Global Industrial IoT Market Forecast to 2027
The latest market research report from Emergen Research focuses on the global Industrial IoT market and provides in-depth analysis of each of its major segments. Global Industrial IoT market reports provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, such as drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, and a slew of other micro- and macro-economic factors.
According to a recent estimate by Emergen Research, the worldwide industrial IoT market would be worth USD 128.09 billion by 2027. This market's expansion can be attributed to manufacturers and industrialists adopting Industrial IoT solutions at a rising rate. Over the projected period, the expansion of Industrial IoT technologies is anticipated to be fueled by the growing demand to increase productivity, improve worker safety, and lower operational and production costs. The demand for Industrial IoT solutions is most likely being driven by the growing need to limit the risk of cyber and data breaches brought on by human error.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
GE, Intel, Cisco, IBM, Siemens, Honeywell, Rockwell Automation, Texas Instruments, ABB, Kuka
Market Dynamics:
The report offers insightful information about the market dynamics of the Industrial IoT market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Industrial IoT market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Industrial IoT market.
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Some Key Highlights from the Report
- In June 2020, Wipro Ltd and IBM collaborated to help enterprises, startups with cloud services. Through this collaboration, Wipro will develop hybrid cloud offerings to help businesses manage, migrate, and transform critical workloads and applications, with security across private or public cloud and on-premises IT environments. The partnership will also provide customers remote access to Red hat and IBM solutions.
- The solution segment held the largest market share of 47.5% in 2019. Increasing investments of the Industrial IoT solution providers for the launch of technologically advanced information systems for the industrial sector is expected to drive the segment's growth.
- Logistics & Transport are forecasted to grow with the fastest CAGR of 9.3% over the forecast period. Increasing adoption of the Industrial IoT technologies in the logistics & Transportation sector is expected to drive the segment's growth.
- The Asia Pacific accounted for the largest market share of the Industrial IoT market in 2019. Increasing adoption of intelligent technologies and advanced factory automation in developing economies is expected to drive this region's growth.
Industrial IoT Market Segmentation:
Market Overview:
The report bifurcates the Industrial IoT market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Component Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Services (Managed, Professional)
- Solution (Analytics, Remote Monitoring, Security Solutions, Data Management)
- Platform (Application Management, Connectivity Management, Device Management)
- End-User Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Energy & Power
- Healthcare
- Agriculture
- Manufacturing
- Oil & Gas
- Logistics & Transport
- Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Industrial IoT Market report is an exhaustive database that will help readers formulate lucrative strategies. The Industrial IoT Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Industrial IoT market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Industrial IoT with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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