Industrial IoT (IIoT) Market

Industrial IoT (IIoT) Market by Device & Technology (Sensor, RFID, Industrial Robotics, DCS, Condition Monitoring, Networking Technology), Connectivity (Wired, Wireless, Field Technology), Software (PLM, MES, SCADA), Vertical, Region - Global Forecast to 2025

Report Code: SE 2909 Mar, 2020, by marketsandmarkets.com
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[186 Pages Report] The IIoT market is expected to grow from USD 77.3 billion in 2020 to USD 110.6 billion by 2025, at a CAGR of 7.4% during the forecast period. The growth of the IIoT industry is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.

Industrial IoT Market

Networking technology to dominate the IIoT Market

Networking technologies accounted for the largest market share in 2019. Networking technologies, especially wireless technology, are the backbone of IIoT. Numerous machines and sensor nodes are connected to the Internet using these technologies to facilitate machine-to-machine communication. These technologies also enable the collection of large volumes of data for improved decision-making. An extensive range of wireless communication technologies are available based on connectivity range, power requirements, and data transfer rates. The industrial sector is relying increasingly on cellular technologies for machine-to-machine communication.

The IIoT market of farm management systems to grow at the highest CAGR during the forecast period

The demand for farm management software is expected to grow at the highest CAGR during the forecast period. Increasing adoption of precision farming globally is expected to drive the growth of the farm management systems. Precision farming helps farmers make decisions that were not possible to analyze and interpret due to the lack of collected data without using effective tools. Software used by farm management systems allows cultivators to use the data collected over the years to create formula-based prescriptions, analyze the average yield data, create profit maps, and import soil test results.

Industrial IoT Market

APAC to hold the largest share of the IIoT market in 2019

APAC to hold the largest share of the market, in terms of value, in 2019. Asia Pacific is a major hub for industrial manufacturing and has become a global focal point for significant investments and business expansions. The growing population, rising investments for R&D activities, and the increasing focus of international and domestic IT companies on the growth of big data analytics and cloud-based services in the region are expected to drive the growth of this market.

Key Market Players

The major players in the global IIoT market are ARM holding (UK), Cisco (US), GE (US) Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Dassault Systθmes (France), Honeywell (US), Huawei Technologies (China), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and PTC (US).

GE (US) is a leading provider of industrial equipment used in sectors such as oil & gas, energy, aviation, transportation, and healthcare. The company has expanded its offerings from industrial equipment to data analytics with the development of the Predix platform. Its recent product launches are focused on this platform. Predix assists GE to monitor most of its industrial systems remotely, gather performance data, and predict their maintenance cycles and potential failures. This data will also be useful in understanding how the systems are being utilized in industries and in developing their improved versions. GE’s presence in a large number of industrial sectors and global markets enables the company to generate regular service revenue streams from its asset monitoring and predictive analytical tools. The company is taking several steps to project its Predix platform as an ideal industrial solution. For instance, it acquired Wurldtech Security Technologies (Canada) to secure Predix and make it available on the cloud to encourage developers to create new applications for the platform.

Cisco (US) is a leader in the global enterprise networking and communications market; it is, thus, a leading player in the IIoT market. IoT is the center of Cisco’s business strategy. Cisco’s IoT business strategy combines the company’s Cloud strategy with data center analytics, mobile, collaboration endpoints, and connected security solutions. The focus of its business is on sustaining and extending its leadership position in routing and switching by investing more in ongoing innovations and expanding in new markets such as smart grids, smart connected communities, virtual healthcare, education, media solutions, and sports and entertainment. The company focuses on investing in its flagship businesses and compliments these businesses by making strategic acquisitions in next-generation growth opportunities in niche technologies. For instance, in 2019, Cisco acquired privately-held Voicea (Mountain View, CA, US), the creator of a market-leading real-time solution that provides meeting transcription, voice search, and meeting highlights/action items, with robust data privacy. With Voicea technology, Cisco plans to enhance its Webex portfolio of products with a powerful transcription service that blends AI and Automated Speech Recognition (ASR).

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD Million/ Billion)

Segments covered

Device & Technology, Software, Connectivity, Vertical, and Geography

Geographic regions covered

North America,  Europe, APAC and RoW

Companies covered

ARM (UK), Cisco (US), GE (US) Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Dassault Systθmes (France), Honeywell (US), Huawei Technologies (China), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and PTC (US)

This report categorizes the global IIoT market based on device & technology, software, connectivity, vertical, and geography.

By Device & Technology:

  • Sensors
  • RFID
  • Industrial Robotics
  • Distributed Control System
  • Condition Monitoring
  • Smart Meters
  • Smart Beacon
  • Yield Monitoring
  • Electronic Shelf Label
  • Cameras
  • Guidance & Steering
  • GPS/GNSS
  • Interface Board
  • Flow & Application Control Device
  • Networking Technology

By Software:

  • PLM
  • MES
  • SCADA
  • Outage Management System
  • Distribution Management System
  • Visualization Software
  • Transit Management Systems
  • Retail Management Software
  •  Remote Patient Monitoring
  • Farm Management System

By Connectivity:

  • Wired technology
    • Ethernet
    • Modbus
    • Profinet
    • Foundation Fieldbus
  • Wireless technology
    • Wi-Fi
    • Zigbee
    • Bluetooth
    • Cellular technologies
    • Satellite technologies
  • Field technology
    • Profibus
    • Modbus-RTU
    • CC-Link

By Vertical:

  • Manufacturing
  • Energy
  • Oil &Gas
  • Metal & Mining
  • Healthcare
  • Retail
  • Transportation
  • Agriculture

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • RoW
    • South America
    • Middle East
    • Africa
  • Competitive Leadership mapping
    • Visionary leaders
    • Dynamic Differentiator
    • Innovators
    • Emerging Companies
  • Business Strategy Excellence
  • Strength of Product Portfolio
  • Competitive Situation and Trends
    • Product Launches
    • Partnership, collaboration, and agreements
    • Merger and Acquisition
    • Expansions  
    • Company Profiles: Detailed analysis of the major companies present in the IIoT market.

Key Questions Addressed in the Report

  • How big is the opportunity for the IIoT market? How rising adoption of smart beacons technology can help grasp this opportunity?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • Who are the major players operating in the IIoT market? Which companies are the front runners?
  • With the rise in demand for IIoT based solutions, what are the opportunities for players now and for those planning to enter various stages of the value chain?
  • How will the rapid growth in agriculture vertical impact the growth rate of the overall IIoT market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst



Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Analysis of Average Selling Prices of Different Types of Sensors
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Size Using Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 42)
    4.1 Significant Growth Prospects for IIoT Market
    4.2 IIoT Market, By Vertical
    4.3 IIoT Market in APAC, By Vertical & Country, 2019
    4.4 IIoT Market, By Geography

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Technological Advancements in Semiconductor and Electronic Devices
                    5.2.1.2 Increased Use of Cloud Computing Platforms
                    5.2.1.3 Standardization of IPV6
                    5.2.1.4 Support From Governments of Different Countries for R&D Activities Related to IIoT
                    5.2.1.5 Decreased Costs of Automation Systems
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardization in Communication Protocols
                    5.2.2.2 Incompatibility of Legacy Equipment With Communication Networks
                    5.2.2.3 Lack of Skilled Workforce
           5.2.3 Opportunities
                    5.2.3.1 Predictive Maintenance of Machinery
                    5.2.3.2 Increase in Number of Data Centers
                    5.2.3.3 Requirement of Innovative Cross-Domain Expertise and Collaborations for Development of Comprehensive Systems and Solutions
           5.2.4 Challenges
                    5.2.4.1 Data Security and Privacy Breaches
                    5.2.4.2 Maintenance and Updation of IIoT Systems

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Emerging Trends
           6.3.1 Digital Twin Technology
           6.3.2 Edge Computing Technology
           6.3.3 Mqtt Protocol

7 IIoT Market, By Device & Technology (Page No. - 53)
    7.1 Introduction
    7.2 Sensors
           7.2.1 Emergence of Sensors as Most Important Part of IIoT Ecosystem
    7.3 RFID
           7.3.1 Growth in Adoption of RFID Technology in Manufacturing, Retail, and Healthcare Industries
    7.4 Industrial Robotics
           7.4.1 Industrial Robotics Expected to Revolutionize Different Manufacturing Processes
    7.5 Distributed Control Systems (DCS)
           7.5.1 Rise in Use of DCS for Regulatory Controls in Manufacturing Industry
    7.6 Condition Monitoring
           7.6.1 Increase in Demand for Condition Monitoring to Ensure Proper and Uninterrupted Functioning of Industrial Machinery
    7.7 Smart Meters
           7.7.1 Surge in Adoption of Smart Meters in Domestic and Commercial Applications
    7.8 Electronic Shelf Labels (ESL)
           7.8.1 Growth in Use of ESL in Retail Stores for Price Automation and Product Information Display
    7.9 Cameras
           7.9.1 Increase in Adoption of Cameras for Security and Surveillance Applications
    7.10 Smart Beacons
           7.10.1 Rise in Use of Smart Beacons in Retail Vertical
    7.11 Interface Boards
           7.11.1 Interface Boards Power Various Nodes of Intelligent Transportation Systems in Transportation Vertical
           7.11.2 Multifunctional Boards
           7.11.3 Vehicle Detection Boards
           7.11.4 Communication Boards
    7.12 Yield Monitors
           7.12.1 Yield Monitors Record Site-Specific Yield Data Significant for Agriculturists
    7.13 Guidance & Steering
           7.13.1 Increase in Use of Guidance & Steering Systems in Precision Farming
    7.14 GPS/GNSS
           7.14.1 Increase in Use of GPS/GNSS for Effective Navigation of Vehicles
    7.15 Flow & Application Control Devices
           7.15.1 Increase in Use of Flow & Application Control Devices in Variable Rate Applications
    7.16 Networking Technology
           7.16.1 Numerous Machines and Sensor Nodes Connected to Internet Using Networking Technologies

8 Connectivity Types of IIoT (Page No. - 64)
    8.1 Introduction
    8.2 Wired Technologies
           8.2.1 Ethernet
           8.2.2 Modbus
           8.2.3 Profinet
           8.2.4 Foundation Fieldbus
    8.3 Wireless Technologies
           8.3.1 Wi-Fi
           8.3.2 Zigbee
           8.3.3 Bluetooth
           8.3.4 Cellular Technologies
           8.3.5 Satellite Technologies
    8.4 Field Technologies
           8.4.1 Profibus
           8.4.2 Modbus RTU
           8.4.3 CC-Link

9 IIoT Market, By Software (Page No. - 69)
    9.1 Introduction
    9.2 Product Lifecycle Management (PLM)
           9.2.1 PLM Enables Effective Development and Installation of Products
    9.3 Manufacturing Execution Systems (MES)
           9.3.1 MES Help Production Plants With Materials, Orders, and Production Management Functionalities
    9.4 Scada
           9.4.1 Scada Helps in Maintaining Staff, Operators, and Engineers for Effectively Controlling Different Industrial Operations
    9.5 Outage Management Systems (OMS)
           9.5.1 OMS Enable Electric Utilities to Manage Their Power Outages Effectively and Improve Their Response Time
    9.6 Distribution Management Systems
           9.6.1 Dms Facilitate Effective Management of Electricity Distribution Networks
    9.7 Remote Patient Monitoring
           9.7.1 Remote Patient Monitoring Reduces Instances of Hospitalizations, Readmissions, and Hospital Stays
    9.8 Retail Management Software
           9.8.1 Retail Management Software Helps in Planning and Redesigning Business Strategies According to Prevailing Market Scenario
    9.9 Visualization Software
           9.9.1 Visualization Software Offers Real-Time Videos and Data Related to Traffic
    9.10 Transit Management Systems
           9.10.1 Transit Management Systems Provide Accurate Information Pertaining to Location and Performance of Vehicles
    9.11 Farm Management Systems
           9.11.1 Farm Management Systems Comprise Software and Services Used for Precision Farming

10 IIoT Market, By Vertical (Page No. - 76)
     10.1 Introduction
     10.2 Manufacturing
             10.2.1 Automotive
                        10.2.1.1 Emerging IoT Solutions Such as Connected Cars, Connected Logistics, and Connected Fleet Facilitate Real-Time Data Management
             10.2.2 Machinery
                        10.2.2.1 Rising Use of IIoT Solutions and Sensors to Monitor and Adjust Performance of Production Machinery
             10.2.3 Food & Beverages
                        10.2.3.1 Growing Adoption of IIoT Solutions and Analytics By Food & Beverage Companies to Improve Their Operational Efficiency
             10.2.4 Chemicals & Materials
                        10.2.4.1 Rising Demand for IIoT Solutions and Predictive Analytics From Chemicals & Materials Industry to Maintain Desired Quality Standards of Products
             10.2.5 Electrical & Electronics
                        10.2.5.1 Integrating IIoT Data With Back-End Systems Used for Manufacturing Electrical & Electronic Equipment Results in High-Performance Products
             10.2.6 Pharmaceuticals
                        10.2.6.1 Rising Use of IIoT Solutions for Packing and Delivering Pharmaceuticals
     10.3 Energy
             10.3.1 Smart Grids
                        10.3.1.1 Growing Demand for Uninterrupted Power Supply Leading to Increasing Deployment of Smart Grids
     10.4 Oil & Gas
     10.5 Metals & Mining
     10.6 Healthcare
     10.7 Retail
             10.7.1 Point-Of-Sales (PoS)
                        10.7.1.1 Changing Customer Requirements Supplement the Demand for PoS Terminals
                        10.7.1.2 Interactive Kiosks
                                     10.7.1.2.1 Rising Demand for Interactive Kiosks to Improve Overall Customer Experience
                        10.7.1.3 Self-Checkout Systems
                                     10.7.1.3.1 Growing Demand for Self-Checkout Systems in Developed Economies
     10.8 Transportation
             10.8.1 Intelligent Signaling
                        10.8.1.1 Growing Demand for Intelligent Signaling to Drive Growth of Market for Transportation IIoT Solutions
             10.8.2 Video Analytics
                        10.8.2.1 Increasing Demand for Smart Surveillance to Fuel Growth of Market for Video Analytics
             10.8.3 Incident Detection
                        10.8.3.1 Growing Deployment of Incident Detection Systems to Monitor and Detect Locations of Incidents
             10.8.4 Route Scheduling Guidance
                        10.8.4.1 Increasing Adoption of Real-Time Traffic Analytics to Drive the Demand for Route Scheduling Guidance
     10.9 Agriculture
             10.9.1 Precision Farming
                        10.9.1.1 Growing Adoption of Precision Farming Globally to Increase Agricultural Productivity
             10.9.2 Livestock Monitoring
                        10.9.2.1 Increasing Use of Remote Sensing and Connected Technologies for Livestock Monitoring
             10.9.3 Smart Greenhouses
                        10.9.3.1 Rising Adoption of Smart Greenhouses Across the World
             10.9.4 Fish Farming
                        10.9.4.1 Surging Use of IIoT Solutions in Effective Monitoring of Fish Farms

11 Geographic Analysis (Page No. - 120)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Presence of Major IoT Solution Providers and Significant Government Support in US to Drive Adoption of IIoT Solutions in Different Sectors
             11.2.2 Canada
                        11.2.2.1 Increase in Investments for Development and Adoption of IoT Technology in Critical Applications in Canada
             11.2.3 Mexico
                        11.2.3.1 Evolution of Mexico as Industrial Hub in North America to Lead to Adoption of IIoT Solutions in Country
     11.3 Europe
             11.3.1 UK
                        11.3.1.1 Increase in Adoption of IoT Solutions in Energy Vertical to Drive Growth of Market in UK
             11.3.2 Germany
                        11.3.2.1 Surge in Deployment of IoT Technology in Automotive Sector to Fuel Growth of Market in Germany
             11.3.3 France
                        11.3.3.1 Increase in Adoption of Smart Manufacturing to Lead to Growth of Market in France
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 China
                        11.4.1.1 Increase in Deployment of IoT Solutions in Country to Drive Growth of Market in China
             11.4.2 Japan
                        11.4.2.1 Rise in Adoption of IIoT Solutions to Improve Productivity of Industries and Enable Their Process Optimization to Contribute to Growth of Market in Japan
             11.4.3 India
                        11.4.3.1 Large-Scale Industrial Development in India to Lead to Growth of Market in Country
             11.4.4 Rest of APAC
     11.5 RoW
             11.5.1 South America
                        11.5.1.1 Increased Focus on Connectivity and Networking Technologies in South America to Fuel Growth of Market in Region
             11.5.2 Middle East
                        11.5.2.1 Rise in Demand for IIoT Solutions From the Oil & Gas Vertical and Smart Cities to Contribute to Growth of Market in Middle East
             11.5.3 Africa
                        11.5.3.1 Surge in Demand for IoT Solutions From Mining to Drive Growth of Market in Africa

12 Competitive Landscape (Page No. - 135)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Leadership Mapping (Overall Market)
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Business Strategy Excellence (For All 25 Players)
     12.5 Strength of Product Portfolio (For All 25 Players)
     12.6 Competitive Situation and Trends
             12.6.1 Product Launches
             12.6.2 Partnerships, Collaborations, and Agreements
             12.6.3 Mergers and Acquisitions
             12.6.4 Expansions

13 Company Profiles (Page No. - 145)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Key Players
             13.1.1 Cisco
             13.1.2 GE
             13.1.3 Honeywell
             13.1.4 Intel
             13.1.5 IBM
             13.1.6 ABB
             13.1.7 Rockwell Automation
             13.1.8 Siemens
             13.1.9 Kuka
             13.1.10 Texas Instruments
     13.2 Other Key Players
             13.2.1 ARM Holding
             13.2.2 PTC
             13.2.3 Dasault Systemes
             13.2.4 SAP
             13.2.5 Huawei
             13.2.6 Sigfox
             13.2.7 Bosch.Io
             13.2.8 NEC
             13.2.9 Ansys
             13.2.10 Worldsensing SL

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 180)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (95 Tables)

Table 1 Key Industry Alliances and Consortiums for IoT Data
Table 2 Assumptions for Research Study
Table 3 IIoT Market, 2017–2025 (USD Billion)
Table 4 IIoT Market, By Device & Technology, 2017–2025 (USD Billion)
Table 5 IIoT Market, By Software, 2017–2025 (USD Billion)
Table 6 IIoT Market, By Vertical, 2017–2025 (USD Billion)
Table 7 IIoT Market for Manufacturing, 2017–2025 (USD Billion)
Table 8 IIoT Market for Manufacturing, By Region, 2017–2025 (USD Billion)
Table 9 IIoT Market for Manufacturing, By Device & Technology, 2017–2025 (USD Billion)
Table 10 IIoT Market for Manufacturing, By Software, 2017–2025 (USD Billion)
Table 11 IIoT Sensors Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 12 IIoT RFID Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 13 IIoT Industrial Robotics Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 14 IIoT DCS Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 15 IIoT Condition Monitoring Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 16 IIoT Networking Technology Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 17 IIoT PLM Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 18 IIoT MES Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 19 IIoT Scada Market for Manufacturing, By Region, 2017–2025 (USD Million)
Table 20 IIoT Market for Energy, 2017–2025 (USD Billion)
Table 21 IIoT Market for Energy, By Region, 2017–2025 (USD Billion)
Table 22 IIoT Market for Energy, By Device & Technology, 2017–2025 (USD Billion)
Table 23 IIoT Market for Energy, By Software, 2017–2025 (USD Billion)
Table 24 IIoT Sensors Market for Energy, By Region, 2017–2025 (USD Million)
Table 25 IIoT Smart Meters Market for Energy, By Region, 2017–2025 (USD Million)
Table 26 IIoT Networking Technology Market for Energy, By Region, 2017–2025 (USD Million)
Table 27 IIoT OMS Market for Energy, By Region, 2017–2025 (USD Million)
Table 28 IIoT Dms Market for Energy, By Region, 2017–2025 (USD Million)
Table 29 IIoT Market for Oil & Gas, 2017–2025 (USD Billion)
Table 30 IIoT Market for Oil & Gas, By Region, 2017–2025 (USD Billion)
Table 31 IIoT Market for Oil & Gas, By Device & Technology, 2017–2025 (USD Billion)
Table 32 IIoT Sensors Market for Oil & Gas, By Region, 2017–2025 (USD Million)
Table 33 IIoT DCS Market for Oil & Gas, By Region, 2017–2025 (USD Million)
Table 34 IIoT Condition Monitoring Market for Oil & Gas, By Region, 2017–2025 (USD Million)
Table 35 IIoT Networking Technology Market for Oil & Gas, By Region, 2017–2025 (USD Million)
Table 36 IIoT Scada Market for Oil & Gas, By Region, 2017–2025 (USD Million)
Table 37 IIoT Market for Metals & Mining, 2017–2025 (USD Billion)
Table 38 IIoT Market for Metals & Mining, By Region, 2017–2025 (USD Billion)
Table 39 IIoT Market for Metals & Mining, By Device & Technology, 2017–2025 (USD Billion)
Table 40 IIoT Sensors Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 41 IIoT Industrial Robotics Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 42 IIoT DCS Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 43 IIoT Condition Monitoring Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 44 IIoT Networking Technology Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 45 IIoT Scada Market for Metals & Mining, By Region, 2017–2025 (USD Million)
Table 46 IIoT Market for Healthcare, 2017–2025 (USD Billion)
Table 47 IIoT Market for Healthcare, By Region, 2017–2025 (USD Billion)
Table 48 IIoT Market for Healthcare, By Device & Technology, 2017–2025 (USD Billion)
Table 49 IIoT Sensors Market for Healthcare, By Region, 2017–2025 (USD Million)
Table 50 IIoT RFID Market for Healthcare, By Region, 2017–2025 (USD Million)
Table 51 IIoT Networking Technology Market for Healthcare, By Region, 2017–2025 (USD Million)
Table 52 IIoT Remote Patient Monitoring Market for Healthcare, By Region, 2017–2025 (USD Million)
Table 53 IIoT Market for Retail, 2017–2025 (USD Billion)
Table 54 IIoT Market for Retail, By Region, 2017–2025 (USD Billion)
Table 55 IIoT Market for Retail, By Device & Technology, 2017–2025 (USD Billion)
Table 56 IIoT Sensors Market for Retail, By Region, 2017–2025 (USD Million)
Table 57 IIoT RFID Market for Retail, By Region, 2017–2025 (USD Million)
Table 58 IIoT ESL Market for Retail, By Region, 2017–2025 (USD Million)
Table 59 IIoT Cameras Market for Retail, By Region, 2017–2025 (USD Million)
Table 60 IIoT Smart Beacons Market for Retail, By Region, 2017–2025 (USD Million)
Table 61 IIoT Networking Technology Market for Retail, By Region, 2017–2025 (USD Million)
Table 62 IIoT Retail Management Software Market for Retail, By Region, 2017–2025 (USD Million)
Table 63 IIoT Market for Transportation, 2017–2025 (USD Billion)
Table 64 IIoT Market for Transportation, By Region, 2017–2025 (USD Billion)
Table 65 IIoT Market for Transportation, By Device & Technology, 2017–2025 (USD Billion)
Table 66 IIoT Market for Transportation, By Software, 2017–2025 (USD Billion)
Table 67 IIoT Sensors Market for Transportation, By Region, 2017–2025 (USD Million)
Table 68 IIoT Interface Boards Market for Transportation, By Region, 2017–2025 (USD Million)
Table 69 IIoT Cameras Market for Transportation, By Region, 2017–2025 (USD Million)
Table 70 IIoT Networking Technology Market for Transportation, By Region, 2017–2025 (USD Million)
Table 71 IIoT Visualization Software Market for Transportation, By Region, 2017–2025 (USD Million)
Table 72 IIoT Transit Management Systems Market for Transportation, By Region, 2017–2025 (USD Million)
Table 73 IIoT Market for Agriculture, 2017–2025 (USD Billion)
Table 74 IIoT Market for Agriculture, By Region, 2017–2025 (USD Billion)
Table 75 IIoT Market for Agriculture, By Device & Technology, 2017–2025 (USD Billion)
Table 76 IIoT Sensors Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 77 IIoT Yield Monitors Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 78 IIoT Guidance & Steering Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 79 IIoT GPS/GNSS Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 80 IIoT Flow & Application Control Devices Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 81 IIoT Network Technology Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 82 IIoT Farm Management Systems Market for Agriculture, By Region, 2017–2025 (USD Million)
Table 83 IIoT Market, By Region, 2017–2025 (USD Billion)
Table 84 IIoT Market in North America, By Vertical, 2017–2025 (USD Billion)
Table 85 IIoT Market in North America, By Country, 2017–2025 (USD Billion)
Table 86 IIoT Market in Europe, By Vertical, 2017–2025 (USD Billion)
Table 87 IIoT Market in Europe, By Country, 2017–2025 (USD Billion)
Table 88 IIoT Market in APAC, By Vertical, 2017–2025 (USD Billion)
Table 89 IIoT Market in APAC, By Country, 2017–2025 (USD Billion)
Table 90 IIoT Market in RoW, By Vertical, 2017–2025 (USD Billion)
Table 91 IIoT Market in RoW, By Region, 2017–2025 (USD Billion)
Table 92 Product Launches, 2017–2019
Table 93 Partnerships, Collaborations, and Agreements, 2017–2019
Table 94 Mergers and Acquisitions, 2017–2019
Table 95 Expansions, 2017–2019


List of Figures (49 Figures)

Figure 1 Exhaustive Research Consideration for IoT Ecosystem
Figure 2 Process Flow of IIoT Market Size Estimation
Figure 3 Research Design: IIoT Market
Figure 4 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 5 Market Size Estimation Meth0dology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Device & Technology Segment to Hold Large Size of IIoT Market From 2020 to 2025
Figure 8 Manufacturing Vertical Segment to Hold Largest Size of IIoT Market From 2020 to 2025
Figure 9 Retail and Agriculture Vertical Segments to Grow at High CAGR From 2020 to 2025
Figure 10 Networking Technology Segment to Account for Largest Size of IIoT Market From 2020 to 2025
Figure 11 MES Segment to Account for Largest Size of IIoT Market From 2020 to 2025
Figure 12 APAC Accounted for Largest Share of IIoT Market in 2019
Figure 13 Attractive Growth Opportunities for IIoT Market From 2020 to 2025
Figure 14 Manufacturing Segment to Account for Largest Size of IIoT Market From 2020 to 2025
Figure 15 Manufacturing Segment and China Accounted for Largest Shares of IIoT Market in APAC in 2019
Figure 16 US Accounted for Largest Share of IIoT Market in 2019
Figure 17 Technological Advancements in Semiconductor and Electronic Devices to Drive Growth of IIoT Market
Figure 18 Advancements in Computing Power of Devices From 1900 to 2024
Figure 19 Adoption of IPV6 Across Various Regions
Figure 20 Value Chain Analysis: IIoT Market
Figure 21 IIoT Market, By Software, 2020 & 2025 (USD Billion)
Figure 22 Manufacturing Segment to Hold Largest Size of IIoT Market From 2020 to 2025
Figure 23 Industrial Robotics Segment to Hold Largest Size of IIoT Market for Manufacturing From 2020 to 2025
Figure 24 APAC Projected to Hold Largest Size of IIoT Market for Energy in 2025
Figure 25 DCS Segment to Hold Largest Size of IIoT Market for Oil & Gas From 2020 to 2025
Figure 26 APAC to Hold Largest Size of IIoT Market for Metals & Mining From 2020 to 2025
Figure 27 Networking Technology Segment to Hold Largest Size of IIoT Market for Healthcare From 2020 to 2025
Figure 28 North America to Hold Largest Size of IIoT Market for Retail in 2020
Figure 29 Cameras to Hold Largest Size of IIoT Market for Transportation From 2020 to 2025
Figure 30 North America to Hold Largest Size of IIoT Market for Agriculture in 2020
Figure 31 Geographic Snapshot of IIoT Market, 2019
Figure 32 Attractive Growth Opportunities for IIoT Market in Various Verticals in 4 Major Regions
Figure 33 Snapshot of IIoT Market in North America
Figure 34 Snapshot of IIoT Market in Europe
Figure 35 Snapshot of IIoT Market in APAC
Figure 36 Snapshot of IIoT Market in RoW
Figure 37 Growth Strategies Adopted By Companies in IIoT Market From 2017 to 2019
Figure 38 IIoT Market Ranking, 2019
Figure 39 IIoT Market (Global) Competitive Leadership Mapping, 2019
Figure 40 Cisco: Company Snapshot
Figure 41 GE: Company Snapshot
Figure 42 Honeywell: Company Snapshot
Figure 43 Intel: Company Snapshot
Figure 44 IBM: Company Snapshot
Figure 45 ABB LTD: Company Snapshot
Figure 46 Rockwell Automation: Company Snapshot
Figure 47 Siemens: Company Snapshot
Figure 48 Kuka: Company Snapshot
Figure 49 Texas Instruments: Company Snapshot

The study involved four major activities in estimating the current size of the global IIoT market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports, press releases, investor presentations, white papers, journals & certified publications, and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market and technology oriented perspectives.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the IIoT market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: Americas, EMEA, and APAC. Approximately 80% and 20% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.

Industrial IoT Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the IIoT market and other dependent submarkets. The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the IIoT market.

Data Triangulation

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Report Objectives

  • To define, describe, segment, and forecast the Industrial Internet of Things (IIoT) market based on device & technology, software, vertical, and region
  • To forecast the market size, in terms of value, of various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the IIoT market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies2, along with detailed competitive landscape for the market leaders
  • To study the complete value chain and allied industry segments pertaining to the IIoT market
  • To analyze strategic developments such as mergers & acquisitions, product launch, partnerships, collaboration and agreements and expansions undertaken in the IIoT market
  • To analyze the competitive landscape in the market based on the profiles of key players, growth  strategies adopted by them, and recent developments undertaken by them in the IIoT market

Available Customizations

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

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 2909
Published ON
Mar, 2020
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