The Global Industrial Internet of Things (IIoT) Market is expected to grow at a CAGR of around 23.5% during the forecast period, i.e., 2023-28. MarkNtel Advisors’ recently published versions of the study on the Global Industrial Internet of Things (IIoT) Industry (2023-2028) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timefrvame and Metrics
- Historical Period: 2018-21
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
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Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry to Drive the Market Growth – The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.
Analyzing the Segmentations for the Global Industrial Internet of Things (IIoT) Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Components
-Hardware- Market Size & Forecast 2018-2028F, USD Million
-Sensors- Market Size & Forecast 2018-2028F, USD Million
-RFID- Market Size & Forecast 2018-2028F, USD Million
-Industrial Robotics- Market Size & Forecast 2018-2028F, USD Million
-Distributed Control Systems- Market Size & Forecast 2018-2028F, USD Million
-Condition Monitoring- Market Size & Forecast 2018-2028F, USD Million
-Smart Meters- Market Size & Forecast 2018-2028F, USD Million
-Electronic Shelf Labels- Market Size & Forecast 2018-2028F, USD Million
-Cameras- Market Size & Forecast 2018-2028F, USD Million
-Smart Beacons- Market Size & Forecast 2018-2028F, USD Million
-Interface Boards- Market Size & Forecast 2018-2028F, USD Million
-Yield Monitors- Market Size & Forecast 2018-2028F, USD Million
-Guidance and Steering- Market Size & Forecast 2018-2028F, USD Million
-Flow & Application Control Devices- Market Size & Forecast 2018-2028F, USD Million
-Networking Component- Market Size & Forecast 2018-2028F, USD Million
-Software & Services- Market Size & Forecast 2018-2028F, USD Million
By Connectivity
-Wired Technologies- Market Size & Forecast 2018-2028F, USD Million
-Ethernet- Market Size & Forecast 2018-2028F, USD Million
-Modbus- Market Size & Forecast 2018-2028F, USD Million
-Profinet- Market Size & Forecast 2018-2028F, USD Million
-Foundation Field Bus- Market Size & Forecast 2018-2028F, USD Million
-Wireless Technologies- Market Size & Forecast 2018-2028F, USD Million
-Wi-Fi- Market Size & Forecast 2018-2028F, USD Million
-Zigbee- Market Size & Forecast 2018-2028F, USD Million
-Bluetooth- Market Size & Forecast 2018-2028F, USD Million
-Cellular Technologies- Market Size & Forecast 2018-2028F, USD Million
-Satellite Technologies- Market Size & Forecast 2018-2028F, USD Million
By Application
-Product Lifecycle Management- Market Size & Forecast 2018-2028F, USD Million
-Manufacturing and Executions Systems- Market Size & Forecast 2018-2028F, USD Million
-Supervisory Control and Data Acquisition (SCADA) – Market Size & Forecast 2018-2028F, USD Million
-Outage Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Distribution Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Remote Monitoring- Market Size & Forecast 2018-2028F, USD Million
-Retail Management- Market Size & Forecast 2018-2028F, USD Million
-Transit Management Systems- Market Size & Forecast 2018-2028F, USD Million
-Predictive Maintenance- Market Size & Forecast 2018-2028F, USD Million
-Others (Visualization Software, Farm Management, etc.) – Market Size & Forecast 2018-2028F, USD Million
By End Users
-Manufacturing- Market Size & Forecast 2018-2028F, USD Million
-Automotive- Market Size & Forecast 2018-2028F, USD Million
-Machinery- Market Size & Forecast 2018-2028F, USD Million
-Food & Beverages- Market Size & Forecast 2018-2028F, USD Million
-Chemicals and Materials- Market Size & Forecast 2018-2028F, USD Million
-Electrical and Electronics- Market Size & Forecast 2018-2028F, USD Million
-Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
-Energy- Market Size & Forecast 2018-2028F, USD Million
-Oil & Gas- Market Size & Forecast 2018-2028F, USD Million
-Metal & Mining- Market Size & Forecast 2018-2028F, USD Million
-Healthcare- Market Size & Forecast 2018-2028F, USD Million
-Retail- Market Size & Forecast 2018-2028F, USD Million
-Transportation- Market Size & Forecast 2018-2028F, USD Million
-Agriculture- Market Size & Forecast 2018-2028F, USD Million
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Exploring the Geographical Landscape of the Global Industrial Internet of Things (IIoT) Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific..
Do You Know Who are the Leading Companies in the Global Industrial Internet of Things (IIoT) Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the Global Industrial Internet of Things (IIoT) Market companies:
-Cisco Systems, Inc.
-GE
-Honeywell
-Intel
-IBM
-ABB
-Telefonica
-Robert Bosch
-Rockwell Automation
-Siemens
-Accenture
-Capgemini
-Texas Instrument.
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Key Questions Addressed in the Global Industrial Internet of Things (IIoT) Market Research Report:
- What is the estimated size, share, and CAGR of the Global Industrial Internet of Things (IIoT) Market in the forecast period?
- What are the key trends projected to impact the Global Industrial Internet of Things (IIoT) Market during 2023-2028?
- What are the different segments & sub-segments considered in the Global Industrial Internet of Things (IIoT) Market research study?
- Who are the key stakeholders and players participating in the Global Industrial Internet of Things (IIoT) Market?
- What are the major aspects creating opportunistic arena for the Global Industrial Internet of Things (IIoT) Market?
- What would be the demand for different types of products/services in the Global Industrial Internet of Things (IIoT) Market through 2028?
- What all factors would create challenge for the Global Industrial Internet of Things (IIoT) Industry growth?
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