Dublin, May 24, 2024 (GLOBE NEWSWIRE) -- The "Asia Pacific Industrial IoT Market" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific Industrial IoT market is poised for significant growth, with projections indicating a leap from US$ 24.97 billion in 2022 to US$ 46.18 billion by 2030. This growth, representing a CAGR of 8.29%, underscores the region's increasing integration of IoT technologies in various industrial sectors.
The market's expansion is primarily driven by the rising adoption of cloud platforms in the industrial sector and the increasing utilization of IoT devices to optimize operational efficiency. The integration of IoT in industries such as automotive, manufacturing, and healthcare is revolutionizing traditional processes, leading to enhanced productivity and efficiency. However, the market faces challenges from IoT malware and ransomware, posing significant risks to data security.
The market is segmented by component, connectivity, end-user, and region. The report also delves into data breach statistics and theft & fraud complaints, highlighting the importance of cybersecurity in the Industrial IoT sector.
By component, solutions is a key segment with a substantial growth opportunity of nearly US$ 19.74 billion between 2023-2030. Wireless technology, under connectivity, is experiencing the fastest growth at a CAGR of 8.5%. Among end-users, the Automotive sector commands over 18% market share in 2022, while the retail sector is expected to exceed US$ 5 billion by 2026.
China dominates the regional market with over 40% market share and a revenue of US$ 10.38 billion in 2022. India is exhibiting the fastest growth rate at over 9%. Other significant contributors include Japan, South Korea, Australia & New Zealand, and ASEAN countries, each playing a vital role in the market's development.
The market is characterized by the dominance of major players such as ABB Ability, Aveva Wonderware, Axzon, Cisco Systems, Inc., Fanuc Field System, GE Digital, HCL Technologies Limited, Hitachi Vantara Corporation, IBM, Intel Corporation, KUKA AG, Linx Asia Pacific Manufacturing, Rockwell Automation, Inc, ORANGE, Plataine, PTC Inc., Robert Bosch GmbH, and other prominent players. Major players accounting for nearly 65% of the market share. These companies are pivotal in driving innovations and market growth through their IoT solutions.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 304 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $24.97 Billion |
| Forecasted Market Value (USD) by 2030 | $46.18 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Asia Pacific |
Key Topics Covered
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Asia Pacific Industrial IoT Market
Chapter 4. Asia Pacific Industrial IoT Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Developer
4.1.2. Integrator
4.1.3. Service Provider
4.1.4. End User
4.2. Industry Outlook
4.2.1. Data Breach Statistics
4.2.2. Theft and Fraud Complaints
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. COVID-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.7.2. Price Trend Analysis, By Type
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2020
4.8.3. Competitor Mapping
Chapter 5. Industrial IoT Market Analysis, By Component
5.1. Key Insights
5.2. Market Type and Forecast, 2017 - 2030 (US$ Mn)
5.2.1. Hardware
5.2.1.1. Sensors
5.2.1.2. Camera
5.2.1.3. Distributed Control Systems
5.2.1.4. Industrial Robotics
5.2.2. Solution
5.2.2.1. Equipment utilization monitoring
5.2.2.2. Predictive maintenance
5.2.2.3. Production quality control
5.2.2.4. Inventory management
5.2.2.5. Connected logistics
5.2.2.6. Real-time industrial asset tracking and management
5.2.3. Services
5.2.3.1. Professional Services
5.2.3.2. Managed Services
Chapter 6. Industrial IoT Market Analysis, By Connectivity
6.1. Key Insights
6.2. Market Type and Forecast, 2017 - 2030 (US$ Mn)
6.2.1. Wired Technology
6.2.2. Wireless Technology
6.2.3. Field Technologies
Chapter 7. Industrial IoT Market Analysis, By Industry Vertical
7.1. Key Insights
7.2. Market Type and Forecast, 2017 - 2030 (US$ Mn)
7.2.1. Manufacturing Industry
7.2.2. Automotive
7.2.3. Energy and Utilities
7.2.4. Healthcare
7.2.5. Oil & Gas
7.2.6. Agriculture
7.2.7. Metal and Mining
7.2.8. Retail Industry
7.2.9. Smart Cities
7.2.10. Railway
7.2.11. Other Industry Verticals
Chapter 8. Industrial IoT Market Analysis, By Country
8.1. Key Insights
8.2. Market Type and Forecast, 2017 - 2030 (US$ Mn)
8.2.1. China
8.2.2. India
8.2.3. Japan
8.2.4. South Korea
8.2.5. Australia & New Zealand
8.2.6. ASEAN
8.2.6.1. Malaysia
8.2.6.2. Cambodia
8.2.6.3. Indonesia
8.2.6.4. Philippines
8.2.6.5. Singapore
8.2.6.6. Thailand
8.2.6.7. Vietnam
8.2.6.8. Rest of ASEAN
Chapter 9. China Industrial IoT Market Analysis
9.1. Key Insights
9.2. Market Dynamics
9.2.1. Impact Analysis of Market Dynamics
9.3. Key Players Market Share, 2021 (Revenue %)
9.4. Market Type and Forecast, 2017 - 2030 (US$ Mn)
9.4.1. By Component
9.4.2. By Connectivity
9.4.3. By Industry Vertical
Chapter 10. India Industrial IoT Market Analysis
Chapter 11. Japan Industrial IoT Market Analysis
Chapter 12. South Korea Industrial IoT Market Analysis
Chapter 13. Australia & New Zealand Industrial IoT Market Analysis
Chapter 14. ASEAN Industrial IoT Market Analysis
Chapter 15. Malaysia Industrial IoT Market Analysis
Chapter 16. Cambodia Industrial IoT Market Analysis
Chapter 17. Philippines Industrial IoT Market Analysis
Chapter 18. Singapore Industrial IoT Market Analysis
Chapter 19. Thailand Industrial IoT Market Analysis
Chapter 20. Vietnam Industrial IoT Market Analysis
Chapter 21. Indonesia Industrial IoT Market Analysis
Chapter 22. Rest of ASEAN Industrial IoT Market Analysis
Chapter 23. Rest of Asia Pacific Industrial IoT Market Analysis
Chapter 24. Company Profiles
(Company Overview, Financial Matrix, Key Product Landscape, Key Personnel, Key Competitors, Contact Address, Business Strategy Outlook)
24.1. ABB Ability
24.2. Aveva Wonderware
24.3. Axzon
24.4. Cisco IoT
24.5. Fanuc Field System
24.6. GE Digital
24.7. HCL Technologies Limited
24.8. Hitachi Vantara Corporation
24.9. IBM
24.10. Intel Corporation
24.11. KUKA AG
24.12. Linx Asia Pacific Manufacturing
24.13. Rockwell Automation, Inc.
24.14. ORANGE
24.15. Plataine
24.16. Predix by GE
24.17. PTC Inc.
24.18. Robert Bosch GmbH
24.19. Other Prominent Players
For more information about this report visit https://www.researchandmarkets.com/r/lk6p8l
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