How Connected Industries Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Connected Industries Market Latest Edition Published with Forecast to 2027


According to the report, Integration and Migration of 5G Network Connectivity for Effective Wireless Communication and Low Latency Rate is one of the primary growth factors for the market. Surging Demand for Connected Industry Solutions in the Manufacturing and Chemical Industry for Process Automation and Predictive Maintenance is also expected to contribute significantly to the Connected Industries market. Overall, applications of Connected Industries, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Hardware, is boosting the Connected Industries market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as Manufacturing, is boosting the Connected Industries market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment, such as Cloud, is boosting the Connected Industries market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Connected Industries market identified that the demand is rising in many different parts of the world as "Emerging Hybrid IoT Connectivity Solutions with Bluetooth LE and Low Power Cellular Wireless Technology Will Create Significant Opportunities for IoT". Furthermore, some recent industry insights like "In October 2021, Mindtree announced the launch of its industry-specific IoT solution built on ServiceNow connected operations. The solution has been developed by leveraging advanced technologies like AI, machine learning, and the capabilities of ServiceNow Connected Operations. This will enable manufacturing and consumer goods industries to put their IoT data to work for improved decision-making and smarter operations and improve customer and field service." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Connected Industries market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Connected Industries market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Connected Industries market size is calculated using market estimation process, the Connected Industries market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Connected Industries market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales