Industrial Internet of Things Market worth US$ 792.0 Billion 2029 with a CAGR of 26.0 %
Global industrial internet of things market is
projected to grow from US$ 99.0 billion in 2020 to US$ 792.0 billion by
2030. Global industrial internet of things market is driven by growing usage of
industrial internet of things owing to affordability and availability of
sensors and processors. Enterprises
provide better internet of things services to various industry verticals due to
implementation of cloud. This provides opportunity for the growth of the global
industrial internet of things market.
The report “Global Industrial Internet of
Things Market, By Component (Hardware, Sensors, Software, Services (System
Integration, Consulting Services, and Support and Maintenance Services), and
Connectivity), By Application (Manufacturing, Energy & Power, Oil &
Gas, Healthcare, Logistics & Transport, Agriculture, and Others (Retail,
Metals & Mining)), and Region - Global Forecast to 2029"
Key Highlights:
·
In
December 2018, General Electric company announced that it establishes a new,
independent company focused on building a comprehensive Industrial Internet of
Things software portfolio. The company will start with US$1.2 Bn in annual
software revenue and an existing global industrial customer base.
Key Market Insights from the
report:
The global industrial internet of things market
accounted for US$ 99.0 billion in 2020 and is projected to register a
moderate CAGR of 26.0% over the forecast period. The market report has been
segmented on the basis of component, application, and region.
·
By
component, the global industrial internet of things market is segmented into
hardware, sensors, services, software and connectivity. The service segment is
sub-segmented into system integration, consulting services, and support and
maintenance services.
·
By
application, the global industrial internet of things market is segmented into
manufacturing, energy & power, oil & gas, healthcare, logistics &
transport, agriculture, and others.
·
By
region, North America region estimated to account major share in global
industrial internet of things market due to increasing awareness about benefits
of using industrial internet of things among people.
Browse 60
market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Industrial Internet of Things Market”, By
Component (Hardware, Sensors, Software, Services (System Integration,
Consulting Services, and Support and Maintenance Services), and Connectivity),
By Application (Manufacturing, Energy & Power, Oil & Gas, Healthcare,
Logistics & Transport, Agriculture, and Others (Retail, Metals &
Mining)), and By region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa) - forecast till 2029
To know the upcoming trends and insights prevalent in this market,
click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Industrial-Internet-of-Things-771
The prominent players operating in the global industrial internet
of things market includes Arm Limited, Cisco Systems, Inc., General Electric
Company, Intel Corporation, Rockwell Automation, Inc., ABB Ltd., Texas
Instruments Incorporated, Dassault Systèmes, Honeywell International Inc., and
Huawei Technology Co., Ltd.
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