Germany Industrial IoT Market (2024-2029)

RESEARCH METHODOLOGY

The study involved four major activities in estimating the current size of the industrial IoT market-exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include high-speed data converter technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the industrial IoT market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

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Market Size Estimation

In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial IoT market and other dependent submarkets listed in this report.

• Extensive secondary research has identified key players in the industry and market.
• In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.  
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Industrial Iot Market: Bottom-Up Approach

Industrial Iot Market: Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.

Market Definition

Industrial Internet of Things (IIoT) can be defined as an environment wherein complex industrial systems are networked together in a way that their sensor data is transmitted over the Internet for remote monitoring and performance analysis. In this research study, the IIoT market has been analyzed for the manufacturing, energy, oil & gas, metals & mining, transportation, healthcare, retail, and agriculture verticals. Sensors and networking technologies are the key IIoT enablers in each of these verticals.

Key Stakeholders

• Semiconductor component manufacturers and distributors
• Industrial automation equipment providers
• Semiconductor component providers
• Companies providing wired and wireless connectivity services
• Software application and platform providers
• Data analytics and cloud computing solution providers
• Original design manufacturers (ODM) and original equipment manufacturers (OEM) providing technology solutions
• Intellectual property (IP) core and license providers
• Research organizations and consulting companies
• Government bodies, such as regulating authorities and policymakers
• Venture capitalists and private equity firms
• Associations, organizations, and alliances related to IIoT
• End users of IIoT solutions across different verticals

Report Objectives

The following are the primary objectives of the study.

• To forecast the size of the industrial IoT market, in terms of value, based on offering, connectivity technology, deployment, vertical, and region
• To define, describe, and forecast the industrial IoT market size, in terms of volume, based on hardware
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To study the complete value chain and related industry segments and conduct a value chain analysis of the industrial IoT market landscape
• To describe and forecast the market, in terms of value, for various segments across four main regions: North America, Asia Pacific, Europe, and Rest of the World (RoW)
• To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s Five Forces, import and export scenarios for products covered under HS code 903190 trade landscape, and case studies pertaining to the market under study
• To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
• To analyze opportunities for stakeholders by identifying high-growth segments in the market
• To strategically profile the key players and provide a detailed competitive landscape of the industrial IoT market
• To analyze strategic approaches adopted by the leading players in the industrial IoT market, including product launches, recent developments, and acquisitions

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

• Detailed analysis and profiling of additional market players (up to 5)