Industrial Internet of Things (IIoT) Market (2015-2020)-Global Market Outlook Business

Industrial Internet of Things (IIoT) Market (2015-2020)-Global Market Outlook

BY Rohit Khanna • June 10, 2016
Rohit Khanna

Rohit Khanna

Marketing Analyst
  • 28 Articles
  • Joined January 12, 2016

Industrial Internet of Things (IIoT) can be defined as the potential application of Internet of Things technology in any Industry, thus, turning conventional industrial functions into smart industrial functions during 2015-2020. The Industrial Internet of Things Market deals with the demand and supply of the components for IIoT, production and scope of innovation in the upcoming years.

Browse - Market Tables, Figures and an in-depth TOC on "Industrial Internet of Things (IIoT) Market".

The Industrial Internet of Things Market is expected to have high scope in various industrial functions. Currently, the industries are highly automated, but still require human assistance now and then. With merger of IoT technology, industries are expected to perform more efficiently and produce good results.

North America is the leading region for the applications of Industrial Internet of Things Market. The USA invested heavily in this market for innovations and has high demand due to presence of many industries in the region, similar to the case of Europe region. It is estimated to grow at a CAGR of 8.15% from 2014-2020.

The APAC is the largest region for the development of Industrial Internet of Things Market during 2015-2020. APAC is expected to have high demand for this technology due to the rise in industrialization in the region. Japan and China are the prominent countries in this region.

According to the market research studies by IndustryARC, the Industrial Internet of Things Market is segmented into various categories by components, by end user industries and by geography.

  • By component: transmitters, memory, processor, networking components, RFID, power supply and others
  • By end user industries: manufacturing (advanced manufacturing), transportation, energy production, oil & gas (digital oilfield), agriculture, retail and healthcare
  • By geography: North America, South America, Europe, Asia Pacific and ROW

Some of the key players in the Industrial Internet of Things Market according to the IndustryARC market research report are as follows:

  • GE (U.S.)         
  • Freescale (U.S.)
  • Intel Corporation (U.S.)
  • Cisco Inc. (U.S.)
  • Rockwell Automation Inc. (U.S.)

The Industrial Internet of Things Market is a rapidly growing market with high scope in upcoming period during 2015-2020. Wide scope of applications in different industries is pushing the market forward with high possibilities of revenue gains and profits in upcoming years.

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About IndustryARC

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


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