The Global Industrial IoT Market Research report 2015-2019 segments the IIoT industry into four end-user segments including manufacturing, energy and utilities, automotive and transportation as well as healthcare while forecasting a 26.56% CAGR to 2019.
The growing adoption of industrial IoT (IIoT) in the market may lead to a shift in employment structures. A blended workforce is expected where both humans and machines work together to attain outcomes that neither humans nor machines could produce alone. Technology will likely be designed and applied to empower people rather than replace them. The increased usage of smart devices, intelligent systems, and robots will likely completely transform the skills and jobs required in the future. Companies will use intelligent machines and network systems to automate tasks at lower costs and achieve high quality outcomes. This automation will help people to focus more on human-related job elements such as creative problem-solving and collaboration. So, there will be higher productivity with a dynamic and more engaging human work experience through the combination of humans and machines.
According to this latest industrial IoT (IIoT) market research, a rising number of connected devices are now being used in industries to boost the quantum of generated data. Businesses have realized that they can use these data to optimize costs, deliver better services, and boost revenues. They are also seeing opportunities for changes in business models. For example, aviation engine manufacturers are offering inclusive rental programs on their equipment and servicing contracts. The expectation is that feedback from engine users would help manufacturers enhance engine design and reduce manufacturing and maintenance costs, which may confer significant competitive advantages. Countries have realized that sensor data could be used to avoid catastrophic failures in key infrastructure networks like water, power, and transport. All these factors drive revenues in the market. Further, the report states that the lack of interoperability hampers the adoption of IIoT.
AT&T, Cisco, GE, IBM, Intel and Qualcomm are the major companies discussed in this industrial IoT market report. Other players simply mentioned in this research include Accenture, Amazon, ARM, Atmel, Atos, Bosch, Broadcom, Digi International, CSC, CTS, Dell, Echelon, Ericsson, Freescale, , Hitachi, HP, Huawei, , Infineon, Infosys, Livion, Google, Microsoft, National Instruments, NEC, Oracle, PTC, Quuppa, Rockwell, Roima, SAP, Siemens, TCS, Tech Mahindra, Texas Instruments, Tieto, Trelab, Unisys, Verizon, Zebra Technologies, and ZTE.
The second research on this topic titled, Industrial IoT Market by Technology (Wired, Wireless), Components (Sensors, Memory & Processors, Networking Components, RFID & others), Industry Verticals (Manufacturing, Transportation, Retail, Healthcare & others), & Geography - Global Forecast to 2020 forecasts the Industrial IoT market size to reach $319.62 Billion at a CAGR of 8.15% from 2014 to 2020. Over the next decade, Industrial IoT is expected to revolutionize the industrial sector and lead to a new era of economic growth and competitiveness. APAC region is projected to be the largest market for Industrial internet of things, by 2020. It has already begun to transform major industries such as manufacturing, transportation, and retail, among others. With new technological advancements every day and its seamless integration into different industries, the Industrial IoT concept has immense growth potential. Various technology related trends are expected to be IoT enablers, which may also help in shaping the future of Industrial IoT. Some of these critical technology trends which are expected to have a huge impact on IoT evolution are IPV6, sensor proliferation, cloud computing, Big Data, and faster communication standards such as 4G-LTE and beyond.
This report focuses on the in-depth segmentation of IIoT market by the different type of technology, component, industry vertical, application, and geography. The different types of applications covered are power generation systems, security and access controls, temperature controls, pressure and leakage controls, and vibration controls. The report also covers the major trends being followed in the IIoT market along with, market dynamics, porter's analysis and value chain analysis. The market dynamics are categorized under four headers: drivers, restraints, opportunities, and challenges. Market forecasts have been done using these market dynamics. The market is also mapped against geography. The IIoT market by geography is segmented by various economic regions such as Americas, Europe, APAC, and RoW.
This industrial Internet of Things (IIoT) market research gives detailed profiles of various companies currently, active in this market. In addition to the company profiles, the report provides a competitive landscape (CL) of the key players in the market. The CL covers market share analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and other key growth strategies of each player. Some of the key players in the industry that have been mentioned in this report are Intel (U.S.), Cisco (U.S.), General Electric (GE) (U.S.), AT&T (U.S.), Freescale Semiconductor (U.S.), Echelon (U.S.), IBM (U.S.), Qualcomm (U.S.), ARM Holdings PLC., Broadcom Corporation, CGI Group, Inc., Gainspan Corporation, PTC Inc., Real Time Innovations, Robert Bosch Gmbh, Rockwell Automation, Inc. and Zebra Technologies Corporation.
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