NEW YORK, March 15, 2024 /PRNewswire/ — The global industrial internet of things (iot) market size is estimated to grow by USD 123.98 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of almost 12.23% during the forecast period. Unraveling the Complexities of Project Management: Components, Factors, and Techniques Project management is a multifaceted discipline, encompassing various components, factors, and techniques. These elements include communication, compensation, components, customs, customers, facts, facilities, goals, initiatives, name, objectives, organization, projects, resources, retails, retrains, studies, technologies, and workflows. Mastering these aspects is crucial for successful project completion.
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Industrial Internet Of Things (IoT) Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017 – 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.23% |
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Market growth 2023-2027 |
USD 123.98 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
11.25 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Advantech Co. Ltd., Arm Ltd., Dassault Systemes SE, General Electric Co., Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., KUKA AG, Microsoft Corp., NEC Corp., Qualcomm Inc., Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Texas Instruments Inc., Yokogawa Electric Corp., and Cisco Systems Inc. |
Market Segmentation
This Industrial Internet of Things (IoT) Market report extensively covers market segmentation by End-user (Manufacturing, Automotive and transportation, Energy and utilities, Healthcare, Others) Component (Hardware, Software, Services) Geography (APAC, North America, Europe, South America, Middle East and Africa)
This report breaks down the global Industrial Internet of Things (IoT) Market by segment.list, providing an overview and analyzing market trends. It uses data from 2022 to estimate market figures for 2023 to end-year, offering essential insights into the current size and future growth of the market. Additionally, the report covers market characteristics, major companies, user preferences, and geographic opportunities. Regions covered include North America, Europe, Asia-Pacific, and RoW (South America, the Middle East, and Africa). Historical 2017 – 2021 and forecasts from 2023-2027 are provided for each segment, based on the regions.
Market Segmentation by End-user
In the realm of industrial production, IoT connections are revolutionizing industries such as machinery, food and beverage, chemicals and materials, and electrical and electronics. Experts in Spain and Israel lead the way, leveraging IoT to enhance productivity and gain a competitive edge. By integrating machines and devices onto the Internet, manufacturers gain valuable insights for predictive maintenance and performance optimization. However, challenges persist, including investment needs, business model redesigns, security concerns, lack of standardization, and interoperability issues. To address these challenges, collaborative teams and content-rich resources are essential. Utilizing the right tools and forging partnerships are key to overcoming hurdles and delivering superior customer experiences. Here’s a list of features that can help place your business account at the forefront of IoT innovation: real-time data analysis, predictive maintenance, and seamless integration of various types. Stay connected with the latest IoT advancements on your phone.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters.View Sample Report
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
