Product Code: SE 2909
"IIoT market expected to grow at a significant rate from 2020 to 2025."
The global IIoT market size is expected to grow from USD 77.3 billion in 2020 to USD 110.6 billion by 2025, at a CAGR of 7.4% during the forecast period. The growth of the IIoT sector is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.
"Networking technology to hold the largest share of the IIoT market in 2025."
Networking technology is expected to hold the largest share of the IIoT industry by device & technology in 2025. Both wired and wireless technologies are integral for machine-to-machine (M2M) connectivity to gather real-time data from industrial machinery across different geographies.
"Market for agriculture vertical to grow at the highest rate during the forecast period."
Owing to the increasing adoption of new technologies, such as global positioning systems, remote sensing, and variable rate technology, in precision farming, the IIoT market for the agriculture vertical is expected to grow at the largest CAGR during the forecast period.
"APAC to hold the largest share of the IIoT industry during the forecast period."
APAC is expected to be the largest market for IIoT during the forecast period. Dense population and growing per capita income, along with large-scale industrialization and urbanization, are some of the major factors driving the growth of the IIoT market in APAC.
Breakdown of Profiles of Primary Participants:
- By Company Type: Tier 1 = 21%, Tier 2 = 32%, and Tier 3 = 47%
- By Designation: C-level Executives = 46%, Directors = 29%, and Others = 25%
- By Region: North America = 44%, Europe = 29%, APAC = 18%, and RoW = 9%
ARM (UK), Cisco (US), GE (US) Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Dassault Systemes (France), Honeywell (US), Huawei Technologies (China), IBM (US), KUKA (Germany), NEC Corporation (Japan), Bosch (Germany), Siemens AG (Germany), and PTC (US) are a few key players in the global IIoT market.
Research Coverage:
The IIoT market has been segmented based on device & technology, software, connectivity, vertical, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IIoT industry and forecasts the same till 2025.
Key Benefits of Buying the Report:
The report would help leaders/new entrants in this market in the following ways.
- 1. This report segments the IIoT market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across different industries and regions.
- 2. The report helps stakeholders understand the pulse of the market and provides them the information on key market drivers, restraints, challenges, and opportunities.
- 3. This report would help stakeholders understand their competitors better and gain more insights to enhance their positions in the business. The competitive landscape section includes competitor ecosystem, product launches, partnerships/ collaboration/agreements, and mergers & acquisitions carried out in the IIoT market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 DEFINITION
- 1.3 MARKET SCOPE
- 1.3.1 MARKETS COVERED
- 1.3.2 YEARS CONSIDERED FOR THE STUDY
- 1.4 CURRENCY
- 1.5 LIMITATIONS
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Key industry insights
- 2.1.2.3 Breakdown of primaries
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.1.1 Analysis of average selling prices of different types of sensors
- 2.2.2 TOP-DOWN APPROACH
- 2.2.2.1 Approach for capturing market size using top-down analysis (supply side)
- 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 SIGNIFICANT GROWTH PROSPECTS FOR IIOT MARKET
- 4.2 IIOT MARKET, BY VERTICAL
- 4.3 IIOT MARKET IN APAC, BY VERTICAL & COUNTRY, 2019
- 4.4 IIOT MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Technological advancements in semiconductor and electronic devices
- 5.2.1.2 Increased use of cloud computing platforms
- 5.2.1.3 Standardization of IPv6
- 5.2.1.4 Support from governments of different countries for R&D activities related to IIoT
- 5.2.1.5 Decreased costs of automation systems
- 5.2.2 RESTRAINTS
- 5.2.2.1 Lack of standardization in communication protocols
- 5.2.2.2 Incompatibility of legacy equipment with communication networks
- 5.2.2.3 Lack of skilled workforce
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Predictive maintenance of machinery
- 5.2.3.2 Increase in number of data centers
- 5.2.3.3 Requirement of innovative cross-domain expertise and collaborations for development of comprehensive systems and solutions
- 5.2.4 CHALLENGES
- 5.2.4.1 Data security and privacy breaches
- 5.2.4.2 Maintenance and updation of IIoT systems
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 VALUE CHAIN ANALYSIS
- 6.3 EMERGING TRENDS
- 6.3.1 DIGITAL TWIN TECHNOLOGY
- 6.3.2 EDGE COMPUTING TECHNOLOGY
- 6.3.3 MQTT PROTOCOL
7 IIOT MARKET, BY DEVICE & TECHNOLOGY
- 7.1 INTRODUCTION
- 7.2 SENSORS
- 7.2.1 EMERGENCE OF SENSORS AS MOST IMPORTANT PART OF IIOT ECOSYSTEM
- 7.3 RFID
- 7.3.1 GROWTH IN ADOPTION OF RFID TECHNOLOGY IN MANUFACTURING, RETAIL, AND HEALTHCARE INDUSTRIES
- 7.4 INDUSTRIAL ROBOTICS
- 7.4.1 INDUSTRIAL ROBOTICS EXPECTED TO REVOLUTIONIZE DIFFERENT MANUFACTURING PROCESSES
- 7.5 DISTRIBUTED CONTROL SYSTEMS (DCS)
- 7.5.1 RISE IN USE OF DCS FOR REGULATORY CONTROLS IN MANUFACTURING INDUSTRY
- 7.6 CONDITION MONITORING
- 7.6.1 INCREASE IN DEMAND FOR CONDITION MONITORING TO ENSURE PROPER AND UNINTERRUPTED FUNCTIONING OF INDUSTRIAL MACHINERY
- 7.7 SMART METERS
- 7.7.1 SURGE IN ADOPTION OF SMART METERS IN DOMESTIC AND COMMERCIAL APPLICATIONS
- 7.8 ELECTRONIC SHELF LABELS (ESL)
- 7.8.1 GROWTH IN USE OF ESL IN RETAIL STORES FOR PRICE AUTOMATION AND PRODUCT INFORMATION DISPLAY
- 7.9 CAMERAS
- 7.9.1 INCREASE IN ADOPTION OF CAMERAS FOR SECURITY AND SURVEILLANCE APPLICATIONS
- 7.10 SMART BEACONS
- 7.10.1 RISE IN USE OF SMART BEACONS IN RETAIL VERTICAL
- 7.11 INTERFACE BOARDS
- 7.11.1 INTERFACE BOARDS POWER VARIOUS NODES OF INTELLIGENT TRANSPORTATION SYSTEMS IN TRANSPORTATION VERTICAL
- 7.11.2 MULTIFUNCTIONAL BOARDS
- 7.11.3 VEHICLE DETECTION BOARDS
- 7.11.4 COMMUNICATION BOARDS
- 7.12 YIELD MONITORS
- 7.12.1 YIELD MONITORS RECORD SITE-SPECIFIC YIELD DATA SIGNIFICANT FOR AGRICULTURISTS
- 7.13 GUIDANCE & STEERING
- 7.13.1 INCREASE IN USE OF GUIDANCE & STEERING SYSTEMS IN PRECISION FARMING
- 7.14 GPS/GNSS
- 7.14.1 INCREASE IN USE OF GPS/GNSS FOR EFFECTIVE NAVIGATION OF VEHICLES
- 7.15 FLOW & APPLICATION CONTROL DEVICES
- 7.15.1 INCREASE IN USE OF FLOW & APPLICATION CONTROL DEVICES IN VARIABLE RATE APPLICATIONS
- 7.16 NETWORKING TECHNOLOGY
- 7.16.1 NUMEROUS MACHINES AND SENSOR NODES CONNECTED TO INTERNET USING NETWORKING TECHNOLOGIES
8 CONNECTIVITY TYPES OF IIOT
- 8.1 INTRODUCTION
- 8.2 WIRED TECHNOLOGIES
- 8.2.1 ETHERNET
- 8.2.2 MODBUS
- 8.2.3 PROFINET
- 8.2.4 FOUNDATION FIELDBUS
- 8.3 WIRELESS TECHNOLOGIES
- 8.3.1 WI-FI
- 8.3.2 ZIGBEE
- 8.3.3 BLUETOOTH
- 8.3.4 CELLULAR TECHNOLOGIES
- 8.3.5 SATELLITE TECHNOLOGIES
- 8.4 FIELD TECHNOLOGIES
- 8.4.1 PROFIBUS
- 8.4.2 MODBUS RTU
- 8.4.3 CC-LINK
9 IIOT MARKET, BY SOFTWARE
- 9.1 INTRODUCTION
- 9.2 PRODUCT LIFECYCLE MANAGEMENT (PLM)
- 9.2.1 PLM ENABLES EFFECTIVE DEVELOPMENT AND INSTALLATION OF PRODUCTS
- 9.3 MANUFACTURING EXECUTION SYSTEMS (MES)
- 9.3.1 MES HELP PRODUCTION PLANTS WITH MATERIALS, ORDERS, AND PRODUCTION MANAGEMENT FUNCTIONALITIES
- 9.4 SCADA
- 9.4.1 SCADA HELPS IN MAINTAINING STAFF, OPERATORS, AND ENGINEERS FOR EFFECTIVELY CONTROLLING DIFFERENT INDUSTRIAL OPERATIONS
- 9.5 OUTAGE MANAGEMENT SYSTEMS (OMS)
- 9.5.1 OMS ENABLE ELECTRIC UTILITIES TO MANAGE THEIR POWER OUTAGES EFFECTIVELY AND IMPROVE THEIR RESPONSE TIME
- 9.6 DISTRIBUTION MANAGEMENT SYSTEMS
- 9.6.1 DMS FACILITATE EFFECTIVE MANAGEMENT OF ELECTRICITY DISTRIBUTION NETWORKS
- 9.7 REMOTE PATIENT MONITORING
- 9.7.1 REMOTE PATIENT MONITORING REDUCES INSTANCES OF HOSPITALIZATIONS, READMISSIONS, AND HOSPITAL STAYS
- 9.8 RETAIL MANAGEMENT SOFTWARE
- 9.8.1 RETAIL MANAGEMENT SOFTWARE HELPS IN PLANNING AND REDESIGNING BUSINESS STRATEGIES ACCORDING TO PREVAILING MARKET SCENARIO
- 9.9 VISUALIZATION SOFTWARE
- 9.9.1 VISUALIZATION SOFTWARE OFFERS REAL-TIME VIDEOS AND DATA RELATED TO TRAFFIC
- 9.10 TRANSIT MANAGEMENT SYSTEMS
- 9.10.1 TRANSIT MANAGEMENT SYSTEMS PROVIDE ACCURATE INFORMATION PERTAINING TO LOCATION AND PERFORMANCE OF VEHICLES
- 9.11 FARM MANAGEMENT SYSTEMS
- 9.11.1 FARM MANAGEMENT SYSTEMS COMPRISE SOFTWARE AND SERVICES USED FOR PRECISION FARMING
10 IIOT MARKET, BY VERTICAL
- 10.1 INTRODUCTION
- 10.2 MANUFACTURING
- 10.2.1 AUTOMOTIVE
- 10.2.1.1 Emerging IoT solutions such as connected cars, connected logistics, and connected fleet facilitate real-time data management
- 10.2.2 MACHINERY
- 10.2.2.1 Rising use of IIoT solutions and sensors to monitor and adjust performance of production machinery
- 10.2.3 FOOD & BEVERAGES
- 10.2.3.1 Growing adoption of IIoT solutions and analytics by food & beverage companies to improve their operational efficiency
- 10.2.4 CHEMICALS & MATERIALS
- 10.2.4.1 Rising demand for IIoT solutions and predictive analytics from chemicals & materials industry to maintain desired quality standards of products
- 10.2.5 ELECTRICAL & ELECTRONICS
- 10.2.5.1 Integrating IIoT data with back-end systems used for manufacturing electrical & electronic equipment results in high-performance products
- 10.2.6 PHARMACEUTICALS
- 10.2.6.1 Rising use of IIoT solutions for packing and delivering pharmaceuticals
- 10.3 ENERGY
- 10.3.1 SMART GRIDS
- 10.3.1.1 Growing demand for uninterrupted power supply leading to increasing deployment of smart grids
- 10.4 OIL & GAS
- 10.5 METALS & MINING
- 10.6 HEALTHCARE
- 10.7 RETAIL
- 10.7.1 POINT-OF-SALES (POS)
- 10.7.1.1 Changing customer requirements supplement the demand for POS terminals
- 10.7.1.2 Interactive kiosks
- 10.7.1.2.1 Rising demand for interactive kiosks to improve overall customer experience
- 10.7.1.3 Self-checkout systems
- 10.7.1.3.1 Growing demand for self-checkout systems in developed economies
- 10.8 TRANSPORTATION
- 10.8.1 INTELLIGENT SIGNALING
- 10.8.1.1 Growing demand for intelligent signaling to drive growth of market for transportation IIoT solutions
- 10.8.2 VIDEO ANALYTICS
- 10.8.2.1 Increasing demand for smart surveillance to fuel growth of market for video analytics
- 10.8.3 INCIDENT DETECTION
- 10.8.3.1 Growing deployment of incident detection systems to monitor and detect locations of incidents
- 10.8.4 ROUTE SCHEDULING GUIDANCE
- 10.8.4.1 Increasing adoption of real-time traffic analytics to drive the demand for route scheduling guidance
- 10.9 AGRICULTURE
- 10.9.1 PRECISION FARMING
- 10.9.1.1 Growing adoption of precision farming globally to increase agricultural productivity
- 10.9.2 LIVESTOCK MONITORING
- 10.9.2.1 Increasing use of remote sensing and connected technologies for livestock monitoring
- 10.9.3 SMART GREENHOUSES
- 10.9.3.1 Rising adoption of smart greenhouses across the world
- 10.9.4 FISH FARMING
- 10.9.4.1 Surging use of IIoT solutions in effective monitoring of fish farms
11 GEOGRAPHIC ANALYSIS
- 11.1 INTRODUCTION
- 11.2 NORTH AMERICA
- 11.2.1 US
- 11.2.1.1 Presence of major IoT solution providers and significant government support in US to drive adoption of IIoT solutions in different sectors
- 11.2.2 CANADA
- 11.2.2.1 Increase in investments for development and adoption of IoT technology in critical applications in Canada
- 11.2.3 MEXICO
- 11.2.3.1 Evolution of Mexico as industrial hub in North America to lead to adoption of IIoT solutions in country
- 11.3 EUROPE
- 11.3.1 UK
- 11.3.1.1 Increase in adoption of IoT solutions in energy vertical to drive growth of market in UK
- 11.3.2 GERMANY
- 11.3.2.1 Surge in deployment of IoT technology in automotive sector to fuel growth of market in Germany
- 11.3.3 FRANCE
- 11.3.3.1 Increase in adoption of smart manufacturing to lead to growth of market in France
- 11.3.4 REST OF EUROPE
- 11.4 APAC
- 11.4.1 CHINA
- 11.4.1.1 Increase in deployment of IoT solutions in country to drive growth of market in China
- 11.4.2 JAPAN
- 11.4.2.1 Rise in adoption of IIoT solutions to improve productivity of industries and enable their process optimization to contribute to growth of market in Japan
- 11.4.3 INDIA
- 11.4.3.1 Large-scale industrial development in India to lead to growth of market in country
- 11.4.4 REST OF APAC
- 11.5 ROW
- 11.5.1 SOUTH AMERICA
- 11.5.1.1 Increased focus on connectivity and networking technologies in South America to fuel growth of market in region
- 11.5.2 MIDDLE EAST
- 11.5.2.1 Rise in demand for IIoT solutions from the oil & gas vertical and smart cities to contribute to growth of market in Middle East
- 11.5.3 AFRICA
- 11.5.3.1 Surge in demand for IoT solutions from mining to drive growth of market in Africa
12 COMPETITIVE LANDSCAPE
- 12.1 OVERVIEW
- 12.2 MARKET RANKING ANALYSIS
- 12.3 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
- 12.3.1 VISIONARY LEADERS
- 12.3.2 DYNAMIC DIFFERENTIATORS
- 12.3.3 INNOVATORS
- 12.3.4 EMERGING COMPANIES
- 12.4 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS)
- 12.5 STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 PLAYERS)
- 12.6 COMPETITIVE SITUATION AND TRENDS
- 12.6.1 PRODUCT LAUNCHES
- 12.6.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
- 12.6.3 MERGERS AND ACQUISITIONS
- 12.6.4 EXPANSIONS
13 COMPANY PROFILES
(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)*
- 13.1 KEY PLAYERS
- 13.1.1 CISCO
- 13.1.2 GE
- 13.1.3 HONEYWELL
- 13.1.4 INTEL
- 13.1.5 IBM
- 13.1.6 ABB
- 13.1.7 ROCKWELL AUTOMATION
- 13.1.8 SIEMENS
- 13.1.9 KUKA
- 13.1.10 TEXAS INSTRUMENTS
- 13.2 OTHER KEY PLAYERS
- 13.2.1 ARM HOLDING
- 13.2.2 PTC
- 13.2.3 DASAULT SYSTEMES
- 13.2.4 SAP
- 13.2.5 HUAWEI
- 13.2.6 SIGFOX
- 13.2.7 BOSCH.IO
- 13.2.8 NEC
- 13.2.9 ANSYS
- 13.2.10 WORLDSENSING SL
Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
14 APPENDIX
- 14.1 INSIGHTS OF INDUSTRY EXPERTS
- 14.2 DISCUSSION GUIDE
- 14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 14.4 AVAILABLE CUSTOMIZATIONS
- 14.5 RELATED REPORTS
- 14.6 AUTHOR DETAILS
