Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Industrial Internet of Things (IIoT) Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Industrial Internet of Things. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
Deployment of Internet of Things (IoT) in industries to modernize manufacturing processes is referred to as Industrial Internet of Things (IIoT). IIoT incorporates machine learning, Big Data technology, and machine-to-machine (M2M) communication, adopting the sensor data and automation technologies that already exist in the industries. IIoT helps to improve visibility, operational efficiency, increases productivity, and reduces complexity in the process. Large collected data helps in predictive maintenance which can generate savings over scheduled repairs leading to reduction in maintenance costs and reduce downtime from equipment breakdowns. In the current scenario, many companies are assessing their current data systems and observing ways to transform their business processes through Big Data analytics. Rising adoption of IIoT by the transportation sector is driving the market. However, a major concern that surrounds IIoT is the security and privacy of the data; this concern leads to loss of physical systems and data security. The global Industrial Internet of things market is anticipated to expand at a CAGR of 24.3% during the forecast period (2018-2026) and is expected to reach US$ 991,562.0 Mn by 2026.
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The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, integration challenges, and opportunity for future growth of the market. Further, the study also includes IoT use case analysis by industry, Porter’s Five Forces, technology roadmap which provides industry evolution and technologies playing an important role in the industry, and value chain analysis of the Industrial IoT market. Furthermore, the report contains a PESTLE analysis which elaborates on the environment of the market for each factor therein. Market attractiveness analysis has also been provided for every segmentation in the report, wherein the market segments, for instance hardware, software, services, and significant end-users are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the IIoT market, every geographic region mentioned in the report is provided with attractiveness analysis. The market overview section also provides competitive scenario and trends for the market which includes market concentration rate, list of new entrants, mergers and acquisitions.
The study provides a decisive view of the global IIoT market by segmenting the market on the basis of component into hardware, software, and services. The hardware segment is further bifurcated into sensors, connectivity devices and others (data acquisitions devices, etc.), whereas the services segment is divided into system integration, consulting services, and support & maintenance services.
Based on end-use, the market can be categorized into aviation, oil & gas, transportation, power generation & utility, manufacturing, healthcare (medical devices), and others (mining, agriculture etc.).The report also highlights the competitive landscape of the market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the Industrial Internet of Things market. The comprehensive market estimates are a result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the Industrial Internet of Things (IIoT) market growth. The IIoT market report also includes strategies, financial information, key competitors, and SWOT analysis under the company profiles section. Likewise, the report provides insights related to trends and their impact on the regional market.
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. For secondary research,sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the IIoT market, across geographies. Primary interviews are usually conducted on an ongoing basiswith industry experts and participants in order to get the latest market insights and validate the existing data and analysis and underlying assumptions. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
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The research study includes profiles of select prominent companies operating in the global Industrial Internet of Things (IIoT) market. Players profiled in the report include IBM Corporation, Intel Corporation, Schneider Electric SE, General Electric Company, Emerson Electric, ABB Ltd., Accenture PLC, Tech Mahindra Ltd., Softweb Solutions Inc., Sasken Technologies Ltd., ZIH Corp., Siemens AG, Robert Bosch GmbH, and NEC Corporation.
The global Industrial Internet of Things (IIoT) market is segmented as below:
Global Industrial Internet of Things (IIoT) Market, by Component
Hardware
Sensors
Connectivity devices
Others (Data Acquisition Devices,etc.)
Software
Services
System Integration
Consulting Services
Support and MaintenanceServices
Global Industrial Internet of Things (IIoT) Market, by End-use
Aviation
Oil & Gas
Transportation
Power Generation & Utility
Manufacturing
Healthcare (Medical Devices)
Others (Mining, Agriculture etc.)
Global Industrial Internet of Things (IIoT) Market, by Geography
North America
The U.S.
Canada
Rest of North America
Europe
Germany
K.
France
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Asia Pacific (APAC)
China
India
Japan
Australia
Rest of Asia Pacific
South America
Brazil
Rest of South America
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