The global industrial IoT market is projected to reach $344.7 billion by 2026, at a CAGR of 21% during 2020-2026. The growth of industrial IoT market is driven by increasing demand for automation in manufacturing industry, increasing adoption for IoT and AI, rising awareness for safety and security, and standardization of IPv6.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the industrial IoT market by end
use industry (manufacturing, transportation, energy, retail, healthcare, and
others), connectivity (wired and wireless), component (solution and service),
device and technology (sensors, RFID, industrial robotics, distributed control
system, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the business
risks and threats to the industrial IoT market?
Q.4 What are some
changing demands of customers in the industrial IoT market?
Q.5 What are the new
developments in the industrial IoT market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this industrial IoT area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this industrial IoT market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include growing adoption
of artificial intelligence in IoT applications, edge computing, and blockchain
technology in IoT.
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Market Segmentation:
Based on connectivity,
the industrial IoT market is segmented into wired and wireless. The wireless segment
is accounted for the largest share of the market in 2020 due to increasing
usage of Wi-Fi, Bluetooth, and cellular and satellite technologies.
Asia Pacific is expected
to be the largest region over the forecast period supported by growing
urbanization, increasing internet penetration, and growing adoption of IoT in
various industries in the region.
Key Players in the industrial
IoT market are PTC, SAP, Cisco, General Electric, and Siemens.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/industrial-iot-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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