Growing demand for edge computing and related digital age technologies such as Artificial Intelligence (AI), Machine Learning (ML) for industrial automation enabling convergence of IT and OT to provide unison among all associated systems and machines have contributed to the Industrial Internet of Things (IIoT) Market growth.
Industrial Internet of Things (IIoT) market size was valued at US$ 123.89 billion in 2020, and it is estimated to grow at around CAGR 22.85% during 2021-2026. Increasing penetration of smart factories, smart utilities enabling high speed data transmission and data analytics for real-time control and monitoring is analyzed to drive the Internet of Things Market.
The IIoT provides better insight regarding equipment used by companies, combining machines with analytics. IoT with asset performance management software can provide details regarding the importance of each piece of equipment to avoid failures. It helps reduce downtime and improve efficiency. It also provides a clear picture of effective equipment maintenance that helps optimize maintenance schedules and cycles. View more details of "Industrial Internet-of-Things Market" @ http://www.bigmarketresearch.com/global-industrial-internet-of-things-market
Industrial Internet of Things (IIoT) market size was valued at US$ 123.89 billion in 2020, and it is estimated to grow at around CAGR 22.85% during 2021-2026.
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 global Industrial Internet of Things market is estimated to reach $186.32 billion in 2023, growing at a CAGR of 21% from $57.215 billion in 2017. The increase in the operational efficiency, collaboration between humans and machines, connected eco-systems, is projected to drive the market growth rate for IIoT. Manufacturing remained the dominant end-user industry for Industrial IoT market, with $29.140 billion in 2017, and will reach $121.534 billion, followed by Oil & Gas. Healthcare will remain the fastest growing industry vertical for Industrial IoT, with a CAGR of 59.8%, followed by Energy having a CAGR of 39.7% in the forecast period.
Global Industrial Internet Of Things Market, By Component (Hardware, Software, Service), By Deployment (On-Cloud, On-Premise), By Technology (Wired and Wireless), By End Users (Manufacturing, Healthcare, Retail Trade, Oil &Gas, Power Generation,) - Forecast 2022
This research evaluates the technologies, solutions, and market outlook for IoT across different industry verticals. The report also analyzes IoT across various IT domains including hardware, software, platforms, connectivity, professional services, value-added services, and more. Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/89529 Browse Complete Report @ http://www.orbisresearch.com/reports/index/internet-of-things-iot-in-industry-verticals-2016--2021
Industrial valves serve as crucial components in controlling the flow of liquids, gases, and slurries across various industries, including oil and gas, water and wastewater treatment, chemical processing, power generation, and pharmaceuticals. The global industrial valves market demonstrates steady growth, driven by infrastructure development, technological advancements, and increasing emphasis on process efficiency and safety. The global industrial valves market is forecast to expand at a CAGR of 5.1% and thereby increase from a value of US$71.2 Bn in 2023, to US$100.9 Bn by the end of 2030.
According to the latest research report by IMARC Group, The global Industrial Internet of things (IIoT) market size reached US$ 255.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 806.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032. More Info:- https://www.imarcgroup.com/industrial-iot-market
In the fast-evolving landscape of India, estimated at USD 15.12 billion in 2024, the emphasis on industrial automation market size is evident. Poised to reach USD 29.43 billion by 2029, showcasing a remarkable CAGR of 14.26%, this market is at the forefront of technological evolution. Let’s delve into the intricacies of the industrial automation market reports, exploring key trends, challenges, and the influential role of automation in shaping India’s industrial future.
The emergence of the Industrial Internet of Things (IIoT) solution is driving the industrial communication market. Over the past five years, IIoT has emerged as one of the most disruptive technology. It is transforming industrial process and automating operation across several industry verticals including automotive, manufacturing, energy, oil & gas, healthcare, and transportation
The Internet of Things (IoT) refers to a vast network of interconnected physical devices, objects, and systems that can collect and exchange data over the internet. These devices are equipped with sensors, actuators, and communication modules that allow them to interact with each other, as well as with centralized systems or cloud platforms.
The global industrial internet of things (IIoT) market is estimated to accrue USD 750 Billion during the forecast period (2018-2023), affirms Market Research Future (MRFR). The industrial internet of things (IIoT) can be comprehended as a subset of the more extensive internet of things (IoT), with the software and technology able to expedite the runtime of various processes. IIoT is based on the idea of broad-spectrum internet connectivity to specific business processes that make physical products for business sectors. Brows full report: https://www.marketresearchfuture.com/reports/industrial-internet-of-things-market-2135
This ppt is guided by comprehensive insights and recent data, explores the intricate dynamics of the online education financing market, delving into the latest trends and market players shaping its trajectory.
The industrial landscape is undergoing a seismic shift, driven by the relentless march of automation. From towering factories to assembly lines, robots and intelligent systems are weaving their way into every facet of production. This burgeoning trend presents a golden opportunity for the industrial automation market, projected to reach a staggering USD 395.09 billion by 2029, with a CAGR of 9.8%. Buckle up, decision-makers, because this blog dives deep into the market's dynamics, trends, and potential, equipping you to navigate this exciting industrial revolution.
The increasing cyber threats on critical infrastructure and the growing adoption of industrial automation and IoT are driving the demand for the market.
Industrial Networking Solutions Market is expected to reach 69.9 billion by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. The rising adoption of connected factory and the machine to machine communication will significantly boost the Industrial Networking Solutions market and is estimated to gain a huge demand.
The Indian industrial landscape is undergoing a significant transformation, driven by a surge in automation adoption. This trend is fueling the growth of the industrial automation market in India, which is poised for a remarkable journey in the coming years. Let's delve into the compelling statistics that vividly depict this dynamic market.
According to the latest research report by IMARC Group, The global industrial transmitters market size reached US$ 15.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.43% during 2023-2028. More Info:- https://www.imarcgroup.com/industrial-transmitters-market
Industrial Control Systems Security Market focuses on the global Industrial Control Systems (ICS) Security status, future forecast, growth opportunity, key market and key players.
The industrial machinery manufacturing market size is expected to reach $9.6 trillion by 2022, significantly growing at a CAGR of around 3% during the forecast period
Asia Pacific industrial communication market will grow at a CAGR of more than 12% during the forecast period. The market is driven by rapid industrialization in the emerging economies of the region
The Business Research Company adds a report “Industrial Machinery Manufacturing Global Market Report 2019” under its Industrial Machinery Manufacturing category. The report covers market characteristics, key players, market size and trends from 2019 to 2022. Read Report: https://www.thebusinessresearchcompany.com/report/industrial-machinery-manufacturing-global-market-report
The global industrial machinery manufacturing market size is expected to reach $9.6 trillion by 2022, significantly growing at a CAGR of around 3% during the forecast period.
More Information @ http://bit.ly/2JwwE9W The hardware market has held a major share in the industrial communication market due to the widespread usage of physical infrastructure components such as routers, switches, controllers, and communication interface devices.
Industrial analytics Market categorizes the global market by component, by analytics type, by deployment model, by organization size, industry Vertical, and Region
A recent report published by TheBusinessResearchCompany on Industrial Machinery Manufacturing Market provides in-depth analysis of segments and sub-segments in the global as well as regional. http://bit.ly/2skjU0k
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving. For details, write to info@daedal-research.com
The research report titled, “Industrial Controls and Factory Automation Market , Industrial Controls and Factory Automation , Industrial Controls and Factory Automation Market Share , Industrial Controls and Factory Automation Market Forecast” offers a descriptive analysis of the industrial control and factory automation market on the grounds of solution, component, industry, and geography.
More Information @ http://bit.ly/2yFnBwh Industrial Control and Factory Automation Market size consists different software and equipment that lessens human interface in carrying out diverse processes in varied industry.
According to a new report Global Equipment Monitoring Market, published by KBV research, The Global Equipment Monitoring Market size is expected to reach $4.8 billion by 2024, rising at a market growth of 6.9% CAGR during the forecast period. Full Report: https://kbvresearch.com/equipment-monitoring-market/
The Internet of Things (IoT) has evolved from simply being a connectivity strategy to an extensive business transformation strategy. It is gradually opening new opportunities for industry leaders to create new products and services, which had previously been thought of as impossible. Here, we share leading real-world applications of IoT across 7 super-domains to understand how IoT is impacting businesses and transforming lives.
Industrial Internet of Things (IIoT) Market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023.
Proliferation of Industrial Internet of Things (IIoT), increased investment in advanced security infrastructure, and convergence of OT & IT are the key forces influencing the growth of the global industrial cybersecurity market. Industrial cybersecurity plays a vital role in safeguarding industrial systems, machines and operations ranging from production to communication.
IoT in Manufacturing Market is projected to grow up to USD 63.61 billion by 2027 growing at a CAGR of 9.8% during the forecasting period 2021-2027. Modern manufacturers use edge and cloud technologies to create the industrial internet of things (IIoT). Improving product quality may minimise scrap, waste, and rework while increasing production output. Affordability has enabled companies to use IoT technology to minimise resource consumption and increase overall production.
The global intelligent pump market is projected to grow at a CAGR of 7.5% from 2016 to 2021, to reach a market size of USD 880.0 Million by 2021. This growth is attributed to the strict energy-efficiency standards in developed countries and growth in Industrial Internet of Things (IIoT). Download PDF Brochure on http://www.marketsandmarkets.com/pdfdownload.asp?id=231268027
Embedded and IoT are cutting-edge technologies revolutionizing device connectivity. IIoT integrates industrial equipment with the internet. This convergence with AI creates high-demand career opportunities. IPCS Automation offers top-notch Embedded and IoT training in Mumbai.
Embedded and IoT are cutting-edge technologies revolutionizing device connectivity. IIoT integrates industrial equipment with the internet. This convergence with AI creates high-demand career opportunities. IPCS Automation offers top-notch Embedded and IoT training in Mumbai.
The Internet of Things (IoT) market is poised to grow significantly, with an anticipated increase from US$ 217.5 billion in 2024 to approximately US$ 779.3 billion by 2031, driven by a robust compound annual growth rate (CAGR) of 20% between 2024 and 2031. IoT encompasses a comprehensive system of interconnected computing devices, objects, digital and mechanical machines, as well as individuals or animals, each equipped with unique identifiers (UIDs). It distinguishes itself by enabling data transfer over networks without requiring direct human-to-computer or human-to-human interaction.
Internet of things is changing the world. In 2008, the number of things connected to the internet exceeded the number of people on the earth. And as per the estimation, by 2020, there will be 50 billion. Today, IoT is not just finite to smartphones or tablets, it is everything around us. There are a lot of ways industrial IoT services can help business to grow their efficiency.
The global Federated Learning Solutions market research study is composed of drivers of demand and challenges. This report extensively covers global, regional, and country-wide market size projections. Market trends and Opportunities are elaborated under a dedicated section, as we understand the significance of unbiased projections for business success. The report has included the learning and breakthroughs that transformed the Federated Learning Solutions market during and after the COVID-19 Pandemic period.