IIoT Platform Global Market Report 2023

“IIoT Platform Global Market Report 2023 ” 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.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

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; Amazon Web Services Inc.; International Business Machine (IBM) Corporation; Microsoft Corporation

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• 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

Major players in the IIoT platform market are: Intel Corporation, General Electric, Amazon Web Services Inc., International Business Machine (IBM) Corporation, Microsoft Corporation, Cisco Systems Inc., SAP SE, Oracle Corporation, PTC Inc., Bosch Software Innovation GmbH, Rockwell Automation Inc., Emerson Electric Co., QiO Technologies, Google Inc., and Hewlett-Packard Enterprise.

The global IIOT platform market is expected to grow from $8.48 billion in 2022 to $9.78 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IIOT platform market is expected to grow to $17.12 billion in 2027 at a CAGR of 15.0%.

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 industrial internet of things (IIoT) platform collects real-time data from hardware, software systems, sensors, and other data points into a centralized location that is typically accessible to a large number of users. Transferring the data to a centralized system, typically in the cloud but occasionally also on-premises or on edge, it eliminates the gap between systems, people, and machines. The industrial internet of things (IIoT) platform are used to connect frontline industrial processes with backend information systems.

North America was the largest region in the IIoT Platform market in 2022. 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 and Africa.

The main offering of the IIOT platform are platforms and, services. Platforms used in IIoT refer to a system for connecting frontline industrial processes with backend information systems. The application involved are asset management, remote monitoring, and network system management that are used by various end users such as manufacturing, energy and power, oil and gas, healthcare, logistics and transport, and others.

Government initiatives to promote industrial automation have propelled the growth of the industrial internet of things (IIoT) platform market. Industrial automation is the control of machinery and processes used in various industries by autonomous systems through the use of technologies including robotics and computer software. The government across the world are making initiatives to promote industrial automation and revolutionized the industrial sector to meet the competition across the work and develop the county. For instance, in December 2020, the government of Canada invested $34 million in Attabotics, a Canada-based high-density automated storage company which would build Canada's global leadership in artificial intelligence and help restart and grow Canada's economy. Furthermore, according to Analytics India Magazine, an India-based tech magazine company, in 2020, the Indian government increased the outlay for Digital India to $477 million to boost AI, IoT, big data, cybersecurity, machine learning, and robotics. Therefore, government initiatives to promote industrial automation have propelled the growth of the industrial internet of things (IIoT) platform market.

Product innovation is a key trend gaining popularity in the industrial internet of things (IIoT) platform market. Major companies operating in the industrial internet of things (IIoT) platform market are focused on developing new and innovative products to strengthen their market position. For instance, in April 2022, RS Components, a UK-based industrial equipment and facilities distributor, and Tata Consultancy Services, an India-based information technology services and consulting company launched RS Industria, a new cloud-based Industrial Internet of Things (IIOT) platform. RS Industria makes it simpler to link current sources of manufacturing asset data, such as vibration sensors, PLCs, SCADA systems, and utility meters. RS Components can employ machine learning, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) technologies to gain better and faster insight into their data. It makes it easier to link current production asset data sources including vibration sensors, PLCs, SCADA systems, and utility meters.

In 2021, Ivanti, a US-based software company acquired the industrial internet of things (IIoT) technology platform of WIIO Group for an undisclosed amount. Through the acquisition, Ivanti would enable industry 4.0 and secure the supply chain of the future. Now customers of the company would be able to get a 360-degree view of their IIoT equipment, proactively identify and solve issues and build scalable applications that drive efficiency. WIIO Group is a France-based professional IT and IIOT solutions company.

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

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.

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.