PUBLISHER: Lucintel | PRODUCT CODE: 1154026
PUBLISHER: Lucintel | PRODUCT CODE: 1154026
Industrial IoT Market Trends and Forecast
The future of the industrial IoT market looks promising with opportunities in the manufacturing, transportation, energy, retail, healthcare, and other industries. The global industrial IoT market is expected to reach an estimated $403.3 billion by 2027 with a CAGR of 20% from 2021 to 2027. The major drivers for this market are increasing demand for automation in manufacturing industry, increasing adoption for IoT and AI, rising awareness for safety and security, and standardization of IPv6.
Emerging Trends in the Industrial IoT Market
Emerging trends, which have a direct impact on the dynamics of the industrial IoT industry, include growing adoption of artificial intelligence in IoT applications, edge computing, and blockchain technology in IoT.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the industrial IoT market report.
Industrial IoT Market by Segment
Industrial IoT Market by End Use Industry [$B shipment analysis for 2016 - 2027]:
Industrial IoT Market by Connectivity [$B shipment analysis for 2016 - 2027]:
Industrial IoT Market by Component [$B shipment analysis for 2016 - 2027]:
Remote Monitoring
Real-Time Location System
Network Management
Security
Data Management
Professional Service
Managed Service
Industrial IoT Market by Device and Technology [$B shipment analysis for 2016 - 2027]:
Industrial IoT Market by Region [$B shipment analysis for 2016 - 2027]:
List of Industrial IoT Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial IoT companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial IoT companies profiled in this report includes.
Industrial IoT Market Insight
Features of Industrial IoT Market
FAQ
Q1. What is the industrial IoT market size?
Answer: The global industrial IoT market is expected to reach an estimated $403.3 billion by 2027.
Q2. What is the growth forecast for industrial IoT market?
Answer: The industrial IoT market is expected to grow at a CAGR of 20% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the industrial IoT market?
Answer: The major drivers for this market are increasing demand for automation in manufacturing industry, increasing adoption for IoT and AI, rising awareness for safety and security, and standardization of IPv6.
Q4. What are the major applications or end use industries for industrial IoT?
Answer: Manufacturing and transportation are the major end use industries for industrial IoT.
Q5. What are the emerging trends in industrial IoT market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industrial IoT industry, include growing adoption of artificial intelligence in IoT applications, edge computing, and blockchain technology in IoT.
Q6. Who are the key industrial IoT companies?
Answer: Some of the key industrial IoT companies are as follows:
Q7. Which industrial IoT product segment will be the largest in future?
Answer: Lucintel forecasts that wireless connectivity will remain the largest segment due to increasing usage of Wi-Fi, bluetooth, and cellular and satellite technologies.
Q8 : In industrial IoT market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.