Cart
0

Industrial Internet of Things (IIoT) Market to Reach $197 Billion, Globally, by 2023

 
 

quote North America holds the largest share in the global IIoT market. Deployment of advanced IoT technologies such as Industry 4.0, virtual reality & augmented reality and artificial intelligence, introduction to cloud‐“based services, change management, and predictive maintenance and visibility are expected to boost the IIoT market in North America. quote

Seapee Bajaj
Lead Analyst, Semiconductors & Electronics at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, Global Industrial Internet of Things (IIoT) Market by Component and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the IIoT market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023.

Access Full Summary at : https://www.alliedmarketresearch.com/industrial-internet-of-things-IIOT-market

IIoT is a network of multiple devices connected through communications technologies. The sub-systems are able to collect, monitor, analyze, and deliver insights for driving business decisions for the industrial companies. IIoT is an integration of advanced technologies such as Machine-to-Machine (M2M) communication
In 2016, the hardware components dominated the IIoT market in terms of revenue. Further, based on application, the manufacturing application led the market with 35% share in 2016.

Key Findings of the Industrial Internet of Things (IIoT) Market:

  • Hardware components are projected to continue to maintain their leading position during the forecast period.
  • Manufacturing application is projected to continue to maintain its leading position till 2023.
  • Asia-Pacific is expected to exhibit promising growth rate during the forecast period.
  • IIoT industry participants is anticipated to focus on introducing new products with innovations and partnerships to improve their market share.

The key players profiled in the report include Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., ABB, Texas Instruments Inc., Dassault Systmes, Honeywell International Inc., Huawei Technology Co., Ltd., and International Business Machines Corporation (IBM). These market players focus on the development of new technology, launch of novel products with innovative variations, and adoption of partnership and collaboration as key strategies to establish their position in the market.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Industrial Internet of Things (IIoT) Market by Component (Hardware, Software, Services, and Connectivity) and Application (Manufacturing, Energy & Power, Oil & Gas, Healthcare, Transportation & Logistics, and Others) - Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
rep-img

Published Date Aug 2018

Sanitary Ware Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts