Global Industrial IoT Market Forecast to 2027
The core goal of the Industrial IoT Market report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Industrial IoT market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
The global Industrial IoT Market will be worth USD 128.09 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of the Industrial IoT solutions by industrialists and manufacturers. The growing need to improve productivity, enhance the workers' safety, and reduce the operating and manufacturing costs is expected to drive the growth of the Industrial IoT technologies over the forecast period. The rising need to reduce the risk of cyber and data breaches caused by human errors is most likely to fuel the demand for Industrial IoT technologies.
The growing need to reduce the shipping cost has resulted in the increased adoption of the Industrial IoT in the transportation Logistics industry. Moreover, automotive IoT is expected to be increasingly utilized by the transportation sector for predictive diagnostics and vehicle maintenance. Besides, the tracking of the real-time location of the vehicle for the management of public transportation is a key contributing factor to the increasing adoption of IoT technologies in the transportation sector. Technological advancements of the existing transportation, such as integration of vehicle-to-vehicle (V2V) communication, is expected to present lucrative opportunities in the future.
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Research Report on the Industrial IoT Market Addresses the Following Key Questions:
- Who are the dominant players of the Industrial IoT market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Industrial IoT market?
- What are the key growth drivers and restraining factors of the Industrial IoT market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Industrial IoT market and its key segments?
Market Overview:
The report bifurcates the Industrial IoT market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Services (Managed, Professional)
- Solution (Analytics, Remote Monitoring, Security Solutions, Data Management)
- Platform (Application Management, Connectivity Management, Device Management)
End-User Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Energy Power
- Healthcare
- Agriculture
- Manufacturing
- Oil Gas
- Logistics Transport
- Others
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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Regional Landscape section of the Industrial IoT report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial IoT market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
GE, Intel, Cisco, IBM, Siemens, Honeywell, Rockwell Automation, Texas Instruments, ABB, Kuka
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