Industrial IoT Market by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography - Global Forecast to 2022
Northbrook, IL -- (SBWIRE) -- 01/02/2018 -- The IIoT market for camera systems is expected to grow at the highest rate between 2016 and 2022. Camera systems are mainly used in the retail and transportation verticals. The need of security and surveillance in these sectors is the key reason for the high growth rate of the market for camera systems. In the retail sector, the camera systems are used for capturing customer behavior, moment tracking, people counting, and heat mapping.
The benefits of installation of surveillance systems include the safety at the workplace, and the prevention of theft and other losses, sweet hearting, and other retail crimes. Video analytics plays a vital role for security purpose in various areas in transportation sector including airports, railway stations, and large public places. Also, intelligent camera systems are used for traffic monitoring, and incident detection and reporting.
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The major players operating in this market includes ARM Ltd. (U.K.), Cisco Systems, Inc. (U.S.), 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., Ltd. (China), IBM Corporation (U.S.), Kuka AG (Germany), NEC Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), and ZIH Corp. (U.S.).
The report covers the IIoT market segmented on the basis of device and technology, software, vertical, and geography. The IIoT market for transportation vertical is expected to grow at the highest rate between 2016 and 2022. The IoT has emerged as the next-generation technology which offers traffic less transportation by allowing real-time data analysis. This sector is undergoing transformation through the use of various IoT solutions including incident detection and reporting, smart signaling, and traffic monitoring. The rapid growth in population, increasing urbanization, and emerging economies in the APAC would lead the growth of smart mobility and transport across this region.
The market for camera systems is expected to grow at the highest rate during the forecast period. Camera systems are mainly used in the retail and transportation verticals. In retail vertical, the camera systems are used for security purpose. The camera systems are used for capturing customer behavior, moment tracking, people counting, and heat mapping in this sector. Video analytics plays a vital role for security purpose in various areas in transportation sector including airports, railway stations, and large public places. Also, intelligent camera systems are used for traffic monitoring, and incident detection and reporting.
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The lack of standardization is the key restraining factor for the growth of the IIoT market. This report describes the drivers, restraints, opportunities, and challenges pertaining to the IIoT market. In addition, it analyzes the current scenario and forecasts the market till 2022, including the market segmentation based on device and technology, software, vertical, and geography.
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