Industrial IoT Market - Trends Forecast Till 2028

Market Overview

Global Industrial IoT market is anticipated to reach USD 76.6 billion in 2021 growing at a CAGR of 6.8% during the forecasting period, 2021-2028.

IIoT better known as Industrial Internet of things is an interconnected network of devices like sensors, instruments which are connected to computer and database and work in a coordinated way and are used for industrial purposes. It allows higer degree of automation along with cloud computing making the whole process simplified and efficient. These are not just efficient in performance but are also consumes lesser energy. Multiple industries like automobile, oil and gas and agriculture are major users of the technology.

With various R&D in the sector along with increased use in manufacturing sector and also the support from government are some of the factors that have supported long-term expansion for Industrial IoT industry.

Key Findings

Global Industrial IoT market is segmented into Device & Technology, Connectivity Type, Software, Vertical and geography.

Vertical segment is segmented into Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, and Agriculture

Geographically, global Industrial IoT market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in global Industrial IoT market are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany) among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Industrial IoT market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope