Industrial Internet of Things Market Size, Share & Trends Report

Industrial Internet of Things Market Size, Share & Trends Analysis Report By Component, By End-use, 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: 140
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030
  • Industry: Technology
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GVR Report cover Industrial Internet of Things Market Size, Share & Trends Report

Industrial Internet of Things Market Size, Share & Trends Analysis Report By Component, By End-use, 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: 140
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030
  • Industry: Technology

Industrial Internet of Things Market Trends

The global industrial internet of things market size was valued at USD 394.0 billion in 2023 and is expected to grow at a compound annual growth rate (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 growth. Moreover, the growing need to improve operational competence along with considerable collaboration between the key companies is further fueling the market’s growth. Several techniques are also being developed to create a united digital-human workforce, which is projected to provide significant growth opportunities.

U.S. Industrial Internet of Things (IIoT) Market size and growth rate, 2024 - 2030

Additionally, the significant advantages associated with the industrial internet of things 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.

Moreover, IIoT 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 market growth over the forecast period.

The IIoT 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, growth in the development of smart cities along with smart transportation leads to increased adoption of IoT, which is expected to propel the growth of the industrial internet of things industry in the coming years.

Moreover, 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 IIoT market, which in turn is driving the market growth over the forecast period.

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 during the forecast period and is expected to drive the market growth further.

Industry Concentration & Characteristics

The market growth stage is high, and the pace of the market growth is accelerating. The Industrial Internet of Things (IIoT) 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.

Industrial Internet of Things Market Concentration & Characteristics

The IIoT 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.

The IIoT 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 IIoT market, affecting the development and adoption of the technology.

The IIoT 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-user 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

The solution segment accounted for the largest revenue share of over 50% in 2023 and is expected to dominate the market over the forecast period. Solution providers are putting a strong emphasis on the launch of innovative information systems for various sectors and industrial verticals as part of their efforts to grow their market share.

The service segment is projected to grow at the highest CAGR of over 24% 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, IIoT 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

The manufacturing segment accounted for the largest market share in 2023 and is predicted to lead the market 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 cost with fast returns on IoT adoption. Additionally, 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 the market growth.

Global Industrial Internet of Things (IIoT) Market share and size, 2023

The logistics & transport segment is anticipated to grow at the highest 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.

Regional Insights

North America accounted for the largest market share of over 33% in 2023 and is expected to retain its dominance 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 U.S. industrial internet of things market is expected to grow at a 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 Trends

Europe industrial internet of things market is expected to witness a CAGR of nearly 23% 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 IIoT 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 IIoT in other sectors such as retail and government are expected to contribute to regional growth.

U.K. industrial internet of things market accounted for nearly 22% revenue share of the European market in 2023. The UK's IIoT 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.

Industrial internet of things market in Germany is expected to witness a 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 IIoT in the country.

France industrial internet of things market is expected to witness high growth from 2024 to 2030. France is witnessing growth in IIoT 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 Internet of Things Trends

The Asia Pacific region is expected to grow at a highest 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 industrial internet of things (IIoT) 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 industrial internet of things market growth across the region.

China industrial internet of things market is expected to witness a CAGR of over 24% from 2024 to 2030. China's IIoT 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 Japan industrial internet of things market is expected to witness a significant CAGR of over 26% from 2024 to 2030. With a strong industrial base and a focus on innovation, Japan's IIoT growth is fueled by initiatives such as Society 5.0, which aims to integrate cutting-edge technologies into various industries for sustainable development.

Industrial internet of things market in India is expected to grow at an exponential growth rate from 2024 to 2030. India is experiencing IIoT 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 Internet of Things Trends

Middle East and Africa (MEA) industrial internet of things market is expected to witness 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.

Saudi Arabia industrial internet of things market is 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 (IIoT) 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 Internet of Things (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. and connecting devices to simplify and increase the successful application of enterprise IoT projects.

Industrial Internet of Things (IIoT) Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 394.0 billion

Revenue forecast in 2030

USD 1,693.30 billion

Growth rate

CAGR of 23.2% from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Million, 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; MEA

Country scope

U.S.; Canada; Germany; U.K.; BENELUX; NORDICS; China; Japan; India; South Korea; Australia; Mexico; Brazil; Chile; Peru

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 analysts 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 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 (IIoT) market report based on component,software,connectivity technology, end-use, 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

      • U.K.

      • France

      • Italy

      • Spain

      • BENELUX

      • NORDICS

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Chile

      • Peru

    • South Africa (MEA)

      • UAE

      • Saudi Arabia

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Industrial Internet of Things Market 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. 1.4 Research Scope and Assumptions
                       1.4.1. List to Data Sources
Chapter 2. Industrial Internet of Things Market Executive Summary
                   2.1. Industrial Internet of Things (IIoT) Market Snapshot
                   2.2. Industrial Internet of Things (IIoT) Market - Segment Snapshot (1/2)
                   2.3. Industrial Internet of Things (IIoT) Market - Segment Snapshot (2/2)
                   2.4. Industrial Internet of Things (IIoT) Market - Competitive Landscape Snapshot
Chapter 3. Industrial Internet of Things Market Industrial Internet of Things (IIoT) 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 (IIoT) Market: Component Estimates & Trend Analysis
                   4.1. Component Movement Analysis & Market Share, 2023 & 2030
                   4.2. Industrial Internet of Things (IIoT) 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 (IIoT) Market: End-Use Estimates & Trend Analysis
                   5.1. End-Use Movement Analysis & Market Share, 2023 & 2030
                       5.1.1. Industrial Internet of Things (IIoT) 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 (IIoT) Market: Software Estimates & Trend Analysis
                   6.1. Software Movement Analysis & Market Share, 2023 & 2030
                   6.2. Industrial Internet of Things (IIoT) 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 (IIoT) Market: Connectivity Technology Estimates & Trend Analysis
                   7.1. Connectivity Technology Movement Analysis & Market Share, 2023 & 2030
                   7.2. Industrial Internet of Things (IIoT) 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 (IIoT) Market: Device and Technology Estimates & Trend Analysis
                   8.1. Device and Technology Movement Analysis & Market Share, 2023 & 2030
                   8.2. Industrial Internet of Things (IIoT) 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 (IIoT) Market by Region, 2023 & 2030
                   9.2. North America
                       9.2.1. North America Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       9.2.2. U.S.
                       9.2.3. Canada
                   9.3. Europe
                       9.3.1. Europe Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       9.3.2. U.K.
                       9.3.3. Germany
                       9.3.4. France
                       9.3.5. Italy
                       9.3.6. Spain
                       9.3.7. BENELUX
                       9.3.8. NORDICS
                   9.4. Asia Pacific
                       9.4.1. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       9.4.2. China
                       9.4.3. Japan
                       9.4.4. India
                       9.4.5. South Korea
                       9.4.6. Australia
                   9.5. South America
                       9.5.1. South America Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       9.5.2. Brazil
                       9.5.3. Mexico
                       9.5.4. Chile
                       9.5.5. Peru
                   9.6. Middle East & Africa (MEA)
                       9.6.1. MEA Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
                       9.6.2. UAE
                       9.6.3. Saudi Arabia
                       9.6.4. South Africa
Chapter 10. Industrial Internet of Things (IIoT) 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 (IIoT) Market 2018 - 2030 (USD Million)
Table 2 Global Industrial Internet of Things (IIoT) Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Table 3 Global Industrial Internet of Things (IIoT) Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
Table 4 Global Industrial Internet of Things (IIoT) Market Estimates and Forecasts by End-Use, 2018 - 2030 (USD Million)
Table 5 Global Industrial Internet of Things (IIoT) Market Estimates and Forecasts by Software, 2018 - 2030 (USD Million)
Table 6 Global Industrial Internet of Things (IIoT) Market Estimates and Forecasts by Connectivity Technology, 2018 - 2030 (USD Million)
Table 7 Global Industrial Internet of Things (IIoT) 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 (IIoT) 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 (IIoT) Market: Industry Value Chain Analysis
Fig. 13 Industrial Internet of Things (IIoT) 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 (IIoT) Market Share by Component: Key Takeaway
Fig. 17 Industrial Internet of Things (IIoT) 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 (IIoT) Market Share by End-Use: Key Takeaway
Fig. 23 Industrial Internet of Things (IIoT) 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 (IIoT) Market Share by Software: Key Takeaway
Fig. 36 Industrial Internet of Things (IIoT) 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 (IIoT) Market Share by Connectivity Technology: Key Takeaway
Fig. 48 Industrial Internet of Things (IIoT) 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 (IIoT) Market Share by Device & Technology: Key Takeaway
Fig. 52 Industrial Internet of Things (IIoT) 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 (IIoT) 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 (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 72 U.S. Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 73 Canada Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 74 Europe Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 75 Germany Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 76 U.K. Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 77 France Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 78 Italy Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 79 Spain Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 80 BENELUX Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 81 NORDICS Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 82 Asia Pacific Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 83 China Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 84 Japan Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 85 India Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 86 South Korea Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 87 Australia Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 88 Latin America Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 89 Brazil Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 90 Mexico Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 91 Chile Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 92 Peru Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 93 Middle East and Africa Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 94 UAE Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 95 Saudi Arabia Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Fig. 96 South Africa Industrial Internet of Things (IIoT) 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 

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Market Segmentation

  • Industrial Internet of Things (IIoT) 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
  • Industrial Internet of Things (IIoT) 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
  • Industrial Internet of Things (IIoT) 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 (IIoT) 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
  • Industrial Internet of Things (IIoT) 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 (IIoT) Regional Outlook (Revenue, USD Million; 2018 - 2030)
    • North America
      • North America Industrial Internet of Things (IIoT) Market, By Component
        • Hardware
        • Solution
          • Remote Monitoring
          • Data Management
          • Analytics
          • Security Solutions
          • Others
        • Services
          • Professional
          • Managed
        • Platform
          • Connectivity Management
          • Application Management
          • Device Management
      • North America Industrial Internet of Things (IIoT) Market, By End-Use
        • 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
      • North America Industrial Internet of Things (IIoT) Market, By Software
        • 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
      • North America Industrial Internet of Things (IIoT) Market, By Connectivity Technology
        • Wired Technology
          • Ethernet
            • Modbus
            • Profinet
            • CC-Link
          • Foundation Fieldbus
        • Wireless Technology
          • Wi-Fi
          • Bluetooth
          • Cellular Technologies
            • 4G/LTE
            • 5G
          • Satellite Technologies
      • North America Industrial Internet of Things (IIoT) Market, By Device & Technology
        • 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
      • U.S.
        • U.S. Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • U.S. Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • U.S. Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • U.S. Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • U.S. Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Canada
        • Canada Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Canada Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Canada Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Canada Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Canada Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
    • Europe
      • Europe Industrial Internet of Things (IIoT) Market, By Component
        • Hardware
        • Solution
          • Remote Monitoring
          • Data Management
          • Analytics
          • Security Solutions
          • Others
        • Services
          • Professional
          • Managed
        • Platform
          • Connectivity Management
          • Application Management
          • Device Management
      • Europe Industrial Internet of Things (IIoT) Market, By End-Use
        • 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
      • Europe Industrial Internet of Things (IIoT) Market, By Software
        • 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
      • Europe Industrial Internet of Things (IIoT) Market, By Connectivity Technology
        • Wired Technology
          • Ethernet
            • Modbus
            • Profinet
            • CC-Link
          • Foundation Fieldbus
        • Wireless Technology
          • Wi-Fi
          • Bluetooth
          • Cellular Technologies
            • 4G/LTE
            • 5G
          • Satellite Technologies
      • Europe Industrial Internet of Things (IIoT) Market, By Device & Technology
        • 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
      • Germany
        • Germany Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Germany Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Germany Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Germany Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Germany Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • U.K.
        • U.K. Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • U.K. Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • U.K. Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • U.K. Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • U.K. Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • France
        • France Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • France Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • France Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • France Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • France Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Italy
        • Italy Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Italy Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Italy Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Italy Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Italy Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Spain
        • Spain Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Spain Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Spain Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Spain Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Spain Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • BENELUX
        • BENELUX Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • BENELUX Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • BENELUX Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • BENELUX Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • BENELUX Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • NORDICS
        • NORDICS Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • NORDICS Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • NORDICS Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • NORDICS Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • NORDICS Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
    • Asia Pacific
      • Asia Pacific Industrial Internet of Things (IIoT) Market, By Component
        • Hardware
        • Solution
          • Remote Monitoring
          • Data Management
          • Analytics
          • Security Solutions
          • Others
        • Services
          • Professional
          • Managed
        • Platform
          • Connectivity Management
          • Application Management
          • Device Management
      • Asia Pacific Industrial Internet of Things (IIoT) Market, By End-Use
        • 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
      • Asia Pacific Industrial Internet of Things (IIoT) Market, By Software
        • 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
      • Asia Pacific Industrial Internet of Things (IIoT) Market, By Connectivity Technology
        • Wired Technology
          • Ethernet
            • Modbus
            • Profinet
            • CC-Link
          • Foundation Fieldbus
        • Wireless Technology
          • Wi-Fi
          • Bluetooth
          • Cellular Technologies
            • 4G/LTE
            • 5G
          • Satellite Technologies
      • Asia Pacific Industrial Internet of Things (IIoT) Market, By Device & Technology
        • 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
      • China
        • China Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • China Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • China Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • China Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • China Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Japan
        • Japan Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Japan Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Japan Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Japan Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Japan Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • India
        • India Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • India Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • India Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • India Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • India Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • South Korea
        • South Korea Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • South Korea Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • South Korea Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • South Korea Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • South Korea Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Australia
        • Australia Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Australia Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Australia Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Australia Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Australia Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
    • Latin America
      • Latin America Industrial Internet of Things (IIoT) Market, By Component
        • Hardware
        • Solution
          • Remote Monitoring
          • Data Management
          • Analytics
          • Security Solutions
          • Others
        • Services
          • Professional
          • Managed
        • Platform
          • Connectivity Management
          • Application Management
          • Device Management
      • Latin America Industrial Internet of Things (IIoT) Market, By End-Use
        • 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
      • Latin America Industrial Internet of Things (IIoT) Market, By Software
        • 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
      • Latin America Industrial Internet of Things (IIoT) Market, By Connectivity Technology
        • Wired Technology
          • Ethernet
            • Modbus
            • Profinet
            • CC-Link
          • Foundation Fieldbus
        • Wireless Technology
          • Wi-Fi
          • Bluetooth
          • Cellular Technologies
            • 4G/LTE
            • 5G
          • Satellite Technologies
      • Latin America Industrial Internet of Things (IIoT) Market, By Device & Technology
        • 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
      • Brazil
        • Brazil Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Brazil Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Brazil Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Brazil Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Brazil Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Mexico
        • Mexico Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Mexico Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Mexico Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Mexico Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Mexico Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Chile
        • Chile Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Chile Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Chile Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Chile Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Chile Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Peru
        • Peru Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Peru Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Peru Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Peru Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Peru Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
    • Middle East and Africa (MEA)
      • Middle East and Africa Industrial Internet of Things (IIoT) Market, By Component
        • Hardware
        • Solution
          • Remote Monitoring
          • Data Management
          • Analytics
          • Security Solutions
          • Others
        • Services
          • Professional
          • Managed
        • Platform
          • Connectivity Management
          • Application Management
          • Device Management
      • Middle East and Africa Industrial Internet of Things (IIoT) Market, By End-Use
        • 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
      • Middle East and Africa Industrial Internet of Things (IIoT) Market, By Software
        • 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
      • Middle East and Africa Industrial Internet of Things (IIoT) Market, By Connectivity Technology
        • Wired Technology
          • Ethernet
            • Modbus
            • Profinet
            • CC-Link
          • Foundation Fieldbus
        • Wireless Technology
          • Wi-Fi
          • Bluetooth
          • Cellular Technologies
            • 4G/LTE
            • 5G
          • Satellite Technologies
      • Middle East and Africa Industrial Internet of Things (IIoT) Market, By Device & Technology
        • 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
      • UAE
        • UAE Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • UAE Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • UAE Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • UAE Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • UAE Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • Saudi Arabia
        • Saudi Arabia Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • Saudi Arabia Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • Saudi Arabia Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • Saudi Arabia Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • Saudi Arabia Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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
      • South Africa
        • South Africa Industrial Internet of Things (IIoT) Market, By Component
          • Hardware
          • Solution
            • Remote Monitoring
            • Data Management
            • Analytics
            • Security Solutions
            • Others
          • Services
            • Professional
            • Managed
          • Platform
            • Connectivity Management
            • Application Management
            • Device Management
        • South Africa Industrial Internet of Things (IIoT) Market, By End-Use
          • 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
        • South Africa Industrial Internet of Things (IIoT) Market, By Software
          • 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
        • South Africa Industrial Internet of Things (IIoT) Market, By Connectivity Technology
          • Wired Technology
            • Ethernet
              • Modbus
              • Profinet
              • CC-Link
            • Foundation Fieldbus
          • Wireless Technology
            • Wi-Fi
            • Bluetooth
            • Cellular Technologies
              • 4G/LTE
              • 5G
            • Satellite Technologies
        • South Africa Industrial Internet of Things (IIoT) Market, By Device & Technology
          • 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 Market Dynamics

Driver: Convergence of M2M, OT and IT systems

Industrial technology is governed by Information Technology (IT) and Operational Technology (OT). IT employs a top-down approach, focusing on data-driven infrastructure, especially for business management. Conversely, OT uses a bottom-up approach, beginning with machinery and assets, and extending to monitoring and control systems. The advent of Big Data and the industrial internet has revolutionized various industries. Businesses need real-time data to enhance their processes and profitability. Globally, companies are exploring data analysis methods to make informed decisions. The Internet of Things (IoT) involves machine-to-machine communication under human supervision via a computer.

Driver: Data-driven smart supply chains

Supply chain strategists worldwide are recognizing the advantages of IoT implementation across industries. Managers are particularly using the Industrial Internet of Things’ to establish real-time supply chains, where digital orders are instantly incorporated into production runs. There’s a growing emphasis on customer-centric approaches, with traditional practices being supplanted by modern methods for a quicker, more responsive supply network. Machine-to-Machine (M2M) communication captures customer-specific data, enabling businesses to analyze this information in various ways. This facilitates faster, more reliable forecasting, and optimizes production and inventory levels.

Restraint: Security threats and system compromise

Connected products and solutions are designed for specific tasks. Most Industrial Internet of Things’ solutions operate on specific operating systems like VxWorks, MQX, INTEGRITY, Windows, or a simplified version of Linux4. Traditional security measures often fall short on these platforms. Manufacturers globally now view security as a crucial aspect alongside functionality. Security is integrated into the hardware and firmware of the solution. The rise of modern digital attacks on IIoT solutions necessitates IT and OT experts to collaborate and develop secure systems tailored to specific scenarios. IT professionals focus on system security, while OT professionals prioritize worker safety. Both IT and OT professionals must work together to foster a mutual understanding of the company’s objectives and their importance.

What Does This Report Include?

This section will provide insights into the contents included in this industrial internet of things market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Industrial internet of things market 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

Industrial internet of things market 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

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Research Methodology

A three-pronged approach was followed for deducing the industrial internet of things market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for industrial internet of things market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of industrial internet of things market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Industrial Internet of Things Market Categorization:

The industrial internet of things market was categorized into three segments, namely component (Solution, Services, Platform), end-use (Metal & Mining, Chemical, Manufacturing, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Agriculture), regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Segment Market Methodology:

The industrial internet of things market was segmented into component, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The industrial internet of things market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Germany; the UK; Benelux; Nordic Countries; China; Japan; India; South Korea; Australia; Brazil; Mexico; Chile; Peru.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Industrial internet of things market companies & financials:

The industrial internet of things market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Microsoft Corporation- Microsoft, a U.S.-based multinational tech firm, operates in various sectors including software development, hardware, consumer electronics, social networking, cloud computing, and more. Headquartered in Redmond, Washington, it offers renowned products like Windows, Office Suite, Internet Explorer, and Edge web browsers. Microsoft’s global presence is bolstered by 60 data centers across five continents. It also offers industrial IoT services, reducing the gap between physical and virtual worlds.

  • Texas Instruments- Texas Instruments, a U.S. company established in 1930, specializes in the production of analog and embedded processing chips. With its headquarters in Dallas, Texas, and a presence in about 15 global locations, it manufactures integrated circuits from sensors to cloud. This enhances the precision in sensing, comprehending, and transmitting intelligent data. Backed by their design tools and system experts, Texas Instruments boasts a prominent cloud partner network in the industry. Advancements in nanopower, mmWave sensing, 5G, connectivity, artificial intelligence, and deep learning contribute to improved IoT designs. Texas Instruments’ integrated circuits aid IoT designs in connectivity, security, sensing, and power.

  • Amazon web services - Amazon Web Services (AWS), a U.S.-based company established in 2006, offers over 200 comprehensive services from data centers worldwide. AWS provides a globally recognized cloud platform and has developed the AWS IoT for devices to connect securely and effortlessly to the cloud. With the largest and most vibrant community and thousands of global partners, AWS ensures security with 230 compliance and governance services and features. It supports 90 security standards and compliance certifications and offers 117 AWS IoT services via the cloud platform. AWS assists numerous companies with IIoT, including Volkswagen, British Gas, Vantage Power, Yanmar, and Honeywell. These companies depend on AWS to address the challenges faced by industrial customers and to discover new business value using high-quality predictive analysis, predictive maintenance analytics, process optimization, and asset condition monitoring.

  • Intel Corporation - Intel Corporation, based in the U.S., offers industrial IoT solutions that bring intelligence to buildings, machines, supply chains, factories, and electrical grids. It collaborates with leading technology partners to develop integrated solutions for IIoT, capable of handling dynamic systems and solving complex problems. Intel’s diverse range of industrial IoT solutions includes Industrial PCs, Robotics technology and solutions, Intel Edge Insights for industrial applications, Intel Processors for IoT, Intel Edge Control for industrial use, Intel FPGAs, Intel Vision products, and Intel Movidius VPUs. By leveraging IT/OT convergence, Intel aims to reduce the cost and complexity of Industrial IoT deployments.

  • Advantech. - Advantech, a company based in Taiwan and established in September 1983, has unveiled its visionary plan for the next five years, aiming to become one of the top 10 industrial IoT platform providers by 2025. The company plans to expand through the development of smart manufacturing, smart city, and smart service ecosystems. With a focus on online target marketing and data-driven precision marketing, Advantech aims to become a leading brand in the industrial IoT e-commerce sector. The company has developed the Wise series of Phase II/III AIoT Paradigm shifts, securing a position among the world’s top 10 industrial IoT software platforms.

  • SAP - SAP, a German company established in 1972, is a leading provider of business software. Headquartered in Walldorf, Germany, it employs 107,415 people as of 2021. SAP leverages the Industrial Internet of Things’ to create diverse production processes that can adapt to dynamic demands, setups, and workflows. It has developed a network that integrates every machine, partner, and employee across approximately 35 locations in 16 countries, operating 65 data centers. SAP aids in transforming raw data into valuable business processes and automation. IIoT devices and sensors collect, process, and share real-time data, converting it into actionable business decisions.

  • Cisco Systems, Inc. - Cisco Systems, Inc. is U.S. based company headquartered in California, and has 25,800 employees, and operates in multiple locations across the globe. The company designs and sells a broad range of technologies. These technologies are designed to help the customers to manage their daily operations. The company has extended its intent-based networking capabilities to the wireless enterprise. The company SD-WAN and industrial internet of things edge solutions are designed to provide any devices to cloud connectivity; this enables the workforce to use the software as a service (SAAS) to optimize the workload.

  • ABB.- ABB is a global corporation headquartered in Switzerland, with operations spanning over 100 countries. The company is committed to providing efficient and effective solutions to address a wide range of challenges. Their offerings are designed to facilitate swift problem resolution, ensuring that their clients can maintain optimal operations. They are at the forefront of delivering Industrial Internet of Things’ solutions. They leverage connected systems, internet-enabled assets, and mobile devices on an ad-hoc basis to provide these solutions. Additionally, they utilize simulation techniques and safety support mechanisms to ensure the reliability and security of their IIoT solutions. ABB’s IIoT platform is powered by ABB Ability Genix, a comprehensive suite that combines artificial intelligence and industrial analytics. This platform serves as the backbone of their IIoT solutions, providing a robust and versatile foundation for a wide range of applications. The company is dedicated to continuous improvement and innovation. They regularly update the Genix platform with new applications aimed at enhancing performance and sustainability. These applications also focus on improving process efficiency, managing inventory effectively, and ensuring the safety and productivity of staff. This commitment to ongoing development underscores the company’s mission to empower their clients with cutting-edge solutions.

  • Siemens AG - Established in 1887, Siemens AG is a renowned company based in Munich, Germany. It offers a wide array of industrial Internet of Things (IoT) services across various sectors. Siemens AG plays a pivotal role in the reconciliation and consolidation of financial statements, demonstrating its versatility beyond the realm of technology. As a strategic advisor and implementation partner, the company is instrumental in the digital transformation journey of many industries through its IoT services. Siemens AG provides a digital industry platform complemented by an extensive range of automation systems, catering to the diverse needs of its clients. One of its leading software offerings is MindSphere, an integrated, cloud-based Industrial Internet of Things’ operating system. MindSphere serves as a digital bridge, connecting machines and physical infrastructure to the digital world, thereby facilitating seamless interaction and data exchange. This comprehensive approach positions Siemens AG as a leader in the IIoT landscape, driving innovation and digital transformation across industries.

  • IBM Corporation- IBM Corporation, a company rooted in the United States, boasts a global presence with operations in 175 countries and a workforce of 170,000 employees. The company offers an extensive array of Industrial Internet of Things (IoT) services, including Software as a Service (SaaS), Platform as a Service (PaaS), cybersecurity and privacy solutions, as well as automation and control technologies. IBM’s cloud technologies are intricately woven with the Industrial Internet of Things’, establishing a network that connects physical devices to the Internet. This integration facilitates the efficient collection and sharing of necessary data, underscoring IBM’s commitment to harnessing technology for enhanced connectivity and data management. This comprehensive approach positions IBM as a leader in the IIoT landscape, driving innovation and digital transformation across industries.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Industrial Internet of Things Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Industrial Internet of Things Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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