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Industrial IoT Market Research Report - Segmented By Device & Technology (Monitoring, Smart Meter, Sensor, RFID, Industrial Robotics, DCS, Camera System, Networking Technology), End-Use (Logistics & Transport, Energy & Power, Manufacturing, Oil & Gas, Healthcare, Agriculture), Software (PLM, SCADA, MES), and Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast to 2027

Published: January, 2022
ID: 8988
Pages: 170

Industrial IoT Market Size & Growth (2021 – 2026)

The global Industrial IoT market is expected to reach 894.55 billion USD by 2026, increasing from 300.14 billion USD in 2020.

Industrial Internet of Things (IIoT) corresponds to integrated cameras, interconnected sensors equipment as well as other instruments connected along with computer-based industrial uses, like manufacturing and power management. This integration facilitates data collection, sharing and evaluation, eventually enabling operational efficiency enhancements and other economic benefits. The IIoT is an extension of the Distributed Control System (DCS) which requires a higher level of automation by using cloud computing to automate and optimize system controls.

Industrial IoT Market Size (2020 - 2025)

Drivers and Restraints

Drivers: 

  • The Global Industrial IoT market's applications in the transportation sectors are increasing, and with rising funding across rail, road, and urban transport projects, the transportation industry is expected to see steady growth.
  • The Global Industrial IoT market is also driven by the constant technological innovations in IoT technology with the involvement of many top many companies and startups across the industry.

Restraints:

  • The market is highly crowded with constant technological innovations, so in order to keep up with the competition, one has to invest heavily in R&D, which can act as minor restraint to the Industrial IoT market.

Scope of the Report

Report Metric

Details

Market size available for years

2020 - 2026

Base year

2020

Forecast period

2021 - 2026

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Segments covered

Device & Technology, End-Use, Software, Geography

Regions covered

North America, APAC, Europe, and Latin America, Middle East & Africa

Companies covered

IBM, Intel Corporation, Cisco Systems, Inc, UBER, Microsoft Corporation, ABB and Others

Fastest Growing Market

Asia Pacific

Largest Market

North America

 

Market Segmentation

Industrial IoT Market - By Device & Technology

  • Monitoring
  • Smart Meter
  • Sensor
  • RFID
  • Industrial Robotics
  • DCS
  • Camera System
  • Networking Technology

Out of these, the Smart Meter segment holds the majority of the market share in 2019, with over 22%. This share can be attributed to the faster entry and check out at the retail stores, which help improve the customer experience at the stores. Also, Industrial Robotics is expected to be the fastest-growing segment with a CAGR of over 26.8%, supported by the increased automation in the industries and the latest developments in the field.

Industrial IoT Market - By End-Use 

  • Logistics & Transport
  • Energy & Power
  • Manufacturing
  • Oil & Gas
  • Healthcare
  • Agriculture

Of these, Logistics & Transport segment holds the majority of the market share in 2019, with over 30%, as the industrial IoT in transportation and logistics will help in connectivity and monitoring. Also, manufacturing is expected to be the fastest-growing segment in the future at a CAGR of over 24.3%, as many of the manufacturers are interested in wireless connectivity, and they want to have a seamless data transfer over multiple verticals.

Industrial IoT Market - By Region

Based on region, Industrial IoT market can be segmented into:

  1. North America
    • U.S
    • Canada
  2. Europe
    • Norway
    • Germany
    • Sweden
  3. Asia Pacific
    • China
    • India
    • Japan
  4. Latin America and Middle East & Africa
    • Brazil
    • Saudi Arabia

North America Industrial IoT Market held the biggest share in the global industrial IoT market in 2018 as the region being home for many key players and is booming with all the Silicon Valley innovations, which led them to early adoption of IIoT. Canada has seen significant growth, especially as a consequence of vigorous government investment that supports the implementation of IIoT solutions.

Industrial IoT Market Size By Region (2020 - 2025)

Key Players of the Industrial IoT Market

The key players include International Business Machines Corporation (IBM), Intel Corporation, Cisco Systems, Inc, UBER, Microsoft Corporation, ABB.

Some other key Players of the Market include:

  1. General Electric Company (GE)
  2. Siemens AG
  3. Rockwell Automation Inc.
  4. Atmel Corporation
  5. ARM Holding plc

Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition

Recent Developments

SAP SE & Uber Cargo signed a deal help restructure the cargo industry by using smart system automation and easier access to a network of structured and efficient drivers in April of 2019. Through incorporating Uber Cargo into the SAP Logistics Network, users will be able to obtain shipping pricing through Uber's electronically integrated carrier network and provide real-time offers and assured freight capacity, making load planning and implementation much more straightforward.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 By Device and Technology                   

                              5.1.1 Introduction           

                              5.1.2 Monitoring             

                              5.1.3 Smart Meter          

                              5.1.4 Sensor      

                              5.1.5 RFID          

                              5.1.6 Industial Robotics 

                              5.1.7 DCS           

                              5.1.8 Camera System     

                              5.1.9 Y-o-Y Growth Analysis        

                              5.1.10 Market Attractiveness Analysis    

                              5.1.12 Market Share Analysis      

               5.2 By End-Use                

                              5.2.1 Introduction           

                              5.2.2 Energy and Power

                              5.2.3 Logistics and transport       

                              5.2.4 Manufacturing       

                              5.2.5 Oil & Gas  

                              5.2.6 Healthcare              

                              5.2.7 Agriculture              

                              5.2.8 Y-o-Y Growth Analysis        

                              5.2.9 Market Attractiveness Analysis       

                              5.2.10 Market Share Analysis      

               5.3 By Software               

                              5.3.1 Introduction           

                              5.3.2 PLM           

                              5.3.3 SCADA      

                              5.3.4 MES           

                              5.3.5 Y-o-Y Growth Analysis        

                              5.3.6 Market Attractiveness Analysis       

                              5.3.7 Market Share Analysis        

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Device & Technology

                                             6.1.3.3 By End-Use

                                             6.1.3.4 By Software

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Device & Technology

                                             6.1.4.3 By End-Use

                                             6.1.4.4 By Software

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Device & Technology

                                             6.1.5.3 By End-Use

                                             6.1.5.4 By Software

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                          

               8.1 IBM               

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Intel Corporation                    

               8.3 Cisco Systems                           

               8.4 UBER                           

               8.5 Microsoft Corporation                          

               8.6 ABB               

               8.7 General Electric Company (GE)                          

               8.8 Siemens AG               

               8.9 Rockwell Automation                            

               8.10 Atmel Corporation               

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities

Appendix                                          

               a) List of Tables                

               b) List of Figures

  1. Global Industrial IoT Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Industrial IoT Market By Devices and Technology, From 2022 - 2027 ( USD Billion )
  3. Global Monitoring Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Smart Meter Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Sensor Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global RFID Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Industrial Robotics Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global DCS Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Camera System Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Networking Technology Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Industrial IoT Market By End-Use, From 2022 - 2027 ( USD Billion )
  12. Global Logistics and Transport Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Energy & Power Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global Manufacturing Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Oil & Gas Market By Region, From 2022 - 2027 ( USD Billion )
  16. Global Health Care Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Agriculture Market By Region, From 2022 - 2027 ( USD Billion )
  18. Global Industrial IoT Market By Software, From 2022 - 2027 ( USD Billion )
  19. Global SCADA Market By Region, From 2022 - 2027 ( USD Billion )
  20. Global MES Market By Region, From 2022 - 2027 ( USD Billion )
  21. Global PLM Market By Region, From 2019-2024 ( USD Billion )

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