“The IIOT market set to grow to US$ 142.45bn by 2030” says new Visiongain report

03 January 2020
Cyber

Visiongain has launched a new report Industrial Internet of Things (IIoT) Market 2020-2030: Forecasts by Component (Hardware, Software, Services), by Hardware (Sensors, Connectivity Devices, Data Acquisition Devices and Others), by Software (On-premise, Cloud), by Services (System Integration, Consulting, Support and Maintenance), by Industry (Aviation, Oil and Gas, Transportation, Utility, Manufacturing, Healthcare, Agriculture, Retail and Others] Plus Leading Company Analysis and Regional and Leading National Market Analysis.

The ever-increasing number of connected devices and the potential of smart objects will transform and revolutionize multiple vertical sectors on how to operate in a connected things ecosystem. Converging technological innovation in the fields of Wireless Infrastructure, M2M, Internet of Things, Big Data, and Business Analytics, coupled with human expertise will provide the industrial ecosystem with abundant benefits, translating into trillions of dollars on a global scale in the long run. Therefore, transforming the current practices via incorporation of the above-mentioned technologies the stage is set for Industrial Internet to become ubiquitous.

The Industrial Internet market is set for accelerated growth from 2019 onwards as more businesses realize its potential uses and the positive impact it can have on various vertical industries. The Industrial Internet market has already gained momentum with increasing adoption, offering a wide variety of uses and portfolio of applications, which is expanding sizeably. The main attraction offered by Industrial Internet is its potential to change strategy and a plethora of a new products and service possibilities benefitting the whole industrial ecosystem. The current development and deployment of IoT initiatives could create a new golden era in the global economy. IoT has the potential to increase productivity, disrupt industrial production and change our life as we know it, just as with the earlier technological revolutions. The reason for this is simple; almost every single industry is looking forward and trying to understand how IoT will transform the world. Some governments also hold an interest in the development of IoT.

The Visiongain report analyst commented "Organisations are increasingly adopting IIoT for improved operational efficiency, improved uptime, and asset utilisation through predictive maintenance and remote management. Software-driven services and innovative hardware result in increased visibility into products, processes, customers and partners, thereby improving efficiency and profitability. Connected industrial ecosystems, and collaboration between humans and machines lead to greater productivity and more engaging work experiences."

Leading companies featured in the report who are into IIOT and its related products and services include Cisco Systems, General Electric Co., Intel Corporation, IBM, ABB, Rockwell Automation, Inc., Siemens, Texas Instruments Incorporated, ARM, AT&T, BlackBerry, Emerson Electric, Google, HP, NXP, Microsoft, Omron, Oracle, PTC, and Qualcomm among others.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Internet of Things (IoT) Security Market Report 2021-2031

The adoption of remote work due to the pandemic has compelled companies to upgrade their security control systems to ensure the safety and privacy of their employees. Owing to the significant increase of threats and data risks, large investment is made by IoT security manufacturers and the government for advancements in IoT security.

03 December 2021

Read

Visiongain Publishes Quantum Cryptography Market Report 2021-2031

The importance of cybersecurity is increasing so is the funding for it. Fundamentally, society is more technologically reliant than it has ever been, and this tendency shows no signs of slowing.

23 November 2021

Read

Visiongain Publishes Cyber Insurance Market Report 2021-2031

Cyber risk is far more than a data breach, as traditional insurance companies are quickly understanding. Hackers and/or system failures can cause physical damage, accidents, and theft, and digital technology has introduced a wide range of unexpected hazards that undermine existing insurance coverage.

10 August 2021

Read

Visiongain Publishes Military Cyber Security Market Report 2021-2031

Some of the major factors fuelling the growth of global market include rising investment in R&D activities, capitalization on emerging technologies such as and artificial intelligence, IoT and combat technologies.

13 July 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever