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Industrial Internet of Things Market by IIoT Technologies, Solutions and Services 2022 - 2027

  • ID: 5312042
  • Report
  • April 2022
  • Region: Global
  • 358 Pages
  • Mind Commerce
1h Free Analyst Time
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Manufacturing and Healthcare are Rapidly Integrating AI with IIoT for AIIoT Market Solutions

FEATURED COMPANIES

  • ABB
  • ATOS
  • Cisco System Inc.
  • General Electric
  • PTC
  • Sensata Technologies
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

This report evaluates IIoT technologies, companies, applications, services, and solutions. The report includes IIoT market sizing with forecasts covering the global and regional IIoT outlook as well as IIoT by industry vertical, software, hardware, and services for the period 2022 to 2027. The report also evaluates technologies supporting the IIoT market including 5G, AI, and advanced data analytics.


Select Report Findings:

  • Total global IIoT market will reach $988B by 2027, driven by manufacturing and healthcare
  • IIoT in manufacturing alone will reach $178.2 billion globally by 2027, growing at 17.9% CAGR
  • IIoT DaaS market for enterprise and industrial segments will reach $11.5 billion globally by 2027
  • IIoT data storage will reach $103.4 billion globally by 2027, led by manufacturing and healthcare verticals
  • Private wireless implementations to be a major driver for IIoT adoption within all major production-oriented industries
  • North America will be the leading region followed by Europe, led by Germany, and Asia Pac, led by Japan and South Korea
  • Combining AI with digital twins, cloud robotics, and teleoperation to drive substantial market opportunities for systems integration

The world is now experiencing its fourth stage of industrial evolution, which involves a marriage of physical and cyber systems for even greater productivity as well as new business models that were heretofore incomprehensible. This 4th stage (also known as Industry 4.0) builds upon the evolution from the previous three stages. 

The fourth stage, also referred to as Industry 4.0, depends upon the maturation of a few important technologies including adaptive manufacturing, AI, big data analytics, IoT, and advances in robotics. Industry 4.0 solutions will benefit many industries including traditional manufacturing as well as any other industry verticals which rely upon efficient and effective business automation.

However, the USA has been in an industrial depression since the year 2000, due largely to offshoring significant portions of the industrial base to China. The industrial sector represents a smaller share of the economy than most other developed nations. Other countries in a similar status are France and the UK. Accordingly, there is an ever-pressing need within developed countries for improvements in productive efficiency and effectiveness.

Industrial Internet of Things (IIoT) solutions are poised to transform many industry verticals including healthcare, retail, automotive, and transport. For many industries, IIoT will significantly improve reliability, production, and customer satisfaction. While IIoT will initially improve existing processes and augmented current infrastructure, the ultimate goal will be to realize entirely new, and dramatically improved products and services.

Successful companies will be those that understand how and where IoT technologies and solutions will drive opportunities for operational improvements, new and enhanced products, and services, as well as completely new business models.

IIoT will significantly improve reliability, production, and customer satisfaction. Initially focusing on improving existing processes and augmented current infrastructure, IIoT will rely upon as well as integrate with certain key technologies, devices, software, and applications.

IIoT involves a substantial breadth and depth of technologies, many of which require careful integration and orchestration. Leading managed service providers are looking beyond core Machine-to-Machine (M2M) communications towards more advanced services that involve IoT platform and device mediation, data management, and application coordination.

M2M messaging itself is evolving to a flatter hierarchical structure with edge computing networks, which will require managed privacy and security services to ensure data integrity and asset protection. M2M communications for IIoT will become increasingly necessary for enterprise and industrial organizations that wish to fully leverage IoT technologies.

Data analytics solutions provide the means to process vast amounts of machine-generated, unstructured data captured by M2M systems. As IIoT progresses, there will be an increasingly large amount of unstructured machine data. The growing amount of machine-generated industrial data will drive substantial opportunities for AI support of unstructured data analytics solutions.

The industrial sector is rapidly integrating IIoT solutions with many of the aforementioned technologies. This convergence will have a profound effect on industrial processes as well as create opportunities for product and service transformation. In some cases, entirely new business models will result from integration with broadband wireless and cloud technologies as the “as a service” model transforms many existing products into services. Also, IIoT solutions are evolving from transparency into operations to proactive maintenance and correction.

One clear area of improvement for industrial businesses will be teleoperation and telerobotics as various industries will leverage the ability to control real machines/equipment by virtual objects through master controlling interfaces. We see teleoperations being transformed by digital twin technologies, which refers to the mapping of the physical world to the digital world in which IoT platforms and software are leveraged to create a digital representation of physical objects or assets. The digital twin of a physical object can provide data about the asset such as its physical state and disposition.

The use of 5G for IIoT networks will be of great importance to certain industry verticals such as agriculture, logistics, and manufacturing. The combination of robotics, teleoperation, and cloud technologies is poised to transform enterprise operations, industrial processes, and consumer services across many industrial related industry verticals.

All of these industrial sectors will also require efficient and effective computing systems. There is a substantial opportunity for both a centralized cloud `as a service` model for software, platforms, and infrastructure as well as edge computing cloud solutions for industry. The combination of robotics, teleoperation, and cloud technologies is poised to transform industrial processes across many industry verticals.

The industrial sector is rapidly integrating IIoT solutions with many of the aforementioned technologies. This convergence will have a profound effect on industrial processes as well as create opportunities for product and service transformation. In some cases, entirely new business models will result from integration with broadband wireless and cloud technologies as the `as a service` model transforms many existing products into services. In addition, IIoT solutions are evolving from transparency into operations to proactive maintenance and correction.

Looking beyond command and control of machinery and processes, IoT data itself will become extremely valuable as an agent of change for product development as well as identification of supply gaps and realization of unmet demands. Direct purchase of this report includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.


With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

FEATURED COMPANIES

  • ABB
  • ATOS
  • Cisco System Inc.
  • General Electric
  • PTC
  • Sensata Technologies
1 Executive Summary

2 Overview
2.1 The Industrial Internet of Things Market Opportunity
2.1.1 People, Processes, and Technology
2.1.2 IIoT and People
2.1.3 IIoT and Processes
2.1.4 IIoT and Technologies
2.2 Critical Focus Areas for IIoT Execution
2.3 IIoT Application Areas
2.3.1 Process Optimization
2.3.2 Enhance, Integrate, and Scale existing Corporate IT Systems
2.3.3 Leverage Potential of Existing Infrastructure
2.4 Forming a Foundation for IIoT
2.4.1 Industrial Internet Consortium
2.4.2 Industry Leading Companies set the Pace
2.4.3 Industry Test Beds for IIoT
2.4.4 Industrial Internet Reference Architecture
2.5 Evaluating the Future Potential of IIoT
2.5.1 Cyber-security is a Critical Concern with IIoT
2.5.2 IIoT is Facilitating a Drive-in Industrial Automation
2.5.3 Early IIoT Deployments to Benefit Existing Industries
2.5.4 IIoT will Integrate with Other Technologies to Achieve Success
2.5.5 IIoT and the Fourth Industry Revolution
2.5.6 IIoT to Facilitate Transition to Smart Factories
2.5.7 Connected Factory: New Roles for Suppliers and Customers
2.5.8 IIoT and Product Transformation to an “as a Service” Economy
2.5.9 Intelligent Manufacturing: From Smart Factories to Smarter Factories
2.5.10 Teleoperation and Tele-robotics
2.5.11 IIoT and Fifth Generation Wireless
2.5.12 IIoT and Edge Computing

3 IIoT Technologies
3.1 Hardware Technologies
3.1.1 Hardware Development Platforms
3.1.2 Smart Sensors
3.2 Software Technologies
3.2.1 Connectivity Platforms
3.2.2 Data Storage Platforms
3.2.3 Data Analytics and Visualization Platforms
3.2.4 IoT Protocols
3.3 IIoT and Manufacturing Execution Systems (MES)
3.3.1 Role and Importance with IIoT
3.3.2 MES and Cyber-Physical Systems
3.3.3 MES in the Cloud and other Convergence
3.3.4 Future of IIoT Enabled MES
3.4 Edge Computing
3.4.1 Introduction to Edge Computing
3.4.2 Mobile Edge Computing (Multi-access Edge Computing)
3.4.3 Fog Computing (Non-Cellular Edge Computing)
3.4.4 Edge Computing in Industrial Networks and Systems
3.5 Teleoperation and Telerobotics
3.5.1 Teleoperation
3.5.2 Tele-robotics
3.5.3 Cloud Robotics
3.6 Digital Twin Technologies and Solutions
3.6.1 Digital Twinning
3.6.2 Digital Twin Solution Drivers
3.6.3 Digital Twin Solution Use Cases
3.7 Network Technologies in IIoT
3.7.1 Wireless Local Area Network
3.7.2 Wireless Personal Area Network
3.7.3 Wireless Wide Area Networks
3.7.4 Wireless Sensor Networks

4 IIoT in Industry Verticals
4.1 Automotive and Transportation
4.2 Cargo and Logistics
4.3 Healthcare
4.4 Manufacturing
4.5 Oil and Gas
4.6 Smart Cities
4.7 Utilities

5 IIoT Case Studies
5.1 IoT Enabled Digital Transformation in Automotive
5.2 Industry 4.0 Platform Helps Advance Smart Manufacturing Operations
5.3 Smarter Systems for Increased Productivity
5.4 Connectivity and Intelligence Cleaning Automation
5.5 IIoT for Pipeline Monitoring
5.6 Smart Factories and Industrial Automation

6 IIoT Market Dynamics
6.1 IIoT Market Drivers
6.2 IIoT Market Challenges

7 IIoT Company Analysis
7.1 ABB
7.1.1 Company Profile
7.1.2 Recent Developments
7.2 Accenture
7.2.1 Company Profile
7.2.2 Recent Developments
7.3 AGT International
7.3.1 Company Profile
7.3.2 Recent Developments
7.4 ARM Holdings
7.4.1 Company Profile
7.4.2 Recent Developments
7.5 ATOS
7.5.1 Company Profile
7.5.2 Recent Developments
7.6 B+B SmartWorx
7.6.1 Company Profile
7.6.2 Recent Developments
7.7 Bosch
7.7.1 Company Profile
7.7.2 Recent Developments
7.8 C3, Inc.
7.8.1 Company Profile
7.8.2 Recent Developments
7.9 Cisco System Inc.
7.9.1 Company Profile
7.9.2 Recent Developments
7.10 Digi International
7.10.1 Company Profile
7.10.2 Recent Developments
7.11 Echelon Corporation
7.11.1 Company Profile
7.11.2 Recent Developments
7.12 Elecsys Corporation
7.12.1 Company Profile
7.13 General Electric
7.13.1 Company Profile
7.13.2 Recent Developments
7.14 Hitachi
7.14.1 Company Profile
7.14.2 Recent Developments
7.15 IBM
7.15.1 Company Profile
7.15.2 Recent Developments
7.16 Oracle
7.16.1 Company Profile
7.17 PTC
7.17.1 Company Profile
7.17.2 Recent Developments
7.18 Real-Time Innovation
7.18.1 Company Profile
7.18.2 Recent Developments
7.19 Rockwell Automation
7.19.1 Company Profile
7.19.2 Recent Developments
7.20 SAP
7.20.1 Company Profile
7.20.2 Recent Developments
7.21 Sensata Technologies
7.21.1 Company Profile
7.22 Siemens
7.22.1 Company Profile
7.22.2 Recent Developments
7.23 Wind River
7.23.1 Company Profile
7.23.2 Recent Developments
7.24 Worldsensing
7.24.1 Company Profile
7.25 Wovyn LLC.
7.25.1 Company Profile

8 IIoT Global Market Analysis and Forecasts 2022 - 2027
8.1 IIoT Market by Region 2022 - 2027
8.2 IIoT Global Market by Products Offered 2022 - 2027
8.2.1 IIoT Market for Hardware in 2022 - 2027
8.2.2 IIoT Market for Software in 2022 - 2027
8.2.3 IIoT Market for Services 2022 - 2027
8.3 IIoT Global Market by Industry Vertical 2022 - 2027
8.3.1 IIoT Deployments in Manufacturing Sector 2022 - 2027
8.3.2 Healthcare Market for IIoT 2022 - 2027
8.3.3 Automotive Industry Market for IIoT 2022 - 2027
8.3.4 Retail industry Market for IIoT 2022 - 2027
8.3.5 Oil and Gas Industry Market for IIoT 2022 - 2027
8.3.6 Market for IIoT by Cargo and Logistic Sector 2022 - 2027
8.3.7 IIoT in Utilities Sector 2022 - 2027
8.3.8 IIoT in Hospitality Sector 2022 - 2027

9 Future of IIoT Technologies, Solutions, and Deployment
9.1 IIoT Deployment and Support
9.1.1 Carrier Supported IIoT Networks
9.1.2 IIoT and Private Wireless Networks
9.2 Evolution of IIoT Economic Value
9.2.1 Internal Company Benefits
9.2.2 Customer Oriented Benefits
9.2.3 IIoT Data Becomes the Product
9.3 IIoT and Technology Convergence
9.4 IIoT Data as a Service
9.4.1 Data as a Service (DaaS) General Market
9.4.2 DaaS Market for Business Data (Enterprise and Industrial)
9.5 DaaS Market by Source: Machine and Non-Machine Data
9.6 DaaS Market by Data Collection: IoT and Non-IoT Data

10 Appendix: Additional IIoT Vendor Analysis
10.1 European IIoT
10.2 North American IIoT
10.3 Asia IIoT

List of Figures
Figure 1: IIoT Impact on Automation and Processes
Figure 2: Four Pillars of IIoT Execution
Figure 3: IoT Framework
Figure 4: 5G and IIoT
Figure 5: Requirements for Wireless IIoT Access Technology
Figure 6: Hardware Systems used in IIoT
Figure 7: Software Solutions used in IIoT
Figure 8: Smart Sensor Components
Figure 9: Smart Sensor Model
Figure 10: Smart Sensor Model with Functional Partitioning
Figure 11: IoT Data Processing Flow
Figure 12: Sensor Node Components
Figure 13: Wireless Sensor Network Topologies
Figure 14: IIoT Market Drivers and Constraints
Figure 15: Embedded Systems and IIoT
Figure 16: Managing Devices, Processes, and End-users in IIoT
Figure 17: IIoT Management Platform: Cloud, Connectivity, and Devices
Figure 18: Fourth Generation Automation Software
Figure 19: Global IIoT Market 2022 - 2027
Figure 20: IIoT Regional Market 2022 - 2027
Figure 21: IIoT Deployments in Manufacturing Sector 2022 - 2027
Figure 22: IIoT Deployments in Manufacturing Sector by Region 2022 - 2027
Figure 23: IIoT Deployments in Healthcare Sector 2022 - 2027
Figure 24: IIoT Deployments in Healthcare Sector by Regions 2022 - 2027
Figure 25: IIoT Deployments in Automotive Sector 2022 - 2027
Figure 26: IIoT Deployments in Automotive Sector by Regions 2022 - 2027
Figure 27: IIoT Deployments in Retail Sector 2022 - 2027
Figure 28: IIoT Deployments in Retail Sector by Regions 2022 - 2027
Figure 29: IIoT Deployments in Oil and Gas Sector 2022 - 2027
Figure 30: IIoT Deployments in Oil and Gas Sector by Regions 2022 - 2027
Figure 31: IIoT Deployments in Cargo and Logistics Sector 2022 - 2027
Figure 32: IIoT Deployments in Cargo and Logistics Sector by Regions 2022 - 2027
Figure 33: IIoT Market for Utilities Sector 2022 - 2027
Figure 34: IIoT Market for Utility Sector by Regions 2022 - 2027
Figure 35: IIoT Market for Hospitality Sector 2022 - 2027
Figure 36: IIoT Market for Hospitality Sector by Regions 2022 - 2027
Figure 37: DaaS Market for Business Data
Figure 38: DaaS Market by Solution using Business Data
Figure 39: DaaS Market Industry Vertical

List of Tables
Table 1: Leading Proprietary RTOS in Embedded Systems
Table 2: Global IIoT Market 2022 - 2027
Table 3: IIoT Regional Market 2022 - 2027
Table 4: IIoT Market by Product Segments 2022 - 2027
Table 5: IIoT Regional Market by Product Sub-segments 2022 - 2027
Table 6: Market for Connectivity Platforms by Industry Sector 2022 - 2027
Table 7: Market for Connectivity Platforms by Regions 2020 - 2028
Table 8: Market for Sensor Infrastructure by Industry Sector 2022 - 2027
Table 9: Market for Sensor Infrastructure by Region 2022 - 2027
Table 10: Market for Hardware Platforms by Industry Sector 2022 - 2027
Table 11: Market for Hardware Platforms by Region 2022 - 2027
Table 12: Market for Data Storage by Industry Sector 2022 - 2027
Table 13: Market for Data Storage by Region 2022 - 2027
Table 14: Market for Software Development Platforms and Apps by Industry Sector 2022 - 2027
Table 15: Market for Software Development Platforms and Apps by Region 2022 - 2027
Table 16: Market for Data Analytics platform by Industry Sector 2022 - 2027
Table 17: Market for Data Analytics platform by Region 2022 - 2027
Table 18: Market for Cyber-security Solutions by Industry Sector 2022 - 2027
Table 19: Market for Cyber-security Solutions by Region 2022 - 2027
Table 20: Market for Cloud Based Services by Industry Sector 2022 - 2027
Table 21: Market for Cloud Based Services by Region 2022 - 2027
Table 22: Market for Management and Consulting Services by Industry Sector 2022 - 2027
Table 23: Market for Management and Consulting Services by Region 2022 - 2027
Table 24: IIoT Global Market for Industry Vertical 2022 - 2027
Table 25: IIoT Deployments in Manufacturing Sector 2022 - 2027
Table 26: IIoT Deployments in Manufacturing Sector by Region 2022 - 2027
Table 27: IIoT Deployments in Manufacturing Sector by Product Sub-segment 2022 - 2027
Table 28: IIoT Deployments in Healthcare Sector 2022 - 2027
Table 29: IIoT Deployments in Healthcare Sector by Region2022 - 2027
Table 30: IIoT Deployments in Healthcare Sector by Product Sub-segment 2022 - 2027
Table 31: IIoT Deployments in Automotive Sector 2022 - 2027
Table 32: IIoT Deployments in Automotive Sector by Regions 2022 - 2027
Table 33: IIoT Deployments in Automotive Sector by Product Sub-segment 2022 - 2027
Table 34: IIoT Deployments in Retail Sector 2022 - 2027
Table 35: IIoT Deployments in Retail Sector by Regions 2022 - 2027
Table 36: IIoT Deployments in Retail Sector by Product Sub-segment 2022 - 2027
Table 37: IIoT Deployments in Oil and Gas Sector 2022 - 2027
Table 38: IIoT Deployments in Oil and Gas Sector by Regions 2022 - 2027
Table 39: IIoT Deployments in Oil and Gas Sector by Product Sub-segments 2022 - 2027
Table 40: IIoT Deployments in Cargo and Logistics Sector 2022 - 2027
Table 41: IIoT Deployments in Cargo and Logistics Sector by Regions 2022 - 2027
Table 42: IIoT Deployments in Cargo and Logistics Sector by Product Sub-segments 2022 - 2027
Table 43: IIoT Market for Utility Sector 2022 - 2027
Table 44: IIoT Market for Utility Sector by Regions 2022 - 2027
Table 45: IIoT Market for Utility Sector by Product Sub-segment 2022 - 2027
Table 46: IIoT Market for Hospitality Sector 2022 - 2027
Table 47: IIoT Market for Hospitality Sector by Regions 2022 - 2027
Table 48: IIoT Market for Hospitality Sector by Product Sub-segment 2022 - 2027
Table 49: DaaS Market for Business Data
Table 50: DaaS Market by Solution Type using Business Data
Table 51: DaaS Market by Source (Machine vs. Non-Machine Data)
Table 52: DaaS Market by Data Collection Type (IoT vs. Non-IoT)
  • ABB
  • Accenture
  • AGT International
  • ARM Holdings
  • ATOS
  • B+B SmartWorx
  • Bosch
  • C3, Inc.
  • Cisco System Inc.
  • Digi International
  • Echelon Corporation
  • Elecsys Corporation
  • General Electric
  • Hitachi
  • IBM
  • Oracle
  • PTC
  • Real Time Innovation
  • Rockwell Automation
  • SAP
  • Sensata Technologies
  • Siemens
  • Wind River
  • Worldsensing
  • Wovyn LLC

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