F, USD Million
- Automotive- Market Size & Forecast 2018-2028F, USD Million
- Machinery- Market Size & Forecast 2018-2028F, USD Million
- Food & Beverages- Market Size & Forecast 2018-2028F, USD Million
- Chemicals and Materials- Market Size & Forecast 2018-2028F, USD Million
- Electrical and Electronics- Market Size & Forecast 2018-2028F, USD Million
- Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
- Energy- Market Size & Forecast 2018-2028F, USD Million
- Oil & Gas- Market Size & Forecast 2018-2028F, USD Million
- Metal & Mining- Market Size & Forecast 2018-2028F, USD Million
- Healthcare- Market Size & Forecast 2018-2028F, USD Million
- Retail- Market Size & Forecast 2018-2028F, USD Million
- Transportation- Market Size & Forecast 2018-2028F, USD Million
- Agriculture- Market Size & Forecast 2018-2028F, USD Million
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Industrial Internet of Things (IIoT) industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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