Industrial IoT Platform Market, By Component (Hardware, Software), By Application (Asset Management, Remote Monitoring, Network System Management), By Verticals (Manufacturing, Power and Utilities, Aviation, Oil and Gas) - Forecast 2016-2022
Pune, India -- (SBWIRE) -- 11/24/2017 -- Exclusive Summery About Report:
Commenting on the report, an analyst from Market Research Future (MRFR)'s team said:
Currently, the world is witnessing explosion of technologies in various industries. The automation in industrial process is leading to very high output which were impossible for the human hands. Big data and data analytics are becoming core part of any organization and most of the organization is equipping their current infrastructure with the advance technology such as cameras, sensors, robots and many more. In manufacturing industry, the production process is very crucial and the whole company is dependent on the output and with arrival of IOT in manufacturing the companies are experiencing heavy growth in their production capacity which is leading to high revenue
Industrial IoT platform is a part of global IOT market with specific focus on few technology and particular industry. IOT helps to connect the devices located within the area of organization and transmit their status report nonstop to the host server. In the manufacturing industry, devices looking after any process or machineries are playing very vital role in high efficiency. Heavy investment in R&D and automation is leading to high market growth of industrial IoT platform. Factors such as government initiative towards automation, need of efficient manufacturing process and explosion of technologies are driving the market whereas the factors high price and need of technical knowledge are expected to hamper the market growth during the forecast period.
Industrial IoT market has seen tremendous opportunities in future, high demand and low supply, growing IT and Semiconductor industry, high demand for consumer electronics devices will lead to the high adoption of industrial IoT to meet demand. Whereas factors such as price and need of technical knowledge will likely to hamper the market growth during forecast period.
The Global Industrial IoT Platform Market is expected to grow at USD ~650 million by the end of 2022 with ~23% of CAGR.
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Major Key Players:
- Microsoft Inc. (U.S.),
- NEC Corporation (Japan),
- PTC (U.S.),
- International Business Machines Corporation (U.S.),
- General Electric Corporation (U.S.),
- Fujitsu (Japan),
- Siemens AG (Germany),
- SAP SE (Germany),
- Hitachi Insight Group (U.S.),
- Huawei Technologies Co. Ltd. (China)
Asia-Pacific is expected to dominate the global market of Industrial IoT Platform. High population and high consumption of electronic devices in Asian countries is supporting the market share. China is one of the biggest manufacturing driven economy. Rich consumer electronic industry and high supply is leading to high adoption of industrial IoT platform whereas rich automotive industry in South Korea and Japan is also supporting the market growth. North America stands as second biggest market of industrial IoT platform due to the heavy investment in technology startups from past several years. North America is one of the developed nation who holds advance technologies which is not available to many other countries. Rich defence sector and manufacturing industry is leading to the high growth of North America Industrial IoT Platform Market.
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- Software Development companies
- Application development companies
- Companies dealing with IOT
- Sensor Manufacturers
- Electronic Manufacturing Companies and Suppliers
- Research Institutions
The Industrial IoT Platform market has been segmented on the basis of-
By Component- Hardware (Sensors, Cameras, Processing Units among others) and Software.
By Application- Asset Management, Remote Monitoring, Network System Management among others.
By Verticals- Manufacturing, Power and Utilities, Aviation, Oil and Gas among others.
By Region- North America, Europe, Asia-Pacific and Rest of the World.
Table of Content
1. Executive Summary
2. Research Methodology
2.1 Scope of the study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3. Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter's Five Forces Analysis
4. Global Industrial IoT Platform Market, by Component
LIST OF TABLES
Table 1 Global Industrial IOT Platform Market, By Component
Table 2 Global Industrial IOT Platform Market, By Application
Table 3 Global Industrial IOT Platform Market, By Verticals
We are thankful for the support and assistance Industrial IoT Platform Market Research Report - Forecast 2022 related technical experts and marketing experts during Research Team survey and interviews.
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