Pune, India -- (SBWIRE) -- 03/11/2019 -- The Industrial Internet of Things (IIoT) is part of a larger concept known as the Internet of Things (IoT). The IoT is a network of intelligent computers, devices, and objects that collect and share huge amounts of data. The application of the IoT which are implemented in the manufacturing industry can be denoted as IIoT.

Market Scenario:
The IIoT is revolutionary step in manufacturing by enabling the acquisition and accessibility of far greater amounts of data, at far greater speeds, and far more efficiently than before. The major drivers of IIoT are improvement in efficiency, connectivity, time savings, scalability, and cost savings for industrial organizations. The major benefits any industries can acquire from the IIoT is through cost savings due to its predictive maintenance, improved safety, and other operational efficiencies. IIoT networks allows industrial organizations to monitor and analyse the data and connect all of their employees, labours, data, and activity from the industrial floor to the executive offices. IIoT data can be used by the business leaders to get the accurate view of how their organisation is working, which helps them to forecast and make better decisions. Organisations that have hold the IIoT have seen noteable improvements to safety, efficiency, and profitability.

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However, the ability of a computer systems or software to exchange and make use of information and security are the biggest challenges which acts as a restraints surrounding the implementation of IIoT.

Further, it is can be seen that IIoT is widely considered to be one of the primary trends that will affect the industrial businesses today and in the coming years. With the change and advancement in time and technology many industries are urging to modernize systems and equipment so as to meet the new regulations, keep up with changing market scenarios, volatility, and to deal with disruptive technologies.

Market Segmentation:
The global Industrial Internet of Things (IIoT) market can be segmented on the basis of software, component and verticals. Based on software the global Industrial Internet of Things (IIoT) market is classified into manufacturing execution system (MES), product lifecycle management (PLM) systems, distribution management system, SCADA systems and others. Based on components the global Industrial Internet of Things (IIoT) market is classified into industrial robotics, sensors, camera systems, distributed control system (DCS), condition monitoring, smart meters and others. Based on verticals the global Industrial Internet of Things (IIoT) market is classified into oil & gas, metals & mining, retail, manufacturing, utilities, healthcare, transportation & logistics and others.

Regional Analysis:
Based on the geographical regions covered, the IIoT market is analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).

Key Players:
The major players providing the IIoT manufacturing services and solutions are ARM Ltd. (U.K.), Cisco Systems, General Electric (U.S.) Intel Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ABB(Switzerland), Texas Instruments Incorporated (U.S.), Dassault Systèmes (France), Honeywell International Inc. (U.S.), Huawei Technologies Co., IBM Corporation (U.S.), Kuka AG (Germany), NEC Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), and ZIH Corp. (U.S.)

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The Global Industrial Internet of Things (IIoT) market Segmentation are:
By Software
- Manufacturing Execution System (MES)
- Product Lifecycle Management (PLM) Systems
- Distribution Management System
- SCADA Systems
- Others

By Component
- Industrial Robotics
- Sensors
- Camera Systems
- Distributed Control System (DCS)
- Condition Monitoring
- Smart Meters
- Others

By Verticals
- Oil & Gas
- Metals & Mining
- Retail
- Manufacturing
- Utilities
- Healthcare
- Transportation & Logistics
- Others

Market Players:
- ARM Ltd. (U.K.),- Cisco Systems,- General Electric,- Intel Corporation (U.S.),- Rockwell Automation, Inc. (U.S.),- ABB(Switzerland),- Texas Instruments Incorporated (U.S.),- Dassault Systèmes (France),- Honeywell International Inc. (U.S.),- Huawei Technologies Co.,- IBM Corporation (U.S.),- Kuka AG (Germany),- NEC Corporation (Japan),- Robert Bosch GmbH (Germany),- Siemens AG (Germany),- ZIH Corp. (U.S.)

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