Learn details of the Analysis, 2025 Forecasts and In-Depth Study
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Industrial Internet of Things or more famously known as Industrial IoT (IIoT) is a network of sensors, physical devices and machines connected to each other on the internet and communicate with each other for efficient and effective automation. It helps in remote monitoring and controlling of industrial activities.
The machines communicate via sensors attached to them using an access network and they can be controlled remotely using various applications developed on a device for this purpose and generate data. Application of analytics to this data or information based on which intelligent decisions can be taken by experts in the organization has been the latest practice followed.
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Improved telecommunication infrastructure and access to high speed internet coupled with the usage of Big Data and advanced sensor technology have been the primary drivers for this market. The freedom of mobility and remote access, efficient results with reduced human interventions thereby time and cost savings are other factors which have propelled the organizations to adopt this technology.
The growing demand of IIoT applications in the manufacturing as well as retail industry is the most contributing factor for the growth of the global IIoT market.
Additionally, with further more improvement in internet connectivity and other wireless communication technologies such as Bluetooth, Wi-Fi and ZigBee, it is likely to be adopted in logistics and food & beverages industry. A substantial growth of global IIoT market is observed in gaming & entertainment industry, owing to the availability of technologically advanced devices with increased computational abilities, which can be specifically utilized in those applications.
The major limitations to the IIoT market are absence of efficient real-time analytics platforms and data security, filtration of the huge volume of data generated and high initial investments for sensor devices is another limiting factor for the global IIoT market
In terms of components, the global IIoT market has been segmented into sensors & embedded devices, connecting devices and user application interface devices. The IIoT market has been further segmented based on industry verticals, namely: manufacturing, retail, healthcare and logistics segments.
It is also segmented on the basis of geography into North America, Europe, APAC, Middle East & Africa and South America.
North America is the leader in global IIoT market due to huge technological advancements and substantial usage of IIoT technology and products. Europe, which has become a major automotive and aerospace hub globally, follows closely with North America with respect to the Industrial Internet of Things market thereby further strengthening the global IIoT market.
Additionally, developing markets in Asia-Pacific (APAC) are expected to drive the global IIoT market. Some of the key players working on the global IIoT market include General Electric, Cisco Inc., Intel Corporation, Rockwell Automation, Inc., ARM Holdings PLC, ABB Ltd, Siemens AG, Honeywell International, Inc., Dassault Systemes SA, Huawei Technology Co., Ltd., Zebra Technologies, IBM Corporation, and Robert Bosch GmbH among others.
Few Key Points from Table of Content
7 Industrial Internet of Things (IIoT) Market – Competitive Landscape
7.1 Global Industrial Internet of Things (IIoT) Market Sales Revenue (US$ Bn), 2014 – 2025
7.2 Industrial Internet of Things (IIoT) Market – Market Share Analysis of Market Positioning of Key Players, 2015
8 Global Industrial Internet of Things (IIoT) Market Revenue and Forecasts to 2025 – Components
8.1.1 Segment Share (%), 2015 & 2025
8.2 Sensors and Embedded Devices
8.3 Connecting Devices
8.4 User Application Interface Devices
9 Global Industrial Internet of Things (IIoT) Market Revenue and Forecasts to 2025 – Industry Verticals
9.1.1 Segment Share (%), 2015 & 2025
11 Global Industrial Internet of Things (IIoT) Market, Key Company Profiles Included Key Facts, Business Description, Financial Overview, SWOT Analysis and Key Developments
11.1 General Electric
11.2 Cisco, Inc.
11.3 Intel Corporation
11.4 Rockwell Automation, Inc.
11.5 ARM Holdings PLC
11.6 ABB Ltd.
11.7 Siemens AG
11.8 Honeywell International, Inc.
11.9 Dassault Systemes SA
11.10 Huawei Technology Co., Ltd
11.11 Zebra Technologies
11.12 IBM Corporation
11.13 Robert Bosch GmbH
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