TMCnet News
Industrial IoT Market Worth 195.47 Billion USD by 2022PUNE, India, February 28, 2017 /PRNewswire/ -- According to the new market research report "Industrial IoT Market by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the IIoT market is expected to grow from USD 113.71 Billion in 2015 to reach USD 195.47 Billion by 2022, at a CAGR of 7.89% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Early buyers will receive 10% customization on this report. A key influencing factor for the growth of the IIoT market is the need to implement predictive maintenance techniques in industrial equipment to monitor their health and avoid unscheduled downtimes in the production cycle. Factors which driving the IIoT market include technological advancements in semiconductor and electronics industry and evolution of cloud computing technologies. Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=129733727 Manufacturing vertical accounted for the largest share of the IIoT market in 2015 The manufacturing vertical is witnessing a transformation through the implementation of the smart factory concept and factory automation technologies. Government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are expected to promote the implementation of the IIoT solutions in Europe. Moreover, leading countries in the manufacturing vertical such as U.S., China, and India are expected to further expand their manufacturing industries and deploy smart manufacturing technologies to increase this the contribution of this vertical to their national GDPs. The market for camera systems is expected to grow at the highest rate during the forecast period The IIoT market for camera systems is expected to grow at the highest rate between 2016 and 2022. Camera systems are mainly used in the retail and transportation vrticals. The need of security and surveillance in these sectors is the key reason for the high growth rate of the market for camera systems. In the retail sector, the camera systems are used for capturing customer behavior, moment tracking, people counting, and heat mapping. The benefits of installation of surveillance systems include the safety at the workplace, and the prevention of theft and other losses, sweet hearting, and other retail crimes. 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 camera systems are used for traffic monitoring, and incident detection and reporting. APAC accounted for the largest share of the IIoT market in 2015 APAC is a leading manufacturing hub and held the largest share of the IIoT market in 2015. The market in APAC is also expected to witness rapid growth during the forecast period owing to the growing adoption of IIoT solutions across the manufacturing, mining, retail, and transportation sectors. China held the largest share of the IIoT market in APAC, whereas the market in India is expected to grow at the highest CAGR among all the major markets in this region. Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=129733727 The major players operating in this market includes ARM Ltd. (U.K.), Cisco Systems, Inc. (U.S.), General Electric (U.S.) Intel Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ABB(Switzerland), Texas Instruments Incorporated (U.S.), Dassault Systèmes (France), Honeywell International Inc. (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Kuka AG (Germany), NEC Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), and ZIH Corp. (U.S.). Browse Related Reports Industrial Control and Factory Automation Market by Technology (SCADA, PAC & RTU, DCS, Safety, MES & MOM, PLM), Component (Industrial Robots, Machine Vision, Control Valves, Enclosures, Cables), Industry (Process, and Discrete) - Global Forecast to 2022 Smart Factory Market by Technology (PLM, MES, PLC, SCADA, ERP, DCS, HMI), Component (Sensors & Actuators, Communication Technologies, Industrial Robotics, Machine Vision), Industry (Process, Discrete), and Geography - Global Forecast to 2022 Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:
SOURCE MarketsandMarkets 
|