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

03 January 2020

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.

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