Industrial IoT Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, Competition and Forecasts 2021 to 2028

2021年 10月 01日(金曜日) 15:22

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.

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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.

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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.

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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



Industrial Robotics

Distributed Control System

Condition Monitoring

Smart Meters

Smart Beacon

Yield Monitoring

Electronic Shelf Label


Guidance & Steering


Interface Board

Flow & Application Control Device

Networking Technology


By Software




Outage Management System

Distribution Management System

Visualization Software

Transit Management Systems

Retail Management Software

Remote Patient Monitoring

Farm Management System


By Connectivity

Wired technology




Foundation Fieldbus

Wireless technology




Cellular technologies

Satellite technologies

Field technology





By Vertical



Oil & Gas

Metal & Mining






By Region

North America

Latin America



Middle East

Asia Pacific

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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.

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カテゴリー: プレスリリース配信 タグ: IoT
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