New York, US, May 12, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), Industrial Internet of Things (IIoT) Market By Component, By Deployment, By Connectivity, By End-User - Forecast 2030.
Industrial Internet of Things Market Synopsis
The Industrial Internet of Things (IIoT) refers to the use of IoT technologies in the industrial sector, including manufacturing, transportation, energy, and other industries. It involves the use of connected devices, sensors, and machines that can collect and exchange data to optimize industrial operations and processes. IIoT helps to enhance efficiency, productivity, and safety in industries and enables real-time monitoring and control of operations. IIoT also enables predictive maintenance, which helps to avoid unplanned downtime, reduce maintenance costs, and increase equipment lifespan.
The applications of IIoT are widespread across industries. In manufacturing, IIoT can help to optimize supply chain management, production planning, and inventory management. In transportation, IIoT can help to improve logistics, fleet management, and vehicle maintenance. In the energy sector, IIoT can help to monitor and control power generation and distribution, as well as optimize energy usage. IIoT also finds application in the healthcare sector, where it can help to monitor patients and improve healthcare delivery.
January 2020
Siemens AG announced its acquisition of Edge technology startup, Nextflow Software. The acquisition will enable Siemens to expand its IIoT offerings and enhance its digital twin capabilities, which can help to optimize industrial operations.
Get a Free Sample PDF Brochure -
https://www.marketresearchfuture.com/sample_request/2135
Industrial Internet of Things Market Competitive Landscape:
The affluent companies in the Industrial Internet of Things (IIoT) Logistics industry include
- General Electric
- Siemens AG
- Accenture PLC
- Huawei Technologies CO. Ltd.
- Robert Bosch GmbH
- Intel Corporation
Industrial Internet of Things (IioT) Market Report Scope:
| Report Metrics | Details |
| IIOT Market Size by 2030 | USD 859.42 Billion |
| IIOT Market CAGR during 2020-2030 | 20.11% |
| Base Year | 2021 |
| Forecast | 2020-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Drivers | The connected and smart products are the necessary components in the smart manufacturing procedures and the connected supply chains. |
Market USP Covered:
Industrial Internet of Things Market Drivers:
The market for IIoT is driven by several factors, including increasing demand for automation and digitization in industries, growing adoption of cloud computing and big data analytics, and the need for predictive maintenance to avoid unplanned downtime. IIoT also offers benefits such as increased efficiency, productivity, and safety, which further drive market growth.
Industrial Internet of Things Market Restraints:
There are several restraints in the IIoT market, including concerns about data privacy and security, the complexity of implementation and integration, and the high initial costs associated with the deployment of IIoT solutions. Moreover, the lack of skilled personnel to manage IIoT systems can also hinder market growth.
Buy Now -
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2135
COVID 19 Analysis
The COVID-19 pandemic has had a significant impact on the IIoT market, with an increasing need for remote monitoring and control of industrial operations. The pandemic has accelerated the adoption of IIoT technologies in several industries to enable remote working and ensure business continuity. The post-COVID scenario is expected to see continued growth in the IIoT market, driven by the increasing demand for automation and digitization in industries.
Browse an In-depth Market Research Report (100 Pages) on the Industrial Internet of Things (IioT) Market -
https://www.marketresearchfuture.com/reports/industrial-internet-of-things-market-2135
Industrial Internet of Things Market Segmentation
By Component
The Component in the market includes Hardware, Solution & Service
By Deployment
The Deployment in the market includes On-Cloud, On-Premises
By Connectivity
The Deployment in the market includes Wired and Wireless
By End-User
The Deployment in the market includes IT & Telecom, Manufacturing, Healthcare, Retail, Oil &Gas, Automotive, and Others.
Industrial Internet of Things Market Regional Insights
North America is expected to dominate the IIoT market, with the presence of major players in the region, such as Cisco Systems, Intel Corporation, and IBM Corporation. Europe is also a significant market for IIoT, with the growing adoption of advanced technologies and the presence of key manufacturers in the region.
The Asia-Pacific region is expected to witness significant growth, driven by the increasing adoption of IIoT technologies in industries such as manufacturing, transportation, and healthcare, and the growing investments in the development of smart cities and infrastructure. The region is also home to several emerging economies such as China and India, which are expected to drive market growth in the coming years.
Ask To Customization -
https://www.marketresearchfuture.com/ask_for_customize/2135
Japan, being a technologically advanced country with a strong industrial base, has been actively embracing the concept of IIoT. Several factors contribute to the growth of the IIoT market in Japan:
Government Initiatives: The Japanese government has been promoting the concept of Society 5.0, which aims to create a human-centered society through the integration of various technologies, including IIoT. The government's initiatives and policies provide a favorable environment for IIoT adoption.
Manufacturing Excellence: Japan is known for its manufacturing prowess, and industries such as automotive, electronics, robotics, and machinery have a strong presence. IIoT offers opportunities for optimizing production processes, predictive maintenance, supply chain management, and product quality control, leading to improved competitiveness.
Aging Workforce and Labor Efficiency: Japan is facing an aging population and a shrinking workforce. IIoT solutions can help bridge the productivity gap by automating processes, enhancing worker safety, and improving overall operational efficiency.
Connectivity Infrastructure: Japan has a robust and well-developed telecommunications infrastructure, including 5G networks. This infrastructure enables seamless connectivity and data transfer, which are essential for IIoT implementation.
Major companies in Japan, including Hitachi, Toshiba, Mitsubishi Electric, and Fanuc, are actively involved in developing IIoT solutions and collaborating with industrial partners to leverage its potential.
This Research Report is Available in the Japanese Language:
https://www.marketresearchfuture.com/ja/reports/industrial-internet-of-things-market-2135
Related Reports:
Virtualization Security Market Research Report- Global Forecast to 2030
Payment Security Market Research Report- Global Forecast 2030
Wireless Intrusion Prevention System Market Research Report- Forecast 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Follow Us: LinkedIn | Twitter
Visit Press Release Here - https://www.marketresearchfuture.com/press-release/global-industrial-iot-market
