IIoT Platform Market is anticipated to grow from 6.89 billion in 2022 to 20.78 billion by 2030.
The global IIoT platform market is anticipated to grow from 6.89 billion in 2022 to 20.78 billion by 2030. The Industrial Internet of Things (IIoT) is a platform that collects and analyses data from hardware and software systems and aggregates it into a centralized environment to be accessed by a wide group of users. IIoT devices include sensors, computers, and machines for application management in manufacturing, agriculture, energy and power and other industry verticals. The global IIoT platform market is segmented on the basis of setup type, implementation model, by Industry, and by geography. Growing demands from the utility and mission-critical systems companies to manage outages and or identify heavy demand for electricity grids and nuclear plants is anticipated to propel the growth of the global IIoT platform market.
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Segmentation:
On the basis of setup type, the global IIoT Platform market is segmented into platform- application management, connectivity and network management, device management, services- professional services, consulting and training, system design and implementation, support and maintenance, IoT device optimization, managed services, and others. The platform application management segment is anticipated to witness a fastest growth owing to a rising deployment of application platforms in industries.
On the basis of implementation model, the global IIoT Platform market is segmented into assets management, supply chain and management, business process optimization, workforce management, automation control, emergency and incident management, and others.
On the basis of industry, the global IIoT Platform market is segmented into process industry- energy and utilities, chemical and materials, food and beverages, others.
Geography:
On the basis of region, the global IIoT Platform market is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. North America is projected to capture a substantial revenue share in the global IIoT Platform market over 2022-2030. The growth is attributable to the existence of multiple tech giants and the early adoption of the new technology in regions of US, Canada, and Mexico.
Company Profiles:
The key market players in the global IIoT platform market are SOFTWARE AG, SIEMENS AG, PTC, IBM Corporation, Oracle Corporation, Cisco Systems Inc., Hitachi Ltd., Microsoft Corporation, SAP SE, Intel Corporation, ATOS, AMAZON WEB SERVICES (AWS), BOSCH.IO, SCHNEIDER ELECTRIC, DAVRA, EUROTECH, and others.
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
- What is the breakup of the Market based on the price range?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
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