HOME Top Market Reports IIoT Platform Market by Platform Type (Device Management, Application Management, Connectivity Management), Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking), Vertical, and Region - Global Forecast to 2023

IIoT Platform Market by Platform Type (Device Management, Application Management, Connectivity Management), Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking), Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: October 2018
Report Code: TC 6664

 

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[146 Pages Report] The global IIoT platform market size was USD 2.57 billion in 2017 and is projected to reach USD 13.82 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 33.4% during the forecast period. The base year for this study is 2017, and the forecast period is 2018–2023.

Objectives of the Study:

The key objective of the report is to define, describe, and forecast the IIoT platform market size by platform type, application area, vertical (process industry and discrete industry), and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. It forecasts the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, such as partnerships, agreements, and collaborations; mergers and acquisitions; and new product developments, in the global IIoT market.

The research methodology used to estimate and forecast the IIoT platform market size begins with the collection and analysis of the data on key vendor revenues through secondary sources such as annual reports and press releases; investor presentations of companies; conferences and associations [Internet of Manufacturing Business Conference, Industry of Things World Conference, Connected Industry: IoT Tech Expo, National Association of Manufacturers (NAM), IoT M2M Council (IMC)]; technology journals and certified publications; and articles by recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentations. The bottom-up procedure is employed to arrive at the overall size of the IIoT market from the revenue of key players and their market share.

The IIoT platform market expenditure across all regions, along with the geographic split in various segments, has been considered to arrive at the overall market size. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The figure below depicts the break-up of profiles of primary participants:

IIoT Platform Market

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

The IIoT market consists of vendors providing solutions and services including predictive maintenance, business process optimization, asset tracking and management, and emergency and incident management to commercial clients across the globe.

Major players in the IIoT market include PTC (US), SAP (Germany), IBM (US), Hitachi (Japan), Accenture (US), Atos (France), Altizon (US), Flutura (US), and Oracle (US). These leading companies have adopted new product launches and partnerships, agreements, and collaborations as the key growth strategies to improve their services and provide better solutions and associated services to expand their market reach.

Key Target Audience for IIoT Platform Market

  • Machine-to-Machine (M2M) providers
  • IIoT platform providers
  • Technology providers
  • Public policymakers
  • IIoT infrastructure providers
  • Regulatory agencies
  • Governments

The study answers several questions for stakeholders, primarily, which market segments to focus on in the next 2 to 5 years to help them prioritize efforts and investments.

Scope of the IIoT Platform Market Report

The research report segments the market into the following sub-markets:

Market By Platform Type:

  • Device management platform
  • Application management platform
  • Connectivity management platform

Market By Application Area:

  • Predictive maintenance
  • Business process optimization
  • Asset tracking and management
  • Logistics and supply chain management
  • Real-time workforce tracking and management
  • Automation control and management
  • Emergency & incident management and business communication

By Vertical:

  • Process industry
  • Discrete Industry

By Process Industry:

  • Energy and utilities
  • Chemicals and materials
  • Food and beverages
  • Water and waste management
  • Others (pharmaceuticals, mining and metals, pulp and paper)

By Discrete Industry:

  • Automotive
  • Machine manufacturing
  • Semiconductors and electronics
  • Medical devices
  • Logistics and transportation

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations on IIoT Platform Market Report

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

Geographic Analysis

  • Further breakdown of the North American market into the US and Canada
  • Further breakdown of the European market into the UK, Germany, and France

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the IIoT Platform Market
    4.2 Market Top 3 Application Areas and Regions
    4.3 Market By Platform, 2018
    4.4 Market By Region, 2018–2023
    4.5 Market Investment Scenario

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Predictive and Proactive Maintenance Solutions
                    5.2.1.2 Growing Need for Centralized Monitoring
                    5.2.1.3 Integrating IT and OT
                    5.2.1.4 Rising Adoption of Next-Generation Technologies
           5.2.2 Restraints
                    5.2.2.1 Integration With Legacy Systems
                    5.2.2.2 Lack of Interoperability
           5.2.3 Opportunities
                    5.2.3.1 Growing Need for More Industry 4.0 Solutions
                    5.2.3.2 Increasing Shift of Enterprises Toward Outcome and Pull Economies
           5.2.4 Challenges
                    5.2.4.1 Implementation of IIoT Platforms
                    5.2.4.2 Security Concerns and Privacy Issues
    5.3 Use Cases
    5.4 Industrial Internet of Things Platform Functional Capabilities
           5.4.1 Device Management
           5.4.2 Integration
           5.4.3 Data Management
           5.4.4 Analytics
           5.4.5 Application Enablement and Management
           5.4.6 Security

6 IIoT Platform Market, By Platform Type (Page No. - 42)
    6.1 Introduction
    6.2 Device Management Platform
    6.3 Application Management Platform
    6.4 Connectivity Management Platform

7 Market By Application Area (Page No. - 48)
    7.1 Introduction
    7.2 Predictive Maintenance
    7.3 Business Process Optimization
    7.4 Asset Tracking and Management
    7.5 Logistics and Supply Chain Management
    7.6 Real-Time Workforce Tracking and Management
    7.7 Automation Control and Management
    7.8 Emergency and Incident Management, and Business Communication

8 IIoT Platform Market, By Vertical (Page No. - 57)
    8.1 Introduction
    8.2 Process Industry
           8.2.1 Energy and Utilities
           8.2.2 Chemicals and Materials
           8.2.3 Food and Beverage
           8.2.4 Water and Waste Management
           8.2.5 Others
    8.3 Discrete Industry
           8.3.1 Automotive
           8.3.2 Machine Manufacturing
           8.3.3 Semiconductor and Electronics
           8.3.4 Medical Devices
           8.3.5 Logistics and Transportation

9 IIoT Platform Market, By Region (Page No. - 70)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East and Africa
    9.6 Latin America

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Market Ranking
     10.3 Competitive Scenario
             10.3.1 New Product Launches and Enhancements
             10.3.2 Partnerships, Collaborations, and Agreements
             10.3.3 Mergers and Acquisitions

11 Company Profiles (Page No. - 98)
(Business Overview, Platforms Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 PTC
     11.2 SAP SE
     11.3 Hitachi
     11.4 Accenture
     11.5 IBM
     11.6 Oracle
     11.7 ATOS
     11.8 Altizon
     11.9 QIO Technologies
     11.10 Flutura
     11.11 Software AG
     11.12 General Electric
     11.13 Amazon
     11.14 C3 IoT
     11.15 Davra Networks
     11.16 Cisco
     11.17 Intel
     11.18 AT&T
     11.19 HPE
     11.20 Zebra Technologies
     11.21 Bosch
     11.22 Microsoft
     11.23 Eurotech
     11.24 Siemens
     11.25 Schneider Electric

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

12 Appendix (Page No. - 140)
     12.1 Discussion Guide
     12.2 Knowledge Store: MarketsandMarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (63 Tables)

Table 1 United States Dollar Exchange Rate 2014-17
Table 2 IIoT Platform Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 3 Industrial Use Cases, By Vertical
Table 4 Market Size, By Platform Type, 2016–2023 (USD Million)
Table 5 Device Management Platform: Market Size By Region, 2016–2023 (USD Million)
Table 6 Application Management Platform: Market Size By Region, 2016–2023 (USD Million)
Table 7 Connectivity Management Platform: Market Size By Region, 2016–2023 (USD Million)
Table 8 IIoT Platform Market Size By Application Area, 2016–2023 (USD Million)
Table 9 Predictive Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 10 Business Process Optimization: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Asset Tracking and Management: Market Size By Region, 2016–2023 (USD Million)
Table 12 Logistics and Supply Chain Management: Market Size By Region, 2016–2023 (USD Million)
Table 13 Real-Time Workforce Tracking and Management: Market Size By Region, 2016–2023 (USD Million)
Table 14 Automation Control and Management: Market Size By Region, 2016–2023 (USD Million)
Table 15 Emergency and Incident Management, and Business Communication: Market Size By Region, 2016–2023 (USD Million)
Table 16 IIoT Platform Market Size, By Vertical, 2016–2023 (USD Million)
Table 17 Process Industry: Market Size, By Type, 2016–2023 (USD Million)
Table 18 Energy and Utilities Market Size, By Region, 2016–2023 (USD Million)
Table 19 Chemicals and Materials Market Size, By Region, 2016–2023 (USD Million)
Table 20 Food and Beverage Market Size, By Region, 2016–2023 (USD Million)
Table 21 Water and Waste Management Market Size, By Region, 2016–2023 (USD Million)
Table 22 Others Market Size, By Region, 2016–2023 (USD Million)
Table 23 Discrete Industry: Market Size By Type, 2016–2023 (USD Million)
Table 24 Automotive Market Size, By Region, 2016–2023 (USD Million)
Table 25 Machine Manufacturing Market Size, By Region, 2016–2023 (USD Million)
Table 26 Semiconductor and Electronics Market Size, By Region, 2016–2023 (USD Million)
Table 27 Medical Devices Market Size, By Region, 2016–2023 (USD Million)
Table 28 Logistics and Transportation Market Size, By Region, 2016–2023 (USD Million)
Table 29 IIoT Platform Market Size, By Region, 2016–2023 (USD Million)
Table 30 North America: Market Size By Platform Type, 2016–2023 (USD Million)
Table 31 North America: Market Size By Application Area, 2016–2023 (USD Million)
Table 32 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 33 North America: Market Size By Process Industry, 2016–2023 (USD Million)
Table 34 North America: Market Size By Discrete Industry, 2016–2023 (USD Million)
Table 35 North America: Market Size By Country, 2016–2023 (USD Million)
Table 36 Europe: IIoT Platform Market Size, By Platform Type, 2016–2023 (USD Million)
Table 37 Europe: Market Size, By Application Area, 2016–2023 (USD Million)
Table 38 Europe: Market Size, By Vertical, 2016–2023 (USD Million)
Table 39 Europe: Market Size, By Process Industry, 2016–2023 (USD Million)
Table 40 Europe: Market Size, By Discrete Industry, 2016–2023 (USD Million)
Table 41 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 42 Asia Pacific: IIoT Platform Market Size, By Platform Type, 2016–2023 (USD Million)
Table 43 Asia Pacific: Market Size, By Application Area, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size, By Vertical, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market Size, By Process Industry, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size, By Discrete Industry, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 48 Middle East and Africa: IIoT Platform Market Size, By Platform Type, 2016–2023 (USD Million)
Table 49 Middle East and Africa: Market Size By Application Area, 2016–2023 (USD Million)
Table 50 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 51 Middle East and Africa: Market Size By Process Industry, 2016–2023 (USD Million)
Table 52 Middle East and Africa: Market Size By Discrete Industry, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 54 Latin America: IIoT Platform Market Size, By Platform Type, 2016–2023 (USD Million)
Table 55 Latin America: Market Size By Application Area, 2016–2023 (USD Million)
Table 56 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 57 Latin America: Market Size By Process Industry, 2016–2023 (USD Million)
Table 58 Latin America: Market Size By Discrete Industry, 2016–2023 (USD Million)
Table 59 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 60 Market Ranking for the Industrial Internet of Things Platform Providers, 2018
Table 61 New Product Launches and Enhancements, 2016–2018
Table 62 Partnerships, Collaborations, and Agreements, 2017–2018
Table 63 Mergers and Acquisitions, 2016–2018


List of Figures (65 Figures)

Figure 1 Industrial Internet of Things Platform Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 IIoT Platform Market Assumptions
Figure 8 Market Top 4 Segments, 2018
Figure 9 Market By Region, 2018
Figure 10 Growing Need for More Industry 4.0 Solutions, and Increasing Shift of Enterprises Toward Outcome and Pull Economies are Expected to Drive the Growth of the Global IIoT Platform Market
Figure 11 Asset Tracking and Management Segment, and North America are Estimated to Have the Largest Market Shares in 2018
Figure 12 Device Management Platform Segment is Expected to Hold the Largest Market Size During the Forecast Period
Figure 13 North America is Expected to Hold the Largest Market Size During the Forecast Period
Figure 14 North America is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 15 IIoT Platform Market : Drivers, Restraints, Opportunities, and Challenges
Figure 16 Device Management Platform Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 17 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 19 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Asset Tracking and Management Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 21 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 22 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 Discrete Industry is Expected to Have the Larger Market Size During the Forecast Period
Figure 25 Energy and Utilities Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 26 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 27 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Machine Manufacturing Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 29 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 30 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Asia Pacific is Expected to Be an Attractive Destination for Investments
Figure 33 North America: Market Snapshot
Figure 34 Device Management Platform is Expected to Have the Largest Market Size in North America During the Forecast Period
Figure 35 Application Management Platform is Expected to Have the Highest CAGR in Europe During the Forecast Period
Figure 36 Asia Pacific: Market Snapshot
Figure 37 Device Management Platform is Expected to Have the Largest Market Size in Asia Pacific During the Forecast Period
Figure 38 Application Management Platform is Expected to Have the Highest CAGR in Middle East and Africa During the Forecast Period
Figure 39 Device Management Platform is Expected to Have the Largest Market Size in Latin America During the Forecast Period
Figure 40 Key Developments By the Leading Players in the IIoT Platform Market During 2015–2018
Figure 41 PTC: Company Snapshot
Figure 42 PTC: SWOT Analysis
Figure 43 SAP: Company Snapshot
Figure 44 SAP: SWOT Analysis
Figure 45 Hitachi: Company Snapshot
Figure 46 Hitachi: SWOT Analysis
Figure 47 Accenture: Company Snapshot
Figure 48 Accenture: SWOT Analysis
Figure 49 IBM: Company Snapshot
Figure 50 IBM: SWOT Analysis
Figure 51 Oracle: Company Snapshot
Figure 52 ATOS: Company Snapshot
Figure 53 Software AG: Company Snapshot
Figure 54 General Electric: Company Snapshot
Figure 55 Amazon: Company Snapshot
Figure 56 Cisco: Company Snapshot
Figure 57 Intel: Company Snapshot
Figure 58 AT&T: Company Snapshot
Figure 59 HPE: Company Snapshot
Figure 60 Zebra Technologies: Company Snapshot
Figure 61 Bosch: Company Snapshot
Figure 62 Microsoft: Company Snapshot
Figure 63 Eurotech: Company Snapshot
Figure 64 Siemens: Company Snapshot
Figure 65 Schneider Electric: Company Snapshot

MarketsandMarkets estimates the global IIoT platform market size to grow from USD 3.27 billion in 2018 to USD 13.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 33.4% during the forecast period. Major growth factors for the market include the need for predictive and proactive maintenance and centralized monitoring. Additionally, integrating IT and OT, and the rising adoption of next-generation technologies are expected to drive the growth of the market. There are immense new opportunities, such as the growing need for more Industry 4.0 solutions, for IIoT platform, vendors. Organizations are shifting toward outcome and pull economies, which is expected to shape the future of the market. The global IIoT platform market is segmented by platform type, application area, vertical, and region.

In the IIoT platform market, the device management platform is expected to account for the largest share. With the deployment of IoT ecosystems, a large number of devices, ranging from small sensors and single-purpose microcontrollers are being connected to powerful gateways that connect the devices from the server. These ecosystems need a single platform that manages the information and applications across various devices. The device management platform provides capabilities such as provisioning and authentication, configuration and control, monitoring and diagnostics, and software updates and maintenance. It is instrumental in offering advanced features such as activation certification, configuration, device monitoring, troubleshooting, and service and device enablement. Device management platforms assist manufacturing enterprises in effectively managing and tracking and securing devices used in an organization. With the help of these platforms, manufacturers can proactively and remotely monitor and configure their smart devices and other hardware solutions as soon as their devices and processes are connected.

The business process optimization application area is expected to witness high growth. Business process optimization offers mechanisms to monitor, manage, and communicate with the manufacturing process within an organization. Workflow optimization is an ideal opportunity to examine whether the current internal controls embedded in business processes are being handled at their best. With IIoT platforms, all devices, activities, and processes are interconnected, providing insights on the same. These platforms help optimize business processes by analyzing and streamlining various processes.

IIoT Platform Market

North America is the largest contributor to the IIoT platform market, among all other regions. The North American market mainly comprises the US and Canada and is expected to hold the largest share of the global IIoT platform market. These countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Owing to the early adoption of trending technologies such as IoT, big data, cloud, and mobility, manufacturers are keen to integrate IoT technologies into their processes. The startup culture in North America is growing at a higher pace as compared to the other regions. The growth of Small and Medium-sized Enterprises (SMEs) and increasing digitization in manufacturing by large organizations have also aided the growth of the North American market. SMEs are flexible in incorporating new technologies into their existing systems, whereas large manufacturers have significant budgets for digitization.

The countries in APAC are taking aggressive initiatives to upsurge the IoT infrastructure, enabling industrial users to adopt the cutting-edge technology. For Instance, the Chinese Government is working toward implementing the “Made in China 2025” strategy, to seek innovation-driven development, apply smart technologies, strengthen foundations, pursue green development, and redouble its efforts to upgrade China from a manufacturer of quantity to that of quality. In 2016, the Australian government launched its Research and Development (R&D) IoT Innovation Centre in Melbourne to provide the benefits of IIoT platform technologies to various process and discrete industries.

Implementation challenges and security concerns are the major restraining factors for the growth of the IIoT platform market. However, recent developments, such as new product launches and acquisitions, undertaken by major players are expected to boost the market growth.

This study measures and evaluates the major offerings and key strategies of the key market vendors such as PTC (US), SAP (Germany), IBM (US), Hitachi (Japan), Accenture (US), Atos (France), Altizon (US), Flutura (US), and Oracle (US). These major companies have been offering reliable IIoT platforms to commercial clients across diverse locations.

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