Opportunities and Forecasts, 2017 – 2023 Pages : 140 Publish Date: Feb 2018
Industrial Internet of Things (IIoT) Market North America holds the largest share in the global IIoT market. Deployment of advanced IoT technologies such as Industry 4.0, virtual reality & augmented reality and artificial intelligence, introduction to cloud‐“based services, change management, and predictive maintenance and visibility are expected to boost the IIoT market in North America. Seapee Bajaj Lead Analyst, Semiconductors & Electronics at AMR.
Industrial Internet of Things (IIoT) Market • Industrial Internet of Things (IIoT) Market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023. Advancement in technologies has helped key players, such as to offer enhanced IIoT offerings to their end users. Integration of smart sensors into industrial machines encouraged the manufacturers to reduce the operational cost by 50% and is expected to decrease further during the forecast period. • IIoT is a network of multiple devices connected through communications technologies. The sub-systems are able to collect, monitor, analyze, and deliver insights for driving business decisions for the industrial companies. IIoT is an integration of advanced technologies such as Machine-to-Machine (M2M) communication. • Read more at : https://www.alliedmarketresearch.com/industrial-internet-of-things-IIOT-market
Industrial Internet of Things (IIoT) Market Key Benefits • Hardware components are projected to continue to maintain their leading position during the forecast period. • Manufacturing application is projected to continue to maintain its leading position till 2023. • Asia-Pacific is expected to exhibit promising growth rate during the forecast period. • IIoT industry participants is anticipated to focus on introducing new products with innovations and partnerships to improve their market share.
Key Players in Industry • Cisco Systems, Inc. • General Electric • Intel Corporation • Rockwell Automation, Inc. • ABB Group • Texas Instruments Inc. • DassaultSystmes • Honeywell International Inc. • Huawei Technology Co., Ltd. • IBM Corporation • Download free Sample Report : • https://www.alliedmarketresearch.com/request-sample/4553
Industrial Internet of Things (IIoT) Market By Geography • North America, Europe, Asia-Pacific, LAMEA
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