Industrial internet of things iiot market

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Industrial Internet Of Things Iiot MarketSet to
Exceed USD 771.72 billion by 2026 CAGR 24.3

• Industrial IoT (IIoT) Market (By Technology
  Solutions) By Service (Consulting, Managed
  Services) By End-Use Vertical (Manufacturing,
  Utilities, Oil Gas, Transportation Logistics,
  Retail, Energy Power, Agriculture, Healthcare,
  Others) By Regions Market Size Forecast to
  2026

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Industrial Internet Of Things Iiot Market
Estimate Forecast to 2026
According to a new study published by Polaris
Market, the global Industrial Internet of Things
(IIoT) market is anticipated to reach USD 771.72
billion by 2026. Industries worldwide are
looking for new business models to construct a
connected enterprise for merging their
operational and information departments. This
transformation is expected to enhance the overall
productivity, operational efficiency, and
visibility as well as decrease the complexities
of diverse procedures in the industry. The
capability of IIoT to decrease costs is the major
factor responsible for its high adoption by the
industries. Other factors include increased
productivity, time-to-market, and process
automation. Moreover, decreasing sensors prices
has also helped in the reduction of overall costs
related to data collection and analytics. The
role of IIoT is becoming more prominent in
allowing easy access to machines and devices. The
adoption of IIoT is further anticipated to
escalate globally attributed to increasing
innovative efforts by major players such as GE,
Cisco and Huawei, as well as increasing
initiatives sponsored by governments. For
instance, the government of Germany is sponsoring
a multi-year strategic initiative Industrie
4.0, focused on uniting the major participants
from public and private sectors along with
academia for the creation of an action plan and a
broad vision to implement digital technologies in
the countrys industrial sector. Furthermore,
Made in China 2025 initiative of the Chinese
government is helping the promotion and
integration of digital technologies in the
industrial sector of China.
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Industrial Internet Of Things Iiot Market Scope
By Technology Solutions By Service By End-Use Vertical By Region Report Attributes
Technology Solutions Sensors Analytics Networking Technology Security Solutions Industrial Robotics Device Management Remote Monitoring Data Management Application Management Connectivity Management Consulting Services Managed Services Manufacturing Utilities Oil Gas Transportation Logistics Retail Energy Power Agriculture Healthcare Others North America Europe Asia Pacific Latin America Middle East Africa Historic year 2015-2016 Base year 2017 Forecast Year 2019-2026 Revenue (USD Million)
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Industrial Internet Of Things Iiot Market
Estimate Forecast to 2026
The market in the Asia Pacific region is
projected to grow at the fastest CAGR owing to
considerable adoption of IIoT in the countries
such as Japan, Taiwan and China. Manufacturing
companies across these countries are recognizing
the advantages offered by the implementation of
IIoT in their production line. China is the
dominating country in the Asia Pacific market due
to the presence of several manufacturing
companies in the region and high adoption of
automation technologies. Some of the major
players operating in the Industrial IoT include
Corning Incorporated, ABB Ltd., Cisco Systems,
Inc., General Electric Company, Siemens AG,
Rockwell Automation, Inc., IBM Corporation,
Microsoft Corporation, ARM Ltd., Intel
Corporation, and Kuka AG among others.

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Industrial Internet Of Things Iiot Market Size
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research and consulting company. The company
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