Industrial Internet of Things (IIoT) Market Leveraging Demand From Healthcare
Posted by IndustryARC on June 17th, 2019
Increasing digitization, governmental efforts for achieving a green economy, increased sustainable use of resources, zest of industrial players for reduced operational costs, better return of investment, minimized electrical usage, and optimum level of asset utilization are some of the factors that will be the driving forces for the global industrial internet of things market in the near future, according to a business intelligence report published by IndustryARC.
The report is titled ‘Industrial Internet of Things (IIoT) Market: By Component (Transmitters, Memory, Processors, Networking Components, Battery Management, Others); By Connectivity (Wired, Wireless, Others); By Software (Middleware & APIs, Data Analytics, Others); By Solution (Component, Network Connectivity, Others); By Industry Vertical (Oil & Gas, Energy, Healthcare, Others); & By Geography Forecast (2018-2023).’ Automation analyst at IndustryARC has spent a considerable amount of time analysing the market in order to statistically present important aspects of this market including growth drivers, trends, market opportunities, and segmentation.
View Full Table of Contents of Industrial Internet of Things (IIoT) Market:
Global IIoT Market: Regional Analysis
The global industrial internet of things market is geographically led by the Americas due to several propelling factors. According to the report, both North and South America collectively held 41.3% of the total demand share of the market in the year 2017, and experienced growth with a compound annual growth rate of 23.8%. Usability of IIoT in the healthcare sector has majorly driven the market. According to a survey conducted by Becker’s hospitals, around 85% of the entire hospital base in US makes use of IoT. In South America, Argentina has made plans to investment in corporate pipelines for oil and gas which will use sensor technology to detect failures and leakages. These pipelines will link Vaca Muerta to Buenos Aires and is proposed to be constructed in .8 billion. Investments of these sizes are set to boost the global IIoT market.
IIoT Market - Growth Drivers and Disruptive Trends
Governments of nearly countries are consistently making efforts to achieve green economy and sustainable goals in accordance with climate change. This is serving as an important growth driver for the market. For instance, Chicago government has introduced the Smart Green Infrastructure Monitoring Project to reduce urban flooding and prevent damage of constructional property. This could not have been possible without Internet of Things technology. IoT also helps in reducing operational costs, thereby leading to considerable financial savings. Industries and manufacturing units are impotent without the presence of energy. Sensors and smart technologies can help cut back on bills in a significant amount. Enlighted, a Silicon valley based company has used Internet of Things technology to reduce clients’ lighting bills by 60%-70%, and air conditioning bills by 20%-30%.
Global IIoT market is getting disrupted by the rising need for smart products across major industry vehicles. Connected devices are getting increasingly popular in healthcare industry as they are being used in hospitals for tracking patient activity in all the floors without manual intervention. Critical hardware is also prevented from breaking using IoT and causing loss to patients’ lives.
Another disruptive technology is replacement of wired networks with wireless technology. Wireless HART, one of the most widely used IoT based industrial products uses self-organising and self-healing mesh architecture for process automation in industries.
Global IIoT Market: Competitive Landscape
Key market players that have made recent developments in the market and been ahead of the curve are ABB Group, Rockwell Automation, Huawei Technologies Co. Ltd., ARM, Cisco, General Electric, Honeywell International, Inc., Intel, Melexis, and Siemens.
What can you expect from the report?
The Industrial Internet of Things (IIoT) Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Industrial Internet of Things (IIoT) Market Size by Product Categories & Application
2. Industrial Internet of Things (IIoT) Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Industrial Internet of Things (IIoT) Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Industrial Internet of Things (IIoT) Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Industrial Internet of Things (IIoT) Market Strategic Analysis
18. Industrial Internet of Things (IIoT) Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Industrial Internet of Things (IIoT) Market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Mr. Venkat Reddy
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