Growing demand for edge computing and related digital age technologies such as Artificial Intelligence (AI), Machine Learning (ML) for industrial automation enabling convergence of IT and OT to provide unison among all associated systems and machines have contributed to the Industrial Internet of Things (IIoT) Market growth.
The global smart manufacturing market was valued at USD 97.6 billion in 2022 and is projected to reach USD 228.3 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027.
Industrial Internet of Things (IIoT) market size was valued at US$ 123.89 billion in 2020, and it is estimated to grow at around CAGR 22.85% during 2021-2026. Increasing penetration of smart factories, smart utilities enabling high speed data transmission and data analytics for real-time control and monitoring is analyzed to drive the Internet of Things Market.
The IIoT provides better insight regarding equipment used by companies, combining machines with analytics. IoT with asset performance management software can provide details regarding the importance of each piece of equipment to avoid failures. It helps reduce downtime and improve efficiency. It also provides a clear picture of effective equipment maintenance that helps optimize maintenance schedules and cycles. View more details of "Industrial Internet-of-Things Market" @ http://www.bigmarketresearch.com/global-industrial-internet-of-things-market
Industrial Internet of Things (IIoT) market size was valued at US$ 123.89 billion in 2020, and it is estimated to grow at around CAGR 22.85% during 2021-2026.
The smart manufacturing platform market is projected to grow from USD 4.4 billion in 2019 to USD 10.8 billion by 2024 https://www.marketsandmarkets.com/Market-Reports/smart-manufacturing-platform-market-66129711.html
Smart Manufacturing Platform Market Research Report, identifies new revenue opportunity in smart manufacturing platform industry. The report aims at estimating the market size and future growth of the smart manufacturing platform based on offering, process, application, vertical, and region
According to a new report Global Equipment Monitoring Market, published by KBV research, The Global Equipment Monitoring Market size is expected to reach $4.8 billion by 2024, rising at a market growth of 6.9% CAGR during the forecast period. Full Report: https://kbvresearch.com/equipment-monitoring-market/
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
Industrial valves serve as crucial components in controlling the flow of liquids, gases, and slurries across various industries, including oil and gas, water and wastewater treatment, chemical processing, power generation, and pharmaceuticals. The global industrial valves market demonstrates steady growth, driven by infrastructure development, technological advancements, and increasing emphasis on process efficiency and safety. The global industrial valves market is forecast to expand at a CAGR of 5.1% and thereby increase from a value of US$71.2 Bn in 2023, to US$100.9 Bn by the end of 2030.
The global Federated Learning Solutions market research study is composed of drivers of demand and challenges. This report extensively covers global, regional, and country-wide market size projections. Market trends and Opportunities are elaborated under a dedicated section, as we understand the significance of unbiased projections for business success. The report has included the learning and breakthroughs that transformed the Federated Learning Solutions market during and after the COVID-19 Pandemic period.
According to the latest research report by IMARC Group, The global Industrial Internet of things (IIoT) market size reached US$ 255.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 806.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032. More Info:- https://www.imarcgroup.com/industrial-iot-market
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography
The IIoT market is expected to reach $320B by 2020. The major reason behind this massive increase is- companies have started utilizing the IIoT to collect, aggregate, and analyze data to maximize efficiency and enhance productivity. The IIoT not only bring automation through machine learning but also establishes better synergy among machines to optimize output. http://enterpriseiotsolution.com/
Syringes Market size is estimated to reach $35,901 million by 2026, growing at a CAGR of 7.81% over 2021-2026. Syringe is a medical device with a hypodermic needle that is used to inject fluid into, or withdraw fluid from, the body. A medical syringe consists of a needle attached to a hollow cylinder that is fitted with a sliding plunger which contains lubricant that is injected subcutaneously through intravenous therapy.
In the fast-evolving landscape of India, estimated at USD 15.12 billion in 2024, the emphasis on industrial automation market size is evident. Poised to reach USD 29.43 billion by 2029, showcasing a remarkable CAGR of 14.26%, this market is at the forefront of technological evolution. Let’s delve into the intricacies of the industrial automation market reports, exploring key trends, challenges, and the influential role of automation in shaping India’s industrial future.
Ball Valves Market by Type (Trunnion-mounted, Floating, Rising Stem), Material (Stainless Steel, Cast Iron, Alloy-based), Size, Industry (Oil & Gas, Energy & Power, Water & Wastewater) and Region
Global artificial intelligence (ai) edge computing market size is expected to reach $43.77 Bn by 2028 at a rate of 15.6%, segmented as by component, hardware, software, services
Global digital twin market size is expected to reach $62.64 Bn by 2028 at a rate of 32.4%, segmented as by type, product digital twin, process digital twin, system digital twin
The global machine safety market size is estimated to be USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025, at a CAGR of 6.1%. The increasing focus on personal and asset protection and stringent equipment and machinery safety regulations are responsible for the growth of the machine safety market. Additionally, the rising use of IIoT to ensure better management and enhanced performance of industrial assets is also expected to be the major factor for market growth.
This ppt is guided by comprehensive insights and recent data, explores the intricate dynamics of the online education financing market, delving into the latest trends and market players shaping its trajectory.
Level Sensors Market by Technology (Contact ( Magnetostrictive, Vibratory Probe), and Noncontact (Ultrasonic, Optical)), Monitoring Type (Continuous Level Monitoring, and Point Level Monitoring), End-Use Application, and Geography
The industrial landscape is undergoing a seismic shift, driven by the relentless march of automation. From towering factories to assembly lines, robots and intelligent systems are weaving their way into every facet of production. This burgeoning trend presents a golden opportunity for the industrial automation market, projected to reach a staggering USD 395.09 billion by 2029, with a CAGR of 9.8%. Buckle up, decision-makers, because this blog dives deep into the market's dynamics, trends, and potential, equipping you to navigate this exciting industrial revolution.
The edge computing market is expected to grow from US$ 40.84 billion in 2022 to US$ 132.11 billion by 2028; the market is estimated to grow at a CAGR of 21.6% from 2022 to 2028.
The emergence of the Industrial Internet of Things (IIoT) solution is driving the industrial communication market. Over the past five years, IIoT has emerged as one of the most disruptive technology. It is transforming industrial process and automating operation across several industry verticals including automotive, manufacturing, energy, oil & gas, healthcare, and transportation
The Global Radiography Test Equipment market size accounted $2.67 billion in 2020 and is anticipated to witness significant market growth with a CAGR of 4.7% during the forecast period 2021 to 2026. Radiography is a non-destructive inspection method that use x-rays or gamma rays to determine the interior structure of any component.
The increasing cyber threats on critical infrastructure and the growing adoption of industrial automation and IoT are driving the demand for the market.
According to the latest research report by IMARC Group, The global hydropower market size reached 1.5 TW in 2022. Looking forward, IMARC Group expects the market to reach 1.6 TW by 2028, exhibiting a growth rate (CAGR) of 1.5% during 2023-2028. More Info:- https://www.imarcgroup.com/hydropower-market
The childcare management software market is estimated to account US$ 144.2 Mn in 2018 and is expected to grow at a CAGR of 7.8% during the forecast period 2018 – 2027, to account to US$ 293.9 Mn by 2027. Geographically, North America holds the largest childcare management software market share, owing to rapid technological developments, and numerous investments as well as initiatives taken by the government across North American countries.
The MulteFire market is expected to grow at a CAGR 34% during the forecast period 2021-2026. The market is driven by rising need for more scalable and better network connectivity for industrial IoT (IIoT) applications and Increasing demand for high-capacity and easy-to-install wireless connectivity networks. Deployment of 5G network, and initiative of MulteFire alliance are expected to provide substantial growth opportunities to players in the MulteFire market. View Complete Report @ https://whipsmartmi.com/Report/MulteFire-Market
Industrial Networking Solutions Market is expected to reach 69.9 billion by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. The rising adoption of connected factory and the machine to machine communication will significantly boost the Industrial Networking Solutions market and is estimated to gain a huge demand.
Industrial Internet of Things (IIoT) Market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023.
According to the latest research report by IMARC Group, The global adaptive security market size reached US$ 10.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.3 Billion by 2032, exhibiting a growth rate (CAGR) of 13.5% during 2024-2032. More Info:- https://www.imarcgroup.com/adaptive-security-market
The global industrial internet of things (IIoT) market is estimated to accrue USD 750 Billion during the forecast period (2018-2023), affirms Market Research Future (MRFR). The industrial internet of things (IIoT) can be comprehended as a subset of the more extensive internet of things (IoT), with the software and technology able to expedite the runtime of various processes. IIoT is based on the idea of broad-spectrum internet connectivity to specific business processes that make physical products for business sectors. Brows full report: https://www.marketresearchfuture.com/reports/industrial-internet-of-things-market-2135
The Indian industrial landscape is undergoing a significant transformation, driven by a surge in automation adoption. This trend is fueling the growth of the industrial automation market in India, which is poised for a remarkable journey in the coming years. Let's delve into the compelling statistics that vividly depict this dynamic market.
According to the latest research report by IMARC Group, The global manufacturing analytics market size reached US$ 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.5 Billion by 2032, exhibiting a growth rate (CAGR) of 18.2% during 2024-2032. More Info:- https://www.imarcgroup.com/manufacturing-analytics-market
More Information @ http://bit.ly/2uaI0eT The industrial Ethernet market is mainly driven by applications such as automotive & transport, electrical & electronics, aerospace & defense, energy & power, oil & gas, and chemical industries. Government initiatives for modernization and extension of power generation and distribution infrastructure and the adoption of IIoT for industrial Ethernet market applications to facilitate industrial automation in sectors, such as automotive and electronics, are expected to accelerate the market growth.
Future Market Insights has recently published a market research report on Global Digital Transformation in Manufacturing market. The study presents a detailed analysis on the historical data, current and future market scenario for the Digital Transformation in Manufacturing market.