Industrial IoT Market
Industrial IoT Market Overview
The report is titled ‘Industrial IoT Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the Industrial IoT market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Industrial IoT market is expected to grow at a significant rate in the near future.
The industrial internet of things (IIoT) market size was valued at US$ 79.2 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2020 to 2028.
Industrial IoT Market Definition
The industrial internet of things (IIoT) speaks about the annexation and employment of the internet of things (IoT) in commercial domains and applications. With the persistent focus on big data, machine to machine (M2M) communication, and machine learning, the industrial internet of things (IIoT) allows enterprises and industries to have improved reliability and efficiency in their functioning.
The industrial internet of things (IIoT) circumscribes industrial applications, comprising medical devices, robotics, and software-defined production procedures. Industrial IoT consists of advanced data analytics, machine learning algorithms, and sensor technologies to enhance the companies’ administrative potential.
Industrial IoT Market Dynamics
The massively growing demand for technological advancements and innovations, in the modern day and age, in the interest of improving functional competencies is majorly boosting the growth of the global industrial IoT market.
The rapid advancements and constant innovations are considered to transform various industries by offering numerous lucrative financial opportunities which is further accelerating the growth in the demand of industrial IoT across the global markets. Owing to which, the global industrial IoT market is projected to witness massive breakthroughs in the future years.
However, one of the leading factors that is likely to hinder the growth of the global industrial IoT market is the inadequacy of congruity between the numerous technologies working in the IoT environment.
Industrial IoT Market Segmentation
The global industrial IoT market is segmented on the basis of device & technology, software, connectivity, vertical, and region.
By Device & Technology
Sensors
RFID
Industrial Robotics
Distributed Control System
Condition Monitoring
Smart Meters
Smart Beacon
Yield Monitoring
Electronic Shelf Label
Cameras
Guidance & Steering
GPS/GNSS
Interface Board
Flow & Application Control Device
Networking Technology
By Software
PLM
MES
SCADA
Outage Management System
Distribution Management System
Visualization Software
Transit Management Systems
Retail Management Software
Remote Patient Monitoring
Farm Management System
By Connectivity
Wired technology
Ethernet
Modbus
Profinet
Foundation Fieldbus
Wireless technology
Wi-Fi
Zigbee
Bluetooth
Cellular technologies
Satellite technologies
Field technology
Profibus
Modbus-RTU
CC-Link
By Vertical
Manufacturing
Energy
Oil & Gas
Metal & Mining
Healthcare
Retail
Transportation
Agriculture
By Region
North America
Latin America
Europe
Africa
Middle East
Asia Pacific
Industrial IoT Market Key Players
The key participating players of the global industrial IoT market include ARM holding, Cisco, GE, Intel, Rockwell Automation, ABB, Texas Instruments, Dassault Systèmes, Honeywell, Huawei Technologies, IBM, KUKA AG, NEC Corporation, Bosch.IO, Siemens AG, and PTC, among others.
MMC Overview on Industrial IoT Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Industrial IoT market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Industrial IoT
Advantages of Industrial IoT
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Industrial IoT Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Industrial IoT Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Industrial IoT Market Snapshot
2.4. Global Industrial IoT Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Industrial IoT Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Industrial IoT Assessment and Analysis
3.1. Industrial IoT Impact Analysis
3.2. Actions to encourage use of Industrial IoT
3.3. Industrial IoT Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Industrial IoT Market
5. Global Industrial IoT Market, By Device & Technology
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Device & Technology
5.1.2. BPS Analysis, By Device & Technology
5.2. Market Revenue (US$Mn) and Forecast, By Device & Technology
5.2.1. Sensors
5.2.2. RFID
5.2.3. Industrial Robotics
5.2.4. Distributed Control System
5.2.5. Condition Monitoring
5.2.6. Smart Meters
5.2.7. Smart Beacon
5.2.8. Yield Monitoring
5.2.9. Electronic Shelf Label
5.2.10. Cameras
5.2.11. Guidance & Steering
5.2.12. GPS/GNSS
5.2.13. Interface Board
5.2.14. Flow & Application Control Device
5.2.15. Networking Technology
5.3. Global Industrial IoT Market Attractiveness Index, By Device & Technology
6. Global Industrial IoT Market, By Software
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Software
6.1.2. BPS Analysis, By Software
6.2. Market Revenue (US$Mn) and Forecast, By Software
6.2.1. PLM
6.2.2. MES
6.2.3. SCADA
6.2.4. Outage Management System
6.2.5. Distribution Management System
6.2.6. Visualization Software
6.2.7. Transit Management Systems
6.2.8. Retail Management Software
6.2.9. Remote Patient Monitoring
6.2.10. Farm Management System
6.3. Global Industrial IoT Market Attractiveness Index, By Software
7. Global Industrial IoT Market, By Connectivity
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Connectivity
7.1.2. BPS Analysis, By Connectivity
7.2. Market Revenue (US$Mn) and Forecast, By Connectivity
7.2.1. Wired Technology
7.2.1.1. Ethernet
7.2.1.2. Modbus
7.2.1.3. Profinet
7.2.1.4. Foundation Fieldbus
7.2.2. Wireless Technology
7.2.2.1. Wi-Fi
7.2.2.2. Zigbee
7.2.2.3. Bluetooth
7.2.2.4. Cellular technologies
7.2.2.5. Satellite technologies
7.2.3. Field Technology
7.2.3.1. Profibus
7.2.3.2. Modbus-RTU
7.2.3.3. CC-Link
7.3. Global Industrial IoT Market Attractiveness Index, By Connectivity
8. Global Industrial IoT Market, By Vertical
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Vertical
8.1.2. BPS Analysis, By Vertical
8.2. Market Revenue (US$Mn) and Forecast, By Vertical
8.2.1. Manufacturing
8.2.2. Energy
8.2.3. Oil & Gas
8.2.4. Metal & Mining
8.2.5. Healthcare
8.2.6. Retail
8.2.7. Transportation
8.2.8. Agriculture
8.3. Global Industrial IoT Market Attractiveness Index, By Vertical
9. Global Industrial IoT Market, By Region
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Region
9.1.2. BPS Analysis, By Region
9.2. Market Revenue (US$Mn) and Forecast, By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East
9.2.6. Africa
9.3. Global Industrial IoT Market Attractiveness Index, By Region
10. North America Industrial IoT Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) and Forecast, By Country
10.2.1. U.S. Industrial IoT Market
10.2.2. Canada Industrial IoT Market
10.3. North America Industrial IoT Market, By Device & Technology
10.3.1. Sensors
10.3.2. RFID
10.3.3. Industrial Robotics
10.3.4. Distributed Control System
10.3.5. Condition Monitoring
10.3.6. Smart Meters
10.3.7. Smart Beacon
10.3.8. Yield Monitoring
10.3.9. Electronic Shelf Label
10.3.10. Cameras
10.3.11. Guidance & Steering
10.3.12. GPS/GNSS
10.3.13. Interface Board
10.3.14. Flow & Application Control Device
10.3.15. Networking Technology
10.4. North America Industrial IoT Market, By Software
10.4.1. PLM
10.4.2. MES
10.4.3. SCADA
10.4.4. Outage Management System
10.4.5. Distribution Management System
10.4.6. Visualization Software
10.4.7. Transit Management Systems
10.4.8. Retail Management Software
10.4.9. Remote Patient Monitoring
10.4.10. Farm Management System
10.5. North America Industrial IoT Market, By Connectivity
10.5.1. Wired Technology
10.5.1.1. Ethernet
10.5.1.2. Modbus
10.5.1.3. Profinet
10.5.1.4. Foundation Fieldbus
10.5.2. Wireless Technology
10.5.2.1. Wi-Fi
10.5.2.2. Zigbee
10.5.2.3. Bluetooth
10.5.2.4. Cellular technologies
10.5.2.5. Satellite technologies
10.5.3. Field Technology
10.5.3.1. Profibus
10.5.3.2. Modbus-RTU
10.5.3.3. CC-Link
10.6. North America Industrial IoT Market, By Vertical
10.6.1. Manufacturing
10.6.2. Energy
10.6.3. Oil & Gas
10.6.4. Metal & Mining
10.6.5. Healthcare
10.6.6. Retail
10.6.7. Transportation
10.6.8. Agriculture
10.7. North America Industrial IoT Market Attractiveness Index
10.7.1. By Country
10.7.2. By Device & Technology
10.7.3. By Software
10.7.4. By Connectivity
10.7.5. By Vertical
11. Latin America Industrial IoT Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Brazil Industrial IoT Market
11.2.2. Mexico Industrial IoT Market
11.2.3. Rest Of Latin America Industrial IoT Market
11.3. Latin America Industrial IoT Market, By Device & Technology
11.3.1. Sensors
11.3.2. RFID
11.3.3. Industrial Robotics
11.3.4. Distributed Control System
11.3.5. Condition Monitoring
11.3.6. Smart Meters
11.3.7. Smart Beacon
11.3.8. Yield Monitoring
11.3.9. Electronic Shelf Label
11.3.10. Cameras
11.3.11. Guidance & Steering
11.3.12. GPS/GNSS
11.3.13. Interface Board
11.3.14. Flow & Application Control Device
11.3.15. Networking Technology
11.4. Latin America Industrial IoT Market, By Software
11.4.1. PLM
11.4.2. MES
11.4.3. SCADA
11.4.4. Outage Management System
11.4.5. Distribution Management System
11.4.6. Visualization Software
11.4.7. Transit Management Systems
11.4.8. Retail Management Software
11.4.9. Remote Patient Monitoring
11.4.10. Farm Management System
11.5. Latin America Industrial IoT Market, By Connectivity
11.5.1. Wired Technology
11.5.1.1. Ethernet
11.5.1.2. Modbus
11.5.1.3. Profinet
11.5.1.4. Foundation Fieldbus
11.5.2. Wireless Technology
11.5.2.1. Wi-Fi
11.5.2.2. Zigbee
11.5.2.3. Bluetooth
11.5.2.4. Cellular technologies
11.5.2.5. Satellite technologies
11.5.3. Field Technology
11.5.3.1. Profibus
11.5.3.2. Modbus-RTU
11.5.3.3. CC-Link
11.6. Latin America Industrial IoT Market, By Vertical
11.6.1. Manufacturing
11.6.2. Energy
11.6.3. Oil & Gas
11.6.4. Metal & Mining
11.6.5. Healthcare
11.6.6. Retail
11.6.7. Transportation
11.6.8. Agriculture
11.7. Latin America Industrial IoT Market Attractiveness Index
11.7.1. By Country
11.7.2. By Device & Technology
11.7.3. By Software
11.7.4. By Connectivity
11.7.5. By Vertical
12. Europe Industrial IoT Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. U.K. Industrial IoT Market
12.2.2. Germany Industrial IoT Market
12.2.3. Italy Industrial IoT Market
12.2.4. France Industrial IoT Market
12.2.5. Spain Industrial IoT Market
12.2.6. Russia Industrial IoT Market
12.2.7. Rest Of Europe Industrial IoT Market
12.3. Europe Industrial IoT Market, By Device & Technology
12.3.1. Sensors
12.3.2. RFID
12.3.3. Industrial Robotics
12.3.4. Distributed Control System
12.3.5. Condition Monitoring
12.3.6. Smart Meters
12.3.7. Smart Beacon
12.3.8. Yield Monitoring
12.3.9. Electronic Shelf Label
12.3.10. Cameras
12.3.11. Guidance & Steering
12.3.12. GPS/GNSS
12.3.13. Interface Board
12.3.14. Flow & Application Control Device
12.3.15. Networking Technology
12.4. Europe Industrial IoT Market, By Software
12.4.1. PLM
12.4.2. MES
12.4.3. SCADA
12.4.4. Outage Management System
12.4.5. Distribution Management System
12.4.6. Visualization Software
12.4.7. Transit Management Systems
12.4.8. Retail Management Software
12.4.9. Remote Patient Monitoring
12.4.10. Farm Management System
12.5. Europe Industrial IoT Market, By Connectivity
12.5.1. Wired Technology
12.5.1.1. Ethernet
12.5.1.2. Modbus
12.5.1.3. Profinet
12.5.1.4. Foundation Fieldbus
12.5.2. Wireless Technology
12.5.2.1. Wi-Fi
12.5.2.2. Zigbee
12.5.2.3. Bluetooth
12.5.2.4. Cellular technologies
12.5.2.5. Satellite technologies
12.5.3. Field Technology
12.5.3.1. Profibus
12.5.3.2. Modbus-RTU
12.5.3.3. CC-Link
12.6. Europe Industrial IoT Market, By Vertical
12.6.1. Manufacturing
12.6.2. Energy
12.6.3. Oil & Gas
12.6.4. Metal & Mining
12.6.5. Healthcare
12.6.6. Retail
12.6.7. Transportation
12.6.8. Agriculture
12.7. Europe Industrial IoT Market Attractiveness Index
12.7.1. By Country
12.7.2. By Device & Technology
12.7.3. By Software
12.7.4. By Connectivity
12.7.5. By Vertical
13. Asia Pacific Industrial IoT Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. China Industrial IoT Market
13.2.2. India Industrial IoT Market
13.2.3. Japan Industrial IoT Market
13.2.4. Australia and New Zealand Industrial IoT Market
13.2.5. South Korea Industrial IoT Market
13.2.6. Rest of Asia Pacific Industrial IoT Market
13.3. Asia Pacific Industrial IoT Market, By Device & Technology
13.3.1. Sensors
13.3.2. RFID
13.3.3. Industrial Robotics
13.3.4. Distributed Control System
13.3.5. Condition Monitoring
13.3.6. Smart Meters
13.3.7. Smart Beacon
13.3.8. Yield Monitoring
13.3.9. Electronic Shelf Label
13.3.10. Cameras
13.3.11. Guidance & Steering
13.3.12. GPS/GNSS
13.3.13. Interface Board
13.3.14. Flow & Application Control Device
13.3.15. Networking Technology
13.4. Asia Pacific Industrial IoT Market, By Software
13.4.1. PLM
13.4.2. MES
13.4.3. SCADA
13.4.4. Outage Management System
13.4.5. Distribution Management System
13.4.6. Visualization Software
13.4.7. Transit Management Systems
13.4.8. Retail Management Software
13.4.9. Remote Patient Monitoring
13.4.10. Farm Management System
13.5. Asia Pacific Industrial IoT Market, By Connectivity
13.5.1. Wired Technology
13.5.1.1. Ethernet
13.5.1.2. Modbus
13.5.1.3. Profinet
13.5.1.4. Foundation Fieldbus
13.5.2. Wireless Technology
13.5.2.1. Wi-Fi
13.5.2.2. Zigbee
13.5.2.3. Bluetooth
13.5.2.4. Cellular technologies
13.5.2.5. Satellite technologies
13.5.3. Field Technology
13.5.3.1. Profibus
13.5.3.2. Modbus-RTU
13.5.3.3. CC-Link
13.6. Asia Pacific Industrial IoT Market, By Vertical
13.6.1. Manufacturing
13.6.2. Energy
13.6.3. Oil & Gas
13.6.4. Metal & Mining
13.6.5. Healthcare
13.6.6. Retail
13.6.7. Transportation
13.6.8. Agriculture
13.7. Asia Pacific Industrial IoT Market Attractiveness Index
13.7.1. By Country
13.7.2. By Device & Technology
13.7.3. By Software
13.7.4. By Connectivity
13.7.5. By Vertical
14. Middle East Industrial IoT Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. GCC Countries Industrial IoT Market
14.2.2. Israel Industrial IoT Market
14.2.3. Rest Of Middle East Industrial IoT Market
14.3. Middle East Industrial IoT Market, By Device & Technology
14.3.1. Sensors
14.3.2. RFID
14.3.3. Industrial Robotics
14.3.4. Distributed Control System
14.3.5. Condition Monitoring
14.3.6. Smart Meters
14.3.7. Smart Beacon
14.3.8. Yield Monitoring
14.3.9. Electronic Shelf Label
14.3.10. Cameras
14.3.11. Guidance & Steering
14.3.12. GPS/GNSS
14.3.13. Interface Board
14.3.14. Flow & Application Control Device
14.3.15. Networking Technology
14.4. Middle East Industrial IoT Market, By Software
14.4.1. PLM
14.4.2. MES
14.4.3. SCADA
14.4.4. Outage Management System
14.4.5. Distribution Management System
14.4.6. Visualization Software
14.4.7. Transit Management Systems
14.4.8. Retail Management Software
14.4.9. Remote Patient Monitoring
14.4.10. Farm Management System
14.5. Middle East Industrial IoT Market, By Connectivity
14.5.1. Wired Technology
14.5.1.1. Ethernet
14.5.1.2. Modbus
14.5.1.3. Profinet
14.5.1.4. Foundation Fieldbus
14.5.2. Wireless Technology
14.5.2.1. Wi-Fi
14.5.2.2. Zigbee
14.5.2.3. Bluetooth
14.5.2.4. Cellular technologies
14.5.2.5. Satellite technologies
14.5.3. Field Technology
14.5.3.1. Profibus
14.5.3.2. Modbus-RTU
14.5.3.3. CC-Link
14.6. Middle East Industrial IoT Market, By Vertical
14.6.1. Manufacturing
14.6.2. Energy
14.6.3. Oil & Gas
14.6.4. Metal & Mining
14.6.5. Healthcare
14.6.6. Retail
14.6.7. Transportation
14.6.8. Agriculture
14.7. Middle East Industrial IoT Market Attractiveness Index
14.7.1. By Country
14.7.2. By Device & Technology
14.7.3. By Software
14.7.4. By Connectivity
14.7.5. By Vertical
15. Africa Industrial IoT Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. South Africa Countries Industrial IoT Market
15.2.2. Egypt Industrial IoT Market
15.2.3. North Africa Industrial IoT Market
15.2.4. Rest of Africa Industrial IoT Market
15.3. Africa Industrial IoT Market, By Device & Technology
15.3.1. Sensors
15.3.2. RFID
15.3.3. Industrial Robotics
15.3.4. Distributed Control System
15.3.5. Condition Monitoring
15.3.6. Smart Meters
15.3.7. Smart Beacon
15.3.8. Yield Monitoring
15.3.9. Electronic Shelf Label
15.3.10. Cameras
15.3.11. Guidance & Steering
15.3.12. GPS/GNSS
15.3.13. Interface Board
15.3.14. Flow & Application Control Device
15.3.15. Networking Technology
15.4. Africa Industrial IoT Market, By Software
15.4.1. PLM
15.4.2. MES
15.4.3. SCADA
15.4.4. Outage Management System
15.4.5. Distribution Management System
15.4.6. Visualization Software
15.4.7. Transit Management Systems
15.4.8. Retail Management Software
15.4.9. Remote Patient Monitoring
15.4.10. Farm Management System
15.5. Africa Industrial IoT Market, By Connectivity
15.5.1. Wired Technology
15.5.1.1. Ethernet
15.5.1.2. Modbus
15.5.1.3. Profinet
15.5.1.4. Foundation Fieldbus
15.5.2. Wireless Technology
15.5.2.1. Wi-Fi
15.5.2.2. Zigbee
15.5.2.3. Bluetooth
15.5.2.4. Cellular technologies
15.5.2.5. Satellite technologies
15.5.3. Field Technology
15.5.3.1. Profibus
15.5.3.2. Modbus-RTU
15.5.3.3. CC-Link
15.6. Africa Industrial IoT Market, By Vertical
15.6.1. Manufacturing
15.6.2. Energy
15.6.3. Oil & Gas
15.6.4. Metal & Mining
15.6.5. Healthcare
15.6.6. Retail
15.6.7. Transportation
15.6.8. Agriculture
15.7. Africa Industrial IoT Market Attractiveness Index
15.7.1. By Country
15.7.2. By Device & Technology
15.7.3. By Software
15.7.4. By Connectivity
15.7.5. By Vertical
16. Competitive Landscape
16.1. Company Profiles
16.1.1. ARM holding
16.1.1.1. Company Overview
16.1.1.2. Financial Overview
16.1.1.3. Key Developments
16.1.1.4. Strategies
16.1.1.5. Product Analysis
16.1.2. Cisco
16.1.3. GE
16.1.4. Intel
16.1.5. Rockwell Automation
16.1.6. ABB
16.1.7. Texas Instruments
16.1.8. Dassault Systèmes
16.1.9. Honeywell
16.1.10. Huawei Technologies
16.1.11. IBM
16.1.12. KUKA AG
16.1.13. NEC Corporation
16.1.14. Bosch.IO
16.1.15. Siemens AG
16.1.16. PTC
17. Acronyms