March 29, 2024

Industrial IoT Market Size Analysis 2022 To 2030

The global industrial IoT market size accounted for US$ 326.1 billion in 2021 and is projected to reach around USD 1742.8 billion by 2030, growing at a CAGR of 20.47% from 2022 to 2030.

Industrial IoT Market Key Takeaways:

  • By end-use, the manufacturing segment has accounted 28.7% of total revenue share in 2021.
  • The logistics and transportation segment is growing at a CAGR of 25.6% from 2022 to 2030.
  • By component, the services segment is expected to hit at a CAGR of 24.3% between 2022 to 2030.
  • North America dominated the market and accounted revenue share of around 34% in 2021.
  • Asia Pacific region is predicted to reach at a CAGR of 26.7% from 2022 to 2030.
Industrial IoT Market Size 2022 To 2030

 

Report Summary

The global industrial IoT market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the industrial IoT market across the globe.

A comprehensive estimate on the industrial IoT market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial IoT during the forecast period. Price point comparison by region with global average price is also considered in the study.

Industrial IoT Market Scope

Report CoverageDetails
Market Size in 2022USD 392.85 Billion
Market Size by 2030USD 1742.8 Billion
Growth Rate from 2022 to 2030CAGR of 20.47%
Base Year2021
Forecast Period2022 to 2030
Segments CoveredComponent, End-Use, and Geography

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized industrial IoT market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: UV Air Purifier Market Size Analysis 2022 To 2030

Industrial IoT Market Players

The report includes the profiles of key industrial IoT market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are ABB, General Electric, IBM Corporation, Intel Corporation, Rockwell Automation, Inc., Siemens, Microsoft, Cisco Systems, Inc., NEC Corporation, KUKA AG

Market Segmentation

By Component

  • Solution
    • Remote Monitoring
    • Data Management
    • Analytics
    • Security Solutions
    • Others
  • Services
    • Professional
    • Managed
  • Platform
    • Connectivity Management
    • Application Management
    • Device Management

By End-Use

  • Manufacturing
  • Energy & Power
  • Oil & Gas
  • Healthcare
  • Logistics & Transport
  • Agriculture
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial IoT Market 

5.1. COVID-19 Landscape: Industrial IoT Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial IoT Market, By Component

8.1. Industrial IoT Market, by Component, 2022-2030

8.1.1. Solution

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Services

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Platform

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Industrial IoT Market, By End-Use

9.1. Industrial IoT Market, by End-Use, 2022-2030

9.1.1. Manufacturing

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Energy & Power

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Oil & Gas

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Healthcare

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Logistics & Transport

9.1.5.1. Market Revenue and Forecast (2017-2030)

9.1.6. Agriculture

9.1.6.1. Market Revenue and Forecast (2017-2030)

9.1.7. Others

9.1.7.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Industrial IoT Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Component (2017-2030)

10.1.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.1.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.1.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Component (2017-2030)

10.2.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.2.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.2.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Component (2017-2030)

10.2.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Component (2017-2030)

10.2.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.3.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.3.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Component (2017-2030)

10.3.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Component (2017-2030)

10.3.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.4.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.4.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Component (2017-2030)

10.4.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Component (2017-2030)

10.4.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Component (2017-2030)

10.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Component (2017-2030)

10.5.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Component (2017-2030)

10.5.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

Chapter 11. Company Profiles

11.1. ABB

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. General Electric

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. IBM Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Intel Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Rockwell Automation, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Siemens

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Microsoft

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Microsoft

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. NEC Corporation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. KUKA AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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