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Industrial IoT (IIoT) Market Analysis Strategy Gaining Valuable Insights 2030 | ARM Holding (UK), Cisco (US), GE (US)
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With a CAGR of 6.8%, the Industrial IoT (IIoT) Market is expected to reach USD 15 billion by 2030, up from USD 8 billion in 2023, offering IoT solutions and technologies tailored for industrial applications, including manufacturing, logistics, and automation.
The Top Players in Industrial IoT (IIoT) market:
ARM Holding (UK), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Dassault Systèmes (France), Honeywell (US), Huawei Technologies (China), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch (Germany), Siemens AG (Germany), PTC (US) & others.
Industrial IoT (IIoT) by Segmentation:
By Type:
Wired Technology
Wireless Technology
Field Technology
By Application:
Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Medical
Other
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Regional analysis:
The Industrial IoT (IIoT) Market is crucial worldwide, with major regional markets in North America, Europe, and Asia-Pacific. North America, including the United States, focuses on IIoT solutions for industrial automation, predictive maintenance, and data analytics, with an emphasis on smart manufacturing and connected machinery. Europe places importance on IIoT system reliability and its role in enhancing production efficiency, supply chain optimization, and energy management. Asia-Pacific, including countries like Japan, is growing as industries adopt IIoT technologies to drive operational excellence, leading to increased demand for IIoT solutions to transform manufacturing and industrial processes.
Competitive Analysis:
In the Industrial Internet of Things (IIoT) Market, key players including ARM Holding, Cisco, and GE engage in competition by providing IoT solutions for industrial applications. ARM Holding offers IoT hardware and software solutions, Cisco specializes in industrial networking and IoT infrastructure, and GE provides IoT technology for industrial automation and analytics. The market is competitive as these companies invest in IIoT technology, edge computing, and data analytics to meet the evolving needs of industries seeking greater efficiency, automation, and connectivity in their operations.
Industrial IoT (IIoT) Market Opportunity and Benefits:
The Industrial IoT (IIoT) Market is witnessing substantial growth as industries adopt IoT technology to enhance automation, connectivity, and data-driven decision-making in manufacturing and industrial processes. IIoT solutions provide connectivity and data analytics for monitoring and controlling industrial equipment and processes. Companies in this market can offer IIoT technology and services that cater to manufacturing, energy, and transportation sectors, offering opportunities to enhance operational efficiency, reduce downtime, and improve asset management. As industries seek to leverage IoT technology for improved productivity and competitiveness, the IIoT market presents opportunities for businesses to provide essential solutions that transform industrial operations and enhance the digitalization of manufacturing and infrastructure.
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Research methodologies:
To explore the Industrial IoT (IIoT) Market, a meticulous research methodology was applied. Primary research encompassed interviews and surveys with industrial IoT specialists, manufacturers, and IIoT solution providers, ensuring real-time insights. Simultaneously, secondary research sourced data from industrial technology reports, IIoT platform reviews, and reliable sources, offering a comprehensive understanding of the Industrial IoT (IIoT) Market, covering connected devices, data analytics, and market trends.
Reasons to Purchase This Report:
The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the Industrial IoT (IIoT) market covering all its essential aspects.
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Following Chapter Covered in the Industrial IoT (IIoT) Market Research:
Chapter 1- Provides an overview of Industrial IoT (IIoT) market, containing global revenue and CAGR. The forecast and analysis of market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of Industrial IoT (IIoT). In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in Industrial IoT (IIoT) industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of Industrial IoT (IIoT) in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of Industrial IoT (IIoT), by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire Industrial IoT (IIoT) market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the Industrial IoT (IIoT) market by type and application.
FAQs:
1)What is the study period of this market?
2)What is the growth rate of this Market?
3)Which region has the highest growth rate in this Market?
4)Which region has the largest share in this Market?
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