The Industrial Internet of Things (IIoT) Market Updates : Projected to Surpass USD 298.25 Billion by 2030


Posted September 13, 2024 by Rutuja123

The Industrial Internet of Things (IIoT) integrates smart sensors, actuators, and devices to optimize manufacturing and industrial processes through data collection, exchange, and analysis.

 
The Industrial Internet of Things (IIoT) Market size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030.

The Industrial Internet of Things (IIoT) Market Overview

The The Industrial Internet of Things (IIoT) Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the The Industrial Internet of Things (IIoT) Market, as well as the causes for variances in the industry’s growth in various places

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The Industrial Internet of Things (IIoT) Market Report Scope and Research Methodology

This study offers a thorough analysis of the The Industrial Internet of Things (IIoT) # market with a particular emphasis on the key players’ tactics, geographic locations, and market segments. In addition to offering insights on import/export consumption, supply and demand, price, cost, and gross margins, it analyses opportunities, challenges, drivers, and restraints at the regional and segment-specific levels. To guarantee accuracy, information from primary and secondary research methods such as questionnaires, phone interviews, and surveys was employed. To assess the benefits and drawbacks of the market, a SWOT analysis was done.

Segment-wise analysis of the market is divided into The Industrial Internet of Things (IIoT) Market . Regional analysis of the The Industrial Internet of Things (IIoT) market conducted at local, regional and global levels. The report also provides information on the emerging regions that are expected to be major markets for the The Industrial Internet of Things (IIoT) market. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the The Industrial Internet of Things (IIoT) market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the The Industrial Internet of Things (IIoT) Market.

The Industrial Internet of Things (IIoT) Market Dynamics:-

The Industrial Internet of Things (IIoT) market is anticipated to grow rapidly owing to different factors such as infrastructural development across globe and advantages offered by TMT bars over torsional bars. The Industrial Internet of Things (IIoT) market is further driven by different factors such as rise in demand for low-cost reinforcement bars. Rise in investment by countries such as China in heavy industry is anticipated to provide potential growth opportunities to the market players during the forecast period. However, technical constraints concerned with higher grade TMT bars are anticipated to hamper the market growth.

The Industrial Internet of Things (IIoT) market is segmented by diameter, by application, by grade, and by region. On the basis of diameter, the market is divided into 68 mm, 812 mm, and 12 mm & Above The Industrial Internet of Things (IIoT)s. By application, The Industrial Internet of Things (IIoT) is classified into residential, commercial, and infrastructure applications. According to grade, The Industrial Internet of Things (IIoT) is bifurcated into FE-415, FE-500, FE-550, FE-600, and others. Geographically market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The Industrial Internet of Things (IIoT) Market Regional Insights

Regional analysis is conducted to assess the status of the The Industrial Internet of Things (IIoT) market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The The Industrial Internet of Things (IIoT) market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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The Industrial Internet of Things (IIoT) Market Segmentation

by Software

PLM
MES
SCADA
Outage Management System
Distribution Management System
Visualization Software
Transit Management System
Remote Patient Monitoring
Farm Management System


by Vertical

Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture


by Component

Hardware
Software
Services

The Industrial Internet of Things (IIoT) Market Key Players

Industrial Internet of Things (IIoT) Providers in North America
1. Cisco - United States
2. GE (General Electric) - United States
3. Intel - United States
4. Rockwell Automation - United States
5. Texas Instruments - United States
6. Honeywell - United States
7. IBM (International Business Machines Corporation) - United States
8. PTC - United States
9. AT&T - United States
10. Qualcomm - United States
11. Accenture - United States
12. Amazon - United States
Industrial Internet of Things (IIoT) Providers in Europe
13. ABB - Switzerland
14. Bosch - Germany
15. Atos - France
16. Kuka - Germany
Industrial Internet of Things (IIoT) Providers in Asia-Pacific:
17. Huawei Technologies - China
18. NEC Corporation - Japan

Key questions answered in the The Industrial Internet of Things (IIoT) Market are:

What is The Industrial Internet of Things (IIoT) ?

What was the The Industrial Internet of Things (IIoT) market size?

What is the growth rate of the The Industrial Internet of Things (IIoT) Market?

Which are the factors expected to drive the The Industrial Internet of Things (IIoT) market growth?

What are the different segments of the The Industrial Internet of Things (IIoT) Market?

What growth strategies are the players considering to increase their presence in The Industrial Internet of Things (IIoT) ?

What are the upcoming industry applications and trends for the The Industrial Internet of Things (IIoT) Market?

What segments are covered in the The Industrial Internet of Things (IIoT) Market?

Who are the leading companies and what are their portfolios in The Industrial Internet of Things (IIoT) Market?

What segments are covered in the The Industrial Internet of Things (IIoT) Market?

Who are the key players in the The Industrial Internet of Things (IIoT) market?

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Key Offerings:

Past Market Size and Competitive Landscape

Past Pricing and price curve by region

Market Size, Share, Size & Forecast by Different Segment |

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

Market Segmentation – A detailed analysis by segment with their sub-segments and Region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER’s analysis

Value chain and supply chain analysis

Legal Aspects of Business by Region

Lucrative business opportunities with SWOT analysis

Recommendations

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Last Updated September 13, 2024