Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
A network of interconnected sensors and devices known as the Industrial Internet of Things (IIoT) is used to improve manufacturing and industrial operations. The ability to monitor, acquire, analyse, and communicate data is made possible by the network's intelligent sensors and actuators, which improves overall operational performance and visibility. Modern technologies like big data, sensor data, machine learning, and automation enable a significant rise in productivity while reducing a number of recurrent issues. Other advantages include cost-effectiveness, preventive maintenance, real-time monitoring, asset optimization, and remote diagnostics. It is widely used across a variety of sector verticals, including healthcare, retail, advertising, and agriculture, as a result of these advantages.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/industrial-iot-market/requestsample
There are many benefits associated with IIoT, which can be credited for its quick global acceptance. Through value addition to the businesses, its use helps an industry’s safety, quality, and productivity, which results in higher customer satisfaction and retention. This is assisting in the creation of successful business models and giving the market growth a boost, especially in light of the growing desire for cloud integration. Furthermore, a bright prognosis for the market is anticipated as a result of linked automobiles’ recent rise in popularity. The sharing of real-time status and data, which greatly lowers on-road traffic and enables structured fleet management, is made possible by the IIoT.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being Cisco Systems, Inc. (CSCO), Ge, Honeywell (NYSE: HON), Intel, IBM, ABB, Rockwell Automation, Siemens, Huawei, Bosch, Kuka, Texas Instrumemts, Dassault Systemes, PTC, ARM, NEC, etc
For more information about this report visit: https://www.imarcgroup.com/industrial-iot-market
Global Industrial IOT Market Coverage and Industry Segmentation:
The report cover the below key market segments
Breakup by Component:
Hardware
Software
Services
Connectivity
Breakup by End-User:
Manufacturing
Energy and Utilities
Automotive and Transportation
Healthcare
Others
Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group