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Industrial Internet of Things (IIoT) Market to Reach $933 Billion by 2025 - Falling Prices of Sensors are Reducing Overall Costs Associated with Data Collection & Analytics - Research and MarketsDUBLIN, May 26, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Industrial Internet of Things (IIoT) Market, 2014-2025" report to their offering. The global industrial IoT market is expected to reach USD 933.62 billion by 2025. The growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period. An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place and with improved connections to the cloud. The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth. However, there are a few factors that are anticipated to limit the global IIoT growth. The major factors challenging the market growth are the lack of a defined protocol or standardization and use of old equipment. Security-related concerns, associated with big data, are also expected to limit the market growth. Companies Mentioned
Key Topics Covered: 2. Executive Summary For more information about this report visit http://www.researchandmarkets.com/research/kw2ch2/industrial Media Contact: Research and Markets |