According to a new market research report published by Global Insight Services ” Industrial IoT Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Industrial IoT is the use of internet-connected devices and sensors to collect data from industrial equipment and facilities. This data can be used to improve the efficiency and productivity of industrial operations. Industrial IoT can also be used to monitor the condition of equipment and facilities, and to predict maintenance needs.
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Key Players
- ABB
- General Electric Company (GE)
- IBM Corporation
- Intel Corporation
- Rockwell Automation Inc.
- Siemens AG
- Microsoft Corporation
- NEC Corporation
Key Trends and Drivers
The growth of the industrial IoT market is driven by the increasing need for real-time data for effective decision making, the increasing adoption of cloud-based solutions and services, the increasing use of Big Data and analytics, and the growing need for predictive maintenance of industrial equipment.
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Market Segments
By Component
- Solution
- Services
- Platform
By End-Use
- Manufacturing
- Energy & Power
- Oil & Gas
- Healthcare
- Logistics &Transport
- Agriculture
- Others
Reasons to buy Industrial IoT Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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