18 June 2018
Visiongain’s 203-page Industrial Internet of Things (IIoT) Market Report : Forecasts by Component (Hardware, Software, Services, Connectivity), by Industry (Aerospace/Defence IIoT, Healthcare IIoT, Automotive & Transportation IIoT, Energy & Utilities IIoT, Agriculture IIoT, Retail IIoT, Manufacturing IIoT, Others IIoT), by Region, and by Key National Markets (Including USA, UK, China, India and More) & Prospects For Machine to Machine (M2M) Technologies in the Manufacturing IoT Ecosystem report indicates that the Industrial Internet market will attain revenues of $228.4bn in 2018, as high demand drives growth.
Visiongain’s analyst and the author of the Industrial Internet report commented that: "The Industrial Internet has the potential to have a transformative impact on everything from inventory items, machinery maintenance, to aerospace/defence, healthcare and the energy industry. Between eco-friendly applications, money saving services and enterprise transformation, we believe the demand for the Industrial Internet is set to soar over the forecast period. Visiongain believes that 2018 will be a pivotal year and one of significant growth for the Industrial Internet as companies address enterprise demands for full-time connectivity and the government initiatives that support greater mobile connectivity. Not only will the Industrial Internet and M2M market flourish many IT and Telecom based industries will see huge growth with the widespread application of the Industrial Internet, especially wireless infrastructure, big data and cloud computing, consequently enabling the industrial sector to generate great value in a number of vertical industries in the form of increases in production, efficiency and substantial Opex and Capex savings."
The 203-page report contains over 120 tables, charts and graphs that utilise visual representation in order to clarify trends and market projections within the Industrial Internet market. Visiongain provides a global forecast for the period 2018-2028 and analyses 7 industrial internet submarkets. For Aerospace & Defence, Healthcare, Transportation, Energy, Agriculture, Manufacturing, Retail & Other applications
In addition, 5 regional and 10 national markets are forecast and analysed by Visiongain over the period 2018-2028. The report also provides profiles of 24 leading companies operating within the industrial internet market to provide the report with an understanding of the competitive landscape.
The report will be of value to current, and future, investors into the Industrial Internet sector, as well as to companies and research centres who wish to broaden their knowledge of this market.
Notes for Editors
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The rising adoption of robotics, cohesive government policies and technological advancement will create huge scope for the global Automation and Control Systems market. However, the high cost of Automation and Control Systems and security concern will act as a barrier to the growth of the market.
22 February 2021
The lead analyst of the report said, North America generated the highest revenue in 2020 accounting for $5.07 billion. There is a huge market for IoT security in North America. North American homes have the highest density of internet of things (IoT) devices of any region in the world, according to researchers at Stanford University and Avast.
23 March 2020
Generally speaking, cyber insurance provides companies or persons with economic security and covers against Internet-based risks. It helps to protect their assets and viability, and, unsurprisingly, costs far less than the price of shutting down business operations.
20 January 2020
Organisations are increasingly adopting IIoT for improved operational efficiency, improved uptime, and asset utilisation through predictive maintenance and remote management.