Lucintel Blog: Manufacturing is expected to remain the largest segment in the global industrial IoT market

Friday, September 16, 2022

Manufacturing is expected to remain the largest segment in the global industrial IoT market

An exciting new study from the team of Lucintel found that industrial IoT market is expected to reach $403.3 billion by 2027 with a CAGR of 20%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/industrial-iot-market.aspx.

The industrial IoT market is segmented based on end use industry, connectivity, component, device and technology, and region. In this market, manufacturing is expected to remain the largest end use industry, and wireless segment is expected to remain the largest connectivity. Players can benefit from the available opportunities like growing urbanization, increasing internet penetration, and growing adoption of IoT in various industries in the region.

Growing adoption of artificial intelligence in IoT applications, edge computing, and blockchain technology in IoT are emerging trends having impact on dynamics of the industry.

PTC, SAP, Cisco, General Electric, Siemens, IBM, Intel Corporation, Huawei, and Microsoft are some of the major players profiled in this 205 page report.

Request Sample Pages by clicking on https://www.lucintel.com/industrial-iot-market.aspx.

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?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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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