Industrial Internet Of Things (IoT) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Industrial Internet Of Things (IoT) Market: By Component (Solution ( Remote Monitoring, Data Management, Analytics, Security Solutions) Services (Professional, Managed) Platform (Connectivity Management, Application Management, Device Management) End User (Manufacturing, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Agriculture) and Geography

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Report

Description

Industrial Internet of Things (IoT) Market size is valued at USD 77.2 billion in 2021 and is expected to reach a value of USD 122.4 billion by 2028, growing at a CAGR of 6.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the industrial internet of things (IoT) market and that can be segmented by component and end-user. By component, the imarket has been segmented into solution, service, and platform. The solution segment is likely to be the largest and fastest-growing segment in terms of the component. Further, the solution is further segregated into remote monitoring, data management, analytics, and security solutions. Services are sub-segmented into professional and managed. The platform is divided into connectivity management, application management, and device management. Based on end users, the industrial internet of things (IoT) market is segmented into manufacturing, energy & power, oil & gas, healthcare, logistics & transport, and agriculture. Among these, the healthcare segment is expected to have the fastest-growing market during the forecast period 2022-2028.

Key Developments:

In Feb 2021, Cisco has teamed up with Newark, an Avnet company, to offer customers across North America industrial IoT network solutions for rugged and non-carpeted environments.


Industrial Internet Of Things (IoT) Market

MARKET SUMMARY
-
6.8%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.8%
  • Fastest Growing Market– Asia-Pacific

Industrial Internet Of Things (IoT) Market

  • The Industrial Internet Of Things (IoT) Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The Industrial Internet Of Things (IoT) Market is segmented based on by  Component, end users and geography.
Key Players
  • Cisco Systems, Inc.
  • General Electric
  • Intel Corporation
  • Rockwell Automation, Inc.
  • Abb Group
  • Texas Instruments, Inc.

Industrial Internet Of Things (IoT) Market Drivers

Since IoT is used in many devices and applications in different industries, such as wearable devices, healthcare, consumer electronics, and among others, the IoT industry has increased its efforts in developing new IoT-based products. These features allow gadgets to increase productivity by improving efficiency, safety, and decision-making. As a result of these causes, the industrial internet of things market is growing around the world.


Asia-Pacific Got Significant Share

Industrial Internet Of Things (IoT) Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The region has become a global focal point for large investments and corporate growth, and it is a major hub for industrial manufacturing. The market is predicted to develop due to the region's growing population, rising R&D investments, and international and domestic IT businesses' increased focus on the growth of big data analytics and cloud-based services in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The industrial internet of things (IoT) market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The industrial internet of things (IoT) market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The industrial internet of things (IoT) market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The industrial internet of things (IoT) market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The industrial internet of things (IoT) market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Industrial Internet Of Things (IoT) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Industrial Internet Of Things (IoT) Market is projected to expand at a CAGR of 6.8% during the forecast period.

The major players in the global Industrial Internet Of Things (IoT) Market are Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., Abb Group, Texas Instruments, Inc., Dassault Systemes, Honeywell International, Inc., Huawei Technology Co., Ltd., and IBM Corporation.etc.

Asia Pacific is the fastest-growing region for Industrial Internet Of Things (IoT) Market


Report

Table Of Content

1. Executive Summary
2. Global Industrial Internet Of Things (IoT) Market Introduction
2.1. Global Industrial Internet Of Things (IoT) Market – Taxonomy
2.2. Global Industrial Internet Of Things (IoT) Market –Definitions
2.2.1. By Component
2.2.2. By End User
3. Global Industrial Internet Of Things (IoT) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Industrial Internet Of Things (IoT) Market Dynamic Factors – Impact Analysis
3.6. Global Industrial Internet Of Things (IoT) Market – Competition Landscape
4. Global Industrial Internet Of Things (IoT) Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Industrial Internet Of Things (IoT) Market, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Solution
5.1.1. Remote Monitoring
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Data Management
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Analytics
5.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Security Solutions
5.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Others
5.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Services
5.2.1. Professional
5.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Managed
5.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.3. Platform
5.3.1. Connectivity Management
5.3.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.1.3. Market Opportunity Analysis
5.3.2. Application Management
5.3.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.2.3. Market Opportunity Analysis
5.3.3. Device Management
5.3.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3.3. Market Opportunity Analysis
6. Global Industrial Internet Of Things (IoT)  Market Forecast, By End User,2017 – 2021 and Forecast, 2022 – 2028
6.1. Manufacturing
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Energy & Power
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Oil & Gas
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Healthcare
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Logistics & Transport
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Agriculture
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Others
6.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
7. Global Industrial Internet Of Things (IoT) Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Region, 2022 – 2028
8. North America Industrial Internet Of Things (IoT) MarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
8.1.1. Solution
8.1.1.1. Remote Monitoring
8.1.1.2. Data Management
8.1.1.3. Analytics
8.1.1.4. Security Solutions
8.1.1.5. Others
8.1.2. Services
8.1.2.1. Professional
8.1.2.2. Managed
8.1.3. Platform
8.1.3.1. Connectivity Management
8.1.3.2. Application Management
8.1.3.3. Device Management
8.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Manufacturing
8.2.2. Energy & Power
8.2.3. Oil & Gas
8.2.4. Healthcare
8.2.5. Logistics & Transport
8.2.6. Agriculture
8.2.7. Others
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Country, 2022 – 2028
8.5. North America Industrial Internet Of Things (IoT) Market Dynamics – Trends
9. Europe Industrial Internet Of Things (IoT) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Solution
9.1.1.1. Remote Monitoring
9.1.1.2. Data Management
9.1.1.3. Analytics
9.1.1.4. Security Solutions
9.1.1.5. Others
9.1.2. Services
9.1.2.1. Professional
9.1.2.2. Managed
9.1.3. Platform
9.1.3.1. Connectivity Management
9.1.3.2. Application Management
9.1.3.3. Device Management
9.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Manufacturing
9.2.2. Energy & Power
9.2.3. Oil & Gas
9.2.4. Healthcare
9.2.5. Logistics & Transport
9.2.6. Agriculture
9.2.7. Others
9.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Country,2022 – 2028
9.5. Europe Industrial Internet Of Things (IoT) Market Dynamics – Trends
10. Asia-Pacific Industrial Internet Of Things (IoT) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Solution
10.1.1.1. Remote Monitoring
10.1.1.2. Data Management
10.1.1.3. Analytics
10.1.1.4. Security Solutions
10.1.1.5. Others
10.1.2. Services
10.1.2.1. Professional
10.1.2.2. Managed
10.1.3. Platform
10.1.3.1. Connectivity Management
10.1.3.2. Application Management
10.1.3.3. Device Management
10.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Manufacturing
10.2.2. Energy & Power
10.2.3. Oil & Gas
10.2.4. Healthcare
10.2.5. Logistics & Transport
10.2.6. Agriculture
10.2.7. Others
10.3. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Country,2022 – 2028
10.5. Asia-PacificIndustrial Internet Of Things (IoT) Market Dynamics – Trends
11. Latin America Industrial Internet Of Things (IoT) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Solution
11.1.1.1. Remote Monitoring
11.1.1.2. Data Management
11.1.1.3. Analytics
11.1.1.4. Security Solutions
11.1.1.5. Others
11.1.2. Services
11.1.2.1. Professional
11.1.2.2. Managed
11.1.3. Platform
11.1.3.1. Connectivity Management
11.1.3.2. Application Management
11.1.3.3. Device Management
11.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Manufacturing
11.2.2. Energy & Power
11.2.3. Oil & Gas
11.2.4. Healthcare
11.2.5. Logistics & Transport
11.2.6. Agriculture
11.2.7. Others
11.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Country,2022 – 2028
11.5. Latin America Industrial Internet Of Things (IoT) Market Dynamics – Trends
12. Middle East and Africa Industrial Internet Of Things (IoT) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Solution
12.1.1.1. Remote Monitoring
12.1.1.2. Data Management
12.1.1.3. Analytics
12.1.1.4. Security Solutions
12.1.1.5. Others
12.1.2. Services
12.1.2.1. Professional
12.1.2.2. Managed
12.1.3. Platform
12.1.3.1. Connectivity Management
12.1.3.2. Application Management
12.1.3.3. Device Management
12.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Manufacturing
12.2.2. Energy & Power
12.2.3. Oil & Gas
12.2.4. Healthcare
12.2.5. Logistics & Transport
12.2.6. Agriculture
12.2.7. Others
12.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Industrial Internet Of Things (IoT) Market – Opportunity Analysis Index, By Component, By End User, and Country,2022 – 2028
12.5. MEA Industrial Internet Of Things (IoT) Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, End User& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Cisco Systems, Inc.
13.2.2. General Electric
13.2.3. Intel Corporation
13.2.4. Rockwell Automation, Inc.
13.2.5. Abb Group
13.2.6. Texas Instruments, Inc.
13.2.7. Dassault Systemes
13.2.8. Honeywell International, Inc.
13.2.9. Huawei Technology Co., Ltd.,
13.2.10. IBM Corporation
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • Cisco Systems, Inc.
  • General Electric
  • Intel Corporation
  • Rockwell Automation, Inc.
  • Abb Group
  • Texas Instruments, Inc.
  • Dassault Systemes
  • Honeywell International, Inc.
  • Huawei Technology Co., Ltd.,
  • IBM Corporation

Description

Industrial Internet of Things (IoT) Market size is valued at USD 77.2 billion in 2021 and is expected to reach a value of USD 122.4 billion by 2028, growing at a CAGR of 6.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the industrial internet of things (IoT) market and that can be segmented by component and end-user. By component, the imarket has been segmented into solution, service, and platform. The solution segment is likely to be the largest and fastest-growing segment in terms of the component. Further, the solution is further segregated into remote monitoring, data management, analytics, and security solutions. Services are sub-segmented into professional and managed. The platform is divided into connectivity management, application management, and device management. Based on end users, the industrial internet of things (IoT) market is segmented into manufacturing, energy & power, oil & gas, healthcare, logistics & transport, and agriculture. Among these, the healthcare segment is expected to have the fastest-growing market during the forecast period 2022-2028.

Key Developments:

In Feb 2021, Cisco has teamed up with Newark, an Avnet company, to offer customers across North America industrial IoT network solutions for rugged and non-carpeted environments.

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