Markntel Advisors’ report, Industrial Internet of Things (IIoT) Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Industrial Internet of Things (IIoT) presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Industrial Internet of Things (IIoT) Market Research Report & Market Summary:

The Global Industrial Internet of Things (IIOT) Market is estimated to grow at a CAGR of around 23.5% during the forecast period, i.e., 2023-28. The market has been significantly fueled by rising investments in technologies in an effort to have to develop the nations worldwide & the emergence of big data analytics. The two main factors propelling industry expansion are a high level of intelligent automation, declining operational costs, and the expanding industrial IoT. Additionally, it is anticipated that by 2030, there will be over 120 billion IoT devices online, further generating a demand curve for this technology. Moreover, technological advancement & the use of AI, ML, and robotics in the sectors such as manufacturing, oil & gas, healthcare, agriculture, and others are some of the key contributing factors to the market growth of industrial IoT worldwide. The proliferating 3D printing technology in developed countries in manufacturing automotive components, healthcare equipment, etc., is also adding pace to the market.

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Industrial Internet of Things (IIoT) Market Dynamics:

Key Driver-

Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry to Drive the Market Growth – The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.

Industrial Internet of Things (IIoT) Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Components

• Hardware- Market Size & Forecast 2018-2028F, USD Million
  • Sensors- Market Size & Forecast 2018-2028F, USD Million
  • RFID- Market Size & Forecast 2018-2028F, USD Million
  • Industrial Robotics- Market Size & Forecast 2018-2028F, USD Million
  • Distributed Control Systems- Market Size & Forecast 2018-2028F, USD Million
  • Condition Monitoring- Market Size & Forecast 2018-2028F, USD Million
  • Smart Meters- Market Size & Forecast 2018-2028F, USD Million
  • Electronic Shelf Labels- Market Size & Forecast 2018-2028F, USD Million
  • Cameras- Market Size & Forecast 2018-2028F, USD Million
  • Smart Beacons- Market Size & Forecast 2018-2028F, USD Million
  • Interface Boards- Market Size & Forecast 2018-2028F, USD Million
  • Yield Monitors- Market Size & Forecast 2018-2028F, USD Million
  • Guidance and Steering- Market Size & Forecast 2018-2028F, USD Million
  • Flow & Application Control Devices- Market Size & Forecast 2018-2028F, USD Million
  • Networking Component- Market Size & Forecast 2018-2028F, USD Million
• Software & Services- Market Size & Forecast 2018-2028F, USD Million

The Hardware segment is predicted to capture a substantial market share due to the industrial sector's ongoing efforts to boost productivity, cut expenses, and raise Overall Equipment Effectiveness (OEE) by gaining greater access to information via real-time solutions. Also, numerous industrial verticles are adopting industrial IoT platforms widely to enhance operational efficiency along with the emerging requirement for superior monitoring technologies, supporting driving this segment's demand in the Global Industrial Internet of Things (IIOT) Market.

By Connectivity

• Wired Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Ethernet- Market Size & Forecast 2018-2028F, USD Million
  • Modbus- Market Size & Forecast 2018-2028F, USD Million
  • Profinet- Market Size & Forecast 2018-2028F, USD Million
  • Foundation Field Bus- Market Size & Forecast 2018-2028F, USD Million
• Wireless Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Wi-Fi- Market Size & Forecast 2018-2028F, USD Million
  • Zigbee- Market Size & Forecast 2018-2028F, USD Million
  • Bluetooth- Market Size & Forecast 2018-2028F, USD Million
  • Cellular Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Satellite Technologies- Market Size & Forecast 2018-2028F, USD Million

By Application

• Product Lifecycle Management- Market Size & Forecast 2018-2028F, USD Million
• Manufacturing and Executions Systems- Market Size & Forecast 2018-2028F, USD Million
• Supervisory Control and Data Acquisition (SCADA) - Market Size & Forecast 2018-2028F, USD Million
• Outage Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Distribution Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Remote Monitoring- Market Size & Forecast 2018-2028F, USD Million
• Retail Management- Market Size & Forecast 2018-2028F, USD Million
• Transit Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Predictive Maintenance- Market Size & Forecast 2018-2028F, USD Million
• Others (Visualization Software, Farm Management, etc.) - Market Size & Forecast 2018-2028F, USD Million

By End Users

• Manufacturing- Market Size & Forecast 2018-2028F, USD Million
  • Automotive- Market Size & Forecast 2018-2028F, USD Million
  • Machinery- Market Size & Forecast 2018-2028F, USD Million
  • Food & Beverages- Market Size & Forecast 2018-2028F, USD Million
  • Chemicals and Materials- Market Size & Forecast 2018-2028F, USD Million
  • Electrical and Electronics- Market Size & Forecast 2018-2028F, USD Million
  • Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
• Energy- Market Size & Forecast 2018-2028F, USD Million
• Oil & Gas- Market Size & Forecast 2018-2028F, USD Million
• Metal & Mining- Market Size & Forecast 2018-2028F, USD Million
• Healthcare- Market Size & Forecast 2018-2028F, USD Million
• Retail- Market Size & Forecast 2018-2028F, USD Million
• Transportation- Market Size & Forecast 2018-2028F, USD Million
• Agriculture- Market Size & Forecast 2018-2028F, USD Million

The Manufacturing sector is expected to account for the most prominent market share & to grow with the highest growth rate in the future year. The growth of the Global Industrial Internet of Things (IIoT) Market is primarily driven by the development of Industry 4.0, the emergence of smart factories, the expansion of the use of autonomous robots for industrial automation, and the rising demand for centralized asset monitoring & predictive maintenance.

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific.

Asia-Pacific is predicted to hold a significant market share in terms of value during the forthcoming period. The region is a hub for industrial manufacturing, hence is the focal point for several business expansions & investments. With the upgrading & expanding agricultural sector in India, there is an emerging & rising requirement for automated agricultural methods & processes, which would aid in enhancing the growth of the Industrial Internet of Things market in this region. On the other hand, the regional country, like China, is also witnessed to have a great inclination towards IIoT. 

As indicated in the latest market research report published by Markntel Advisors, “Industrial Internet of Things (IIoT) Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Industrial Internet of Things (IIoT) industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-industrial-internet-of-things-market.html

Top Companies Operating in the Industrial Internet of Things (IIoT) Market:

• Cisco Systems, Inc.
• GE
• Honeywell
• Intel
• IBM
• ABB
• Telefonica
• Robert Bosch
• Rockwell Automation
• Siemens
• Accenture
• Capgemini
• Texas Instrument
• ARM Holding
• PTC
• HCL
• Maverick
•  

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Key Report Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Industrial Internet of Things (IIoT) Market adoption?
5. How has the competition been shaping up across the geography?

6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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