Industrial IoT Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis over the forecast period.

Industrial Internet of Things (IIoT) refers to the way physical assets are connected to the internet, enabling smart monitoring, data collection and analysis. Advancement in technologies such as cloud computing platforms and artificial intelligence will further enable businesses to gain insights from the data collected by IIoT devices to address business needs.

Global industrial IoT market will reach $205.7 billion by 2030, growing by 10.8% annually over 2020-2030 driven by extensive government support in encouraging digitalization across the industrial sector, rise in adoption of industrial IoT devices, and growing incorporation of advanced technologies such as cloud computing platforms and AI.

Industrial IoT: Applications

• Data Management Solutions for Analytics
• Smart Robotics
• Distribution Management System
• Manufacturing Execution System (MES)
• Asset and Resource Optimization
• Product Lifecycle Management
• Remote Monitoring
• Retail Management System
• Predictive Maintenance
• Other Applications

By Offering

• Hardware
• Software & Solutions
• Services

o Professional Services
o Managed Services

• Connectivity

o Wired Technology
o Wireless Technology
o Field Technologies

Key Technology

• Sensors
• Camera
• Distributed Control Systems
• Industrial Robotics
• Condition Monitoring
• RFID
• Yield Monitor
• GPS/GNSS

Industry Vertical

• Manufacturing Industry
• Automotive & Transportation
• Energy and Utilities
• Healthcare
• Oil & Gas
• Agriculture
• Metal and Mining
• Retail Industry