Americas continues to lead the Industrial Internet of Things market share during 2018-2023:
The Americas is the region with the largest Industrial Internet of a Thingsmarket share of 27.7%, closely followed by Europe at 27.6%. The European region is projected to exhibit the fastest growth at 22.2% CAGR through 2023 to reach $68.240 billion by 2023. The growing IoT revolution in manufacturing, transport and energy sectors will drive this growth. The retail sector has been a major driver of industrial IoT in recent years, as growing use of RFID tags and environment monitoring systems led the growth.
The Americas region was estimated to register $15.539 billion in 2017, and expected to reach $58.281 billion by 2023.
Selected / Sample Industrial Internet of Things Analysis done in the full Report:
Patent analysis of Industrial Internet of Things (IIoT) was conducted to analyze the developments being carried out in the market, thereby reflecting the growth of the same during the period.
Network Management Protocols and Wireless Communication Network domains in the IIoT market witnessed the significant number of patients over a period of ten years.
Samsung Electronics, Cisco, Intel, and other electronic goliaths have invested substantially in the R&D to develop industrial IoT solutions that can create product differentiation in the IIoT market.
The IIoT market witnessed a remarkable surge in the number of patents filed, due to the penetration of IoT concept in applications of industrial and factory automation, emergence of big data analytics, machine health monitoring systems and so on.
The number of patents filed in the IIoT domain drastically escalated in 2015, on the back of increasing demand for wireless networking across the major industries for security, process management, monitoring, and several other applications.
Oil & Gas, Process Automation and Discreet Automation evolved as few promising sectors for the application of IIoT enabled devices, subsequently resulting in large number of filing of patents in respective domains.
Excerpts on Industrial Internet of Things Market Growth Factors Mentioned in the Full Report:
The high adoption of IIoT in transportation is acting like a major driving force that propels the industrial Internet of Things market growth.
Growing need for automation for operations for power generation and transmission will drive the market for IIoT in the Energy sector.
The growing IoT revolution in manufacturing, transport and energy sectors will drive the significant growth for Industrial Internet of Things Market during the forecast period.
The retail sector has been a major driver for industrial IoT in recent years as growing use of RFID tags and environment monitoring systems leads the growth.
Incorporation of IIoT in the Healthcare industry has attracted investments from major healthcare companies due to shift in focus regarding real time data. This factor is driving the growth of the IIoT in the healthcare industry.
To access / purchase the full report browse the link below:
https://industryarc.com/Report/7385/industrial-internet-of-things-(IIoT)-market-report.html
Key Players of the Industrial Internet of Things Market:
The major key players of the Industrial Internet of Things Market are Cisco, General Electric, Apple, Samsung, Siemens, IBM, AT&T and many others that hold an entirely different market share at global and regional markets. These players are extensive corporations with a considerable amount of other products, equipment and services portfolios that has resulted in the creation of an exhaustive network of distribution channels across the globe. These companies are able to leverage the same distribution channels for IIoT enabled devices or components.
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Rohith Koluguri
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Material
rohitpatrick8189@gmail.com
https://industryarc.com/Report/7385/industrial-internet-of-things-(IIoT)-market-report.html/summary?