Industrial Internet of Things Market Growth & Trends The global industrial internet of things market size is expected to reach USD 949.42 billion by 2025, according to a new report by Grand View Research, Inc. Category: #business By Ashwin Naphade Published: Just now. This report is an essential reference for who looks for detailed information on Global IoT Data Governance market 2020 To 2025. To learn more, visit our Privacy Policy. The global Industrial IoT market is expected to reach 738.89 billion USD by 2025, increasing from 264.22 billion USD in 2019. All rights reserved. Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Device & Technology, End-Use, Software, Geography, North America, APAC, Europe, and Latin America, Middle East & Africa, IBM), Intel Corporation, Cisco Systems, Inc, UBER, Microsoft Corporation, ABB and Others. Some other key Players of the Market include General Electric Company (GE), Siemens AG, Rockwell Automation, Inc., Atmel Corporation, and ARM Holding plc. The Internet of things market is primarily driven by following factors: ©2021 Gartner, Inc. and/or its affiliates. Gartner report validates the Industrial IoT market and identifies PTC as a visionary in IIoT Market Size Graph. Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition, 1.3 Base Currency, Base Year and Forecast Periods, 4. Matt Arnott, . Cars have been using IoT technology for some time now, whether it’s to provide remote access to climate controls or to send data back to the manufacturer. Request Now . The IoT market size is measured along four major metrics: The number of connected devices (measured in billion units) The generated revenue via IoT (measured in billion USD) The total economic value of IoT (measured in trillion USD) The amount of IP-traffic (measured in exabytes per month) In this article I will not dive into IP-traffic. Canada has seen significant growth, especially as a consequence of vigorous government investment that supports the implementation of IIoT solutions. The IoT is a network of objects connected to the Internet that collect and exchange data using built-in … Its research is produced independently by its research organization without input or influence from any third party. The Global Industrial IoT market is also driven by the constant technological innovations in IoT technology with the involvement of many top many companies and startups across the industry. Competitive Landscape & Supplier Analysis: Jasper Technologies, Inc. [Cisco Systems] IoT (Internet of Things) Industry Market Size Development Trends, Competitive Landscape and Key Regions 2025. According to a research report "IoT Security Market by Type (Network Security & Cloud Security), Component, Solution (Identity and Access Management, Security Analytics, & Device Authentication & Management), Service, Application Area, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global Internet of Things (IoT) security market size is expected to grow from … The IIoT is an extension of the Distributed Control System (DCS) which requires a higher level of automation by using cloud computing to automate and optimize system controls. Global IoT Market Size: Global IoT market is poised to reach the value of $1,017.61 billion in 2024 from $176.58 billion in 2017, growing with the CAGR of 32.31%. In a recent study published by Report Hive Research, titled, Internet of Things (IoT) Market Driving Force, Description, Development Analysis and Forecast by Top Key Countries by 2025, analysts offers an in-depth analysis of global Internet of Things (IoT) market.The study analyses the various aspect of the market by studying its historic and forecast data. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC), 7.2.4 Threat of Substitute Products and Services, 7.2.5 Competitive Rivalry within the Industry, 9.3 Agreements, collaborations and Joint Ventures, 10. Your Details are Submited Successfully...!! To purchase this document, you will need to register or sign in above. McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR. The market for Industry 4.0 products and services is expected to grow to $310B by 2023. For further information, see Guiding Principles on Independence and Objectivity. This integration facilitates data collection, sharing and evaluation, eventually enabling operational efficiency enhancements and other economic benefits. Description; Table of contents ; Request Sample; Buy Now. . Through incorporating Uber Cargo into the SAP Logistics Network, users will be able to obtain shipping pricing through Uber's electronically integrated carrier network and provide real-time offers and assured freight capacity, making load planning and implementation much more straightforward. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition, Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped, The segment-level analysis in terms of by propulsion, by charging station, by power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail, Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis, Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development, A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment, Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies, An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions, Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market, Global Industrial IoT Market By Region, From 2020-2025 ( USD Billion ), Global Industrial IoT Market By Devices and Technology, From 2020-2025 ( USD Billion ), Global Monitoring Market By Region, From 2020-2025 ( USD Billion ), Global Smart Meter Market By Region, From 2020-2025 ( USD Billion ), Global Sensor Market By Region, From 2020-2025 ( USD Billion ), Global RFID Market By Region, From 2020-2025 ( USD Billion ), Global Industrial Robotics Market By Region, From 2020-2025 ( USD Billion ), Global DCS Market By Region, From 2020-2025 ( USD Billion ), Global Camera System Market By Region, From 2020-2025 ( USD Billion ), Global Networking Technology Market By Region, From 2020-2025 ( USD Billion ), Global Industrial IoT Market By End-Use, From 2020-2025 ( USD Billion ), Global Logistics and Transport Market By Region, From 2020-2025 ( USD Billion ), Global Energy & Power Market By Region, From 2020-2025 ( USD Billion ), Global Manufacturing Market By Region, From 2020-2025 ( USD Billion ), Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion ), Global Health Care Market By Region, From 2020-2025 ( USD Billion ), Global Agriculture Market By Region, From 2020-2025 ( USD Billion ), Global Industrial IoT Market By Software, From 2020-2025 ( USD Billion ), Global SCADA Market By Region, From 2020-2025 ( USD Billion ), Global MES Market By Region, From 2020-2025 ( USD Billion ), Global PLM Market By Region, From 2019-2024 ( USD Billion ). The global Internet of Things (IoT) security market size is expected to grow from USD 12.5 billion in 2020 to USD 36.6 billion by 2025, at a Compound Annual Growth … Reset Your Business Strategy Amid COVID-19, Sourcing, Procurement and Vendor Management. 37 mins Field Device Management Market Size To Reach $1.97 Billion By 2025, Based On Latest Trends of ... 2021 /PRNewswire/ — The global field device management market size is estima… Read more financial news.. What is Market Insider? Of these, Logistics & Transport segment holds the majority of the market share in 2019, with over 30%, as the industrial IoT in transportation and logistics will help in connectivity and monitoring. Based on the End-Use, the Global Industrial IoT market is segmented into Logistics & Transport, Energy & Power, Manufacturing, Oil & Gas, Healthcare, Agriculture. Gartner forecasts that the enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019. Canada has seen significant growth, especially as a consequence of vigorous government investment that supports the implementation of IIoT solutions. The Global Internet of Things (IoT) Market is anticipated to grow from $147.90 billion in 2016 to $2048.90 billion by 2025, at a CAGR of 32.39% between 2016 and 2025. When it comes to IoT market size, Gartner predicts that the car industry will take a large chunk of it. According to their analysis, every fifth vehicle on the road will have some form of wireless connection by 2020. 6. SAP SE & Uber Cargo signed a deal help restructure the cargo industry by using smart system automation and easier access to a network of structured and efficient drivers in April of 2019. The market is highly crowded with constant technological innovations, so in order to keep up with the competition, one has to invest heavily in R&D, which can act as minor restraint to the Industrial IoT market. The Global Industrial IoT market's applications in the transportation sectors are increasing, and with rising funding across rail, road, and urban transport projects, the transportation industry is expected to see steady growth. By continuing to use this site, or closing this box, you consent to our use of cookies. The IoT market size, according to Gartner, will amount to: 5. It is projected to expand at a CAGR of 29.4% during the forecast period. . Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner is a registered trademark of Gartner, Inc. and its affiliates. . signed a deal help restructure the cargo industry by using smart system automation and easier access to a network of structured and efficient drivers in April of 2019. Even still, projections agree on one thing – the number of connected devices will get to be ridiculously high in no time. The digital twin market growth is attributed to the increasing adoption of the IoT and IIoT and the rapidly growing digitalisation in manufacturing, automotive, and healthcare industries. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. We use cookies to deliver the best possible experience on our website. Growing trend of processing the contextually rich and real-time data streams generated by IoT networks and sensors using machine learning and artificial intelligence is expected to drive the growth. The NB IoT market research added by Market Study Report, LLC, presents a detailed analysis of the influential trends prevailing in this business sphere. Industrial Internet of Things (IIoT) corresponds to integrated cameras, interconnected sensors equipment as well as other instruments connected along with computer-based industrial uses, like manufacturing and power management. ©2021 Gartner, Inc. and/or its affiliates. The Internet of Things (IoT) has a … Author admin Comment (0) The IoT connectivity market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 18.5% to reach approximately USD 11 billion by 2025. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. IoT IAM Market Size, Analytical Overview, Growth Factors, Opportunities and Forecast 2025. The global Internet of Things (IoT) market size was at $ 330.6 billion in 2020 and is expected to reach $ 875.0 billion by 2025, at a compound annual growth rate (CAGR) of 26.9% during the prediction period. IoT Global Forecast and Analysis, 2015-2025 Published: 29 March 2017 ID: G00325939 Analyst(s): Matt Arnott, Emma Buckland, Margaret Ranken, Pierce Owen Summary This report provides an overview of the global IoT market from 2015 through 2025, featuring forecasts of connections, applications, technology, traffic and revenue. of the Market include General Electric Company (GE), Siemens AG, Rockwell Automation, Inc., Atmel Corporation, and ARM Holding plc. This report provides an overview of the global IoT market from 2015 through 2025, featuring forecasts of connections, applications, technology, traffic and revenue. Your request is being processed. . Gartner, Inc. forecasts that the enterprise and automotive Internet of Things (IoT) market* will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019. Analyst(s): The global Internet of Things (IoT) in healthcare market size is anticipated to reach over USD 169 billion by 2025. Gartner prides itself on its reputation for independence and objectivity. Also, Industrial Robotics is expected to be the fastest-growing segment with a CAGR of over 26.8%, supported by the increased automation in the industries and the latest developments in the field. All rights reserved. selling price); 6 key segments in the competitive landscape with market share of top players. IT Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025. The global IT training market was worth US$ 68.4 Billion in 2019. held the biggest share in the global industrial IoT market in 2018 as the region being home for many key players and is booming with all the Silicon Valley innovations, which led them to early adoption of IIoT. 170-page market report examining the IoT Semiconductor space, i ncluding: . Through incorporating Uber Cargo into the SAP Logistics Network, users will be able to obtain shipping pricing through Uber's electronically integrated carrier network and provide real-time offers and assured freight capacity, making load planning and implementation much more straightforward. . To know the impact of COVID-19 On Internet of Things (IoT) Security Market Size, Share, Segment Analysis, Growth Drivers And Forecast 2020-2025 Market . Software solutions and platforms are anticipated to drive the market as colossal data is moved to the cloud and new IoT applications will be introduced into the market, analytics will continue to gain in importance. Industrial IoT Market Size & Growth (2020 – 2025) The global Industrial IoT market is expected to reach 738.89 billion USD by 2025, increasing from 264.22 billion USD in 2019. Digital Twin Market size is set to exceed US $20 billion (€17 billion) by 2025; according to a new research report by Global Market Insights, Inc.. We are monitoring the impact of COVID-19 on Industrial IoT Market, Get in touch with us for detailed analysis, Industrial IoT Market Size & Growth (2020 – 2025). This is attributed to the rising focus on active patient-centric care and patient engagement, rise in high-speed technologies for Internet of Things (IoT) connectivity, rising need for implementing cost-control actions within the healthcare sector. Industrial IoT Market Region Wise Analysis: Based on region, Industrial IoT market can be segmented into: North America Industrial IoT Market held the biggest share in the global industrial IoT market in 2018 as the region being home for many key players and is booming with all the Silicon Valley innovations, which led them to early adoption of IIoT. The global Industrial Internet of Things market size was valued at USD 161.14 billion in 2018 and is anticipated to register a CAGR of 29.4% during the forecast period. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Key players of the Industrial IoT market: The key players include International Business Machines Corporation (IBM), Intel Corporation, Cisco Systems, Inc, UBER, Microsoft Corporation, ABB. The global market for Internet of things (IoT) end-user solutions is expected to grow to 212 billion U.S. dollars in size by the end of 2019. shipments and avg. Title: Gartner Says 5.8 Billion Enterprise and Automotive IoT Endpoints Will Be in Use in 2020 Date: 29 August 2019 Author: Gartner Summary: “Gartner, Inc. forecasts that the enterprise and automotive Internet of Things (IoT) market will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019.By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018.” This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. Pierce Owen. The Internet of things creates a hyper-connectivity by establishing digital connectivity between people and things anytime and anywhere. Margaret Ranken, Global Internet of Things (IoT) Security Market is valued at USD 7.98 Billion in 2018 and expected to reach USD 56.31 Billion by 2025 with the CAGR of 32.2% over the forecast period. By the end of 2019, 4.8 billion endpoints are expected to be in use, up 21.5% from 2018. Emma Buckland, Learn how to access this content as a Gartner client. Simple changes brought in by Internet of Things (IoT) vendors that show promise of better security solution for identity and access management (IAM) systems are expected to change the game for the global market… Out of these, the Smart Meter segment holds the majority of the market share in 2019, with over 22%. The report covers data on global markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as global major vendors information. The MarketWatch News Department was not involved in the creation of this content. (Source: Gartner, Statista) That’s a wide range there! Also, manufacturing is expected to be the fastest-growing segment in the future at a CAGR of over 24.3%, as many of the manufacturers are interested in wireless connectivity, and they want to have a seamless data transfer over multiple verticals. Based on the Device & Technology, the Global Industrial IoT market is segmented into Monitoring, Smart Meter, Sensor, RFID, Industrial Robotics, DCS, Condition, Camera System, Networking Technology. © 2019 Market Data Forecast All Rights Reserved. Market Outlook and Investment Opportunities, Please wait. Detailed definitions; Market size & forecast from 20 20 to 2025 along 9 key segments; Analysis of the cellular IoT chipset market (incl. ; 7 company profiles of leading IoT semiconductor companies There will be between 20.4 billion and 31 billion IoT devices online by 2020. Industrial IoT Market Research Report - Segmented . This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. Post author By ajinkya; Post date January 24, 2021; Global IoT IAM Market: Snapshot. 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