What is Industrial Internet of Things (IIoT)?

The Industrial Internet of Things (IIoT) refers to the integration of Internet of Things (IoT) technologies in industrial sectors, enabling the connectivity and communication of devices, machines, and systems to enhance efficiency, productivity, and data-driven decision-making.

How big is the Industrial Internet Of Things Market?

The Global Industrial Internet Of Things (IIoT) Market size is expected to be worth around USD 758.8 billion by 2033 from USD 212.0 billion in 2023 , growing at a CAGR of 13.6% during the forecast period from 2024 to 2033.

What is the current Industrial Internet Of Things Market size?

In 2024, the Industrial Internet Of Things Market size is expected to reach USD 240.8 billion.

Who are the key players in Industrial Internet Of Things Market?

General Electric Company, Oracle Corporation, SAP SE, Honeywell International Inc. and IBM Corporation are the major companies operating in the Industrial Internet Of Things Market.

Which is the fastest growing region in Industrial Internet Of Things Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2033).

What challenges are associated with implementing IIoT solutions?

Challenges may include cybersecurity concerns, interoperability issues, data privacy considerations, and the need for standardization in communication protocols.

What trends are shaping the future of the IIoT market?

Trends include the adoption of 5G for improved connectivity, edge computing for real-time processing, and the integration of AI and machine learning for advanced analytics in industrial settings.

Global Industrial Internet Of Things (IIoT) Market By Component (Solution, Services and Platform), By End-Use Industry (Manufacturing, Energy & Power, Transportation & Logistics, Mining, Oil & Gas, Healthcare and Other End-Use Industries), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: Dec. 2023
Report ID: 56479
Number of Pages: 229
Format:

- ABB Ltd.
- Siemens AG
- IBM Corporation
- Intel Corporation
- Schneider Electric SE. Company Profile
- Rockwell Automation, Inc.
- Honeywell International Inc.
- General Electric Co.
- NEC Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc.
- PTC Inc.
- Other Key Players
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