The Global Industrial Internet Of Things Market Report by Global Insight Services is the single and trusted source of information for the Industrial Internet Of Things Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
The Industrial Internet of Things (IIoT) is the network of physical devices, machines, and other assets that are connected to the internet, which enables them to collect and exchange data. The IIoT is a key component of Industry 4.0, the fourth industrial revolution.
The IIoT has the potential to revolutionize manufacturing and other industrial sectors by increasing efficiency, reducing downtime, and improving safety. For example, IIoT-enabled machines can be monitored in real time to identify potential problems before they occur. Additionally, IIoT data can be used to optimize production processes and supply chains.
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Key Trends
There are four key trends in Industrial Internet Of Things technology:
1. The first trend is the increasing connectivity of devices. This is being driven by the increasing adoption of the Internet of Things, as well as the development of new technologies such as 5G and LoRaWAN.
2. The second trend is the increasing use of data analytics. This is being driven by the need to make better use of the huge amounts of data being generated by connected devices.
3. The third trend is the increasing use of artificial intelligence. This is being driven by the need to make better use of the data being generated by connected devices, as well as the need to automate tasks.
4. The fourth trend is the increasing use of robotics. This is being driven by the need to automate tasks, as well as the need to improve safety and efficiency.
Key Drivers
The key drivers of Industrial Internet of Things (IIoT) market are the need for real-time data, the need for increased operational efficiency, and the need for better asset management.
The need for real-time data is perhaps the most important driver of IIoT. In many industries, time is of the essence. For example, in the oil and gas industry, a delay in detecting a leak can lead to an expensive spill. In the manufacturing industry, a delay in detecting a machine failure can lead to production delays and lost revenue. In the healthcare industry, a delay in detecting a patient’s condition can lead to serious health consequences.
The need for increased operational efficiency is another important driver of IIoT. In today’s global economy, companies are under pressure to do more with less. They are looking for ways to increase efficiency and reduce costs. The IIoT can help companies achieve these goals by providing real-time data that can be used to make better decisions about how to allocate resources.
The need for better asset management is another driver of IIoT. In many industries, companies have a large number of assets, such as machines, vehicles, and inventory. Tracking these assets can be a challenge. The IIoT can help companies track their assets and ensure that they are being used efficiently.
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Market Segmentation
The Industrial Internet Of Things Market is segmented by component, application, and region. The components covered in this report include hardware, software, services, and connectivity. The applications discussed in this study are manufacturing, energy & power, oil & gas, healthcare, transportation & logistics, and others. Furthermore, the IIoT market share is analyzed across regions such as North America, Europe, Asia–Pacific, and rest of the world.
Key Players
The key players in the Industrial Internet Of Things Market are ARM Holding, Cisco, Intel, Rockwell Automation, ABB, Texas Instruments, Dassault Systèmes, Honeywell, Huawei Technologies, and IBM.
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