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Industrial Internet of Things Market Size & Share Report 2030

Industrial Internet of Things Market Size, Share & Trends Report

Industrial Internet of Things Market Size, Share & Trends Analysis Report By Component (Hardware, Solution), By End Use (Aviation, Metal & Mining), By Software, By Connectivity Technology, By Device & Technology, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-1-68038-803-9
Number of Report Pages: 150
Format: PDF, Horizon Databook

Historical Range: 2018 - 2022
Forecast Period: 2024 - 2030
Industry: Technology

Industrial Internet of Things Market Trends

The global industrial internet of things market size was estimated at USD 394.00 billion in 2023 and is projected to grow at a CAGR of 23.2% from 2024 to 2030. The increasing availability of affordable processors and sensors that can provide real-time access to information along with advancements in technology are expected to drive the market growth.

Industrial Internet of Things Market Size by Component, 2020 - 2030 (USD Billion)

The growing need to improve operational competence along with considerable collaboration between the key companies is further fueling the market growth. Several techniques are also being developed to create a united digital-human workforce, which is projected to provide significant growth opportunities.

The significant advantages associated with the industrial IoT such as automated quality assurance monitoring, large-scale profit margins through improvement in power efficiency, productivity improvement, and efficiency of the manufacturing industry, among others are anticipated to drive the market growth further.

Industrial IoT has the potential and capabilities to support industries in reducing operating costs, assuring worker safety, and increasing throughput. By offering measurable outcomes apart from selling solutions, companies are progressively building new product and service hybrids to strengthen their position and generate new revenue streams. This, in turn, is anticipated to boost the market growth in the coming years.

The market is witnessing a constant rise in the adoption of IoT, owing to the presence of numerous factors such as technological advancements in wireless network technologies, and strong penetration of Wi-Fi connectivity for machine sensors in factories. Furthermore, the growth in the development of smart cities along with smart transportation leads to increased adoption of IoT, which is expected to propel the market growth in the coming years.

The technology is aiding organizations to use sophisticated analytics and methodologies like Machine Learning (ML) and Artificial Intelligence (AI) to deliver prescriptive and predictive analytical solutions, paving the way for the sector to take advantage of new opportunities. The continuous learning process associated with ML and AI without any interruptions and downtime make it a more demanding tool in the industrial IoT market, which in turn is driving the market growth in the coming years.

Industrial IoT is increasingly adopting edge computing due to its next-generation capabilities, such as its ability to offer IoT devices independence for analysis and data management. The architecture of edge computing enables instant response time as data processing occurs with reduced latency, which helps in noticing immediate and sudden changes in power flows that helps engineers engage in better decision-making. This architecture of edge computing is projected to create huge demand and is expected to drive the market growth further.

Market Concentration & Characteristics

The market growth stage is high, and the pace is accelerating. The market is characterized by a high degree of innovation, owing to the increasing availability of affordable processors and sensors that can process real-time data and help companies make informed decisions.

The market is also characterized by a high level of merger and acquisition (M&A) activities by the leading market companies. The industry participants are expanding their portfolios by investing in product research & development and incorporating the latest technologies, which increases market growth.

Industrial Internet of Things Market Concentration & Characteristics

The market is also subject to increasing regulatory scrutiny. This is due to concerns related to data protection, cybersecurity regulations, and environmental regulations, among others. Some regions have laws and regulations governing the localization and sovereignty of data. These regulations could have a significant impact on the market growth, affecting the development and adoption of the technology.

The industrial IoT is a distinctive and developing technology, and there are a limited number of substitutes. However, other technologies such as Industry 4.0, SCADA (Supervisory Control and Data Acquisition), and edge computing serve similar purposes or address specific aspects of industrial IoT. These mediums can be used as an alternative to IIoT, but they typically address specific aspects of industrial connectivity, automation, and data analysis.

End use concentration is a significant factor in the IIoT market, as a number of industry verticals are adopting various IIoT solutions. The rising demand for IIoT solutions, including remote monitoring, data management, and analytics, among others, creates opportunities for companies that focus on evolving IIoT solutions for these industries.

Component Insights

Based on component, the solution segment led the market with the largest revenue share of 52% in 2023 and is likely to dominate the market growth over the forecast period. Solution providers are focusing on launching innovative information systems for various sectors and industrial verticals to grow their market share.

The service segment is projected to grow at the fastest CAGR of 24.3% from 2024 to 2030. The growth is attributed to a significant rise in the number of connected devices, which produce an enormous amount of data. In addition, IoT applications rely on centralized cloud services to manage data flow and overall processes associated with the industry. Edge computing is also anticipated to change the industry by providing real-time analytical solutions and mechanisms for decentralizing storage and transactions across the network.

End Use Insights

Based on end use, the manufacturing segment led the market with the largest revenue share of 18.22% in 2023 and is predicted to lead the market growth over the forecast period. With the introduction of Industry 4.0, IIoT is gaining popularity in discrete manufacturing as well as process manufacturing as it offers several possibilities to optimize operations, decrease downtime, increase efficiency, and aid in making data-driven decisions, which increases profit margins and lowers costs with fast returns on IoT adoption. In addition, manufacturing industries are leveraging digital manufacturing technologies quickly, and the implementation of IoT plays a significant role in these advanced technologies, which is expected to boost market growth.

The logistics & transport segment is anticipated to grow at the fastest CAGR from 2024 to 2030. This growth is attributed to the significant emphasis logistics placed by transportation companies on enhancing asset management. As a result, it leads to the implementation of smart transportation.

Modern alternatives like Bluetooth Low Energy (BLE) tags are also gaining popularity. These types of technologies possibly help in tracking data in more confined, smaller regions along with enhancing operational management, which is expected to fuel the market growth further.

Connectivity Technology Insights

Based on connectivity technology, the wireless technology segment accounted for the largest market share in 2023, due to the increasing demand for flexible, scalable, and cost-effective communication solutions in industrial environments. Wireless technologies, such as 5G, Wi-Fi, and Bluetooth, offer several advantages over wired connections, including improved mobility, easier installation, and reduced infrastructure costs. In addition, the growing adoption of Industry 4.0 and the need for real-time data exchange, remote monitoring, and predictive maintenance is further driving the adoption of wireless IIoT solutions.

The wired technology segment is expected to register at a significant CAGR from 2024 to 2030. The growth is attributed to its reliability, security, and high data transfer speeds. Wired connections, such as Ethernet and fieldbus protocols, are widely used in industrial settings since they offer consistent and stable communication, which is crucial for real-time monitoring, control, and data exchange in critical applications like manufacturing, energy, and transportation. The growth of the wired technology segment is further driven by the increasing adoption of industrial automation and the need for robust communication infrastructure to support advanced applications like predictive maintenance and smart factories.

Software Insights

Based on software, the product lifecycle management segment accounted for the largest market share in 2023, owing to the increasing adoption of PLM solutions to manage complex product lifecycles and facilitate various stages of product design, development, and introduction. The integration of advanced technologies like the Internet of Things (IoT) and virtual reality (VR) is further enhancing PLM capabilities, driving the demand for these solutions across industries such as automotive, aerospace, and healthcare. The growing need for cloud-based PLM solutions to ensure scalability, security, and cost optimization is also contributing to the segment's growth.

The manufacturing execution systems segment is expected to register at a significant CAGR from 2024 to 2030. MES software integrated with IIoT technologies enables real-time monitoring, data analytics, and process optimization, allowing manufacturers to make data-driven decisions, reduce downtime, and enhance overall equipment effectiveness. The growing demand for flexible, scalable, and cloud-based MES solutions that can seamlessly integrate with existing enterprise systems and leverage emerging technologies like artificial intelligence and machine learning is driving the rapid growth of this segment.

Device & Technology Insights

Based on device & technology, the sensors segment accounted for the largest market share in 2023, owing to the increasing adoption of sensor technologies across various industries to enable real-time monitoring, data collection, and process optimization. The declining costs and increasing capabilities of sensors have made them more accessible and attractive for industrial applications. Furthermore, the growing demand for predictive maintenance, asset tracking, and condition monitoring is driving the adoption of advanced sensor technologies in industries such as manufacturing, energy, and transportation.

The industrial robotics segment is expected to register at the fastest CAGR from 2024 to 2030. The growth is attributed to the increasing adoption of automation and smart manufacturing technologies across various industries. Robotic systems integrated with IIoT enable real-time monitoring, data analysis, and remote control, leading to improved efficiency, productivity, and cost savings. In addition, advancements in artificial intelligence, machine learning, and 5G technology are enhancing the capabilities of industrial robots, making them more intelligent, adaptable, and connected, further accelerating their market growth in the coming years.

Regional Insights

North America dominates the industrial internet of things market with the largest revenue share of 32.0% in 2023 and is expected to retain its dominant position during the forecast period. This is attributed to the early adoption and implementation of industrial IoT technology across the region. Moreover, strong government support for promoting digitalization across the industrial sector, an increase in the usage of industrial IoT devices, and increasing adoption of innovative technologies like cloud computing and AI is expected to drive the market growth during the forecast period.

Industrial Internet of Things Market Trends by Region, 2024 - 2030

U.S. Industrial Internet of Things Market Trends

The industrial internet of things market in U.S. is expected to grow at the fastest CAGR of over 18% from 2024 to 2030,driven by a strong technology infrastructure, widespread adoption of advanced manufacturing processes, and a focus on improving operational efficiency and competitiveness.

Europe Industrial Internet of Things Market Trends

The industrial internet of things market in Europe is expected to witness at the fastest CAGR of over 22% from 2024 to 2030. The growing need for virtualized environment along with AI, ML, cloud, analytics, security, digitization, connected device, and networking is expected to drive the adoption of industrial IoT in the European region. European countries witness a wide scale application of health-specific individual wellness, including wearable heart rate, blood pressure and glucose level monitors, and telehealth systems, which exchange medical data between medical professionals, sites, and patients. The surge in adoption of industrial IoT in other sectors such as retail and government are expected to contribute to regional growth.

The UK industrial internet of things market accounted for the revenue share of nearly 22% in Europe in 2023. The market is expanding due to a robust manufacturing sector, government initiatives supporting Industry 4.0, and a push towards digital transformation to enhance productivity and innovation.

The industrial internet of things market in Germany is expected to witness at a significant CAGR of around 21% from 2024 to 2030. As a manufacturing powerhouse, Germany benefits from industry 4.0 initiatives, a highly skilled workforce, and a tradition of engineering excellence. These factors contribute to the rapid growth of industrial IoT in the country.

The France industrial internet of things marketis expected to witness at the fastest CAGR during the forecast period. France is witnessing growth industrial IoT due to its emphasis on smart manufacturing, investments in research and development, and initiatives promoting the integration of digital technologies into industrial processes.

Asia Pacific Industrial IoT Market Trends

The industrial internet of things market in Asia Pacific is expected to grow at the fastest CAGR of over 26% from 2024 to 2030. The popularity of advanced factory automation systems is rising across the region, especially in China and Japan. The South Korea market size is growing exponentially following the technological adoptions such as 5G and industry 4.0 along with smart factory trends in the country. Manufacturing industries in the region are starting to recognize the benefits of using robot arm technology. Prominent countries in the region are also investing heavily in industry 4.0 as they want to be independent in terms of production and manufacturing. This, in turn, is expected to fuel the market growth across the region.

The China industrial internet of things market is expected to witness at a significant CAGR of over 24% during the forecast period. China's market is booming due to its status as a global manufacturing hub, significant government support, and a drive towards technological advancement and automation to enhance competitiveness.

The industrial internet of things marketin Japan is expected to witness at a significant CAGR of over 26% from 2024 to 2030. With a strong industrial base and a focus on innovation, Japan's industrial IoT growth is fueled by initiatives such as Society 5.0, which aims to integrate cutting-edge technologies into various industries for sustainable development.

The India industrial internet of things market is expected to grow at an exponential CAGR of over 29% from 2024 to 2030. India is experiencing industrial IoT growth owing to a burgeoning manufacturing sector, government initiatives like 'Make in India,' and an increasing focus on adopting digital technologies for operational efficiency and cost-effectiveness.

Middle East and Africa (MEA) Industrial IoT Market Trends

The industrial internet of things market in Middle East and Africa (MEA) is expected to witness at a considerable CAGR of over 25% from 2024 to 2030. Businesses across the Middle East & Africa are looking to expand their returns on huge asset investments with a precise analysis of their data and information. Several mining companies are optimizing their operations in real-time by connecting several plants to all others and their mine. The governments in these regions are also boosting the implementation of industrial IoT, which is expected to drive the regional markets in the coming years.

The Saudi Arabia industrial internet of things marketis expanding due to efforts to diversify the economy, investments in smart infrastructure, and a focus on digital transformation as part of the vision 2030 initiative.

Key Industrial Internet of Things Company Insights

Some of the key players operating in the global market include Microsoft Corporation, Amazon Web Services, Intel Corporation, among others.

Intel Corporation provide intelligence to buildings, machines, supply chains, manufacturing factories, electrical grids, and much more. To solve and analyze complex problems. The company collaborates with a leading technology partner to withstand the dynamic system and develop integrated solutions for IIOT
Amazon Web Services Company provides a globally accepted cloud platform. The company has managed and developed the cloud platform AWS IOT for the connected devices that can easily and securely get connected with the cloud platform. The company has the largest and most dynamic community and thousands of partners globally

Nidec Industrial Solutions, Texas Instruments are some of the emerging market participants in the global market

Texas Instruments manufactures the integrated circuits used in sensors to cloud. It helps increase the accuracy in sensing, understanding, and transmitting intelligent data. Texas Instruments has the most prominent cloud partner network in the industry as their design tools and system experts back circuits
Nidec Industrial Solutions operates as one of the leading suppliers of electrical products, including electric power and control systems, LV and MV drives, electric motors and generators, and precise Power Supply and Power Quality components

Key Industrial Internet of Things Companies:

The following are the leading companies in the industrial internet of things market. These companies collectively hold the largest market share and dictate industry trends.

ABB Ltd.
ARM Holding Plc
Atmel Corporation
Cisco Systems, Inc.
General Electric Company (GE)
Honeywell International Inc.
Intel Corporation
International Business Machines (IBM) Corporation
Microsoft Corporation
Rockwell Automation, Inc.
Schneider Electric SE
Siemens AG

Recent Developments

In July 2023, Honeywell acquired SCADAfence, a company that specializes in providing cybersecurity solutions for monitoring extensive operational technology (OT) Internet of Things (IoT) networks. This strategic move aligns with Honeywell’s emphasis on digitalization, sustainability, and OT cyber security SaaS solutions
In February 2023, Cisco launched new cloud services within its IoT Operations Dashboard. This launch aims to enhance visibility into industrial assets, offering secure management capabilities from any location. The new cloud services also facilitate a seamless transition for Industrial IoT customers towards cloud automation, specifically catering to Operational Technology (OT) teams
In March 2022, Intel Corporation launched the 12th generation Intel Core processors to get extreme business performance. The company has launched this in industrial IoT to increase the business class experience
In February 2022, Ericsson AB launched IoT Accelerator Connect, to offer easier connectivity in IoT with plug-and-play access to cellular IoT connectivity. It helps in instant onboarding and connecting devices to simplify and increase the successful application of enterprise IoT projects

Industrial Internet of Things Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 483.12 billion
Revenue forecast in 2030	USD 1,693.30 billion
Growth rate	CAGR of 23.2% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030
Report updated	July 2024
Quantitative units	Revenue in USD million/billion and CAGR from 2024 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Component, end use, software, connectivity technology, device & technology, region
Regional scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope	U.S.; Canada; Germany; UK; France; Italy; Spain; Benelux; Nordics; China; Japan; India; South Korea; Australia; Mexico; Brazil; Chile; Peru; UAE; Saudi Arabia; South Africa
Key companies profiled	ABB Ltd.; ARM Holding Plc; Atmel Corporation; Cisco Systems, Inc.; General Electric Company (GE); International Business Machines (IBM) Corporation; Intel Corporation; Rockwell Automation, Inc.; Siemens AG; Microsoft Corporation; Schneider Electric SE; Honeywell International Inc.
Customization scope	Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Industrial Internet of Things Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial internet of things market report based on component, end use, software, connectivity technology, device and technology, and region.

Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Solution
  - Remote Monitoring
  - Data Management
  - Analytics
  - Security Solutions
  - Others
- Services
  - Professional
  - Managed
- Platform
  - Connectivity Management
  - Application Management
  - Device Management
End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Aviation
- Metal & Mining
- Chemical
- Manufacturing
- Energy & Power
- Smart Grids
- Oil & Gas
- Healthcare
- Logistics & Transport
  - Intelligent Signaling System
  - Video Analytics
  - Incident Detection System
  - Route Scheduling Guidance System
- Agriculture
  - Precision Farming
  - Livestock Monitoring
  - Smart Greenhouses
  - Fish Farming
- Retail
  - Point of Sales
  - Interactive Kiosks
  - Self-Checkout Systems
- Others
Software Outlook (Revenue, USD Million, 2018 - 2030)
- Product Lifecycle Management
- Manufacturing Execution Systems
- SCADA
- Outage Management Systems
- Distribution Management Systems
- Remote Patent Monitoring
- Retail Management Software
- Visualization Software
- Transit Management Systems
- Farm Management Systems
Connectivity Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Wired Technology
  - Ethernet
    - Modbus
    - Profinet
    - CC-Link
  - Foundation Fieldbus
- Wireless Technology
  - Wi-Fi
  - Bluetooth
  - Cellular Technologies
    - 4G/LTE
    - 5G
  - Satellite Technologies

Device and Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Sensors
- Radio Frequency Identification (RFID)
- Industrial Robotics
- Distributed Control Systems
- Condition Monitoring
- Smart Meters
- Electronic Shelf Labels
- Cameras
- Smart Beacons
- Interface Boards
- Yield Monitors
- Guidance & Steering
- GPS/GNSS
- Flow & Application Control Devices
- Networking Technology
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - U.S.
  - Canada
- Europe
  - Germany
  - UK
  - France
  - Italy
  - Spain
  - Benelux
  - Nordics
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - Australia
- Latin America
  - Brazil
  - Mexico
  - Chile
  - Peru
- Middle East & Africa (MEA)
  - UAE
  - Saudi Arabia
  - South Africa

Frequently Asked Questions About This Report

How big is the industrial internet of things market?

b. The global industrial internet of things market size was estimated at USD 394.00 billion in 2023 and is expected to reach USD 483.12 billion in 2024.

What is the industrial internet of things market growth?

b. The global industrial internet of things market is expected to grow at a compound annual growth rate of 23.2% from 2024 to 2030 to reach USD 1,693.30 billion by 2030.

Which region accounted for the largest industrial internet of things market share?

b. North America dominated the industrial internet of things market with a share of around 32% in 2023. This is attributed to the early adoption and implementation of industrial IoT technology across the region. The region was also an early adopter of IIoT and has evolved into an innovation hotspot.

Who are the key players in the industrial IoT market?

b. Some key players operating in the industrial internet of things market include ABB; ARM Holding Plc; Atmel Corporation; Cisco Systems, Inc.; General Electric Company (GE); International Business Machines Corporation (IBM); Intel Corporation; Rockwell Automation, Inc.; Siemens AG; Microsoft Corporation and many others.

What are the factors driving the industrial internet of things market?

b. Key factors that are driving the industrial internet of things market growth include rising demand for a connected supply chain, which enables operational efficacy, flexibility, and conformance to regulations, and increasing availability of affordable sensors and processors that can provide real-time access to information.

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Table of Contents

Chapter 1. Methodology and Scope
  1.1. Market Segmentation & Scope
  1.2. Market Definitions
  1.3. Information Procurement
  1.3.1. Information analysis
  1.3.2. Market formulation & data visualization
  1.3.3. Data validation & publishing
  1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources
Chapter 2. Executive Summary
  2.1. Industrial Internet of Things Market Snapshot
  2.2. Industrial Internet of Things Market- Segment Snapshot (1/2)
  2.3. Industrial Internet of Things Market- Segment Snapshot (2/2)
  2.4. Industrial Internet of Things Market- Competitive Landscape Snapshot
Chapter 3. Industrial Internet of Things Market - Industry Outlook
  3.1. Market Lineage Outlook
  3.2. Industry Value Chain Analysis
  3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
  3.4. Industry Analysis Tools
  3.4.1. Porter’s analysis
  3.4.2. Macroeconomic analysis
  3.5. Impact of COVID-19 on Industrial Internet of Things (IIoT) Industry
Chapter 4. Industrial Internet of Things Market: Component Estimates & Trend Analysis
  4.1. Component Movement Analysis & Market Share, 2023 & 2030
  4.2. Industrial Internet of Things Market Estimates & Forecast, By Component (USD Million)
  4.2.1. Hardware
  4.2.2. Solution
  4.2.2.1. Remote Monitoring
  4.2.2.2. Data Management
  4.2.2.3. Analytics
  4.2.2.4. Security Solutions
  4.2.2.5. Others
  4.2.3. Services
  4.2.3.1. Professional
  4.2.3.2. Managed
  4.2.4. Platform
  4.2.4.1. Connectivity Management
  4.2.4.2. Application Management
  4.2.4.3. Device Management
Chapter 5. Industrial Internet of Things Market: End Use Estimates & Trend Analysis
  5.1. End Use Movement Analysis & Market Share, 2023 & 2030
  5.1.1. Industrial Internet of Things Market Estimates & Forecast, By End Use (USD Million)
  5.1.2. Aviation
  5.1.3. Metal & Mining
  5.1.4. Chemical
  5.1.5. Manufacturing
  5.1.6. Energy & Power
  5.1.7. Smart Grids
  5.1.8. Oil & Gas
  5.1.9. Healthcare
  5.1.10. Logistics & Transport
  5.1.10.1. Intelligent Signaling System
  5.1.10.2. Video Analytics
  5.1.10.3. Incident Detection System
  5.1.10.4. Route Scheduling Guidance System
  5.1.11. Agriculture
  5.1.11.1. Precision Farming
  5.1.11.2. Livestock Monitoring
  5.1.11.3. Smart Greenhouses
  5.1.11.4. Fish Farming
  5.1.12. Retail
  5.1.12.1. Point of Sales
  5.1.12.2. Interactive Kiosks
  5.1.12.3. Self-Checkout Systems
  5.1.12.4. Others
Chapter 6. Industrial Internet of Things Market: Software Estimates & Trend Analysis
  6.1. Software Movement Analysis & Market Share, 2023 & 2030
  6.2. Industrial Internet of Things Market Estimates & Forecast, By Software (USD Million)
  6.2.1. Product Lifecycle Management
  6.2.2. Manufacturing Execution Systems
  6.2.3. SCADA
  6.2.4. Outage Management Systems
  6.2.5. Distribution Management Systems
  6.2.6. Remote Patent Monitoring
  6.2.7. Retail Management Software
  6.2.8. Visualization Software
  6.2.9. Transit Management Systems
  6.2.10. Farm Management Systems
Chapter 7. Industrial Internet of Things Market: Connectivity Technology Estimates & Trend Analysis
  7.1. Connectivity Technology Movement Analysis & Market Share, 2023 & 2030
  7.2. Industrial Internet of Things Market Estimates & Forecast, By Connectivity Technology (USD Million)
  7.2.1. Wired Technology
  7.2.1.1. Ethernet
7.2.1.1.1. Modbus
  7.2.1.1.2. Profinet
  7.2.1.1.3. CC-Link
  7.2.1.2. Foundation Fieldbus
  7.2.2. Wireless Technology
  7.2.2.1. Wi-Fi
  7.2.2.2. Bluetooth
  7.2.2.3. Cellular Technologies
  7.2.2.3.1. 4G/LTE
  7.2.2.3.2. 5G
  7.2.2.4. Satellite Technologies
Chapter 8. Industrial Internet of Things Market: Device and Technology Estimates & Trend Analysis
  8.1. Device and Technology Movement Analysis & Market Share, 2023 & 2030
  8.2. Industrial Internet of Things Market Estimates & Forecast, By Device and Technology (USD Million)
  8.2.1. Sensors
  8.2.2. Radio Frequency Identification (RFID)
  8.2.3. Industrial Robotics
  8.2.4. Distributed Control Systems
  8.2.5. Condition Monitoring
  8.2.6. Smart Meters
  8.2.7. Electronic Shelf Labels
  8.2.8. Cameras
  8.2.9. Smart Beacons
  8.2.10. Interface Boards
  8.2.11. Yield Monitors
  8.2.12. Guidance & Steering
  8.2.13. GPS/GNSS
  8.2.14. Flow & Application Control Devices
  8.2.15. Networking Technology
Chapter 9. Regional Estimates & Trend Analysis
  9.1. Industrial Internet of Things Market by Region, 2023 & 2030
  9.2. North America
  9.2.1. North America Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.2.2. U.S.
  9.2.2.1. U.S. Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.2.3. Canada
  9.2.3.1. Canada Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3. Europe
  9.3.1. Europe Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.2. UK
  9.3.2.1. UK Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.3. Germany
  9.3.3.1. Germany Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.4. France
  9.3.4.1. France Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.5. Italy
  9.3.5.1. Italy Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.6. Spain
  9.3.6.1. Spain Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.7. Benelux
  9.3.7.1. Benelux Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.8. Nordics
  9.3.8.1. Nordics Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4. Asia Pacific
  9.4.1. Asia Pacific Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.2. China
  9.4.2.1. China Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.3. Japan
  9.4.3.1. Japan Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.4. India
  9.4.4.1. India Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.5. South Korea
  9.4.5.1. South Korea Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.6. Australia
  9.4.6.1. Australia Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5. South America
  9.5.1. South America Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.2. Brazil
  9.5.2.1. Brazil Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.3. Mexico
  9.5.3.1. Mexico Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.4. Chile
  9.5.4.1. Chile Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.5. Peru
  9.5.5.1. Peru Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6. Middle East & Africa (MEA)
  9.6.1. MEA Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.2. UAE
  9.6.2.1. UAE Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.3. Saudi Arabia
  9.6.3.1. Saudi Arabia Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.4. South Africa
  9.6.4.1. South Africa Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Industrial Internet of Things Market - Competitive Landscape
  10.1. Recent Developments & Impact Analysis, By Key Market Participants
  10.2. Company Categorization
  10.3. Participant’s Overview
  10.4. Financial Performance
  10.5. Product Benchmarking
  10.6. Company Market Share Analysis, 2023
  10.7. Company Heat Map Analysis
  10.8. Strategy Mapping
  10.8.1. Expansion/Divestiture
  10.8.2. Collaborations/Partnerships
  10.8.3. New Product Launches
  10.8.4. Contract
  10.9. Company Profiles
  10.9.1. ABB Ltd.
  10.9.1.1. Participant’s Overview
  10.9.1.2. Financial Performance
  10.9.1.3. Product Benchmarking
  10.9.1.4. Recent Developments
  10.9.2. ARM Holdings Plc
  10.9.2.1. Participant’s Overview
  10.9.2.2. Financial Performance
  10.9.2.3. Product Benchmarking
  10.9.2.4. Recent Developments
  10.9.3. Atmel Corporation
  10.9.3.1. Participant’s Overview
  10.9.3.2. Financial Performance
  10.9.3.3. Product Benchmarking
  10.9.3.4. Recent Developments
  10.9.4. Cisco Systems Inc.
  10.9.4.1. Participant’s Overview
  10.9.4.2. Financial Performance
  10.9.4.3. Product Benchmarking
  10.9.4.4. Recent Developments
  10.9.5. General Electric Company (GE)
  10.9.5.1. Participant’s Overview
  10.9.5.2. Financial Performance
  10.9.5.3. Product Benchmarking
  10.9.5.4. Recent Developments
  10.9.6. Honeywell International Inc.
  10.9.6.1. Participant’s Overview
  10.9.6.2. Financial Performance
  10.9.6.3. Product Benchmarking
  10.9.6.4. Recent Developments
  10.9.7. International Business Machine (IBM) Corporation
  10.9.7.1. Participant’s Overview
  10.9.7.2. Financial Performance
  10.9.7.3. Product Benchmarking
  10.9.7.4. Recent Developments
  10.9.8. Intel Corporation
  10.9.8.1. Participant’s Overview
  10.9.8.2. Financial Performance
  10.9.8.3. Product Benchmarking
  10.9.8.4. Recent Developments
  10.9.9. Microsoft Corporation
  10.9.9.1. Participant’s Overview
  10.9.9.2. Financial Performance
  10.9.9.3. Product Benchmarking
  10.9.9.4. Recent Developments
  10.9.10. Rockwell Automation Inc.
  10.9.10.1. Participant’s Overview
  10.9.10.2. Financial Performance
  10.9.10.3. Product Benchmarking
  10.9.10.4. Recent Developments
  10.9.11. Schneider Electric SE
  10.9.11.1. Participant’s Overview
  10.9.11.2. Financial Performance
  10.9.11.3. Product Benchmarking
  10.9.11.4. Recent Developments
  10.9.12. Siemens AG
  10.9.12.1. Participant’s Overview
  10.9.12.2. Financial Performance
  10.9.12.3. Product Benchmarking
  10.9.12.4. Recent Developments

List of Tables

Table 1 Industrial Internet of Things Market 2018 - 2030 (USD Million)
Table 2 Global Industrial Internet of Things Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Table 3 Global Industrial Internet of Things Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
Table 4 Global Industrial Internet of Things Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
Table 5 Global Industrial Internet of Things Market Estimates and Forecasts by Software, 2018 - 2030 (USD Million)
Table 6 Global Industrial Internet of Things Market Estimates and Forecasts by Connectivity Technology, 2018 - 2030 (USD Million)
Table 7 Global Industrial Internet of Things Market Estimates and Forecasts by Device & Technology, 2018 - 2030 (USD Million)
Table 8 Company heat map analysis
Table 9 Key companies undergoing expansion
Table 10 Key companies involved in mergers & acquisitions
Table 11 Key companies involved in collaborations
Table 12 Key companies new product launches
Table 13 Key companies research & development

List of Figures

Fig. 1 Industrial Internet of Things Market Segmentation
Fig. 2 Industrial Internet of Things (IIoT) Landscape
Fig. 3 Information Procurement
Fig. 4 Data Analysis Models
Fig. 5 Market Formulation and Validation
Fig. 6 Data Validating & Publishing
Fig. 7 Market Snapshot
Fig. 8 Segment Snapshot (1/2)
Fig. 9 Segment Snapshot (2/2)
Fig. 10 Competitive Landscape Snapshot
Fig. 11 Industrial Internet of Things (IIoT) - Market Size and Growth Prospects (USD Million)
Fig. 12 Industrial Internet of Things Market: Industry Value Chain Analysis
Fig. 13 Industrial Internet of Things Market: Market Dynamics
Fig. 14 Industrial Internet of Things (IIoT) Mareket: PORTER's Analysis
Fig. 15 Industrial Internet of Things (IIoT) Marekt: PESTEL Analysis
Fig. 16 Industrial Internet of Things Market Share by Component: Key Takeaway
Fig. 17 Industrial Internet of Things Market, by Component: Market Share, 2023 & 2030
Fig. 18 Hardware Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 19 Solution Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 20 Services Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 21 Platform Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 22 Industrial Internet of Things Market Share by End Use: Key Takeaway
Fig. 23 Industrial Internet of Things Market, by End Use: Market Share, 2023 & 2030
Fig. 24 Aviation Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 25 Metal & Mining Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 26 Chemical Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 27 Manufacturing Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 28 Energy & Power Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 29 Smart Grids Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 30 Oil & Gas Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 31 Healthcare Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 32 Logistics & Transport Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 33 Agriculture Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 34 Retail Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 35 Industrial Internet of Things Market Share by Software: Key Takeaway
Fig. 36 Industrial Internet of Things Market, by Software: Market Share, 2023 & 2030
Fig. 37 Product Lifecycle Management Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 38 Manufacturing Execution Systems Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 39 SCADA Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 40 Outage Management Systems Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 41 Distribution Management System Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 42 Remote Patent Monitoring Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 43 Retail Management Software Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 44 Visualization Software Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 45 Transit Management Systems Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 46 Farm Management System Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 47 Industrial Internet of Things Market Share by Connectivity Technology: Key Takeaway
Fig. 48 Industrial Internet of Things Market, by Connectivity Technology: Market Share, 2023 & 2030
Fig. 49 Wired Technology Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 50 Wireless Technology Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 51 Industrial Internet of Things Market Share by Device & Technology: Key Takeaway
Fig. 52 Industrial Internet of Things Market, by Device & Technology: Market Share, 2023 & 2030
Fig. 53 Sensors Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 54 Radio Frequency Identification (RFID) Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 55 Industrial Robotics Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 56 Distributed Control Systems Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 57 Condition Monitoring Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 58 Smart Meters Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 59 Electronic Shelf Labels Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 60 Cameras Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 61 Smart Beacons Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 62 Interface Boards Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 63 Yield Monitors Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 64 Guidance & Steering Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 65 GPS/GNSS Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 66 Flow & Application Control Device Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 67 Network Technology Market Estimates & Forcasts, 2018 - 2030 (Revenue, USD Million)
Fig. 68 Industrial Internet of Things Market Revenue, by Region, 2023 & 2030 (USD Million)
Fig. 69 Regional Marketplace: Key Takeaways
Fig. 70 Regional Marketplace: Key Takeaways
Fig. 71 North America Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 72 U.S Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 73 Canada Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 74 Europe Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 75 Germany Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 76 UK Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 77 France Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 78 Italy Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 79 Spain Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 80 Benelux Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 81 Nordics Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 82 Asia Pacific Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 83 China Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 84 Japan Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 85 India Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 86 South Korea Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 87 Australia Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 88 Latin America Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 89 Brazil Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 90 Mexico Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 91 Chile Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 92 Peru Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 93 Middle East and Africa Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 94 UAE Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 95 Saudi Arabia Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 96 South Africa Industrial Internet of Things Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 97 Key Company Categorization
Fig. 98 Company Market Positioning
Fig. 99 Key Company Market Share Analysis, 2023
Fig. 100 Strategic Framework

Market Segmentation

Industrial Internet of Things Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Solution
- Services
- Platform
Industrial Internet of Things End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Aviation
- Metal & Mining
- Chemical
- Manufacturing
- Energy & Power
- Smart Grids
- Oil & Gas
- Healthcare
- Logistics & Transport
- Agriculture
- Retail
Industrial Internet of Things Software Outlook (Revenue, USD Million, 2018 - 2030)
- Product Lifecycle Management
- Manufacturing Execution Systems
- SCADA
- Outage Management Systems
- Distribution Management Systems
- Remote Patent Monitoring
- Retail Management Software
- Visualization Software
- Transit Management Systems
- Farm Management Systems
Industrial Internet of Things Connectivity Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Wired Technology
- Wireless Technology
Industrial Internet of Things Device & Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Sensors
- Radio Frequency Identification (RFID)
- Industrial Robotics
- Distributed Control Systems
- Condition Monitoring
- Smart Meters
- Electronic Shelf Labels
- Cameras
- Smart Beacons
- Interface Boards
- Yield Monitors
- Guidance & Steering
- GPS/GNSS
- Flow & Application Control Devices
- Networking Technology
Industrial Internet of Things Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Industrial Internet of Things Market, By Component
  - North America Industrial Internet of Things Market, By End Use
  - North America Industrial Internet of Things Market, By Software
  - North America Industrial Internet of Things Market, By Connectivity Technology
  - North America Industrial Internet of Things Market, By Device & Technology
  - U.S.
  - Canada
- Europe
  - Europe Industrial Internet of Things Market, By Component
  - Europe Industrial Internet of Things Market, By End Use
  - Europe Industrial Internet of Things Market, By Software
  - Europe Industrial Internet of Things Market, By Connectivity Technology
  - Europe Industrial Internet of Things Market, By Device & Technology
  - Germany
    - Germany Industrial Internet of Things Market, By Component
    - Germany Industrial Internet of Things Market, By End Use
    - Germany Industrial Internet of Things Market, By Software
    - Germany Industrial Internet of Things Market, By Connectivity Technology
    - Germany Industrial Internet of Things Market, By Device & Technology
  - UK
    - UK Industrial Internet of Things Market, By Component
    - UK Industrial Internet of Things Market, By End Use
    - UK Industrial Internet of Things Market, By Software
    - UK Industrial Internet of Things Market, By Connectivity Technology
    - UK Industrial Internet of Things Market, By Device & Technology
  - France
    - France Industrial Internet of Things Market, By Component
    - France Industrial Internet of Things Market, By End Use
    - France Industrial Internet of Things Market, By Software
    - France Industrial Internet of Things Market, By Connectivity Technology
    - France Industrial Internet of Things Market, By Device & Technology
  - Italy
    - Italy Industrial Internet of Things Market, By Component
    - Italy Industrial Internet of Things Market, By End Use
    - Italy Industrial Internet of Things Market, By Software
    - Italy Industrial Internet of Things Market, By Connectivity Technology
    - Italy Industrial Internet of Things Market, By Device & Technology
  - Spain
    - Spain Industrial Internet of Things Market, By Component
    - Spain Industrial Internet of Things Market, By End Use
    - Spain Industrial Internet of Things Market, By Software
    - Spain Industrial Internet of Things Market, By Connectivity Technology
    - Spain Industrial Internet of Things Market, By Device & Technology
  - Benelux
    - Benelux Industrial Internet of Things Market, By Component
    - Benelux Industrial Internet of Things Market, By End Use
    - Benelux Industrial Internet of Things Market, By Software
    - Benelux Industrial Internet of Things Market, By Connectivity Technology
    - Benelux Industrial Internet of Things Market, By Device & Technology
  - Nordics
    - Nordics Industrial Internet of Things Market, By Component
    - Nordics Industrial Internet of Things Market, By End Use
    - Nordics Industrial Internet of Things Market, By Software
    - Nordics Industrial Internet of Things Market, By Connectivity Technology
    - Nordics Industrial Internet of Things Market, By Device & Technology
- Asia Pacific
  - Asia Pacific Industrial Internet of Things Market, By Component
  - Asia Pacific Industrial Internet of Things Market, By End Use
  - Asia Pacific Industrial Internet of Things Market, By Software
  - Asia Pacific Industrial Internet of Things Market, By Connectivity Technology
  - Asia Pacific Industrial Internet of Things Market, By Device & Technology
  - China
    - China Industrial Internet of Things Market, By Component
    - China Industrial Internet of Things Market, By End Use
    - China Industrial Internet of Things Market, By Software
    - China Industrial Internet of Things Market, By Connectivity Technology
    - China Industrial Internet of Things Market, By Device & Technology
  - Japan
    - Japan Industrial Internet of Things Market, By Component
    - Japan Industrial Internet of Things Market, By End Use
    - Japan Industrial Internet of Things Market, By Software
    - Japan Industrial Internet of Things Market, By Connectivity Technology
    - Japan Industrial Internet of Things Market, By Device & Technology
  - India
    - India Industrial Internet of Things Market, By Component
    - India Industrial Internet of Things Market, By End Use
    - India Industrial Internet of Things Market, By Software
    - India Industrial Internet of Things Market, By Connectivity Technology
    - India Industrial Internet of Things Market, By Device & Technology
  - South Korea
    - South Korea Industrial Internet of Things Market, By Component
    - South Korea Industrial Internet of Things Market, By End Use
    - South Korea Industrial Internet of Things Market, By Software
    - South Korea Industrial Internet of Things Market, By Connectivity Technology
    - South Korea Industrial Internet of Things Market, By Device & Technology
  - Australia
    - Australia Industrial Internet of Things Market, By Component
    - Australia Industrial Internet of Things Market, By End Use
    - Australia Industrial Internet of Things Market, By Software
    - Australia Industrial Internet of Things Market, By Connectivity Technology
    - Australia Industrial Internet of Things Market, By Device & Technology
- Latin America
  - Latin America Industrial Internet of Things Market, By Component
  - Latin America Industrial Internet of Things Market, By End Use
  - Latin America Industrial Internet of Things Market, By Software
  - Latin America Industrial Internet of Things Market, By Connectivity Technology
  - Latin America Industrial Internet of Things Market, By Device & Technology
  - Brazil
    - Brazil Industrial Internet of Things Market, By Component
    - Brazil Industrial Internet of Things Market, By End Use
    - Brazil Industrial Internet of Things Market, By Software
    - Brazil Industrial Internet of Things Market, By Connectivity Technology
    - Brazil Industrial Internet of Things Market, By Device & Technology
  - Mexico
    - Mexico Industrial Internet of Things Market, By Component
    - Mexico Industrial Internet of Things Market, By End Use
    - Mexico Industrial Internet of Things Market, By Software
    - Mexico Industrial Internet of Things Market, By Connectivity Technology
    - Mexico Industrial Internet of Things Market, By Device & Technology
  - Chile
    - Chile Industrial Internet of Things Market, By Component
    - Chile Industrial Internet of Things Market, By End Use
    - Chile Industrial Internet of Things Market, By Software
    - Chile Industrial Internet of Things Market, By Connectivity Technology
    - Chile Industrial Internet of Things Market, By Device & Technology
  - Peru
    - Peru Industrial Internet of Things Market, By Component
    - Peru Industrial Internet of Things Market, By End Use
    - Peru Industrial Internet of Things Market, By Software
    - Peru Industrial Internet of Things Market, By Connectivity Technology
    - Peru Industrial Internet of Things Market, By Device & Technology
- Middle East & Africa (MEA)
  - MEA Industrial Internet of Things Market, By Component
  - MEA Industrial Internet of Things Market, By End Use
  - MEA Industrial Internet of Things Market, By Software
  - MEA Industrial Internet of Things Market, By Connectivity Technology
  - MEA Industrial Internet of Things Market, By Device & Technology
  - UAE
    - UAE Industrial Internet of Things Market, By Component
    - UAE Industrial Internet of Things Market, By End Use
    - UAE Industrial Internet of Things Market, By Software
    - UAE Industrial Internet of Things Market, By Connectivity Technology
    - UAE Industrial Internet of Things Market, By Device & Technology
  - Saudi Arabia
    - Saudi Arabia Industrial Internet of Things Market, By Component
    - Saudi Arabia Industrial Internet of Things Market, By End Use
    - Saudi Arabia Industrial Internet of Things Market, By Software
    - Saudi Arabia Industrial Internet of Things Market, By Connectivity Technology
    - Saudi Arabia Industrial Internet of Things Market, By Device & Technology
  - South Africa
    - South Africa Industrial Internet of Things Market, By Component
    - South Africa Industrial Internet of Things Market, By End Use
    - South Africa Industrial Internet of Things Market, By Software
    - South Africa Industrial Internet of Things Market, By Connectivity Technology
    - South Africa Industrial Internet of Things Market, By Device & Technology

Report content

Qualitative Analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Quantitative Analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

Research Methodology

Grand View Research employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

• Market-leading companies
• Raw material suppliers
• Product distributors
• Buyers

The key objectives of primary research are as follows:

• To validate our data in terms of accuracy and acceptability
• To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective	Primary research	Secondary research
Supply-side	Manufacturers Technology distributors and wholesalers	Company reports and publications Government publications Independent investigations Economic and demographic data
Demand-side	End-user surveys Consumer surveys Mystery shopping	Case studies Reference customers

Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

Industry landscape and trends
Market dynamics and key issues
Technology landscape
Market opportunities
Porter’s analysis and PESTEL analysis
Competitive landscape and component benchmarking
Policy and regulatory scenario

Market revenue estimates and forecast up to 2030
Market revenue estimates and forecasts up to 2030, by technology
Market revenue estimates and forecasts up to 2030, by application
Market revenue estimates and forecasts up to 2030, by type
Market revenue estimates and forecasts up to 2030, by component
Regional market revenue forecasts, by technology
Regional market revenue forecasts, by application
Regional market revenue forecasts, by type
Regional market revenue forecasts, by component

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