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Industrial Internet of Things (IIoT) Market - Forecast (2020 - 2025)

  • ID: 3339361
  • Report
  • March 2020
  • Region: Global
  • 104 pages
  • IndustryARC
IIoT Market Overview

Internet of Things (IoT) platforms allow industries to reduce cost through improved process efficiency, asset utilization, and improved productivity. Industrial Internet of things (IIoT) is a concept that alludes to the bridging of all the machines or equipment. It includes big data, machine learning, and machine to machine communication, including all the automated mechanisms involved in the processes. IIoT has the potential to fill the gaps in the efficiency and performance of any industrial process, and offer better results in terms of revenue, output, and production. The IIoT market is estimated to grow at a CAGR of 24.4% during the forecast period 2020–2025. APAC is projected to be the fastest growing market in the geography segment.

IIoT Market Outlook

The Internet of Things is the concept of connecting any device to the Internet and other connected devices. This technology connects data using embedded sensors, processors, and communication hardware. IIoT has applications in various industries such as automotive, energy, healthcare, transportation, manufacturing, oil and gas, agriculture and forestry, medical industry, and others. According to findings, the manufacturing industry vertical is projected to hold the major share of the IIoT market in the industry vertical segment during the forecast period 2020–2025.

IIoT Market Growth Drivers

Growing support from countries around the world in the adoption of the IoT in the industrial sector to help achieve better productivity is a major growth driver for the IIoT market. Increasing adoption of IoT in the manufacturing sector can be attributed to the advantages offered by the technology in terms of reduced operational costs. Additionally, availability of wireless connectivity at lower costs is also spurring the adoption of IoT in various industry verticals.

IIoT Market Challenges

Despite strong growth factors, the market for IIoT is faced with challenges in the form of data security concerns and high initial costs of investments. Considering the large amount of data that is retrieved by the IoT connected systems, the manufacturers have concerns about data collection and sharing activities. This poses a severe threat to the growth of the IIoT market. Additionally, the high costs of investments in terms of connected devices and systems continue to pose severe challenges for the market, especially in the price sensitive markets. 

Industrial Internet of Things Market Research Scope

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the IIoT market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

IIoT Market Report: Industry Coverage

- By Component - Transmitters, Memory, Processors, Networking Components, Battery Management, Device and Equipment, Cameras Systems, RFID, Others

- By Connectivity - Wired Technologies, Wireless Technologies, Fieldbus Technologies

- By Service – System Integration, IoT Data Management, Network Management Services, Device Management Services, Cyber Security Services, Others

- By Software - Application Specific, Middleware & APIs, Data Analytics, Data Visualization, Cloud Platforms, Security, Others

- By Industry Vertical – Energy, HealthCare, Transportation, Manufacturing, Oil & Gas, Agriculture and Forestry, Chemicals, Supply Chain Visibility, Others

The IIoT market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • The Americas: The U.S., Brazil, Canada, Others
  • Europe: The U.K., Germany, France, and others
  • APAC: Japan, China, South Korea, and others
  • Rest of the World: The Middle East and Africa

IIoT Market Key Players

Some of the key players mentioned in this report are Intel Corporation (U.S.), ARM (U.K.), Atmel (U.S.), Synopsys (U.S), Melexis (Belgium), and others.

IIoT Market Trends

  • The logistics industry is moving towards digital transformation, with IoT-based solutions used along with robotics, automation, and machine learning to transform the way goods are manufactured, stored and delivered. Thus, the companies that proactively invest in these technologies will be able to operate more securely and profitably across the supply chain.
  • Singapore recently saw the roll-out of the Narrowband IoT (NB-IoT) network backed by Telco's body GSMA. The project is set to be a turning point for the country’s Smart Nation initiative and digital transformation.

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Note: Product cover images may vary from those shown
1. IIoT Market – Market Overview
1.1. Definitions and Scope

2. IIoT Market – Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by Type of Application
2.3. Key Trends Segmented by Geography

3. IIoT Market – Market Landscape
3.1. Market Share Analysis
3.2. Comparative analysis
3.2.1. Product Benchmarking – Top 10 Companies
3.2.2. Top 5 Financials Analysis
3.2.3. Market Value Split by Top 10 Companies
3.2.4. Patent Analysis – Top 10 Companies

4. IIoT Market - Market Forces
4.1. Market Drivers
4.2. Market Constraints and Challenges
4.3. Attractiveness of the market
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Customers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Degree of Competition

5. IIoT Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Opportunities Analysis
5.3. Product Life Cycle/Market Life Cycle Analysis
5.4. Suppliers and Distributors

6. Control Valves Market – By Component
6.1. Segment Type Size and Market Share Analysis
6.2. Application Revenue and Trend by Component
6.3. Product Segment Analysis by Component
6.3.1. Transmitters
6.3.2. Memory DRAM NAND Flash Memory Cards Multichip Packages NOR Flash Industrial SSDs Others
6.3.3. Processors
6.3.4. Networking Components Gateway & Routers Others
6.3.5. Battery Management Power Supply Thin Film and Printed Batteries Energy Harvesting Modules Photovoltaic Panels Thermoelectric Sources Others
6.3.6. Device and Equipment Tracking Devices Handheld Scanners Others
6.3.7. Cameras Systems
6.3.8. RFID
6.3.9. Control Systems
6.3.10. Camera systems
6.3.11. Yield Monitors
6.3.12. Robotics & Drones
6.3.13. Sensors & Actuators Vibration Temperature Pressure Heat Position Others
6.3.14. Display & Monitors
6.3.15. Others

7. IIoT Market – By Connectivity (Market Size – $Million/$Billion)
7.1. Segment Type Size and Market Share Analysis
7.2. Application Revenue and Trend by Component
7.3. Product Segment Analysis by Component
7.3.1. Wired Technologies Ethernet Modbus-TCP Profinet EtherCAT Others
7.3.2. Wireless Technologies Wi-Fi Bluetooth Low Energy (BLE) Others
7.3.3. Fieldbus Technologies Profibus Modbus-RTU CC-Link Others

8. IIoT Market – By Software (Market Size – $Million/$Billion)
8.1. Segment Type Size and Market Share Analysis
8.2. Application Revenue and Trend by Component
8.3. Product Segment Analysis by Component
8.3.1. Application Specific Asset Performance Management Operations Performance Management Field Service Management Manufacturing Solutions Others
8.3.2. Middleware & APIs
8.3.3. Data Analytics
8.3.4. Data Visualization
8.3.5. Cloud Platforms
8.3.6. Security
8.3.7. Others

9. IIoT Market – By Service (Market Size – $Million/$Billion)
9.1. Segment Type Size and Market Share Analysis
9.2. Application Revenue and Trends by Application Type
9.3. Application Segment Analysis by Type
9.3.1. System Integration
9.3.2. IoT Data Management
9.3.3. Network Management Services
9.3.4. Device Management Services
9.3.5. Cyber Security Services
9.3.6. Others

10. IIoT Market – By Solution (Market Size – $Million/$Billion)
10.1. Segment Type Size and Market Share Analysis
10.2. Application Revenue and Trends by Application Type
10.3. Application Segment Analysis by Type
10.3.1. Component
10.3.2. Network Connectivity
10.3.3. Software
10.3.4. Services

11. IIoT Market – By Industry Vertical (Market Size – $Million/$Billion)
11.1. Segment Type Size and Market Share Analysis
11.2. Application Revenue and Trends by Application Type
11.3. Application Segment Analysis by Type
11.3.1. Energy Smart metering Smart Lighting Smart Grid Asset Monitoring Remote Infrastructure Fault Detection Energy Management & Maintenance
11.3.2. HealthCare Electronic Healthcare Record Remote Health Monitoring Connected Healthcare facilities Centralized patient & hospital system Monitoring Robotics Biosensor Trackers & Fitness Bands Smart Bed Smart Pills Predictive Medicine Others
11.3.3. Transportation Logistics Asset & Freight Tracking Predictive Asset Maintenance Remote Fleet Monitoring Warehouse Capacity Optimization Route Optimization Transportation Infrastructure Intelligent Traffic Monitoring & Control Parking & Ticketing Management Others
11.3.4. Manufacturing Manufacturing Operations Management Asset management Intelligent manufacturing Performance optimization and monitoring Inventory Management Human machine interaction Others Production asset management & Maintenance Production asset monitoring and tracking Facility Safety & Security Quality Control Packing Optimization Field Service & Diagnostic Fault Detection & Maintenance Predictive & Proactive Maintenance Condition Monitoring Facility Management Asset and Resource Optimization Remote Diagnosis Logistics & Supply Chain Optimization
11.3.5. Oil & Gas Upstream Mid-Stream Connecting pipeline networks Leak detection Storage Safety and Alarms
11.3.6. Downstream Refinery Crude oil Management Facility Management Others
11.3.7. Agriculture and Forestry Farm vehicle tracking Livestock Monitoring Conservation monitoring Storage Monitoring Precision Framing Plant & soil monitoring Yield Monitoring Field Mapping Crop Scouting Weather Tracking & Forecasting Irrigation Management Inventory Management Others
11.3.8. Chemicals Equipment monitoring and predictive analytics Energy management Process management and control Safety management Production simulation Supply chain visibility
11.3.9. Others

12. IIoT Market – By Geography (Market Size – $Million/$Billion)
12.1. IIoT - Americas Segment Research
12.2. Americas Market Research (Market Size – $Million/$Billion)
12.2.1. Segment type Size and Market Size Analysis
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by Type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. Americas Product type and Application Market Size U.S Canada Mexico Brazil Argentina Others
12.3. IIoT - Europe Segment Research
12.4. Europe Market Research (Market Size – $Million/$Billion)
12.4.1. Segment Type Size and Market Size Analysis
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. Europe Segment Product type and Application Market Size U.K. Germany France Italy Spain Rest of Europe
12.5. IIoT – APAC Segment Research
12.6. APAC Market Research (Market Size – $Million/$Billion)
12.6.1. Segment Type Size and Market Size Analysis
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by Type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. APAC Segment – Product type and Application Market Size Japan China South Korea India Australia and New Zealand Rest of APAC
12.7. IIoT – RoW Segment Research
12.8. RoW Market Research (Market Size – $Million/$Billion)
12.8.1. Segment Type Size and Market Size Analysis
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by Type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. RoW Segment – Product type and Application Market Size Middle East Africa

13. IIoT Market - Market Entropy
13.1. New Product Launches
13.2. M&As, Collaborations, JVs and Partnerships

14. IIoT Market – Industry/Segment Competition Landscape
14.1. Market Share Analysis
14.2. Best Practices for Companies

15. IIoT Market Company Analysis
15.1. Market Share, Company Revenue, Products, M&As, Developments
15.1.1. Intel Corporation
15.1.2. ARM
15.1.3. Atmel
15.1.4. Synopsys
15.1.5. Melexis
15.1.6. Cisco Systems, Inc.
15.1.7. General Electric
15.1.8. Rockwell Automation, Inc.
15.1.9. ABB
15.1.10. Huawei

15.1.12. Company 12 and more
*”Financials of private companies will be provided on a best-efforts basis"

16. IIoT Market – Appendix
16.1. Abbreviations
16.2. Sources

17. IIoT Market – Research Methodology
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product Database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends
Note: Product cover images may vary from those shown