Advancements in the technology, low operation cost, and rising adoption of IoT drive the growth of the global Industrial internet of things market. The hardware segment held the largest share in 2017, accounting for more than one-third of the market. On the other hand, the market across the Asia-Pacific region is anticipated to register the fastest CAGR of 8.2% during the forecast period.
According to the report, the global industrial internet of things market accounted for $127.7 billion in 2017 and is expected to reach $196.8 billion by 2023, registering a CAGR of 7.5% from 2017 to 2023. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.
A surge in the adoption of the Internet of things along with low operational costs for its integration has boosted the growth of the global industrial internet of things market. Furthermore, advancements in technology propel market growth. However, the inadequate IT infrastructure hampers the market growth. On the contrary, an increase in the predictive maintenance along with growth in the adoption of cloud-based development model is expected to create lucrative opportunities in the near future.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/4553
The global industrial internet of things market is segmented on the basis of component, application, and region. Based on the component, the market is divided into hardware, software, services, and connectivity. The hardware segment held the largest share in 2017, accounting for more than one-fourth the market. However, the connectivity segment is projected to register 8.3% CAGR during the forecast period.
On the basis of application, the market is segmented into manufacturing, energy & power, oil & gas, healthcare, logistics & transportation, and others. The manufacturing segment held the largest share in 2017, accounting for around one-third of the market. However, the healthcare segment is projected to register the fastest CAGR of 9.0% during the forecast period.
Have Any Query? Ask our Research Experts: https://www.alliedmarketresearch.com/purchase-enquiry/4553
Based on geography, the industrial internet of things market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2017, accounting for more than one-third of the market. However, the Asia-Pacific region is anticipated to register the fastest CAGR of 8.2% during the forecast period.
The market report provides an in-depth analysis of the major market players such as International Business Machines Corporation (IBM), Cisco Systems, Inc., Huawei Technology Co., Ltd., General Electric, Honeywell International Inc., Intel Corporation, Dassault Systems, Rockwell Automation, Inc., and ABB, Texas Instruments Inc. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research