The global Industrial Internet of Things (IIoT) market,size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030.
Market Overview:
This study aims to comprehensively analyze the Industrial Internet of Things (IIoT) market based on its components, applications, industries, and geographical regions. Detailed insights into the primary growth drivers influencing the Industrial Internet of Things (IIoT) market are provided, along with an extensive analysis of its value chain.
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Market Scope:
The research methodology employed to evaluate and forecast the Industrial Internet of Things (IIoT) market involves initial secondary research using sources that gather revenue data from key suppliers. Vendor offerings are also taken into account during market segmentation. The total size of the Industrial Internet of Things (IIoT) market is determined using a bottom-up approach, considering the revenues of major enterprises.
Drivers:
Driving the growth of the IIoT market are significant technological advancements. Among these advancements, affordable processors and sensors capable of delivering real-time data stand out as pivotal. These components have become more accessible and cost-effective, enabling businesses of all sizes to adopt IIoT solutions. Affordable processors enable the development of robust computing devices capable of managing the vast volumes of data generated by industrial equipment and sensors. This capability allows for real-time data processing and analysis, furnishing insights crucial for improving operational efficiency, detecting potential issues, and making well-informed decisions.
Segmentation:
by Software
PLM
MES
SCADA
Outage Management System
Distribution Management System
Visualization Software
Transit Management System
Remote Patient Monitoring
Farm Management System
by Vertical
Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture
by Component
Hardware
Software
Services
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Key Players:
Industrial Internet of Things (IIoT) Providers in North America
1. Cisco – United States
2. GE (General Electric) – United States
3. Intel – United States
4. Rockwell Automation – United States
5. Texas Instruments – United States
6. Honeywell – United States
7. IBM (International Business Machines Corporation) – United States
8. PTC – United States
9. AT&T – United States
10. Qualcomm – United States
11. Accenture – United States
12. Amazon – United States
Industrial Internet of Things (IIoT) Providers in Europe
13. ABB – Switzerland
14. Bosch – Germany
15. Atos – France
16. Kuka – Germany
Industrial Internet of Things (IIoT) Providers in Asia-Pacific:
17. Huawei Technologies – China
18. NEC Corporation – Japan
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Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are analyzed separately. Competitive strengths are evaluated, and individual competitive analyses are conducted for each competitor by analysts at Maximize.
COVID-19 Impact Analysis on Industrial Internet of Things (IIoT) Market:
The COVID-19 pandemic has affected various industries including aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. The impact of COVID-19 on the Industrial Internet of Things (IIoT) market and its growth rate during 2019-2020 is significant. Timely insights and analysis on mitigating risks and digitizing operations to provide trusted information and insights to CEOs are crucial for businesses and organizations navigating through the COVID-19 crisis.
Key Questions Answered in the Industrial Internet of Things (IIoT) Market Report:
• Which segment dominated the Industrial Internet of Things (IIoT) market?
• How was the competitive landscape of the Industrial Internet of Things (IIoT) market in 2020?
• What are the key factors driving the growth of the Industrial Internet of Things (IIoT) market?
• Which region held the largest share in the Industrial Internet of Things (IIoT) market in 2020?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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