Global Industrial Internet of Things (IIoT) Market (2016 - 2021) - Market Overview, Size and Trends

  • ID: 3971162
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
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The market for Industrial Internet of Things (IIoT) is set for tremendous growth in 2015 as more and more businesses are realising its potential uses and impact it can have on the global economy. Industrial Internet of Things market is estimated to reach USD 330 billion by 2020 with trillions of dollars at stake on Industrial Internet of Things over the next decade. It is expected that, this market will add close to USD 10 trillion to major economies by 2025, which is huge and will help in maintaining more robust and healthy trade balance in the global economy.

One of the recent trends that have been observed in the industry is the lack of readiness of the companies and the acceptability of the technology. Close to only 10 percent of the companies have explicit strategic plans in place and are destined to make concrete progress in this direction.

Some of the countries that are expected to make a mark are Switzerland, the United States, the Nordic nations and the Netherlands as these countries have enhanced business and technological infrastructure that bolsters and propels the adoption rate for IIoT. On the contrary, countries like Russia, India, Brazil, Italy and Spain need to invest in service infrastructure to make it come together.

Some of the key highlights of the report can be listed as:

- Maintenance of assets and infrastructure and increasing operational efficiency of existing projects is expected to be the top most focused areas in this market during the forecast period.
- New revenue streams could emerge from unlocking the value of large data, which can be captured and shared by connected, smart devices.
- New sophistication of jobs is expected to emerge in the near future as the collaboration of man and the machine holds great potential by automating routine task.
- Healthcare and Manufacturing are expected to be the top most segments in the market and are estimated to occupy the major application shares in the near future.

In addition to that, some of the factors that should be taken into consideration to drive productivity and efficiency can be listed as:

- Emergence of more sophisticated outcome economy will lead to open organizational structure
- Interoperability issue can be addressed by collaborating borders and industry sectors
- The merger of human capital and digital technology is expected to drive investments towards new skill production improving input factor productivity

However, factors such as adoption barriers, interoperability and risk of security could impact the market growth rate during the forecast period.

The market in the study has been segmented into by Technology (Wired and Wireless), by Component (Memory, Processor, RFID, Networking, Power Supply, Sensors, Valves and Actuators and Energy Meter), by Type (Smart Mobility, Smart Buildings, Smart Homes, Smart Lighting, Temperature Sensitive Shipping, Smart Grid, Social Web and Business Web), by Industry/Segments (Transportation, Manufacturing, Retail and Finance, Healthcare, Consumer Services, Security and Utilities), and by Geography (North America, Europe, APAC, Middle East & Africa and Latin America).

The detailed analysis and future growth of some of the major companies pertaining to this market covered are General Electric Company, ARM Holding PLC, Broadcom Corporation, CGI Group, Gainspan Corporation, PTC Inc. Atmel Corporation, Axeda Corporation, Real Time Innovations, Zebra Technologies Corporations and Omron Corporation, among others.

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1. Introduction

1.1 Study Deliverables

1.2 Market Definition

1.3 Sizing Units

1.4 Base Currency

1.5 Review and Forecast Period Years

1.6 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Econometric Forecast Model

2.4 Research Assumptions

3. Executive Summary

4. Key Inferences

5. Market Overview and Technology Trends

5.1 Current Market Scenario

5.2 Applications of Industrial Internet of Things (IIoT)

5.3 Investment Analysis

5.4 Porter's Five Forces Framework

5.4.1 Bargaining Power of Suppliers

5.4.2 Bargaining Power of Consumers

5.4.3 Threat of New Entrants

5.4.4 Threat of Substitute Products and Services

5.4.5 Competitive Rivalry within the Industry

5.5. Drivers, Restraints, Opportunities, and Challenges Analysis (Endogenous Factors)

5.5.1 Market Drivers Proliferation of Smart Devices and Sensors in Plants Growing demand for Automated and Efficient Process Increasing Adoption in Manufacturing Increasing M2M market Increasing Worker's Empowerment

5.5.2 Market Restraints High Initial Cost Lack of Information and Adoption Capability of Industry Lack of Interoperability

5.5.3 Key Challenges Analytical Know-how Attention to Security and Access Control

5.5.4 Current Opportunities in the Market Healthcare Process Automation

5.6. Technology Trends

5.6.1 New Developments

5.6.2 Industry Value-Chain Analysis

5.6.3 Product Life-Cycle Analysis

5.6.4 Product Benchmarking

6. Global Industrial Internet of Things Market, by Technology

6.1 Wireless

6.1.1 Bluetooth Low Energy

6.1.2 Wi-Fi

6.1.3 ZigBee

6.1.4 Z-Wave

6.1.5 4G/LTE

6.1.6 Satellite

6.2 Wired

6.2.1 Ethernet

6.2.2 Building Automation and Control Network

6.2.3 Foundation Fieldbus

6.2.4 HART

6.2.5 KNX

6.2.6 Others

7. Global Industrial Internet of Things Market, by Component

7.1 Memory

7.2 Processor

7.3 RFID

7.4 Networking

7.5 Power Supply

7.6 Sensors

7.7 Valves and Actuators

7.8 Energy Meter

8. Global Industrial Internet of Things Market, by Type

8.1 Smart Mobility

8.2 Smart Buildings

8.3 Smart Homes

8.4 Smart Lighting

8.5 Temperature Sensitive Shipping

8.6 Smart Grid

8.7 Social Web

8.8 Business Web

9. Global Industrial Internet of Things Market, by Industry Type

9.1 Transportation

9.1.1 Telematics

9.1.2 Industrial Fleet Management

9.1.3 In-Vehicle Entertainment

9.1.4 Proactive Monitoring

9.1.5 Vehicle Navigation

9.1.6 Safety Services

9.1.7 Personalized Insurance

9.1.8 Others

9.2 Manufacturing

9.2.1 Supply Chain Management

9.2.2 Assest/Cargo Management

9.2.3 Geofencing

9.2.4 Machine telemetry

9.2.5 Industrial Automation

9.2.6 Inventory Control

9.2.7 Real-time Monitoring

9.2.8 Others

9.3 Retail & Finance

9.3.1 Smart Cards

9.3.2 Smart Payments

9.3.3 ATM and Kiosk Monitoring

9.3.4 Digital Signage

9.3.5 Electronic Billboards

9.3.6 Others

9.4 Healthcare

9.4.1 Patient Monitoring

9.4.2 Remote Telemedicine

9.6.1 Body Sensor Monitoring

9.6.4 Remote Physician Consultation

9.6.5 Hospital Equipment Monitoring

9.6.6 Others

9.5 Consumer Services

9.6.1 Smart Home Appliances

9.6.2 Connected Home Electronics and Devices

9.6.1 Smart Home Thermostat

9.6.4 Video Feed Monitoring

9.6.5 Home Security Services

9.6.6 Others

9.6 Security

9.7.1 Video Surveillance

9.7.2 Electronic Surveillance

9.7.3 Enterprise Security Sensor Monitoring

9.7.4 Others

9.7 Utilities

9.8.1 Meter Reading

9.8.2 Alarms

9.8.3 Remote Building Temperature Control

9.8.4 Smart Grid Applications

10. Global Industrial Internet of Things, by Geography - Regional Share and Forecasts

10.1 North America (NA)

10.1.1 Introduction

10.1.2 United States

10.1.3 Canada

10.1.4 Rest of North America

10.2 Europe

10.2.1 Introduction

10.2.2 Germany

10.2.3 United Kingdom

10.2.4 France

10.2.5 Italy

10.2.6 Spain

10.2.7 Russia

10.2.8 Rest of the Europe

10.3 Asia-Pacific (APAC)

10.3.1 Introduction

10.3.2 China

10.3.3 Japan

10.3.4 India

10.3.5 Australia

10.3.6 South Korea

10.3.7 Rest of Asia-Pacific

10.4 Middle-East and Africa (MEA)

10.4.1 Introduction

10.4.2 UAE

10.4.3 Saudi Arabia

10.4.4 Israel

10.4.5 Rest of the MEA

10.5 Latin America

10.6.1 Introduction

10.6.2 Brazil

10.6.3 Argentina

10.6.4 Mexico

10.6.5 Rest of Latin America

11. Competitive Landscape

11.1 Market Share Analysis

11.2 Organic and Inorganic Growth Strategies

11.3 Patent Analysis

11.4 The Challengers

11.5 Zero-Sum Quadrant

12. Key Vendor Analysis

12.1 General Electric Company

12.2 ARM Holdings PLC

12.3 Broadcom Corporation

12.4 CGI Group Inc.

12.5 Freescale Semiconductor Inc.

12.6 Gainspan Corporation

12.7 PTC Inc.

12.8 Atmel Corporation

12.9 Axeda Corporation

12.10 Oracle Corporation

12.11 Real Time Innovations

12.12 Robert Bosch Gmbh

12.13 Zebra Technologies Corporation

12.14 IBM Corporation

12.15 Omron Corporation

12.16 DataLogic Holding Inc.

12.17 Emerson Electric Co.

12.18 Honeywell Automation

12.19 Siemens

12.20 SAP

13. Analyst Outlook for Investment Opportunities

14. Future Outlook of the Market

15. Appendix
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