The global Industrial Internet of Things (IIoT) market, analyzes and researches the Industrial Internet of Things (IIoT) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. Learn details of the Current trends and future opportunities by 2022
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This industry research report presents a detailed segmentation of the global industrial Internet-of-Things (IIoT) market by geography and includes key regions like APAC, Europe, North America, and ROW. It also provides a detailed analysis of the key drivers, challenges, and upcoming trends that influence market growth.
Top vendors analyzed in this market study are Cisco, GE, IBM, Intel, Rockwell Automation, and RTI.
Internet-of-Things (IoT) provides objects with unique identification systems and can transfer data through a network without human interaction.
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the recent increase in data generation using IIoT is a significant factor that will spur growth in this market during the forecast period. Recently, it has been observed that many connected devices are used in industries to generate a high volume of data.
This data is then used by companies to optimize cost and generate revenue. Comprehensive market analysis carried out by the analysts at Technavio has shown that the global market for IIoT will grow at a CAGR of more than 7% during the forecast period.
Recent advances in sensor technology are one of the key drivers for the growth of this market. Advances in sensor technologies and innovations in material sciences have led to the proliferation of different types of sensors.
In recent times, it has been observed that the sensor technologies have advanced in terms of miniaturization, energy consumption, performance, and cost. In an industrial internet setup, sensors help to boost enterprise mobility, remote monitoring, and remote system control.
These benefits will result in significant cost savings, which in turn will spur their adoption during the estimated period.
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