New York – Global Industrial Internet of Things (IoT) Market 2023-2027. The analyst has been monitoring the industrial internet of things (IoT) market and is forecast to grow by $123.98 bn during 2022-2027, accelerating at a CAGR of 12.23% during the forecast period.
Report on the industrial internet of things (IoT) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in industrial automation, growing importance of data-driven business outcomes in the industrial sector, and increasing focus on providing end-to-end services.
The industrial internet of things (IoT) market is segmented as below:
By End-user
• Manufacturing
• Automotive and transportation
• Energy and utilities
• Healthcare
• Others
By Component
• Hardware
• Software
• Services
By Geography
• APAC
• North America
• Europe
• South America
• Middle East and Africa
This study identifies the evolution of global device managers as one of the prime reasons driving the industrial internet of things (IoT) market growth during the next few years. Also, blockchain and IoT and leveraging manufacturing data for predictive maintenance will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial internet of things (IoT) market covers the following areas:
• Industrial internet of things (IoT) market sizing
• Industrial internet of things (IoT) market forecast
• Industrial internet of things (IoT) market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial internet of things (IoT) market vendors that include ABB Ltd., Advantech Co. Ltd., Arm Ltd., Dassault Systemes SE, General Electric Co., Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., KUKA AG, Microsoft Corp., NEC Corp., Qualcomm Inc., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Texas Instruments Inc., Yokogawa Electric Corp., and Cisco Systems Inc. Also, the industrial internet of things (IoT) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Source: ReportLinker
