Industrial Internet of Things (IIoT) Market, 2018-2026 – Market Estimate, Competitive Landscape, Industry Size: Coherent Market Insights

1. Industrial Internet Of Things Market Competitive Intelligence and
Tracking Report Till 2026
Industrial Internet Of Things Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the growth of the market which
include growth drivers, restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core competencies.
The industrial internet of things is a term used to describe the interconnectivity of industrial
processes and manufacturing equipment by adoption of IOT technology. The adoption of
sensors in industries have given the birth to industrial IOT market. Sensors help convert
information from analog to digital. Data networking and computing power have increased the
demand for sensors in the automation industry. Continuous development of sensors technology
and adoption of data, computing, and connectivity technology, analytics and artificial intelligent,
human machine interaction, and digitalization are major factors driving growth to the industrial
IOT market.
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Industrial Internet of Things Market Taxonomy
On the basis of service, the global industrial internet of things market is segmented into:
 Professional services
 Managed Services

2. The managed service segment held the dominant position in 2016 and is projected to maintain
its dominance throughout the forecast period. Increasing government initiatives towards
digitalization and increasing government investments to boost the adoption of IOT technology
in various industries such as utilities and manufacturing are expected to drive growth of the IOT
market. The professional services segment is expected exhibit the highest CAGR over the
forecast period.
On the basis of solution, the global industrial internet of things market is segmented into:
 Real-Time Streaming Analytics
 Security
 Data Management
 Remote Monitoring
 Network Bandwidth Management
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On the basis of platform type, the global industrial internet of things market is segmented into:
 Device Management
 Application Management
 Network Management
On the basis of verticals, the global industrial internet of things market is segmented into:
 Agriculture
 Manufacturing
 Automotive& machinery
 Food and Beverage
 Chemicals and Materials
 Electronics and Utilities
 Healthcare and Pharmaceuticals
 Metals and Mining

3.  Oil and Gas
 Retail
 Transportation
 Others
The manufacturing segment held a dominant position in 2016. This segment is projected to
maintain its dominance throughout the forecast period. The high adoption of wireless
connectivity, sensors, and software solutions help create communication networks using IP
connectivity. This in turn, helps reduce the production cost and time.
Industrial Internet of Things Market Outlook – Asia Pacific holds significant market share
On the basis of geography, the global industrial internet of things market is segmented into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds
a dominant position in the global industrial internet of things market and is projected to retain
its dominance throughout the forecast period. Growing digitalization and high adoption of IOT
solutions by manufacturing and automation industries have contributed to growth of the
market in North America. Similarly, the Asia Pacific is projected to exhibit the highest CAGR over
the forecast period. India, china, Japan, and South Korea are some of the major countries that
help drive growth of the market for IOT in the Asia Pacific region. Dense population, increasing
disposable income, and large scale industrialization in the region are boosting growth of the
market. In addition to this, the increasing adoption of digitalization by various industries to
reduce the production time and operating costs also create a conducive environment for growth
of the industrial IOT market in Asia Pacific.
Key Players in the Global Industrial Internet of Things Market
ABB, ARM Ltd., Cisco Systems, Inc., Dassault Systèmes, General Electric, Honeywell International
Inc., Huawei Technology Co., Ltd., Intel Corporation, Rockwell Automation, Inc., and Texas
Instruments Inc. are some of the major players in the global industrial internet of things market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-
ready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies,
and potential absolute dollar opportunity.

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