Industrial IoT Market Analysis and Forecasts Research Report 2028

Posted by Pradip on November 18th, 2021

The global Industrial IoT Market will be worth USD 128.09 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of the Industrial IoT solutions by industrialists and manufacturers. The growing need to improve productivity, enhance the workers\' safety, and reduce the operating and manufacturing costs is expected to drive the growth of the Industrial IoT technologies over the forecast period. The rising need to reduce the risk of cyber and data breaches caused by human errors is most likely to fuel the demand for Industrial IoT technologies

The study on the Industrial IoT market applies research methodologies including the investigation and interview techniques to weigh up on the product price, revenue, import and export status and prouction capability of the manufacturers operating in the Industrial IoT market for the forecast period, 2020 - 2027. The market intelligence report focuses primarily on the market size, share and growth rate of the industry during the estimated period with the aim to help business owners make a wise investment decision and chalk out a blueprint of profitable business strategies.

Key Highlights From The Report

  • In June 2020, Wipro Ltd and IBM collaborated to help enterprises, startups with cloud services. Through this collaboration, Wipro will develop hybrid cloud offerings to help businesses manage, migrate, and transform critical workloads and applications, with security across private or public cloud and on-premises IT environments. The partnership will also provide customers remote access to Red hat and IBM solutions.
  • The solution segment held the largest market share of 47.5% in 2019. Increasing investments of the Industrial IoT solution providers for the launch of technologically advanced information systems for the industrial sector is expected to drive the segment\'s growth.
  • Logistics & Transport are forecasted to grow with the fastest CAGR of 9.3% over the forecast period. Increasing adoption of the Industrial IoT technologies in the logistics & Transportation sector is expected to drive the segment\'s growth.
  • The Asia Pacific accounted for the largest market share of the Industrial IoT market in 2019. Increasing adoption of intelligent technologies and advanced factory automation in developing economies is expected to drive this region\'s growth.
  • Key participants include GE, Intel, Cisco, IBM, Siemens, Honeywell, Rockwell Automation, Texas Instruments, ABB, and Kuka, among others.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/industrial-iot-market

Emergen Research has segmented the global Industrial IoT Market on the basis of Component, End User, and region:

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Services (Managed, Professional)
    • Solution (Analytics, Remote Monitoring, Security Solutions, Data Management)
    • Platform (Application Management, Connectivity Management, Device Management)
  • End-User Outlook (Revenue, USD Billion; 2017-2027)
    • Energy & Power
    • Healthcare
    • Agriculture
    • Manufacturing
    • Oil & Gas
    • Logistics & Transport
    • Others

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Pradip
Joined: December 23rd, 2019
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