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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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 33%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 421.28 bn through 2021-2025.
    
3. What is a key factor driving this market?
   increase in data generation using IIoT will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   36% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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.
    
7. What are the market segments covered in this report?
   The 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)

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

• 36% of the market growth will originate from APAC during the forecast period.
• Advances in sensor technologies and innovations will be a key trend that will influence market growth significantly.
• The Increase in data generation using IoT will be a significant factor in driving the growth of the industrial internet of things (IoT) market.

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive industrial internet of things (IoT) market growth during the next five years
• Precise estimation of the industrial internet of things (IoT) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial internet of things (IoT) market industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial internet of things (IoT) market vendors

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. 

• The recent increase in data generation using IIoT is a significant factor that will spur growth in this market during the forecast period.
• Advances in sensor technologies and innovations in material sciences have led to the proliferation of different types of sensors.

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive Industrial Internet Of Things IoT) Market growth during the next five years
• Precise estimation of the industrial internet of things IoT) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Industrial internet of things IoT) market vendors