New York, 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
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
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