Industrial IoT Market is expected to reach 151.01 Billion USD by 2020

According to the new market research report "Industrial IoT Market by Technology (Sensors, RFID, Industrial Robotics, 3D Printing, DCS, Condition Monitoring, Smart Meter, Autonomous Haulage System, Yield Monitors, Guidance & Steering, GPS/GNSS), Software, & Geography - Global Forecast to 2020", the IIoT market is expected to reach USD 151.01 Billion by 2020, at a CAGR of 8.03% between 2015 and 2020. Factors which are driving the IIoT market include technological advancements in semiconductor and electronics, evolution of cloud computing technologies, standardization of IPv6, and support from governments all over the world.

PDF Sample Download :-

Browse 71 market data tables and 62 figures spread through 164 pages and in-depth TOC on "Industrial IoT Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.

Manufacturing sector held the largest share of the IIoT market

The manufacturing sector is witnessing a transformation through the implementation of the smart factory concept and factory automation technologies. Government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are expected to drive the IIoT solutions in Europe. Moreover, leading manufacturing countries such as the U.S., China, and India are expected to further expand their manufacturing industries and deploy smart manufacturing technologies to increase this sector’s contribution to their national GDPs.

The market for the networking technology is expected to grow at a high CAGR

Machine-to-machine connectivity through wireless or wired networks forms the base for IIoT. The rising adoption of IIoT is expected to boost the market for networking technologies, especially wireless networks. These networks not only provide mobility to the equipment but also offer greater scalability and ease of integration to the network.

APAC expected to hold the largest market share and witness rapid growth during the forecast period

APAC is a leading manufacturing hub and held the largest market share for IIoT in 2014. It is also expected to witness rapid growth during the forecast period owing to the growing adoption of IIoT solutions across the manufacturing, mining, healthcare, and energy & power sectors. Within APAC, China held the largest market share for IIoT, whereas India is expected to grow at the highest CAGR among all the major markets.

Make an Enquiry :-

The major companies in the IIoT market include General Electric (U.S.), Cisco Inc. (U.S.), Intel Corporation (U.S.), Rockwell Automation (U.S.), ARM Holdings plc. (U.K.), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International, Inc. (U.S.), Dassault Systèmes SA (France), Huawei Technology Co., Ltd. (China), Zebra Technologies (U.S.), IBM Corporation (U.S.), and Robert Bosch GmbH (Germany) among others.

This research report categorizes the global IIoT market on the basis of industry vertical, technology, software, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the IIoT market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the IIoT market.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan          
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog@
Connect with us on LinkedIn @
Website :-