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Top 10 Connected/Smart Industries (IoT in Manufacturing, IoT in Retail, IoT in Utility, Connected Mining, Connected Logistics, Connected Agriculture, Smart Buildings, Smart Transportation & Others) - Research and Markets

[August 09, 2017]

Top 10 Connected/Smart Industries (IoT in Manufacturing, IoT in Retail, IoT in Utility, Connected Mining, Connected Logistics, Connected Agriculture, Smart Buildings, Smart Transportation & Others) - Research and Markets

The "Top 10 Connected/Smart Industries (IoT in Manufacturing, IoT in Retail, IoT in Utility, Connected Mining, Connected Logistics, Connected Agriculture, Smart Education and Learning, Smart Buildings, Smart Grid Management, and Smart Transportation)" report has been added to Research and Markets' offering.

The top 10 connected/smart industries are estimated to grow at a significant rate during its forecast period. This report covers large aspects of the connected technologies implemented in different industries. Emergence of IoT technology, need for cost efficient technology solutions, and increasing adoption of connected devices are driving the growth of industries.

The smart building market size is projected to reach USD 24.73 billion by 2021 at a CAGR of 34.0% during the forecast period. The concept of smart building was initially introduced to optimize energy consumption and reduce operating costs, so as to enable end-users to analyze energy operational data for actionable insights. Smart buildings enable facility optimization through the convergence of information technology and building automation. Some of the major factors that are driving the growth of the smart building market include the growing government initiatives for the development of smart building projects, rising focus on green buildngs, and evolution of building management IoT platforms.

The global IoT in utility market is estimated to grow from USD 4.63 billion in 2015 to USD 11.73 billion by 2020, at a CAGR of 20.4% during the forecast period. Utilities are shifting their focus towards using cutting-edge technology, increasing productivity, and optimizing the cash flow to improve its business process. They are moving towards updating current grid technologies while integrating it with networking and computational capabilities, in order to connect and automate seamless energy distribution and transmission. Furthermore the government initiatives for smart grid rollout, drives the IoT in utilities market.

The smart transportation market size was estimated to be USD 46.72 billion in 2015 and is projected to reach USD 138.76 billion by 2020, growing at a CAGR of 24.3%. The global vehicular usage has been surging at a rapid rate and this calls for various solutions to address the emerging problems such as congestion, accidents, and infrastructure scaling which enhances the application of smart transportation solutions and services. The market is also driven due to growing need for reduction of greenhouse gas emission and supportive government initiatives.

Companies Mentioned