IIoT Platform Global Market Report 2024

Description

IIoT Platform Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on iiot platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for iiot platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iiot platform market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Offering: Platforms; Services
2) By Application: Asset Management; Remote Monitoring; Network System Management
3) By End-User: Manufacturing; Energy and Power; Oil and Gas; Healthcare; Logistics and Transport; Other End Users
Companies Mentioned: Intel Corporation; General Electric Company; Amazon Web Services Inc.; International Business Machine Corporation; Microsoft Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An IIoT platform serves as a centralized hub gathering real-time data from diverse sources like hardware, software systems, and sensors. This consolidated location, often cloud-based but sometimes on-premises or at the edge, bridges the gap between machinery, people, and systems. Its core function lies in seamlessly transferring data to create a cohesive network between frontline industrial processes and backend information systems.

The primary offerings of an IIoT platform encompass platforms and services. These platforms in the IIoT realm establish connections between frontline industrial operations and backend information systems. They cater to various applications like asset management, remote monitoring, and network system management. These tools find utility across different sectors such as manufacturing, energy, power, oil and gas, healthcare, logistics, transport, and beyond.The IIOT platform market research report is one of a series of new reports from The Business Research Company that provides IIOT platform market statistics, including IIOT platform industry global market size, regional shares, competitors with IIOT platform market share, detailed IIOT platform market segments, market trends, and opportunities, and any further data you may need to thrive in the IIOT platform industry. This IIOT platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The iiot platform market size has grown rapidly in recent years. It will grow from $9.81 billion in 2023 to $11.32 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. Historical growth was largely driven by the evolution of connectivity, the widespread proliferation of sensors, cost reduction measures, increased demand for predictive maintenance, and the growing reliance on remote monitoring systems.

The iiot platform market size is expected to see rapid growth in the next few years. It will grow to $19.99 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. During the projected period, growth is anticipated, primarily propelled by the adoption of digital twin technology, an increased emphasis on environmental sustainability, the advancement of autonomous vehicles and drones, real-time quality control measures, as well as the demand for customization and scalability in operations.

Government initiatives have been pivotal in boosting the industrial internet of things (IIoT) platform market. This growth is propelled by policies aimed at fostering industrial automation where machinery and processes in various sectors are controlled by autonomous systems utilizing technologies like robotics and software. Governments worldwide are driving initiatives to revolutionize industries, seeking competitive advantages and national development. For example, in March 2023, the U.S. Census Bureau's Annual Capital Expenditures Survey highlighted a significant $11,536 million expenditure on robotic equipment in 2021, representing 1.1% of total equipment spending. Notably, the survey revealed that general medical and surgical hospitals accounted for $490 million, constituting 69.6% of the overall spending on robotic equipment.

The burgeoning demand for industrial automation serves as a catalyst for the expansion of the industrial internet of things (IIoT) platform market. Industrial automation encompasses the use of control systems, like computers and robotics, to manage industrial processes, reducing human intervention. IIoT platforms in automation integrate sensors, control systems, and machinery to collect real-time data, facilitating efficient monitoring, analysis, and optimization of processes. For instance, in 2021, a survey by ABB Robotics in the UK highlighted a shift in attitudes toward automation, with 81.2% of surveyed firms considering robot investments due to the pandemic. This shift indicates a growing inclination-48.8% planned investments in automation over the next five years, foreseeing robots aiding in meeting social distancing mandates.

Innovative technological advancements emerge as a prominent trend in the industrial internet of things (IIoT) platform market. Key industry players are focused on developing innovative products to bolster their market presence. Notably, in April 2022, RS Components and Tata Consultancy Services jointly launched RS Industria, a cloud-based IIoT platform. This platform streamlines the integration of manufacturing asset data sources, such as vibration sensors and SCADA systems, harnessing machine learning, AI, AR, and VR for comprehensive and rapid data insights. RS Industria simplifies connectivity and offers insights into production asset data, optimizing operational efficiency.

Industry leaders are increasingly prioritizing innovative solutions to gain a competitive edge in the industrial internet of things (IIoT) platform market. Recent cloud-based tools are designed to enhance network visibility and control, simplifying IT operations and ensuring secure connectivity management for industrial assets. For instance, in February 2023, Cisco Systems, Inc., launched new cloud tools tailored for IIoT applications. These tools empower operations teams to securely connect, maintain, and glean insights from industrial networking devices and connected equipment. Notably, Cisco's IoT Operations Dashboard, a cloud-based solution, simplifies and secures connectivity management for industrial assets, providing visibility into their security posture while enabling deployment, monitoring, and insights into connected equipment.

In 2021, Ivanti, a software company based in the United States, completed the acquisition of WIIO Group's industrial internet of things (IIoT) technology platform, the financial details of which were not disclosed. This strategic acquisition positions Ivanti to catalyze industry 4.0 initiatives and fortify future supply chain security. With this integration, customers gain access to a comprehensive view of their IIoT equipment, enabling proactive issue identification and resolution, as well as the development of scalable applications that enhance operational efficiency. WIIO Group, based in France, specializes in professional IT and IIoT solutions.

Major companies operating in the iiot platform market report are Intel Corporation, General Electric Company, Amazon Web Services Inc., International Business Machine Corporation, Microsoft Corporation, Cisco Systems Inc., SAP SE, Oracle Corporation, PTC Inc., Bosch Software Innovation GmbH, Rockwell Automation Inc., Emerson Electric Co., QiO Technologies India Pvt. Ltd., Google Inc., Hewlett-Packard Enterprise Company, Seeq Corporation, Hitachi Vantara Enterprise Company, Softeq Corp., Cognite AS, Johnson Controls Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Siemens AG, Schneider Electric SE, ABB Ltd., Huawei Technologies Co. Ltd., Dell Technologies Inc., Accenture PLC, Capgemini SE, Infosys Limited, Wipro Limited, Tata Consultancy Services Limited, Tech Mahindra Limited, HCL Technologies Limited, L&T Technology Services Limited, Robert Bosch GmbH, Fujitsu Limited, NEC Corporation, Advantech Co. Ltd., Telit Communications PLC, Eurotech S.p.A., Wind River Systems Inc.

North America was the largest region in the IIoT Platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iiot platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the iiot platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial internet of things (IIoT) platform market includes revenues earned by entities by providing facilities management, proactive replenishment, operations and production, pervasive visibility, cloud safety and security, fleet management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12790

1. Executive Summary

2. IIoT Platform Market Characteristics

3. IIoT Platform Market Trends And Strategies

4. IIoT Platform Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global IIoT Platform Market Size and Growth

5.1. Global IIoT Platform Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global IIoT Platform Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global IIoT Platform Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. IIoT Platform Market Segmentation

6.1. Global IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platforms
Services
6.2. Global IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Asset Management
Remote Monitoring
Network System Management
6.3. Global IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Manufacturing
Energy and Power
Oil and Gas
Healthcare
Logistics and Transport
Other End Users

7. IIoT Platform Market Regional And Country Analysis

7.1. Global IIoT Platform Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global IIoT Platform Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific IIoT Platform Market

8.1. Asia-Pacific IIoT Platform Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China IIoT Platform Market

9.1. China IIoT Platform Market Overview
9.2. China IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India IIoT Platform Market

10.1. India IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan IIoT Platform Market

11.1. Japan IIoT Platform Market Overview
11.2. Japan IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia IIoT Platform Market

12.1. Australia IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia IIoT Platform Market

13.1. Indonesia IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea IIoT Platform Market

14.1. South Korea IIoT Platform Market Overview
14.2. South Korea IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe IIoT Platform Market

15.1. Western Europe IIoT Platform Market Overview
15.2. Western Europe IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK IIoT Platform Market

16.1. UK IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany IIoT Platform Market

17.1. Germany IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France IIoT Platform Market

18.1. France IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy IIoT Platform Market

19.1. Italy IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain IIoT Platform Market

20.1. Spain IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe IIoT Platform Market

21.1. Eastern Europe IIoT Platform Market Overview
21.2. Eastern Europe IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia IIoT Platform Market

22.1. Russia IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America IIoT Platform Market

23.1. North America IIoT Platform Market Overview
23.2. North America IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA IIoT Platform Market

24.1. USA IIoT Platform Market Overview
24.2. USA IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada IIoT Platform Market

25.1. Canada IIoT Platform Market Overview
25.2. Canada IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America IIoT Platform Market

26.1. South America IIoT Platform Market Overview
26.2. South America IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil IIoT Platform Market

27.1. Brazil IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East IIoT Platform Market

28.1. Middle East IIoT Platform Market Overview
28.2. Middle East IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa IIoT Platform Market

29.1. Africa IIoT Platform Market Overview
29.2. Africa IIoT Platform Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa IIoT Platform Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa IIoT Platform Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. IIoT Platform Market Competitive Landscape And Company Profiles

30.1. IIoT Platform Market Competitive Landscape
30.2. IIoT Platform Market Company Profiles
- 30.2.1. Intel Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. General Electric Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Amazon Web Services Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. International Business Machine Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Microsoft Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global IIoT Platform Market Competitive Benchmarking

32. Global IIoT Platform Market Competitive Dashboard

33. Key Mergers And Acquisitions In The IIoT Platform Market

34. IIoT Platform Market Future Outlook and Potential Analysis

34.1 IIoT Platform Market In 2028 - Countries Offering Most New Opportunities
34.2 IIoT Platform Market In 2028 - Segments Offering Most New Opportunities
34.3 IIoT Platform Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer