Industrial IOT (IIoT) Market Research Report - Forecast to 2030

Industrial Internet of Things (IIoT) Market, By Component (Hardware, Solution & Service), By Deployment (On-Cloud, On-Premise), By Connectivity (Wired and Wireless), By End-User (IT & Telecom, Manufacturing, Healthcare, Retail, Oil &Gas, Automotive and Others) - Forecast 2030

ID: MRFR/ICT/1593-CR | February 2020 | Region: Global | 100 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 List of Assumptions

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Rising Adoption of Cloud Computing in the Industrial Sector

4.2.2 Growth in IoT

4.2.3 Heavy Automation and Industrialization

4.3 Restraint

4.3.1 Security & Privacy Issues

4.3.2 Data Management

5 Market Factor Analysis

5.1 Supply Chain Analysis

5.2 Porter’s Five Forces Model

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Suppliers

5.2.3 Bargaining Power of Buyers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Rivalry

6 Global Industrial IOT Market, By Component

6.1 Overview

6.2 Hardware

6.2.1 Sensors & RFID

6.2.2 Industrial Robotics

6.2.3 Camera Systems

6.2.4 Smart Meters

6.2.5 3D Printing

6.2.6 Flow and application control devices

6.2.7 Distributed control system

6.2.8 Others

6.3 Software

6.3.1 MES or Manufacturing Execution

6.3.2 PLM Systems or Product Lifecycle Management system

6.3.3 SCADA System

6.3.4 DMS or Distribution Management System

6.3.5 Retail Management software

6.3.6 Others

6.4 Services

7 Global Industrial IOT Market, By Deployment

7.1 Introduction

7.2 On-Cloud

7.3 On-Premise

7.4 Hybrid

7 Global Industrial IOT Market, By Connectivity

8.1 Introduction

8.2 Wired

8.3 Wireless

8 Global Industrial IOT Market, By End-User

9.1 Introduction

9.2 IT & Telecommunication

9.3 Manufacturing

9.4 Healthcare

9.5 Retail

9.6 Oil & Gas

9.7 Energy & Power

9.8 Automotive

9.9 Others

9 Industrial IOT Market, By Region

10.1 Introduction

10.1.1 North America

10.1.1.1.1 U.S.

10.1.1.1.2 Canada

10.1.1.2 Europe

10.1.1.2.1 Germany

10.1.1.2.2 France

10.1.1.2.3 U.K.

10.1.1.2.4 Italy

10.1.1.2.5 The Netherlands

10.1.1.2.6 Sweden

10.1.1.2.7 Rest of Europe

10.1.2 Asia Pacific

10.1.2.1.1 China

10.1.2.1.2 Japan

10.1.2.1.3 South Korea

10.1.2.1.4 India

10.1.2.1.5 Taiwan

10.1.2.1.6 Australia

10.1.2.1.7 Rest of the Asia Pacific

10.1.2.2 Rest of the World

10 Competitive Landscape

11.1 Competitive Landscape

11 Company Profiles

12.1 General Electric Company

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products Offerings

12.1.4 Key Developments (2017-2018)

12.1.5 SWOT Analysis

12.1.6 Key Strategy

12.2 Siemens AG (Germany)

12.2.1 Company Overview

12.2.2 Financial Overview

12.2.3 Products Offerings

12.2.4 Key Developments (2017-2018)

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 Cisco Systems

12.3.1 Company Overview

12.3.2 Financial Overview

12.3.3 Product/Solution Offerings

12.3.4 Key Developments (2017-2018)

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 IBM Corporation.

12.4.1 Company Overview

12.4.2 Financial Overview

12.4.3 Product/Solution Offerings

12.4.4 Key Developments (2017-2018)

12.4.5 SWOT Analysis

12.4.6 Key Strategy

12.5 Rockwell Automation, Inc.

12.5.1 Company Overview

12.5.2 Financial Overview

12.5.3 Product/Solution Offerings

12.5.4 Key Developments (2017-2018)

12.5.5 SWOT Analysis

12.5.6 Key Strategy

12.6 AT &T Inc.

12.6.1 Company Overview

12.6.2 Financial Overview

12.6.3 Product/Solution Offerings

12.6.4 Key Developments (2017-2018)

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 Accenture Plc.

12.7.1 Company Overview

12.7.2 Financial Overview

12.7.3 Product/Solution Offerings

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 Huawei Technologies Co. Ltd.

12.8.1 Company Overview

12.8.2 Financial Overview

12.8.3 Product/Solution Offerings

12.8.4 Key Developments (2017-2018)

12.8.5 SWOT Analysis

12.8.6 Key Strategy

12.9 Robert Bosch GmbH

12.9.1 Company Overview

12.9.2 Financial Overview

12.9.3 Products Offerings

12.9.4 Key Developments (2017-2018)

12.9.5 SWOT Analysis

12.9.6 Key Strategy

12.10 Intel Corporation

12.10.1 Company Overview

12.10.2 Financial Overview

12.10.3 Products/ Software Offerings

12.10.4 Key Developments (2017-2018)

12.10.5 SWOT Analysis

12.10.6 Key Strategy

12 List of Tables

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL INDUSTRIAL IOT MARKET, BY COMPONENT, 2017-2023 (USD BILLION)

TABLE 3 GLOBAL INDUSTRIAL IOT MARKET, BY HARDWARE, 2017-2023 (USD BILLION)

TABLE 4 GLOBAL INDUSTRIAL IOT MARKET, BY SOFTWARE 2017-2023 (USD BILLION)

TABLE 5 GLOBAL INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2017-2023 (USD BILLION)

TABLE 6 GLOBAL INDUSTRIAL IOT MARKET, BY CONNECTIVITY, 2017-2023 (USD BILLION)

TABLE 7 GLOBAL INDUSTRIAL IOT MARKET, BY END-USER, 2017-2023 (USD BILLION)

TABLE 8 GLOBAL INDUSTRIAL IOT MARKET, BY REGION (USD BILLION) (2017-2023)

TABLE 9 NORTH AMERICA INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

TABLE 10 NORTH AMERICA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 11 NORTH AMERICA INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

TABLE 12 NORTH AMERICA INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

TABLE 13 NORTH AMERICA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 14 NORTH AMERICA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 15 NORTH AMERICA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 16 U.S. INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 17 U.S. INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 18 U.S. INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 19 U.S. INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 20 CANADA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 21 CANADA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 22 CANADA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 23 CANADA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 24 EUROPE INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

TABLE 25 EUROPE INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 26 EUROPE INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

TABLE 27 EUROPE INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

TABLE 28 EUROPE INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 29 EUROPE INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 30 EUROPE INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 31 GERMANY INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 32 GERMANY INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 33 GERMANY INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 34 GERMANY INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 35 FRANCE INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 36 FRANCE INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 37 FRANCE INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 38 FRANCE INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 39 U.K. INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 40 U.K. INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 41 U.K. INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 42 U.K. INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 43 ITALY INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 44 ITALY INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 45 ITALY INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 46 ITALY INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 47 THE NETHERLANDS INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 48 NETHERLANDS INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 49 NETHERLANDS INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 50 NETHERLANDS INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 51 SWEDEN INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 52 SWEDEN INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 53 SWEDEN INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 54 SWEDEN INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 55 REST OF EUROPE INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 56 REST OF EUROPE INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 57 REST OF EUROPE INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 58 REST OF EUROPE INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 59 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

TABLE 60 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 61 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

TABLE 62 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

TABLE 63 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 64 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 65 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 66 CHINA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 67 CHINA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 68 CHINA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 69 CHINA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 70 JAPAN INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 71 JAPAN INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 72 JAPAN INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 73 JAPAN INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 74 SOUTH KOREA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 75 SOUTH KOREA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 76 SOUTH KOREA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 77 SOUTH KOREA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 78 INDIA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 79 INDIA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 80 INDIA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 81 INDIA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 82 TAIWAN INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 83 TAIWAN INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 84 TAIWAN INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 85 TAIWAN INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 86 AUSTRALIA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 87 AUSTRALIA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 88 AUSTRALIA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 89 AUSTRALIA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 90 REST OF THE ASIA PACIFIC INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 91 REST OF THE ASIA PACIFIC INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 92 REST OF THE ASIA PACIFIC INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 93 REST OF THE ASIA PACIFIC INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

TABLE 94 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 95 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

TABLE 96 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

TABLE 97 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

TABLE 98 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

TABLE 99 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

TABLE 100 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

TABLE 101 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 102 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

TABLE 103 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

13 List of Figures

FIGURE 1 GLOBAL INDUSTRIAL IOT MARKET: MARKET STRUCTURE

FIGURE 2 RESEARCH PROCESS OF MRFR

FIGURE 3 TOP DOWN & BOTTOM-UP APPROACH

FIGURE 4 DROC ANALYSIS OF GLOBAL INDUSTRIAL IOT MARKET

FIGURE 5 GLOBAL INDUSTRIAL IOT MARKET: SUPPLY CHAIN PROCESS

FIGURE 6 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL INDUSTRIAL IOT MARKET

FIGURE 7 GLOBAL INDUSTRIAL IOT MARKET, BY COMPONENT, 2017 TO 2023 (USD BILLION)

FIGURE 8 GLOBAL INDUSTRIAL IOT MARKET, BY HARDWARE, 2017 TO 2023 (USD BILLION)

FIGURE 9 GLOBAL INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2017 TO 2023 (USD BILLION)

FIGURE 10 GLOBAL INDUSTRIAL IOT MARKET, BY CONNECTIVITY, 2017 TO 2023 (USD BILLION)

FIGURE 11 GLOBAL INDUSTRIAL IOT MARKET, BY END-USER, 2017 TO 2023 (USD BILLION)

FIGURE 12 GLOBAL INDUSTRIAL IOT MARKET, BY REGION, 2017 TO 2023 (USD BILLION)

FIGURE 13 NORTH AMERICA INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

FIGURE 14 NORTH AMERICA INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

FIGURE 15 NORTH AMERICA INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

FIGURE 16 NORTH AMERICA INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

FIGURE 17 NORTH AMERICA INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

FIGURE 18 NORTH AMERICA INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

FIGURE 19 NORTH AMERICA INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

FIGURE 20 EUROPE INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

FIGURE 21 EUROPE INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

FIGURE 22 EUROPE INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

FIGURE 23 EUROPE INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

FIGURE 24 EUROPE INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

FIGURE 25 EUROPE INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

FIGURE 26 EUROPE INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

FIGURE 27 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY COUNTRY (USD BILLION) (2017-2023)

FIGURE 28 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY COMPONENT (USD BILLION) (2017-2023)

FIGURE 29 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY HARDWARE (USD BILLION) (2017-2023)

FIGURE 30 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY SOFTWARE (USD BILLION) (2017-2023)

FIGURE 31 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

FIGURE 32 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY CONNECTIVITY (USD BILLION) (2017-2023)

FIGURE 33 ASIA PACIFIC INDUSTRIAL IOT MARKET, BY END USER (USD BILLION) (2017-2023)

FIGURE 34 REST OF THE WORLD INDUSTRIAL IOT MARKET, BY DEPLOYMENT (USD BILLION) (2017-2023)

FIGURE 35 GLOBAL INDUSTRIAL IOT MARKET KEY PLAYERS MARKET SHARE, 2017 (%)

Industrial Internet of Things (IIoT) Market

Industrial IOT market size would reach USD 859.42 Billion at a rate of 20.11% CAGR in the course of the forecast period.

Segmentation

By Component Hardware Solution & Service
By Deployment On Cloud On Premise
By Connectivity Wired And Wireless
By End-User It & Telecom Manufacturing Healthcare Retail Oil &Gas Automotive And Others

Key Players

  • General Electric (U.S.)
  • Siemens AG (Germany)
  • Accenture PLC (Ireland)
  • Huawei Technologies CO. Ltd. (Japan)
  • Robert Bosch GmbH (Germany)
  • Intel Corporation (U.S.)

Drivers

  • Rising Adoption of Cloud Computing in Industrial Sector
  • Growth in IOT
  • Heavy Automation and Industrialization
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Industrial IoT Market Scope:
The IoT or Internet of Things is the latest technology that builds a worldwide network of devices and machines that are capable of exchanging and communicating information with each other via the internet. The IoT can create data about various connected objects, can analyze the objects, and can take necessary decisions. Emerging technologies like robotics, machine learning, artificial intelligence, and analytics are expected to boost the industrial IOT market demand over the forecast period, i.e. 2020-2030. 



The increasing investments by various industry leaders in the industrial IOT market would galvanize the growth of the market in the future years. The increasing speed of industrialization and the emergence of automation to decrease the pressure on various production assemblies would likely offer newer industrial IOT market opportunities. According to the assumption of MRFR or Market Research Future, the industrial IOT market size would reach USD 859.42 Billion at a rate of 20.11% CAGR in the course of the forecast period. 



Industrial IoT Market COVID-19 Analysis:

The COVID-19 pandemic has impacted all the worldwide industries and countries. The oil, transport, gas, manufacturing, and many more industries are still bearing the brunt of its adverse effects. As a result of the lockdowns announced because of the death surge due to the pandemic, the gas and oil industry had witnessed a severe drop in daily demand. Since January 2020, oil prices have dropped by at least 50% in various countries and the US markets are experiencing a record of low demand. 



In April 2020, the International Energy Agency declared that the oil demand has dropped by 29 billion barrels on a daily basis. The decrease was further projected to become 23.1 million barrels on a daily basis by the end of 2020. Therefore, these changes in the industry are likely to affect the ongoing, existing, and potential growth of industrial IOT market size as in this scenario IoT could be considered as not necessary. Moreover, it could have been canceled or delayed in the coming future. 



Industrial IoT Market Dynamics:
Drivers:
The main three key factors that drive the growth of the global industrial IOT market are – the low operational cost of IoT, the growth in various technical advancements, the high rate of adoption of the various cloud-based models of deployment. 



The connected and smart products are the necessary components in the smart manufacturing procedures and the connected supply chains. Moreover, the advantages offered by the low-cost connected devices have permitted the manufacturers to implement various industrial IOT market trends to increase the overall productivity of the industry and also to decrease the amount of resource consumption. 



Also, because of low operating costs, many of the manufacturers tend to incorporate the industrial IOT market trends applications in various machines to develop the performance of the machines at a decreased cost. Also, the demand for data protection, low-cost information storage, and backup are important industrial IOT market opportunities for SME or small and medium-sized enterprises. The cloud implementations made via industrial IOT market trends help the business organizations to deliver better services of IoT to unique industry verticals. 



Also, the growth in industrial IOT market size has permitted the major industry players to provide their end-users a much improved industrial IOT market opportunities. The emergence of smart sensors into various industrial machines has permitted the manufacturers to lower the operating expenses by at least 505 and it is expected to get lowered further in the course of the Industrial IOT Market Forecast period. Moreover, augmented reality and virtual reality offer end-users a complete 360 degree of any object before it’s got manufactured in real. 


Opportunities:  
According to the industrial IOT market forecast, after years of anticipation, steady uptake, and hype, the IoT or internet of things is expected to emerge into mainstream business utilization. The industrial IOT market forecast also reveals that the number of industries that utilize IoT-related technologies has uplifted from 13% to 25% within 2014 to 2021. Also, by 2023, the global numbers of IoT-connected devices are presumed to uplift by at least 43 billion. Therefore, from 2018, the industrial IOT market share would experience a threefold growth. 


 


Restraints:
The easiness in the availability of various substitutes in the industrial IOT market share is one of the most crucial restraints of the worldwide industrial IOT market growth. Also, the internet of things in underdeveloped countries can be considered as the significant industrial IOT market challenges of the worldwide agile IoT companies. 

 


Value Chain Analysis:
According to the current report, the worldwide agile industrial IOT market share has been segmented depending on connectivity, deployment, region, components, organization size, and vertical. Based on the components, the worldwide agile IoT industry can be segmented into services, software, and hardware. Also, based on connectivity, the industrial IOT market growth can be further segmented into Wi-Fi, ZWave, RF, Li-Fi, LAN, BLE, and others. Based on vertical, the worldwide industrial IOT market growth can be divided into Public sector, Healthcare, BFSI, Government, etc. Based on deployment, the divisions are cloud and on-premises. Based on organization size the industrial IOT market key players can be segmented into small, medium, and large scale. 

 


Cumulative Growth Analysis:
The IoT is basically the networking of various physical objects with the assistance of actuators, sensors, and various other devices that are capable of collecting and transmitting data about various objects. The information collected from these devices can be analyzed in the future to enhance the operations, products, and services of industrial IOT key players. Also, the best utilization of application of these technologies lies in various areas of optimization of energy like sensors that are deployed around the grid electricity that aid the utilities to monitor the utilization of energy remotely. It also adjusts the distribution and generation of energy flow to account for both peak times and peak downtimes of industrial IOT key players. 



Industrial IoT Market Segment Overview:
The global IoT market industry that faces various industrial IOT market challenges can be segmented depending on organization size, components, region, vertical, and connectivity. Despite the industrial IOT market challenges the worldwide IoT market is expected to witness a decent amount of growth in the course of the forecast period, i.e. 2017 to 2013.



By Organization Size/ Deployment:
Based on organization size, the worldwide IoT market can be divided into: 



  • Cloud 

  • On-premises



By Components:
On the basis of components the IoT industry can be classified into: 



  • Services

  • Software

  • Hardware



By Region:

Depending on the region, the IoT market can be classified into: 

North America:



  • The U.S.

  • Mexico 

  • Canada


Europe:


  • UK 

  • Germany

  • France 

  • Rest of Europe


Asia Pacific:


  • India 

  • Japan

  • China

  • Rest of the Asia-Pacific


 


Rest of the world:


  • Middle East 

  • Africa 

  • Latin America 


By Vertical/End-Users:
On the basis of vertical, the IoT market industry can be classified into:



  • Public sector

  • BFSI

  • Healthcare

  • Manufacturing 

  • Government

  • Others 


By Connectivity/ Application:
Depending on connectivity, the global IoT market can be divided into:



  • Wi-Fi

  • LAN

  • Li-Fi

  • ZigBee

  • LaRa

  • BLE

  • Z-Wave

  • RF

  • Others


Industrial IoT Market Regional Analysis:
On the basis of the latest research findings, the North American region is expected to hold the highest share of the worldwide agile IoT market in the course of the forecast period because of the presence of strongly established economies in this particular region. This feature permits them to spend hugely in the R and D. In addition with the increasing adoption of various smart connected devices and rapid digitalization throughout the verticals of the IoT industry, and also the improvement in the technological fields have further enhanced the increasing demand of IoT industry in North American region. Also, the European regions and the Asia Pacific region are assumed to experience prominent growth because of the speedy advancements of IOTs in these regions. 



Industrial IoT Market Competitive Landscape:
The IoT industry’s competitive landscape offers details by the entire economic profit of the vendors and the companies, the sales and revenues generated in this industry, the IoT share in the global market, the overview of the business organization, the launch of new products, the opportunities and prices, the overview of production sites, prices of IoT, SWOT analysis, etc. 



Report Overview:
Based on the global IoT market analysis, the market is anticipated to experience a growth of at least 751.3 Million USD by 2023. Therefore, there will be at least a 23.88% rise in Compound Annual Growth Rate or CAGR in the course of the forecast period, i.e. 2017-2023. The North American region is one most the most significant players based on IOT applications of the region because of its vast industrial and manufacturing sector. 



Scope of report and segmentation table: 



  • Base year – 2017

  • Forecast period – 2017-2023

  • Historical data - 2017



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 859.42 Billion
  CAGR   20.11%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component , Connectivity
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   General Electric (U.S.) Siemens AG (Germany) Accenture PLC (Ireland) Huawei Technologies CO. Ltd. (Japan) Robert Bosch GmbH (Germany) Intel Corporation (U.S.)
  Key Market Opportunities   According to the industrial IOT market forecast, after years of anticipation, steady uptake, and hype, the IoT or internet of things is expected to emerge into mainstream business utilization.
  Key Market Drivers   The connected and smart products are the necessary components in the smart manufacturing procedures and the connected supply chains.


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Frequently Asked Questions (FAQ) :

The market is going to achieve a valuation of USD 859.42 Billion by 2030

The market is going to achieve its growth from 2020 to 2030.

The factors driving the market are directed towards the emergence of novel technologies such as data analytics, robotics, machine learning, and artificial intelligence.

Rockwell Automation, Inc. (U.S.), General Electric Company (U.S.), Intel Corporation (U.S.) are the top 3 key players investing in the market share significantly.

IBM has been a great contributor to the market share.

Global Industrial IOT Market: Competitive Landscape


General Electric Company is the leading company in Global Industrial . General Electric Company provides products for generation, transmission, distribution, control, and utilization of electricity. The company is strongly positioned globally with an employee strength of 295,000 employees providing various Industrial IoT solutions in North America, Asia Pacific, and European countries. GE was the first to launch the Industrial IoT ecosystem and has strong strategic relationships with more than 700 companies. The company has launched its Predix platform for Industrial IOT which provides asset connectivity, edge technologies, analytics and machine learning, and big data processing capabilities to various industry verticals. The company has many customers deploying Predix platforms in energy, oil & gas, and aviation industries. The company also invests heavily in research and development to get upgrades on the current technologies and maintain its position in the Industrial IOT market.


Cisco Systems has occupied the second place in Global Industrial IOT market. Cisco Systems designs, manufactures, and markets IP based networking products and services. The company is strongly positioned in the Industrial IOT market with an employee strength of 132,000 employees and its solutions majorly deployed in transportation and healthcare industries. Cisco’s product portfolio of Industrial IOT solutions forms the backbone of thousands of companies across Industrial Enterprise and Public sectors. Cisco’s Jasper Control Center has become the world’s largest IOT connectivity management platform. The company is focused on partnering and acquiring other strategic companies to expand its global reach and maintain its market position.


IBM Corporation has occupied the third place in Global Industrial IOT market. IBM Corporation manufactures computer hardware, software, and middleware and provides information technology consulting services. The company is one of the leaders, providing Industrial IOT solutions with large strength of skilled employees connecting IoT devices at a large scale via the IBM Cloud. IBM along with Bosch, another leader in engineering and electronics, has developed IBM Watson IOT which as an Industrial IOT solution to simplify asset management, facilities management and product development. IBM strongly focuses on innovation of products, and continuous re-invention and transformations of IOT solutions to grow its market position.


Robert Bosch has occupied the fourth place in the Global Industrial IOT market. Robert Bosch is the leading supplier of Mobility, Household, Industry, and Trade solutions and manufactures flexible IOT platforms. The company is well placed in the market with a skilled workforce to provide Industrial IOT solutions to various manufacturing industries. The company has collaborated with IBM and other leaders in the Industrial IOT, to launch its Bosch IOT Suite services on IBM’s Bluemix and Watson IoT platform to boost auto manufacturers to schedule and organize software updates to millions of vehicles and goods manufacturers to remotely send updates thousands of electronic devices. The company aims to improve its product lines through advances in technology and new product development to lead the Industrial IOT market.


AT&T Inc. has occupied the fifth place in the Global Industrial IOT market. AT&T Inc. is one of the largest telecommunication companies in the U.S., providing Industrial IOT Solutions for data storage and data visualization for industries such as healthcare, food and agriculture, energy and utilities and aviation. The company has a workforce with skilled expertise in Industrial IOT providing advanced IOT solution across devices, networks, and platforms. AT&T has collaborated with many major players such as Ericson and IBM to expand its professional IOT services and provide IoT analytics solutions. The company aims to provide world class customer experience to form a strong customer base and lead the Industrial IOT market.