Industrial IoT Platform Market is Expected to Grow at a CAGR of 23% by 2022
April 21, 2017 --
Market Research Future announced the publication of half cooked research report on Industrial IoT Platform Market. The global market for Industrial IoT Platform is majorly driven by factors such increasing need of efficient manufacturing process and high adoption of automation.
Taste the market data and market information presented through more than 25 market data tables and 25 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Industrial IoT Platform Market Research Report - Forecast 2022”.
Today, Companies are transformation themselves and their business process to extract value from their traditional industrial process by taking the advantage from rapid explosion of ultra-low cost connectivity, and rapid explosion of sensors. These value can produce business outcome the customers and can be very helpful to produce incremental revenue for the company. Today, customers are not only expecting best in class physical products from manufacturers but also looking for the ways by which they can drive increased level of productivity.
The market of IoT platform is expected to reach market size of one billion by the end of year 2020 and industrial IoT platform is one of the major market share holder. Factor such as high efficiency, real time monitoring of machineries, increased revenue and high output is driving the market of industrial IoT whereas there are various factors including price and technical knowledge which is likely to hamper the market growth.
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The industrial IoT platforms are useful in various industries but the market is dominated by manufacturing industry. By connecting the localized systems with network and sensors, the monitoring of process becomes very easy. Connected sensors also generates lots of data which can be analyzed to find of the probability of breakdown and efficiency of machineries.
For the purpose of this study, the market of Industrial IoT Platform has been segmented on the basis of components, application, verticals and region. The component includes-hardware which further has been segmented into sensors, cameras, processing units among others and software. By Application the market has been segmented as asset management, remote monitoring, and network system management among others. Further the market has been segmented into verticals which includes- manufacturing, power and utilities, aviation, oil and gas among others.
Key Players of Industrial IoT Platform Market:
- Microsoft Inc. (U.S.)
- NEC Corporation (Japan)
- PTC (U.S.)
- International Business Machines Corporation (U.S.)
- General Electric Corporation (U.S.)
- Fujitsu (Japan)
- Siemens AG (Germany)
- SAP SE (Germany)
- Hitachi Insight Group (U.S.)
- Huawei Technologies Co. Ltd. (China)
Market Research Future Analysis:
The Global Industrial IoT Platform Market will grow exponentially during the forecast period. High efficiency and managed business process are some of the factors which is forcing the manufacturers to opt for IoT platform. Sensors such as temperature gives the exact information about the machineries, smart cameras are capable of finding any errors in the process and smart technology can rectify the errors without human interference. IoT also helps in making the industrial process more intelligent which leads to very low wastage of raw material. This is also one of the major market growth because low wastage of any manufacturing unit is directly associated with high efficiency. By region, Asia-Pacific is dominating the market of industrial IoT due to the rich presence of manufacturing industries in China, Japan and South Korea whereas North America stands as second biggest market followed by Europe.
Brief TOC for Industrial IoT Platform Market:
1. Executive Summary
2. Research Methodology 2.1 Scope of the study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3. Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4. Global Industrial IoT Platform Market, by Component
4.2.3 Processing Units
5. Global Industrial IoT Platform Market, By Application
5.2 Asset Management
5.3 Remote Monitoring
5.4 Network System Management
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- Software Development companies
- Application development companies
- Companies dealing with IOT
- Sensor Manufacturers
- Electronic Manufacturing Companies and Suppliers
- Research Institutions
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