Industrial Internet of Things (IIoT) Market by Services Agriculture, ManufacturiPosted by mayuri d on October 26th, 2017 The industrial internet of things is a term used to describe the interconnectivity of industrial processes and manufacturing equipment by adoption of IOT technology. The adoption of sensors in industries have given the birth to industrial IOT market. Sensors help convert information from analog to digital. Data networking and computing power have increased the demand for sensors in the automation industry. Continuous development of sensors technology and adoption of data, computing, and connectivity technology, analytics and artificial intelligent, human machine interaction, and digitalization are major factors driving growth to the industrial IOT market. Request sample of Industrial Internet of Things Market: https://www.coherentmarketinsights.com/insight/request-sample/816 Industrial Internet of Things Market Taxonomy On the basis of service, the global industrial internet of things market is segmented into: Professional services Managed Services The managed service segment held the dominant position in 2016 and is projected to maintain its dominance throughout the forecast period. Increasing government initiatives towards digitalization and increasing government investments to boost the adoption of IOT technology in various industries such as utilities and manufacturing are expected to drive growth of the IOT market. The professional services segment is expected exhibit the highest CAGR over the forecast period. On the basis of solution, the global industrial internet of things market is segmented into: Real-Time Streaming Analytics Security Data Management Remote Monitoring Network Bandwidth Management On the basis of platform type, the global industrial internet of things market is segmented into: Device Management Application Management Network Management Get best discount on this report:https://www.coherentmarketinsights.com/insight/request-discount/816 On the basis of verticals, the global industrial internet of things market is segmented into: Agriculture Manufacturing Automotive& machinery Food and Beverage Chemicals and Materials Electronics and Utilities Healthcare and Pharmaceuticals Metals and Mining Oil and Gas Retail Transportation Others The manufacturing segment held a dominant position in 2016. This segment is projected to maintain its dominance throughout the forecast period. The high adoption of wireless connectivity, sensors, and software solutions help create communication networks using IP connectivity. This in turn, helps reduce the production cost and time. Industrial Internet of Things Market Outlook – Asia Pacific holds significant market share On the basis of geography, the global industrial internet of things market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global industrial internet of things market and is projected to retain its dominance throughout the forecast period. Growing digitalization and high adoption of IOT solutions by manufacturing and automation industries have contributed to growth of the market in North America. Similarly, the Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, china, Japan, and South Korea are some of the major countries that help drive growth of the market for IOT in the Asia Pacific region. Dense population, increasing disposable income, and large scale industrialization in the region are boosting growth of the market. In addition to this, the increasing adoption of digitalization by various industries to reduce the production time and operating costs also create a conducive environment for growth of the industrial IOT market in Asia Pacific. Key Players in the Global Industrial Internet of Things Market ABB, ARM Ltd., Cisco Systems, Inc., Dassault Systèmes, General Electric, Honeywell International Inc., Huawei Technology Co., Ltd., Intel Corporation, Rockwell Automation, Inc., and Texas Instruments Inc. are some of the major players in the global industrial internet of things market. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Like it? Share it! More by this author |