About IIOT

The use of IoT in manufacturing industries is called IIoT. It involves the integration of machinery with a network of software and sensors. IIoT plays a major role in improving profitability by reducing human intervention and eliminating risks associated with machine failures.
The IIoT provides better insight regarding equipment used by companies, combining machines with analytics. IoT with asset performance management software can provide details regarding the importance of each piece of equipment to avoid failures. It helps reduce downtime and improve efficiency. It also provides a clear picture of effective equipment maintenance that helps optimize maintenance schedules and cycles.
Major Fields of operation of the IIoT include:
• Factory automation
• Robotics
• Industrial heating, ventilation, and air conditioning (HVAC)
• Security systems
• Medical systems
• Supply chain
• Analytics

Technavio’s analysts forecast the global IIoT market to grow at a CAGR of 7.3% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global IIoT market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of IIoT software and services

The market is divided into the following segments based on Geography:
• APAC
• ROW
• Europe
• North America


Technavio's report, Global IIOT Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Cisco
• GE
• IBM
• Intel
• Rockwell Automation
• RTI

Other prominent vendors
• Accenture
• ARM Holdings
• AT&T
• Broadcom
• Google
• Honeywell
• Huawei
• Robert Bosch
• Siemens
• Zebra Technologies

Market driver
• Increased data generation using IIoT
• For a full, detailed list, view our report

Market challenge
• Complexity in data storage
• For a full, detailed list, view our report

Market trend
• Shift from IPv4 to IPv6
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.