"Smart Strategies, Giving Speed to your Growth Trajectory"

IIoT (Industrial Internet of Things) Technology Market Size, Share and Global By Deployment Type (Hardware & Software), By Industry Vertical (Manufacturing, Oil &Gas, Metal & Mining), By Applications (Distribution Management System, Visualization Software, Transit Management System, and others) and Geography Forecast till 2026

Region : Global | Report ID: FBI100383 | Status : Ongoing

 

KEY MARKET INSIGHTS

The industrial internet of things (IIoT) refers to the extension of the internet of things (IoT) in industries and manufacturing sectors. IIoT is an advanced integration of information technology (IT) and operational technology (OT). This integration provides industrial capabilities such as machine-to-machine (M2M) communication, big data, machine learning, automation and optimization services and better visibility of the supply chain and logistics operations.


IIoT technology is enabled with advanced AI sensors that are used for the detection of changes in the physical and logical relationship of one object to another or with the environment. Physical changes may include temperature, light, pressure, sound, motion, presence/absence of an electronically traceable entity, location, etc. According to the European Institute of Innovation & Technology., in 2017-18, the Single Market Strategy was implemented by Europe government that includes elements such as transit management system, remote patient monitoring, farm management system and others which drive Europe a step further in accelerating growths on the industrial internet of things.


To gain extensive insights into the market, Request for Customization


Growth in IT investment backed by increased cloud adoption is expected to drive the IIoT technology market. For instance, in 2018, GE announced the formation of a new industrial IoT (or IIoT) software firm known as GE Digital 2.0 or GED2 based on the core architecture of cloud computing. GED2 can focus on developing and delivering integrated solutions of Predix, GE industrial IoT software platform.


KEY PLAYERS COVERED


Some of the leading players operating in IIoT technology market across the globe include: IBM Corporation, Intel Corporation, Schneider Electric SE, General Electric Company, Emerson Electric, ABB Ltd., Accenture PLC, Tech Mahindra Ltd., Softweb Solutions Inc., Sasken Technologies Ltd., ZIH Corp., Siemens AG, Robert Bosch GmbH, and NEC Corporation.


SEGMENTATION


























 Segmentation



 Details



By Deployment Type



●       Hardware


●       Software



By Industry Vertical



●       Manufacturing


●       Oil &Gas


●       Metal & Mining


●       Healthcare


●       Retail


●       Transportation


●       Agriculture



By Applications



●       PLM (Product Lifecycle Management)


●       MES (Manufacturing Execution Systems)


●       SCADA (Supervisory Control and Data Acquisition)


●       Outage Management System


●       Distribution Management System


●       Visualization Software


●       Transit Management System


●       Remote Patient Monitoring


●       Farm Management System


●       Others



By Geography



●       North America (the USA and Canada)


●       Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


●       Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


●       Latin America (Brazil, Mexico and Rest of Latin America)


●       Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



REGIONAL ANALYSIS


In the Asia Pacific region, China is expected to witness high IIoT implementation. The country reported 273 Mn IIoT devices connected at the end of 2017 and is building network site density at an unprecedented rate in the manufacturing industry. Also, China Tower which owns approximately 96 percent of macro towers in China, has invested US$ 17.7 Bn in the capital and added more than 350,000 sites since 2015. Further, Europe is also expected to hold a strong position in the global industrial internet of things market. For instance, in October 2018, the government of Europe has invested more than US$ 45 Mn for infrastructure development of IT projects in countries such as Germany, Spain, etc.


KEY INDUSTRY DEVELOPMENTS



  • December 2018: Avnet, Inc. acquired Softweb Solutions to strengthen its market presence in terms of market revenue in the Industrial-IoT market. Also, the company’s industrial IoT solutions and services witnessed 15-18% overall customer addition and 30% revenue pipeline expansion during the first month of fiscal 2019.


IIoT (Industrial Internet of Things) Technology Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Intel_logo
HP_New_Logo_2D
Google
Coursera
microsoft

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X