Industrial Internet of Things (IoT): Top Drivers that will Enable COVID-19 Recovery
Growth Drivers and Market Forecast for 2021-2025
The Industrial Internet Of Things (IoT) Market is projected to post an incremental growth of $ 421.28 bn, at a CAGR of almost 33% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.
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Industrial Internet Of Things (IoT) Market: What are the factors that will drive market growth?
One of the key factors that will drive growth is increase in data generation using IIoT. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
Industrial Internet Of Things (IoT) Market: Segment List
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Industrial Internet Of Things (IoT) Market is segmented by End-user (Manufacturing, Energy and Utilities, Automotive and transportation, Healthcare, and Others) and Geography (North America, APAC, Europe, South America, and MEA). Request our Free Sample Report
Industrial Internet Of Things (IoT) Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Cisco Systems Inc., General Electric Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Industrial Internet of Things (IoT) Market Size to Grow by $ 421.28 bn During 2021-2025
Technavio has been monitoring the industrial internet of things (IoT) market and it is expected to grow by $ 421.28 bn, accelerating at a CAGR of almost 33% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Industrial Internet Of Things (IoT) Market: APAC to lead market growth during the forecast period
Industrial Internet Of Things (IoT) Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Cisco Systems Inc., General Electric Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Industrial Internet Of Things (IoT) Market: Key Highlights of the Report for 2021-2025
The industrial internet of things (IoT) market size has the potential to grow by USD 421.28 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 32.95%.
This report provides a detailed analysis of the market by end-user (manufacturing, energy and utilities, automotive and transportation, healthcare, and others), geography (North America, APAC, Europe, South America, and MEA), and key vendors. View Free Sample Report
APAC to lead market growth during the forecast period
36% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial internet of things (IoT) in APAC. Market growth in this region will be faster than the growth of the market in other regions. Growing investments in the implementation of IIoT is one of the prime factors that will facilitate the industrial internet of things (IoT) market growth in APAC over the forecast period.
The manufacturing segment includes the machinery, food and beverage, chemicals and materials, and electrical and electronics segments. Manufacturers worldwide are reaping the benefits of IoT technology in terms of enhancing business productivity and gaining a competitive advantage.
Industrial Internet of Things ( IoT) Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Cisco Systems Inc., General Electric Co., Honeywell International Inc., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Industrial Internet of Things ( IoT) Market: Key Highlights of the Report for 2021-2025
