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Global Industrial IoT Market Analysis 2015-2017 and Forecasts to 2022 - GE Expected to Play a Major Role in the Industry - Research and Markets

[January 08, 2018]

Global Industrial IoT Market Analysis 2015-2017 and Forecasts to 2022 - GE Expected to Play a Major Role in the Industry - Research and Markets

The "Industrial IoT Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The IIoT market was valued at USD 113.71 Billion in 2015 and is expected to reach USD 195.47 Billion by 2022, at a CAGR of 7.89% during the forecast period.

The factors driving the growth of the IIoT market include technological advancements in semiconductor and electronics industries, the evolution of cloud computing technologies, and need to implement predictive maintenance techniques in industrial equipment to monitor their health and avoid unscheduled downtimes.

The market for camera systems is expected to grow at the highest rate during the forecast period. Camera systems are mainly used in the retail and transportation verticals. In retail vertical, the camera systems are used for security purpose. The camera systems are used for capturing customer behavior, moment tracking, people counting, and heat mapping in this sector. Video analytics plays a vital role for security purpose in various areas in transportation sector including airports, railway stations, and large public places. Also, intelligent camer systems are used for traffic monitoring, and incident detection and reporting.

The market in APAC is expected to grow at the highest rate during the forecast period. The commercialization of the applications of the IoT is expected to be in the introductory stages in the developing economies of the APAC region. However, countries such as China, Japan, South Korea, and India have undertaken numerous initiatives to encourage the implementation of IoT in the region. The dense population and the growing per capita income of this region along with large-scale industrialization and urbanization are the factors driving the growth of the IIoT market in this region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 IoT Market, By Device and Technology

8 IIoT Market, By Software

9 IoT Market, By Vertical

10 Geographic Analysis

11 Competitive Landscape