Global industrial IoT market is projected to register a CAGR of 10.1% in the forecast period of 2022 to 2029. The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.
Market Segmentation:
Global Industrial IoT Market, By Technology (Sensors, Industrial Robotics, Cameras, Distributed Control System, GPS/GNSS, Networking Technology, RFID, Interface Board, Condition Monitoring, Yield Monitoring, Smart Meters, Smart Beacon, Flow and Application Control Device, Guidance and Steering, and Electronic Shelf Label), Application (SCADA, M.E.S., P.L.M., Distribution Management System, Transit Management System, Outage Management System, Visualization Software, Remote Patient Monitoring, Retail Management Software, Farm Management System, and Others), Connectivity (Wired, Wireless, and Hybrid), End Use (Manufacturing, Transportation and Logistics, Energy, Oil and Gas, Metal and Mining, Healthcare, Retail, Agriculture, and Others), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Sweden, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America) Industry Trends and Forecast to 2029.
Some of the major factors contributing to the growth of the global industrial IoT market are:
Increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) in end user industry
Surge in implementation of sensors and distributed control system in business operations
Market Players
The key market players for global industrial IoT market are:
Cisco Systems, Inc.
Siemens
General Electric
IBM Corporation
Intel Corporation
P.T.C.
Honeywell International Inc.
N.E.C. Corporation
Rockwell Automation
ABB
SAP SE
Texas Instruments Incorporated
Robert Bosch GmbH
Emerson Electric Co.
Microsoft
KUKA AG
Sigfox Partner Network (a subsidiary of UnaBiz)
Wipro
Arm Limited (a subsidiary of Softbank Group Corp.)
Huawei Technologies Co., Ltd.
TABLE OF CONTENTS
1 INTRODUCTION 20
- 1.1 OBJECTIVES OF THE STUDY 20
- 1.2 MARKET DEFINITION 20
- 1.3 OVERVIEW OF GLOBAL INDUSTRIAL IOT MARKET 20
- 1.4 CURRENCY AND PRICING 21
- 1.5 LIMITATIONS 21
- 1.6 MARKETS COVERED 22
2 MARKET SEGMENTATION 26
- 2.1 MARKETS COVERED 26
- 2.2 GEOGRAPHICAL SCOPE 27
- 2.3 YEARS CONSIDERED FOR THE STUDY 28
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 29
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 32
- 2.6 DBMR MARKET POSITION GRID 33
- 2.7 VENDOR SHARE ANALYSIS 34
- 2.8 MULTIVARIATE MODELING 35
- 2.9 TECHNOLOGY TIMELINE CURVE 35
- 2.10 MARKET END USE COVERAGE GRID 36
- 2.11 SECONDARY SOURCES 37
- 2.12 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 40
- 4.1 USE CASE ANALYSIS 43
- 4.1.1 OVERVIEW 43
- 4.1.2 PREDICTIVE MAINTENANCE 43
- 4.1.3 LOCATION TRACKING 43
- 4.1.4 WORKPLACE ANALYTICS 44
- 4.1.5 REMOTE QUALITY MONITORING 44
- 4.1.6 ENERGY OPTIMIZATION 44
5 MARKET OVERVIEW 45
- 5.1 DRIVERS 47
- 5.1.1 INCREASE IN ADOPTION OF ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) IN END USER INDUSTRY 47
- 5.1.2 SURGE IN IMPLEMENTATION OF SENSORS AND DISTRIBUTED CONTROL SYSTEMS IN BUSINESS OPERATIONS 48
- 5.1.3 INCREASE IN THE NEED FOR REAL-TIME DATA SOLUTIONS AND SERVICES 49
- 5.1.4 INCREASE IN THE PENETRATION OF INDUSTRY 4.0 IN AUTOMOTIVE AND MANUFACTURING INDUSTRIES 50
- 5.2 RESTRAINTS 51
- 5.2.1 LACK OF SKILLED LABOR AND TRAINING SESSIONS 51
- 5.2.2 HIGHER PROBABILITY OF DEVICE THEFT AND DATA BREACHES 52
- 5.2.3 RISE IN THE TECHNICAL COMPLEXITIES DUE TO DAY-BY-DAY TECHNOLOGICAL ADVANCEMENT 52
- 5.3 OPPORTUNITIES 53
- 5.3.1 RISE IN INTERNET PENETRATION ACROSS THE GLOBE 53
- 5.3.2 RISE IN THE DIGITALIZATION TREND 54
- 5.3.3 PROGRESSION IN SMART TECHNOLOGIES 55
- 5.3.4 HIGH ADOPTION OF CLOUD-BASED DEPLOYMENT MODEL 56
- 5.4 CHALLENGES 56
- 5.4.1 HIGH INSTALLATION COST 56
- 5.4.2 DIFFICULTIES IN INTEGRATION OF IOT DEVICES 57
6 GLOBAL INDUSTRIAL IOT MARKET, BY TECHNOLOGY 58
- 6.1 OVERVIEW 59
- 6.2 SENSORS 60
- 6.3 INDUSTRIAL ROBOTICS 61
- 6.4 CAMERAS 61
- 6.5 DISTRIBUTED CONTROL SYSTEM 62
- 6.6 GPS/GNSS 62
- 6.7 NETWORKING TECHNOLOGY 63
- 6.8 RFID 64
- 6.9 INTERFACE BOARD 64
- 6.10 CONDITION MONITORING 65
- 6.11 YIELD MONITORING 66
- 6.12 SMART METERS 66
- 6.13 SMART BEACON 67
- 6.14 FLOW & APPLICATION CONTROL DEVICE 67
- 6.15 GUIDANCE & STEERING 68
- 6.16 ELECTRONIC SHELF LABEL 69
7 GLOBAL INDUSTRIAL IOT MARKET, BY APPLICATION 70
- 7.1 OVERVIEW 71
- 7.2 SCADA 72
- 7.3 MES 73
- 7.4 PLM 74
- 7.5 DISTRIBUTED CONTROL SYSTEM 74
- 7.6 TRANSIT MANAGEMENT SYSTEM 75
- 7.7 OUTAGE MANAGEMENT SYSTEM 76
- 7.8 VISUALIZATION SOFTWARE 76
- 7.9 REMOTE PATIENT MONITORING 77
- 7.10 RETAIL MANAGEMENT SOFTWARE 78
- 7.11 FARM MANAGEMENT SYSTEM 79
- 7.12 OTHERS 79
8 GLOBAL INDUSTRIAL IOT MARKET, BY CONNECTIVITY 81
- 8.1 OVERVIEW 82
- 8.2 WIRED 83
- 8.3 WIRELESS 84
- 8.4 HYBRID 84
9 GLOBAL INDUSTRIAL IOT MARKET, BY END USE 86
- 9.1 OVERVIEW 87
- 9.2 MANUFACTURING 88
- 9.3 TRANSPORTATION & LOGISTICS 89
- 9.4 ENERGY 89
- 9.5 OIL & GAS 90
- 9.6 METAL & MINING 91
- 9.7 HEALTHCARE 91
- 9.8 RETAIL 92
- 9.9 AGRICULTURE 92
- 9.10 OTHERS 93
10 GLOBAL INDUSTRIAL IOT MARKET, BY REGION 94
- 10.1 OVERVIEW 95
- 10.2 ASIA-PACIFIC 103
- 10.2.1 CHINA 109
- 10.2.2 JAPAN 111
- 10.2.3 SOUTH KOREA 113
- 10.2.4 INDIA 115
- 10.2.5 AUSTRALIA 117
- 10.2.6 INDONESIA 119
- 10.2.7 THAILAND 121
- 10.2.8 SINGAPORE 123
- 10.2.9 MALAYSIA 125
- 10.2.10 PHILIPPINES 127
- 10.2.11 REST OF ASIA-PACIFIC 129
- 10.3 NORTH AMERICA 130
- 10.3.1 U.S. 136
- 10.3.2 CANADA 138
- 10.3.3 MEXICO 140
- 10.4 EUROPE 142
- 10.4.1 GERMANY 148
- 10.4.2 U.K. 150
- 10.4.3 FRANCE 152
- 10.4.4 ITALY 154
- 10.4.5 SPAIN 156
- 10.4.6 SWITZERLAND 158
- 10.4.7 NETHERLANDS 160
- 10.4.8 TURKEY 162
- 10.4.9 RUSSIA 164
- 10.4.10 BELGIUM 166
- 10.4.11 REST OF EUROPE 168
- 10.5 MIDDLE EAST AND AFRICA 169
- 10.5.1 SAUDI ARABIA 175
- 10.5.2 SOUTH AFRICA 177
- 10.5.3 EGYPT 179
- 10.5.4 ISRAEL 181
- 10.5.5 REST OF MIDDLE EAST AND AFRICA 183
- 10.6 SOUTH AMERICA 184
- 10.6.1 BRAZIL 190
- 10.6.2 ARGENTINA 192
- 10.6.3 REST OF SOUTH AMERICA 194
11 GLOBAL INDUSTRIAL IOT MARKET, COMPANY LANDSCAPE 195
- 11.1 COMPANY SHARE ANALYSIS: GLOBAL 195
- 11.2 COMPANY SHARE ANALYSIS: ASIA PACIFIC 196
- 11.3 COMPANY SHARE ANALYSIS: NORTH AMERICA 197
- 11.4 COMPANY SHARE ANALYSIS: EUROPE 198
12 SWOT ANALYSIS 199
13 COMPANY PROFILE 200
- 13.1 CISCO SYSTEMS, INC. 200
- 13.1.1 COMPANY SNAPSHOT 200
- 13.1.2 REVENUE ANALYSIS 200
- 13.1.3 COMPANY SHARE ANALYSIS 201
- 13.1.4 PRODUCT PORTFOLIO 201
- 13.1.5 RECENT DEVELOPMENTS 202
- 13.2 SIEMENS 203
- 13.2.1 COMPANY SNAPSHOT 203
- 13.2.2 REVENUE ANALYSIS 203
- 13.2.3 COMPANY SHARE ANALYSIS 204
- 13.2.4 PRODUCT PORTFOLIO 204
- 13.2.5 RECENT DEVELOPMENTS 205
- 13.3 GENERAL ELECTRIC 206
- 13.3.1 COMPANY SNAPSHOT 206
- 13.3.2 REVENUE ANALYSIS 206
- 13.3.3 COMPANY SHARE ANALYSIS 207
- 13.3.4 PRODUCT PORTFOLIO 207
- 13.3.5 RECENT DEVELOPMENTS 208
- 13.4 IBM CORPORATION 209
- 13.4.1 COMPANY SNAPSHOT 209
- 13.4.2 REVENUE ANALYSIS 209
- 13.4.3 COMPANY SHARE ANALYSIS 210
- 13.4.4 PRODUCT PORTFOLIO 210
- 13.4.5 RECENT DEVELOPMENTS 211
- 13.5 INTEL CORPORATION 212
- 13.5.1 COMPANY SNAPSHOT 212
- 13.5.2 REVENUE ANALYSIS 212
- 13.5.3 COMPANY SHARE ANALYSIS 213
- 13.5.4 PRODUCT PORTFOLIO 213
- 13.5.5 RECENT DEVELOPMENTS 214
- 13.6 ABB 215
- 13.6.1 COMPANY SNAPSHOT 215
- 13.6.2 REVENUE ANALYSIS 215
- 13.6.3 PRODUCT PORTFOLIO 216
- 13.6.4 RECENT DEVELOPMENT 216
- 13.7 ARM LIMITED (A SUBSIDIAIRY OF SOFTBANK GROUP) 217
- 13.7.1 COMPANY SNAPSHOT 217
- 13.7.2 REVENUE ANALYSIS 217
- 13.7.3 PRODUCT PORTFOLIO 218
- 13.7.4 RECENT DEVELOPMENTS 219
- 13.8 EMERSON ELECTRIC CO. 220
- 13.8.1 COMPANY SNAPSHOT 220
- 13.8.2 REVENUE ANALYSIS 220
- 13.8.3 PRODUCT PORTFOLIO 221
- 13.8.4 RECENT DEVELOPMENTS 221
- 13.9 HONEYWELL INTERNATIONAL INC. 223
- 13.9.1 COMPANY SNAPSHOT 223
- 13.9.2 REVENUE ANALYSIS 223
- 13.9.3 PRODUCT PORTFOLIO 224
- 13.9.4 RECENT DEVELOPMENTS 225
- 13.10 HUAWEI TECHNOLOGIES CO., LTD. 226
- 13.10.1 COMPANY SNAPSHOT 226
- 13.10.2 PRODUCT PORTFOLIO 226
- 13.10.3 RECENT DEVELOPMENTS 227
- 13.11 KUKA AG 228
- 13.11.1 COMPANY SNAPSHOT 228
- 13.11.2 REVENUE ANALYSIS 228
- 13.11.3 PRODUCT PORTFOLIO 229
- 13.11.4 RECENT DEVELOPMENTS 230
- 13.12 MICROSOFT 231
- 13.12.1 COMPANY SNAPSHOT 231
- 13.12.2 REVENUE ANALYSIS 231
- 13.12.3 PRODUCT PORTFOLIO 232
- 13.12.4 RECENT DEVELOPMENTS 232
- 13.13 NEC CORPORATION 233
- 13.13.1 COMPANY SNAPSHOT 233
- 13.13.2 REVENUE ANALYSIS 233
- 13.13.3 PRODUCT PORTFOLIO 234
- 13.13.4 RECENT DEVELOPMENTS 234
- 13.14 PTC 236
- 13.14.1 COMPANY SNAPSHOT 236
- 13.14.2 REVENUE ANALYSIS 236
- 13.14.3 PRODUCT PORTFOLIO 237
- 13.14.4 RECENT DEVELOPMENTS 237
- 13.15 ROBERT BOSCH GMBH 239
- 13.15.1 COMPANY SNAPSHOT 239
- 13.15.2 REVENUE ANALYSIS 239
- 13.15.3 PRODUCT PORTFOLIO 240
- 13.15.4 RECENT DEVELOPMENTS 240
- 13.16 ROCKWELL AUTOMATION, INC. 241
- 13.16.1 COMPANY SNAPSHOT 241
- 13.16.2 REVENUE ANALYSIS 242
- 13.16.3 PRODUCT PORTFOLIO 242
- 13.16.4 RECENT DEVELOPMENTS 244
- 13.17 SAP SE 245
- 13.17.1 COMPANY SNAPSHOT 245
- 13.17.2 REVENUE ANALYSIS 245
- 13.17.3 PRODUCT PORTFOLIO 246
- 13.17.4 RECENT DEVELOPMENTS 246
- 13.18 SIGFOX PARTNER NETWORK 248
- 13.18.1 COMPANY SNAPSHOT 248
- 13.18.2 PRODUCT PORTFOLIO 248
- 13.18.3 RECENT DEVELOPMENTS 249
- 13.19 TEXAS INSTRUMENTS INCORPORATED 250
- 13.19.1 COMPANY SNAPSHOT 250
- 13.19.2 REVENUE ANALYSIS 250
- 13.19.3 PRODUCT PORTFOLIO 251
- 13.19.4 RECENT DEVELOPMENTS 252
- 13.20 WIPRO 253
- 13.20.1 COMPANY SNAPSHOT 253
- 13.20.2 REVENUE ANALYSIS 254
- 13.20.3 PRODUCT PORTFOLIO 255
- 13.20.4 RECENT DEVELOPMENTS 256
14 QUESTIONNAIRE 257
15 RELATED REPORTS 261