Global Industrial-Internet-of-Things (IoT) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global Industrial-Internet-of-Things (IoT) market in its upcoming report titled, “Global Industrial-Internet-of-Things (IoT) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global Industrial-Internet-of-Things (IoT) market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global Industrial-Internet-of-Things (IoT) market report has been segmented on the basis of component, Application, and region.

Request Covid - 19 Impact

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Industrial IoT network helps organizations to connect with their workers, improves worker safety, data, and enhances productivity. Development of industrial internet has allowed IT sector to further improve digitized systems. Industrial IoT applications are used in available data, cloud services, and business analytics to improve industrial processes.

Increasing adoption of industrial IoT across the globe, owing to rising affordability and availability of sensors, technologies, processors, etc. result in access to real-time information. This is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing need to improve operational efficiency coupled with strong alliance between players operating in the target market is another factor expected to fuel growth of the target market. Furthermore, government initiatives, investments in R&D activities, and innovative product development by some major players, such as Huawei Technology Co., Ltd., Cisco Systems, Inc., and General Electric Company are other factors expected to boost growth of this market in the near future. Moreover, growing cloud integration, big data analytics, smart sensors, and robotics and automation are other factors further expected to support growth of the global market over the forecast period.

However, lack of defined standardization and use of old equipment are major factors expected to restrain growth of the global market over the forecast period. In addition, rising security concerns among individuals is another factor expected to hamper growth of the target market in the near future.

Ongoing trend observed in the target market is increasing modernization of equipment and systems to deal with innovative technologies and new regulations

The market in North America dominates the target market in terms of revenue over the forecast period, owing to increasing awareness regarding benefits of using industrial IoT, AI, and technological advancements in the various countries in the region. The market in Europe is expected to register significant growth in terms of revenue in the near future, owing to government initiative to promote Industrie 4.0 in Germany. The market in Asia Pacific is expected to register fastest growth over the forecast period, owing to increasing adoption of advanced factory automation especially, in Japan, China, and Taiwan.

Global Industrial-Internet-of-Things (IoT) market segmentation:

Segmentation by component:

• Hardware
• Software
• Service
• Connectivity

Segmentation by Application:

• Manufacturing
• Energy & Power
• Oil & Gas
• Healthcare
• Logistics & Transport
• Agriculture
• Others (Retail, Metals & Mining)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa