Data Bridge Market Research analyses that the industrial internet of things (IoT) platform market is expected to reach USD 1809.04 billion by 2030, which is USD 394.48 billion in 2022, at a CAGR of 20.97% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Industrial internet of things (IoT) platform support in terms of industrial internet, advanced predictive, brings together critical assets, modern industrial workers, and prescriptive analytics. Industrial internet of things (IoT) platform has incorporated IoT with a large number of industrial processes such as maintenance, automation, optimization and networking, among others. Henceforth, the Industry Internet of things is increasing the growth of the market due to the high level of performance and efficiency offered by IIoT during operations.
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Market Analysis and Insights
The Industrial internet of things is commonly focused on machine-to-machine communication, big data, and ML to deliver better reliability and efficiency to support businesses and industries in their operations. The industrial internet of things provides industrial applications such as medical devices, software-defined production processes, and robotics. The industrial internet of things helps to deliver, exchange, monitor, analyze and deliver valuable new insights.
- Increasing adoption of artificial intelligence (AI) and internet of things (IoT) in manufacturing industry
The growth of the industrial IoT market increase due to rising adoption of artificial intelligence (AI) and internet of things (IoT) in the manufacturing industry. Artificial intelligence (AI) and internet of things (IoT) help in the optimization of industrial processes coupled with providing quality control forecasting device failure, and then sending emergency alerts, among others. This has in turn augmented investment in artificial intelligence (AI) and internet of things (IoT) in the U.S. The private investment in AI reached around USD 23.6 billion In the U.S., in 2021. This has also augmented the usage cases of artificial intelligence (AI) and internet of things (IoT) across numerous industries.
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Global Industrial Internet of Things (IoT) Platform Market Scope
The industrial internet of things (IoT) platform market is segmented on the basis of component, application area and industry vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Solution
- Remote Monitoring
- Data Management
- Analytics
- Security Solutions
- Others
- Services
- Professional
- Managed
- Platform
- Connectivity Management
- Application management
- Device Management
Application Area
- Asset Management
- Supply Chain and Management
- Business Process Optimization
- Workforce Management
- Automation Control
- Emergency and Incident Management
Industry Vertical
- Process Industry
- Energy and Utilities
- Chemical and Materials
- Food and Beverages
- Discrete Industry
- Automotive
- Machine Manufacturing
- Semiconductor and Electronics
- Medical Devices
- Logistics and Transportation
- Others
Industrial Internet of Things (IoT) Platform Market Regional Analysis/Insights
The industrial internet of things (IoT) platform market is analyzed and market size insights and trends are provided by country, component, application area and industry vertical as referenced above.
The countries covered in the industrial internet of things (IoT) platform market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the industrial internet of things (IoT) platform market in terms of revenue and market share due to increasing adoption of connected technology across numerous verticals, such as manufacturing, healthcare, and other. Moreover, the strong presence of major market players cross countries in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 due to adoption of intelligent technologies, mainly in China and India in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Major TOC of the Global Industrial Iot Platform Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Global Industrial Iot Platform Market Share Analysis
The industrial internet of things (IoT) platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial internet of things (IoT) platform market.
Some of the major players operating in the industrial internet of things (IoT) platform market are:
- Google LLC (U.S.)
- Cisco (US)
- AT&T (U.S.)
- Microsoft (U.S.)
- SAS Institute Inc., (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Intel Corporation (U.S.)
- Orcale (U.S.)
- IBM (U.S.)
- SAP (Germany)
- Accenture (Ireland)
- Schneider Electric (France)
- Siemens (Netherlands)
- EUROTECH (India)
- Qualcomm Technologies, Inc (U.S.)
- Software AG (Germany)
- Hitachi, Ltd. (Japan)
- eSOL (Japan)
- Siemens (Germany)
- Davra (U.S.)
- Atos SE (France)
- Bosch.IO GmbH (Germany)
- Hitachi Vantara LLC (U.S.)
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