Global Industrial Internet of Things (IIoT) Market Size, Status and Forecast 2022

The IoT is a network of intelligent computers, devices, and objects that collect and share huge amounts of data. The collected data is sent to a central Cloud-based service where it is aggregated with other data and then shared with end users in a helpful way. The IoT will increase automation in homes, schools, stores, and in many industries. The application of the IoT to the manufacturing industry is called the IIoT (or Industrial Internet or Industry 4.0). The IIoT will revolutionize manufacturing by enabling the acquisition and accessibility of far greater amounts of data, at far greater speeds, and far more efficiently than before.
North America is expected to hold the largest share of the IIoT market in 2018. The market is flourishing in this region owing to various initiatives undertaken to encourage its development and implementation by large enterprises and governments in this region; also, there has been significant investments in the R&D of IoT solutions. These factors are driving the growth of the market in North America. The IIoT market in APAC is expected to grow at the highest CAGR during the forecast period. Rapid industrialization in emerging economies of APAC, such as China and India, and in Southeast Asian countries is boosting the adoption of IIoT solutions in this region.

Market Analysis and Insights: Global Industrial Internet of Things (IIoT) Market
The global Industrial Internet of Things (IIoT) market size is projected to reach US$ 78400 million by 2027, from US$ 57040 million in 2020, at a CAGR of 4.2% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Industrial Internet of Things (IIoT) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Industrial Internet of Things (IIoT) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Industrial Internet of Things (IIoT) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Industrial Internet of Things (IIoT) market.

Global Industrial Internet of Things (IIoT) Scope and Market Size
Industrial Internet of Things (IIoT) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Internet of Things (IIoT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Device & Technology
Software

Segment by Application
Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Cisco
Ge
Honeywell
Intel
IBM
ABB
Rockwell Automation
Siemens
Huawei
Bosch
Kuka
Texas Instrumemts
Dassault Systemes
PTC
ARM
NEC

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