What is Industrial Internet-of-Things Market Scope?
IOT is the device that contains electronics, networking, and software which allow these things to attach, interrelate and exchange data. Expansion of low-power hardware devices, Big Data analytics, robotics & automation, cloud addition, and smart sensors will help to boost the global Industrial IOT market. Wi-Fi connectivity, technological improvements in wireless technologies will help to boost the global industrial internet of things market.
The Industrial Internet-of-Things market study is being classified and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Industrial Internet-of-Things market throughout the predicted period.
AT&T (United States), Amazon (United States), Google (United States), Apple (United States), Cisco Systems, Inc. (United States), General Electric (United States), ABB Group (Switzerland), Rockwell Automation, Inc. (United States), Texas Instruments Inc. (United States), Honeywell International Inc. (United States), IBM Corporation (United States), Dassault Systemes (France) and Huawei Technology Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Accenture (Ireland), Omron (Japan), DataLogic (Italy), Pivotal (United States), Seeq (United States) and TempoDB (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Industrial Internet-of-Things market by Type, Application and Region.
On the basis of geography, the market of Industrial Internet-of-Things has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
On 15 June 2018, IBM has acquired Oniqua a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimization solutions and services for improvements IoT abilities to help businesses proactively maintain vital assets. and 28th Oct 2018, IBM has acquired Red Hat. The deal was established for 34 billion dollars.
7 November 2018, Texas Instruments has launched mmWave technology for global industrial market included new 60-GHz sensor portfolio.
Influencing Market Trend
- Increasing Use of Cloud Computing Platform
- Increase Demand of Smart City as well as Smart Transportation
Market Drivers
- Increasing Demand for Big Data Analytics
- Technological Improvements in Semiconductor and Electronics Devices
- Low Cost of Systems
Opportunities
- Initiation of IOT in Healthcare Industries
- Growing Number of Data Centres
Restraints
- Insufficient IT infrastructure
- A dearth of Expert Workforce
Challenges
- Data Safety and Privacy Weaknesses
Key Target Audience
Wireless Device Producers, Systems Integration Companies, Sensors and Actuators Providers, IoT Service Providers, Manufacturing Service Providers, Embedded Systems and Robotics Industry, Government and Other research Industries and Others
Customization available in this Study:
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