A summary of the Industrial IoT market

The study highlights the growth plans and strategic goals of major companies in the Industrial IoT Market sector. A variety of industry practices are assessed by the study, such as joint ventures, government and corporate transactions, partnerships and collaborations, mergers and acquisitions, brand promotions, and product launches.The most recent Market Research Report provides an in-depth examination of the market, including accurate definitions, categorizations, uses, and the industry's supply chain. This report gives insightful information about the current state of the market with unbiased and knowledgeable commentary. It explores important topics like supply and demand dynamics, market performance, production and consumption rates, and anticipated revenue generation for the forecast period.

Industrial IoT Market Value : 

Industrial IoT Market is expected to reach US$ 37.79 Mn. by 2029 with a CAGR of 10.1%, during the forecast period.

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Industrial IoT Market Dynamics:

The demand for intelligently linked devices in both commercial and industrial settings has led to a significant increase in the overall number of connected IoT devices, which in 2018 alone surpassed the 31 billion unit industrial IoT market. Building automation, industrial automation, or lighting drove the commercial and industrial sectors, with the expectation that between 2018 and 2030, over half of all new connected devices will be produced.

The Internet of Things (IoT) is not a very new concept, but things are new when they work hand in hand with other revolutionary technologies like the cloud or artificial intelligence. The convergence of verticals spanning industrial IoT, smart cities or buildings, and the linked home is being driven by the demand for IoT connection and smart cities.

Industrial IoT Market Segmentation:

by Device & Technology

Sensor
RFID
Industrial Robotics
DCS
Condition Monitoring
Smart Meter
Camera System
Networking Technology
by Software

PLM
MES
SCADA
by Vertical

Manufacturing
Energy
Oil &Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture

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Industrial IoT Market Key Players:

1. AT&T
2. Cisco, Inc.
3. GE
4. IBM
5. Intel Corporation
6. Qualcomm
7. Accenture
8. Amazon
9. ARM
10. Atos
11. Verizon
12. Microsoft Corporation
13. Google
14. Oracle Corporation
15. PTC
16. Ark Electronics
17. Ericsson, Inc.
18. Digi International Ltd.
19. Softura, Inc.
20. Amtech Electrocircuits, Inc.
21. SBT Alliance
22. Softweb Solutions, Inc.

Regional Analysis

The report presents statistical data on market growth for each influential economy in the global Industrial IoT market. It encompasses various regions, including North America, Asia-Pacific, Europe, Latin America, and MEA, providing comprehensive insights.

The report covers emerging trends, population growth, and government strategies and regulations, offering a holistic view of the market. The concluding section of regional insights provides historical and forecasted data on the market influence of all economies within the respective regions.

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