The global Industrial IoT market is expected to reach 738.89 billion USD by 2025, increasing from 264.22 billion USD in 2019.
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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.
Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2019–2025 |
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Base year |
2019 |
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Forecast period |
2020 - 2025 |
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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 |
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Segments covered |
Device & Technology, End-Use, Software, Geography |
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Regions covered |
North America, APAC, Europe, and Latin America, Middle East & Africa |
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Companies covered |
IBM), Intel Corporation, Cisco Systems, Inc, UBER, Microsoft Corporation, ABB and Others |
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Fastest Growing Market |
Asia Pacific |
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Largest Market |
North America |
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.
Drivers and Restraints:
Drivers:
Restraints:
Market Segmentation
By Device & Technology:
Based on the Device & Technology, the Global Industrial IoT market is segmented into Monitoring, Smart Meter, Sensor, RFID, Industrial Robotics, DCS, Condition, 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.
By End-Use:
Based on the End-Use, the Global Industrial IoT market is segmented into 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 Region Wise Analysis:
Based on region, Industrial IoT market can be segmented into:
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.
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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 General Electric Company (GE), Siemens AG, Rockwell Automation, Inc., Atmel Corporation, and ARM Holding plc. Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition
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
