Global industrial internet of things (IIoT) market expected to reach approximately USD 232.15 Billion by 2023, growing at a CAGR of around 8.06% between 2018 and 2023. The IoT alludes to the system or systems encompassing the utilization of standard Internet Protocol (IP) technologies to connect people, processes, and things to empower new cyber-physical systems.
The report covers forecast and analysis for the industrial internet of things (IIoT) market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2023 based on revenue (USD Billion). The study includes drivers and restraints for the industrial internet of things (IIoT) market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial internet of things (IIoT) market on a global level.
In order to give the users of this report a comprehensive view on the industrial internet of things (IIoT) market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the industrial internet of things (IIoT) market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
Industrial internet of things (IIoT) market is segmented based on component, software, vertical, and region. The component segment included in this market are sensors, industrial robotics, a distributed control system (DCS), condition monitoring, camera systems, smart meters, and others. Software segment includes product lifecycle management (PLM) systems, manufacturing execution system (MES), SCADA systems, distribution management system, and others. The vertical segment includes manufacturing, utilities, oil & gas, metals & mining, retail, healthcare, transportation & logistics, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global industrial internet of things (IIoT) market. Key players profiled in this report include ARM Ltd., Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., ABB, Texas Instruments Inc., Dassault Systems, Honeywell International Inc., and Huawei Technology Co., Ltd.
The report segments industrial internet of things (IIoT) into:
Global Industrial Internet of Things (IIoT) Market: Component Segment Analysis
Global Industrial Internet of Things (IIoT) Market: Software Segment Analysis
Global Industrial Internet of Things (IIoT) Market: Vertical Segment Analysis
Global Industrial Internet of Things (IIoT) Market: Regional Segment Analysis
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