Press Releases
 
Industrial Internet of Things Market Size | IIoT Industry Report, 2023

IIoT Market by Device & Technology Sensor, RFID, Industrial Robotics, SCADA - 2023 | MarketsandMarkets

United States, 18 January 2019 -- [205 Pages Report] Industrial IoT Market categorizes global market by Device & Technology (Sensor, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meter, Camera System, Networking Technology), Software (PLM, MES, SCADA), Vertical, and Geography.

The Industrial Internet of Things Market is expected to grow from USD 64.00 billion in 2018 to USD 91.40 billion by 2023, at a CAGR of 7.39% during the forecast period. The major factors driving the growth of the IIoT market include technological advancements in semiconductor and electronics devices, availability of automation solutions, improved data rates, and coverage of communication technologies; increasing use of cloud computing platform; growing adoption of IPv6; and support from governments worldwide pertaining to the adoption of IIoT solutions.

https://www.marketsandmarkets.com/Market-Reports/industrial-internet-of-things-market-129733727.html

The IIoT market for smart beacons is expected to grow at the highest CAGR between 2018 and 2023. Increasing demand for automation technologies in the retail vertical to enable faster checkout and enhance overall customer experience is driving the growth of the market for smart beacons.

The agriculture vertical is also a major beneficiary of IIoT solutions, owing to the availability of precision farming solutions. Initial investments in precision farming are very high; however, when carried out on a large scale, precision farming enables farmers to produce greater yield and make efficient use of the available natural resources. The IIoT market for the agriculture vertical is likely to grow at the highest CAGR between 2018 and 2023.

Governments in countries such as Germany, the UK, France, the US, China, and India have taken several initiatives for encouraging manufacturers to increase their investments for the adoption of IIoT solutions. The manufacturing vertical is expected to hold the largest share of the IIoT market in 2018.

North America is expected to hold the largest share of the IIoT market in 2018. The market is flourishing in this region owing to various initiatives undertaken to encourage its development and implementation by large enterprises and governments in this region; also, there has been significant investments in the R&D of IoT solutions. These factors are driving the growth of the market in North America. The IIoT market in APAC is expected to grow at the highest CAGR during the forecast period. Rapid industrialization in emerging economies of APAC, such as China and India, and in Southeast Asian countries is boosting the adoption of IIoT solutions in this region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129733727

To implement M2M communication in the industrial sector, machines need to have built-in components facilitating communication. In case of older factories, machinery may not be equipped with such components for data transmission; hence, these components need to be fitted externally. Some older equipment may also need alterations to retrofit these components, resulting in extra expenses to companies. This acts as a major hindrance for organizations using older machinery.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441


# # #


Document Attached Image Attached Download file at: 60062
(Right click and save file to download.)

Submitted by stevestark002 on Friday, 18 January 2019 at 7:34 PM
Category: Consumer Technology
 
Related News

How To Fix A Dryer Element Yourself-Tips And Tricks To Hire The Best Professional In Town:
Friday, 15 Feb 2019

SPS30 Particulate Matter Sensor from Sensirion Featured in THE EDGE by Future Electronics
Friday, 15 Feb 2019

Wearable Electronics Market Volume is Projected to Reach Nearly 290 Million Units & CAGR of more tha
Friday, 15 Feb 2019

INFRARED TECHNOLOGIES INDIANA IMPLEMENTS INFRARED ELECTRICAL INSPECTION PROGRAM FOR INDUSTRIAL PLANT
Friday, 15 Feb 2019

Knack Systems Boosts Digital Transformation at Inventia Healthcare Limited with SAP Sales Cloud
Thursday, 14 Feb 2019

Related Events

Palo Alto Networks: Brainstorm 2019 Wisconsin
Sunday, 3 Mar 2019

3rd Interventions in Aging Conference
Sunday, 3 Mar 2019

Devops Live 2019
Tuesday, 12 Mar 2019

Palo Alto Networks: Cybersecurity Forum 2019 (Malaysia)
Thursday, 14 Mar 2019

Palo Alto Networks: PartnerUP 2019 - Kuala Lumpur
Thursday, 14 Mar 2019

Latest News

Special Sale Offer Now Available For Opus Ilock Shower Cabins At JT SPAS
Saturday, 16 Feb 2019

Global Air Purifier Market | Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014-2024
Saturday, 16 Feb 2019

YouTube's Prince Friend Interviews the Magnificent Shelby J
Saturday, 16 Feb 2019

PATA Adventure Travel and Responsible Tourism Conference and Mart 2019
Saturday, 16 Feb 2019

5 Prime Ideas To Win Extra With Any Lottery
Saturday, 16 Feb 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Saturday, 16 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • EASL HCC Summit 2019
  • Palo Alto Networks: UTD NGFW, 15 February 2019, Delhi
  • 3rd Fibroblast Growth Factors in Development and Repair Conference, 2019
  • Skin Disease Education Foundation 43nd Annual Hawaii Dermatology Seminar
  • Pacific Rim Otolaryngology- Head and Neck Surgery Update

  • Latest Jobs
    Sorry, there are currently no entries posted here.