Industrial
Internet of Things (IIoT) can be defined as the potential
application of Internet of Things technology in any Industry, thus, turning
conventional industrial functions into smart industrial functions during
2015-2020. The Industrial Internet of
Things Market deals with the demand and supply of the components for IIoT,
production and scope of innovation in the upcoming years.
Browse
- Market Tables, Figures and an in-depth TOC on "Industrial Internet of Things (IIoT) Market". http://industryarc.com/Report/7385/industrial-internet-of-things-(IIoT)-market-report.html
The Industrial
Internet of Things Market is expected to have high scope in various
industrial functions. Currently, the industries are highly automated, but still
require human assistance now and then. With merger of IoT technology,
industries are expected to perform more efficiently and produce good results.
North
America is the leading region for the applications of Industrial Internet of
Things Market. The USA invested heavily in this market for
innovations and has high demand due to presence of many industries in the
region, similar to the case of Europe region. It is estimated to grow at a CAGR
of 8.15% from 2014-2020.
The APAC
is the largest region for the development of Industrial Internet of Things
Market during 2015-2020. APAC is expected to have high demand for this
technology due to the rise in industrialization in the region. Japan and China
are the prominent countries in this region.
According to the market research studies by
IndustryARC, the Industrial Internet of
Things Market is segmented into various categories by components, by end
user industries and by geography.
- By component: transmitters, memory, processor, networking components, RFID, power supply and others
- By end user industries: manufacturing (advanced manufacturing), transportation, energy production, oil & gas (digital oilfield), agriculture, retail and healthcare
- By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the key players in the Industrial Internet of Things Market according
to the IndustryARC market research report are as follows:
- GE (U.S.)
- Freescale (U.S.)
- Intel Corporation (U.S.)
- Cisco Inc. (U.S.)
- Rockwell Automation Inc. (U.S.)
The Industrial Internet of Things Market is a
rapidly growing market with high scope in upcoming period during 2015-2020.
Wide scope of applications in different industries is pushing the market
forward with high possibilities of revenue gains and profits in upcoming years.
About
IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports annually
in various industries, such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
& Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC
primarily focuses on Cutting Edge Technologies and Newer Applications of the
Market. Our Custom Research Services are designed to provide insights on the
constant flux in the global demand-supply gap of markets. Our strong analyst
team enables us to meet the client research needs at a very quick speed with a variety
of options for your business.
We
look forward to support the client to be able to better address customer needs;
stay ahead in the market; become the top competitor and get real-time
recommendations on business strategies and deals. Contact us to find out how we
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