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Market Snapshot

CAGR:7.8

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.8

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Report Overview

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The Industrial Internet of Things (IIoT) Market is projected to grow at a CAGR of 15.82% between 2022 and 2032. The market size is forecast to increase by USD 251,898.73 million during this period. The growth of the IIoT Market is driven by the increasing adoption of connected devices in industries, advancements in sensor technology, and the need for operational efficiency and automation.

Market Overview:

Drivers:

The IIoT Market is experiencing growth due to the transformation of industries through connected devices and data-driven insights. IIoT solutions enable real-time monitoring, predictive maintenance, and enhanced decision-making.

Moreover, the integration of AI and machine learning in IIoT applications is driving market demand. AI-powered analytics extract valuable insights from IIoT data, improving process optimization.

Trends:

The adoption of edge computing in IIoT networks is a prominent trend. Edge devices process data locally, reducing latency and improving responsiveness in critical applications.

Furthermore, the use of blockchain technology for secure data sharing and traceability in IIoT networks is influencing the market. Blockchain ensures data integrity and transparency in supply chains.

Restraints:

Challenges related to data privacy and security concerns in IIoT deployments can restrain market growth. Protecting sensitive industrial data from cyber threats is crucial.

Additionally, concerns about interoperability and standardization of IIoT devices and protocols can impact adoption. Standardized interfaces are necessary for seamless connectivity.

IIoT Market Segmentation by Component:

The Hardware segment is expected to witness significant growth during the forecast period. IIoT hardware includes sensors, actuators, gateways, and communication modules.

IIoT Market Segmentation by End-Use Industry:

The Manufacturing segment is anticipated to experience strong growth in the IIoT Market. IIoT solutions optimize manufacturing processes, improve quality, and enable predictive maintenance.

Regional Overview:

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North America is expected to lead the global IIoT Market, driven by the region's strong industrial base, adoption of smart manufacturing practices, and investment in digital transformation.

Moreover, Europe is projected to experience substantial growth as industries in the region embrace Industry 4.0 concepts and invest in connected technologies.

IIoT Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use IIoT solutions. It outlines customer requirements, such as remote monitoring, asset tracking, and energy management.

Major IIoT Market Companies:

Companies in the IIoT Market are adopting strategies such as partnerships, acquisitions, and development of industrial-specific solutions to strengthen their market position.

Sample companies in the IIoT Market include:

Siemens AG
General Electric Company
Cisco Systems, Inc.
IBM Corporation
Schneider Electric SE
Honeywell International Inc.
Rockwell Automation, Inc.
ABB Ltd.
Bosch Rexroth AG
Hitachi, Ltd.

Segment Overview:

The IIoT Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

Component Outlook (USD Million, 2019 - 2032)

Hardware
Software
Services

End-Use Industry Outlook (USD Million, 2019 - 2032)

Manufacturing
Energy & Utilities
Automotive
Healthcare
Agriculture
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Industrial Internet of Things (IIoT) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Industrial Internet of Things (IIoT) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Industrial Internet of Things (IIoT) Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Industrial Internet of Things (IIoT) MARKET BY type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Hardware

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Software

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Service

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Industrial Internet of Things (IIoT) MARKET BY industry INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Transportation

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Manufacturing

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Oil and Gas

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5 Utilities

6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Industrial Internet of Things (IIoT) MARKET REGIONAL OUTLOOK

7.1. Industrial Internet of Things (IIoT) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Industrial Internet of Things (IIoT) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Industrial Internet of Things (IIoT) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 General Electric Company

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Oracle Corporation

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Honeywell Automation

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 SAP SE

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Broadcom Corporation

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Industrial Internet Of Things Iiot Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032