Industrial IoT Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027

March 08 14:50 2021
The increasing adoption of the Industrial IoT solutions by industrialists and manufacturers is driving the demand of the market.

Industrial IoT Market will be worth USD 128.09 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing adoption of the Industrial IoT solutions by industrialists and manufacturers. The growing need to improve productivity, enhance the workers’ safety, and reduce the operating and manufacturing costs is expected to drive the growth of the Industrial IoT technologies over the forecast period. The rising need to reduce the risk of cyber and data breaches caused by human errors is most likely to fuel the demand for Industrial IoT technologies. 

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Key participants include GE, Intel, Cisco, IBM, Siemens, Honeywell, Rockwell Automation, Texas Instruments, ABB, and Kuka, among others.

The growing need to reduce the shipping cost has resulted in the increased adoption of the Industrial IoT in the transportation & Logistics industry. Moreover, automotive IoT is expected to be increasingly utilized by the transportation sector for predictive diagnostics and vehicle maintenance. Besides, the tracking of the real-time location of the vehicle for the management of public transportation is a key contributing factor to the increasing adoption of IoT technologies in the transportation sector.

  • Component Outlook (Revenue, USD Billion; 2017-2027)
    • Services (Managed, Professional)
    • Solution (Analytics, Remote Monitoring, Security Solutions, Data Management)
    • Platform (Application Management, Connectivity Management, Device Management)
  • End-User Outlook (Revenue, USD Billion; 2017-2027)
    • Energy & Power
    • Healthcare
    • Agriculture
    • Manufacturing
    • Oil & Gas
    • Logistics & Transport
    • Others

The solution segment held the largest market share of 47.5% in 2019. Increasing investments of the Industrial IoT solution providers for the launch of technologically advanced information systems for the industrial sector is expected to drive the segment’s growth.

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Product research:

An extensive study of the product application and services conducted by subject matter experts assessing the Industrial IoT market will help product owners to make a wise decision. From analysing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers’ requirement.

Objectives of the Report:

  • Study of the global Industrial IoT market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Industrial IoT market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Industrial IoT market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Industrial IoT market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Industrial IoT Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Industrial IoT Market Segmentation & Impact Analysis

    4.1. Industrial IoT Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Emergence of advanced data analytics and machine learning

                    4.2.2.2. Increased adoption of cloud platforms

                    4.2.2.3. Development of wireless networking technologies

                    4.2.2.4. Support from government for R&D activities regarding IoT

                    4.2.2.5. Increasing need to reduce the risk of cyber and data breaches caused by human error

          4.2.3. Market restraints analysis

                    4.2.3.1. Limited availability of skilled workforce

                    4.2.3.2. Security challenges for Industrial IoT technologies

                    4.2.3.3. Lack of connectivity

                    4.2.3.4. Present challenging economic conditions due to the pandemic

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Industrial IoT Market By Component Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Component Dynamics & Market Share, 2019 & 2027

          5.1.1. Services (Managed, Professional)

          5.1.2. Solution (Analytics, Remote Monitoring, Security Solutions, Data Management)

          5.1.3. Platform (Application Management, Connectivity Management, Device Management)

Chapter 6. Industrial IoT Market By End User Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. End User Dynamics & Market Share, 2019 & 2027

          6.1.1. Energy & Power

          6.1.2. Healthcare

          6.1.3. Agriculture

          6.1.4. Manufacturing

          6.1.5. Oil & Gas

          6.1.6. Logistics & Transport

          6.1.7. Others

Continue…!

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