Industrial IoT Market Worth 151.01 Billion USD and Forecast by 2020

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MarketsandMarkets Presents
Industrial IoT Market by Technology , Software
and Geography - Global Forecast to 2020 The
IIoT market is expected to reach USD 151.01
Billion by 2020, at a CAGR of 8.03 to
2020. Factors which are driving the IIoT market
include technological advancements in
semiconductor and electronics, evolution of cloud
computing technologies, standardization of IPv6,
and support from governments all over the world.

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Manufacturing sector held the largest share of
the IIoT market The manufacturing sector is
witnessing a transformation through the
implementation of the smart factory concept and
factory automation technologies. Government
initiatives such as Industrie 4.0 in Germany and
Plan Industriel in France are expected to drive
the IIoT solutions in Europe. Moreover, leading
manufacturing countries such as the U.S., China,
and India are expected to further expand their
manufacturing industries and deploy smart
manufacturing technologies to increase this
sectors contribution to their national
GDPs. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.
asp?id129733727 The market for the networking
technology is expected to grow at a high
CAGR Machine-to-machine connectivity through
wireless or wired networks forms the base for
IIoT. The rising adoption of IIoT is expected to
boost the market for networking technologies,
especially wireless networks. These networks not
only provide mobility to the equipment but also
offer greater scalability and ease of integration
to the network.
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APAC expected to hold the largest market share
and witness rapid growth during the forecast
period APAC is a leading manufacturing hub and
held the largest market share for IIoT in 2014.
It is also expected to witness rapid growth
during the forecast period owing to the growing
adoption of IIoT solutions across the
manufacturing, mining, healthcare, and energy
power sectors. Within APAC, China held the
largest market share for IIoT, whereas India is
expected to grow at the highest CAGR among all
the major markets. Report Information
http//www.marketsandmarkets.com/Market-Reports/i
ndustrial-internet-of-things-market-129733727.html
The major companies in the IIoT market include
General Electric (U.S.), Cisco Inc. (U.S.), Intel
Corporation (U.S.), Rockwell Automation (U.S.),
ARM Holdings plc. (U.K.), ABB Ltd. (Switzerland),
Siemens AG (Germany), Honeywell International,
Inc. (U.S.), Dassault Systèmes SA (France),
Huawei Technology Co., Ltd. (China), Zebra
Technologies (U.S.), IBM Corporation (U.S.), and
Robert Bosch GmbH (Germany) among others.
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About MarketsandMarkets MarketsandMarkets is a
global market research and consulting company
based in the U.S. We publish strategically
analyzed market research reports and serve as a
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companies across the world. MarketsandMarkets
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including advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT.
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