Lucintel's latest market report analyzed that industrial IoT provides attractive opportunities in the manufacturing, transportation, energy, retail, healthcare, and other industries. The industrial IoT market is expected to reach $403.3 billion by 2027 with a CAGR of 20%. In this market, manufacturing is the largest segment by end use industry, whereas wireless is largest by connectivity. Growing adoption of artificial intelligence in IoT applications, edge computing, and blockchain technology in IoT provides strategic growth path in this market.
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Based on end use industry, the industrial IoT market is segmented into manufacturing, transportation, energy, retail, healthcare, and others. The manufacturing segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to predicative maintenance, demand for technology advancement and need for improved operation efficiency in various industries.
Browse in-depth TOC on “Industrial IoT Market”
68 – Tables
107 – Figures
205 – Pages
The Industrial IoT Market is marked by the presence of several big and small players. Some of the prominent players offering industrial IoT include PTC, SAP, Cisco, General Electric, Siemens, IBM, Intel Corporation, Huawei, and Microsoft.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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