Comprehensive Research Report on Global Industrial Internet of Things Market Analysis, Growth Forecast 2023-2028
According to MarkNtel Advisors study the Global Industrial Internet of Things Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2023–2028 projection period.
The Global Industrial Internet of Things (IIOT) Market is estimated to grow at a CAGR of around 23.5% during the forecast period, i.e., 2023-28.
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Industrial Internet of Things Market Key Driver
Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry to Drive the Market Growth –
The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.
Competitive Landscape & Segmentation Analysis:
In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Industrial Internet of Things market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- Cisco Systems
- GE
- Honeywell
- Intel
- IBM
- ABB
- Telefonica
- Robert Bosch
- Rockwell Automation
- Siemens
- Accenture
- Capgemini
- Texas Instrument
- ARM Holding
- PTC
- HCL
- Maverick
- Others
By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket’s unique growth trajectory and market share.
By Components
-Hardware- Market Size & Forecast 2018-2028F, USD Million
-Sensors- Market Size & Forecast 2018-2028F, USD Million
-RFID- Market Size & Forecast 2018-2028F, USD Million
-Industrial Robotics- Market Size & Forecast 2018-2028F, USD Million
-Distributed Control Systems- Market Size & Forecast 2018-2028F, USD Million
-Condition Monitoring- Market Size & Forecast 2018-2028F, USD Million
-Smart Meters- Market Size & Forecast 2018-2028F, USD Million
-Electronic Shelf Labels- Market Size & Forecast 2018-2028F, USD Million
-Cameras- Market Size & Forecast 2018-2028F, USD Million
-Smart Beacons- Market Size & Forecast 2018-2028F, USD Million
-Interface Boards- Market Size & Forecast 2018-2028F, USD Million
-Yield Monitors- Market Size & Forecast 2018-2028F, USD Million
-Guidance and Steering- Market Size & Forecast 2018-2028F, USD Million
-Flow & Application Control Devices- Market Size & Forecast 2018-2028F, USD Million
-Networking Component- Market Size & Forecast 2018-2028F, USD Million
-Software & Services- Market Size & Forecast 2018-2028F, USD Million
By Connectivity
-Wired Technologies- Market Size & Forecast 2018-2028F, USD Million
-Ethernet- Market Size & Forecast 2018-2028F, USD Million
-Modbus- Market Size & Forecast 2018-2028F, USD Million
-Profinet- Market Size & Forecast 2018-2028F, USD Million
-Foundation Field Bus- Market Size & Forecast 2018-2028F, USD Million
-Wireless Technologies- Market Size & Forecast 2018-2028F, USD Million
-Wi-Fi- Market Size & Forecast 2018-2028F, USD Million
-Zigbee- Market Size & Forecast 2018-2028F, USD Million
-Bluetooth- Market Size & Forecast 2018-2028F, USD Million
-Cellular Technologies- Market Size & Forecast 2018-2028F, USD Million
-Satellite Technologies- Market Size & Forecast 2018-2028F, USD Million
By Application
-Product Lifecycle Management- Market Size & Forecast 2018-2028F, USD Million
-Manufacturing and Executions Systems- Market Size & Forecast 2018-2028F, USD Million
-Supervisory Control and Data Acquisition (SCADA) – Market Size & Forecast 2018-2028F, USD Million
-Outage Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Distribution Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Remote Monitoring- Market Size & Forecast 2018-2028F, USD Million
-Retail Management- Market Size & Forecast 2018-2028F, USD Million
-Transit Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Predictive Maintenance- Market Size & Forecast 2018-2028F, USD Million
-Others
By End Users
-Manufacturing- Market Size & Forecast 2018-2028F, USD Million
-Automotive- Market Size & Forecast 2018-2028F, USD Million
-Machinery- Market Size & Forecast 2018-2028F, USD Million
-Food & Beverages- Market Size & Forecast 2018-2028F, USD Million
-Chemicals and Materials- Market Size & Forecast 2018-2028F, USD Million
-Electrical and Electronics- Market Size & Forecast 2018-2028F, USD Million
-Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
-Energy- Market Size & Forecast 2018-2028F, USD Million
-Oil & Gas- Market Size & Forecast 2018-2028F, USD Million
-Metal & Mining- Market Size & Forecast 2018-2028F, USD Million
-Healthcare- Market Size & Forecast 2018-2028F, USD Million
-Retail- Market Size & Forecast 2018-2028F, USD Million
-Transportation- Market Size & Forecast 2018-2028F, USD Million
-Agriculture- Market Size & Forecast 2018-2028F, USD Million
Geographically, the Global Industrial Internet of Things extends across the following regions:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Industrial Internet of Things market analysis from 2023 to 2028.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
- A comprehensive examination of the Industrial Internet of Things market segmentation aids in identifying the dominant market opportunities.
- The major countries in each area are shown in relation to the revenue they generate for the global market.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for Industrial Internet of Things industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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