This 188-page report, “Global Industrial IoT Market 2020-2030 by Offering (Hardware, Software, Services, Connectivity), Technology, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity,” is highlighted by 63 tables and 94 figures and is based on extensive research of the entire global industrial IoT market and all of its sub-segments through extremely detailed classifications. Premium primary and secondary information sources are used to create in-depth research and assessment, with input coming from business specialists working across the value chain.
The market for industrial IoT will reach $205.7 billion by 2030, growing by 10.8% annually over 2020–2030 due to strong government support for industrial digitalization, an increase in the adoption of industrial IoT devices, and an increase in the use of cutting-edge technologies like cloud computing and AI.
The paper uses studies from 2017 to 2019 as its base year and provides estimates for 2020 and forecasts from 2021 to 2030. (Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years past the base year and the most recent historical year serves as the base year.)
The following aspects are identified and examined in-depth qualitative analyses:
Porter’s Five Forces: Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities
By taking COVID-19 into consideration, the trend and outlook for the global market are predicted with an upbeat, fair-minded, and conservative viewpoint. The global industrial IoT market is quantified from all angles, including offering, technology, application, industry vertical, and region, using the balanced (most likely) prediction.
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Based on Offering, the global Industrial IoT Market is divided into the following sub-markets, each of which includes annual revenue ($ mn) for 2019–2030.
• Hardware
• Software & Solutions
• Services
o Professional Services
o Managed Services
• Connectivity
o Wired Technology
o Wireless Technology
o Field Technologies
Based on Technology, the global Industrial IoT Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Sensors
• Camera
• Distributed Control Systems
• Industrial Robotics
• Condition Monitoring
• RFID
• Yield Monitor
• GPS/GNSS
• Other Technologies
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Data Management Solutions for Analytics
• Smart Robotics
• Distribution Management System
• Manufacturing Execution System (MES)
• Asset and Resource Optimization
• Product Lifecycle Management
• Remote Monitoring
• Retail Management System
• Predictive Maintenance
• Other Applications
Based on Industry Vertical, the global Industrial IoT Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Manufacturing Industry
• Automotive & Transportation
• Energy and Utilities
• Healthcare
• Oil & Gas
• Agriculture
• Metal and Mining
• Retail Industry
• Other Industry Verticals
Along with the listed national/local markets, the following geographic areas are thoroughly investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• America, North (U.S., Canada, and Mexico)
Latin America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa) (UAE, Saudi Arabia, South Africa)
Detailed analysis and data for annual revenue ($ mn) for each of the aforementioned regions and nations are provided for the years 2019 through 2030. All regional markets are broken down by country, and the important national markets are divided by offering and industry vertical over the anticipated years.
The Industrial IoT Market study also analyses the present competition landscape, the anticipated trend, and it provides profiles of key vendors, including both established market leaders and significant up-and-coming companies.
Through AMR’s Risk Assessment System, possible risks related to investing in the worldwide industrial IoT market are evaluated quantitatively and qualitatively. Critical Success Factors (CSFs) are developed based on the risk analysis and evaluation as a guide to assist investors and stockholders in identifying emerging possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and decisions.
Key Players (this list may not be exhaustive; additional businesses can be included upon request):
ABB Ltd.
A.P Moller-Maersk A/S
Accenture plc
AT&T INC.
CATERPILLAR INC.
Cisco Systems Inc.
FANUC CORPORATION
GE Digital
HCL Technologies Limited
Hitachi Vantara Corporation
IBM
Intel Corporation
KUKA AG
MAVERICK Technologies, LLC.
ORANGE
PTC Inc.
Robert Bosch GmbH
Rockwell Automation, Inc.
Siemens AG
Tata Communications
Telia Company
Verizon Communications Inc.
Vodafone Group Plc