NEW YORK, July 27, 2022 /PRNewswire/ — Data Bridge Market research has recently released expansive research titled “Global Industrial Internet of Things (IoT) Market” guarantees you will remain better informed than your competition. An outstanding Industrial Internet of Things (IoT) Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Industrial Internet of Things (IoT) industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. The report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in the Industrial Internet of Things (IoT) Market industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the superior Industrial Internet of Things (IoT) Market report.
Global industrial internet of things (IoT) market was valued at USD 76.70 billion in 2021 and is expected to reach USD 176.12 billion by 2029, registering a CAGR of 10.95% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Analysis:-
According to the estimates, the internet of things (IoT) is expected to gain mainstream industry use after years of anticipation. The market expansion would be stimulated by various industry titans’ rising investments in the industrial internet of things (IoT) sector. Moreover, the accelerating pace of industrialization and the emergence of automation coupled with the increased use of industrial internet of things (IIoT) by various manufacturing sectors and the aviation and transportation industries are estimated to propel the market’s overall growth.
The extension and application of the internet of things (IoT) in industrial sectors and applications is referred to as the industrial internet of things (IIoT). The Machine-to-Machine (M2M) Internet of Things (IIoT) enables businesses and industries to operate more efficiently and reliably because to its strong emphasis on M2M connectivity, big data, and machine learning. Industrial applications such as robotics, medical technology, and software-defined production processes are all included in the IIoT.
Some of the major players operating in the Industrial Internet of Things (IoT) Market are:
- Qualcomm Technologies Inc. (U.S.),
- Texas Instruments Incorporated (U.S.),
- NXP Semiconductors (Netherlands),
- Intel Corporation (U.S.),
- STMicroelectronics (Switzerland),
- Robert Bosch GmbH (Germany)
- IBM (U.S.),
- GENERAL ELECTRIC (U.S.),
- Symantec Corporation (U.S.),
- TE Connectivity (Switzerland),
- Schneider Electric (France),
- Cisco (U.S.),
- Honeywell International Inc. (U.S.), and
- Hewlett Packard Enterprise Development LP (U.S.),
- Intel Corporation (U.S.) among others
Recent Developments
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