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  • Industrial Internet of Things Market by Region, Opportunities and Forecast to 2025

    (I-SoftwareNews.Com, January 10, 2018 ) Over the last few years Internet of Things (IIOT) has changed the face of industry in a profound manner. The industrial Internet of thing is the latest trend of innovation impacting the way the world connect and optimize machine and technological change which will bring unprecedented opportunities to the business and the society. IIoT offers new opportunities to increase operations across energy, transportation, manufacturing and other infrastructure sector of the economy. Industrial IoT is a transformative strategy that helps in improving the quality, productivity in the industry and improve quality. Industrial Internet of Thing is also known as industrial internet that makes connected enterprise by merging the information and the operational department of the industry and brings together advanced analytics. Industrial internet of Thing (IIoT) includes some of the benefits such as automation & control, monitor, save time, better monitoring of the device and better quality of life.

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    One of the major driving factor fueling the growth of Industrial Internet of Thing (IIoT) is increased revenue, by improving efficiency and adding new innovation solution results in increasing revenue. In addition to this there are several other factors fueling the growth of Industrial Internet of Thing are improving visibility, increasing productivity, reduces complexity of process in the industry, cost benefits and boosting operational efficiency. However, the factors hindering the growth of Industrial Internet of Thing are security & safety and complexity. Technological advancements in semiconductor and electronics industries equipment of cloud computing technologies is expected to boost the market over the forecasted period.

    Industrial Internet of Thing (IIoT) is segmented on the basis of component which includes sensors, RFID, processor, memory, networking components, control devices and others. Similarly, the market is further segmented on the basis of end-user verticals which further includes manufacturing, healthcare, oil & gas, energy & power (grid automation), intelligent transport, agriculture and others.

    The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, China, Japan, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate Industrial Internet of Thing (IIoT) are AT&T Inc., Cisco Systems Inc., General Electric Company, Google Inc., IBM Corp., Intel Corporation, Microsoft Corporation, Omron Corporation, Remote Technologies Inc., Robert Bosch GmbH and Rockwell Automation, Inc.

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    Some of the leading players in industrial IoT market are AT&T Inc., Cisco Systems Inc., General Electric Company, Google Inc., IBM Corp., Intel Corporation, Microsoft Corporation, Omron Corporation, Remote Technologies Inc., Robert Bosch GmbH and Rockwell Automation, Inc.

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