Global Industrial Internet Of Things Market To Reach US$ 176 Bil - Erie News Now | WICU & WSEE in Erie, PA

Global Industrial Internet Of Things Market To Reach US$ 176 Billion By 2022

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The global industrial Internet of things market is expected to reach US$ 176 billion by 2022, registering a compound annual growth rate (CAGR) of 8% during the forecast period. Technical development in semiconductor and electronics devices, the growth of the cloud computing technology, and the support from governments worldwide are expected to drive the market. However, lack of standardization and insufficient availability of skilled workforce are hampering the market growth.

In this report, the global industrial Internet of things market is segmented by technology, software, end user, and region. On the basis of technology, the market is segmented into sensors, RFID, industrial robotics, distributed control system, condition monitoring, smart meters, autonomous haulage system, camera systems, and networking technologies among others. The market on the basis of software is segmented into product lifecycle management systems, manufacturing execution system, and SCADA systems among others. On the basis of end user, the market is segmented into manufacturing, healthcare, retail, utilities, oil & gas, metals & mining, transportation, and agriculture.

The global market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific market accounted for the largest share in 2015 and is also expected to witness high growth during the forecast period. In the Asia Pacific region, India is projected to register the highest CAGR during the forecast period, and China had the largest share in the region. Furthermore, each region is segmented to provide market revenue for countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries. The report includes a detailed study of the global and regional market and analyzes the variations in the growth of the industry in certain regions.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/Industrial-internet-of-things-market

General Electric (U.S.), Cisco Inc. (U.S.), Intel Corporation (U.S.), Rockwell Automation (U.S.), ARM Holdings Plc. (U.K.), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S.), Dassault Systmes SA (France), Huawei Technology Co., Ltd. (China), Zebra Technologies (U.S.), IBM Corporation (U.S.), and Robert Bosch GmbH (Germany) are the most active players in the industrial Internet of Things market.

This report covers the market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

 

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Source: http://www.financeswire.com/global-industrial-internet-of-things-market-to-reach-us-176-billion-by-2022

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