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NEW YORK, June 20, 2022 /PRNewswire/ — The Industrial Internet of Things (IoT) Market size is expected to grow by USD 421.28 billion at a CAGR of 32.95% as per the latest market report by Technavio. 36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the global industrial internet of things market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The market in this region will increase at a quicker rate than the market in other regions. The growth in industrial automation will facilitate the global industrial internet of things market growth in APAC over the forecast period.
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Read the 120-page report with TOC on “Industrial Internet of Things Market Analysis Report by End User (manufacturing, energy and utilities, automotive and transportation, healthcare, and others) and Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts,2021-2025″.
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One of the primary factors driving the global industrial internet of things market is the rise of industrial automation. Manufacturing processes are used in process sectors such as food and beverage to convert raw materials into finished items, which necessitates a high level of automation due to the employment of a range of complicated manufacturing equipment.
Process automation is gaining traction in a variety of industries because it requires less human interaction and improves throughput, efficiency, dependability, and safety. As a result, process sectors are increasingly adopting industrial automation systems.
However, a major obstacle to the worldwide industrial internet of things market growth is a lack of awareness of effective management of IoT efforts and investments.
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Major Five Industrial Internet of Things Companies:
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ABB Ltd.- The company offers ABB integrated internet platform and cloud infrastructure.
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Cisco Systems Inc.- The company offers a secure and reliable network foundation such as factort networking, edge computing, and others.
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General Electric Co.- The company offers a wide range of IoT solutions through its subsidiary, GE Digital.
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Honeywell International Inc.- The company offers complete set of secure, IIoT-ready solutions across all elements of the industrial internet.
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Intel Corp.- The company offers road portfolio of technology, solutions, and tools to facilitate more strategic decision-making, operational advancements, and industry-defining disruption.
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Industrial Internet Of Things Market End User Outlook (Revenue, USD bn, 2021-2025)
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Manufacturing – size and forecast 2021-2025
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Energy and utilities – size and forecast 2021-2025
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Automotive and transportation – size and forecast 2021-2025
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Healthcare – size and forecast 2021-2025
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Others – size and forecast 2021-2025
Industrial Internet Of Things Market Geography Outlook (Revenue, USD bn, 2021-2025)
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North America – size and forecast 2021-2025
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APAC – size and forecast 2021-2025
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Europe – size and forecast 2021-2025
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South America – size and forecast 2021-2025
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MEA – size and forecast 2021-2025
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Global Industrial Internet Of Things Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 32.95% |
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Market growth 2021-2025 |
$ 421.28 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
29.48 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
APAC at 36% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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SOURCE Technavio
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