Analysis of the Global Market of the Industrial IoT (2018-2023)

by | Apr 15, 2019 | IoT News

The global market of the Industrial Internet of Things is usually segmented by both wired as well as wireless technology along with retail, Finance, manufacturing and transportation type of industry.

According to the global report on the Industrial Internet of Things market, the complete research tells about the leading manufacturers, dynamics of the market, key developments as well as SWOT analysis for the Key Players. By the looks of it, the IIoT will be registering a compound annual growth rate of 14.36 per cent during the years 2018 to 2023.

The market report of the Industrial Internet of Things uncovers the names of leading manufacturers such as: ARM Holdings PLC, CGI Group Inc., GainSpan Corporation, Atmel Corporation, Oracle Corporation, Robert Bosch GmbH, IBM Corporation, Datalogic Holding Inc., Honeywell Automation, SAP SE, General Electric Company, Broadcom Corporation, Freescale Semiconductor Inc., PTC Inc., Axeda Corporation, Real Time Innovations, Zebra Technologies, IBM Corporation, Datalogic Holding Inc., Siemens, and Emerson Electric Co.

The global market value of the Industrial Internet of Things in the year 2017 was estimated to be $312.79 billion. By the looks of it, the market value will reach $700.38 billion by the time the world progress to 2023. The scope of the recent study also states on the spending of the software, hardware, services, as well as connectivity.

The Industrial Internet of Things has created a revolution, and in turn, technology is changing the way people live and work. Most of the companies have also begun exploiting the opportunities that come from the Industrial Internet of Things such as Big Data. By the looks of it, the number of Internet of Things devices are going to multiply the tens of the billion devices in the foreseeable future. The Industrial Internet of Thing will increase operational efficiency alongside innovation and revenue sources. The future is here.

**This post was published on

Neelam Dimri

A post graduate and gold medalist in English literature with a great passion for writing. I am an avid blogger and love to write technical and nontechnical Articles, Blogs, e-books, the latest platform of global interest. I firmly believe in the healing power of writing and how it works fantastically to improve one’s creativity as well as personality. Life is too short to express yourself so, keep writing and enjoying.