Industrial IoT Market Update, Analysis and Forecast Report, 2016 – 2024

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Industrial IoT Market Update, Analysis and
Forecast Report, 2016 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Industrial IoT Market

• In Europe, Industry 4.0 is an upcoming trend in
  Germany which is the fourth industrial revolution
  and cyber-physical systems concept introduced to
  segregate new evolution phase from electronic
  automation phase, driving the industrial IoT
  market. It is a global movement towards the
  future of the industry and manufacturing, which
  will offer growth opportunities for the
  industrial IoT market in the region.
• Asia Pacific industrial IoT market currently
  holds the largest share of the IoT market and is
  anticipated to grow at a high rate during the
  forecast period. The rise in demand for automated
  technologies from metals, mining, manufacturing
  industries, and developments in healthcare
  solutions are projected to drive the industrial
  IoT market in the region.

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• Application Analysis of Industrial IoT Market
• Semiconductor players have joined forces with
  hardware, software, networking companies with
  academic consortiums, and industry associations
  to develop formal and informal standards for
  industrial IoT applications. To overcome the
  factors hindering the industrial IoT market
  growth ATT, Cisco, Inc., GE, IBM, and Intel
  Corporation formed the Industrial Internet
  Consortium 2014. This consortium has over 150 and
  more companies as members working together to
  help define industry requirements standards,
  establish interoperability standards across
  environments and accelerate adoption of
  Industrial IoT. Other companies have been
  intensive on regulating the Application
  Programming Interfaces (APIs), allowing data
  transfer and basic commands amongst IoT devices.

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Competitive Market Share of Industrial IoT
Market

• ATT, Cisco, Inc., GE, IBM, Intel Corporation,
  Qualcomm, Accenture, Amazon, ARM, Atos, Bosch,
  Broadcom, Infosys, Google, Microsoft, National
  Instruments, Siemens, Tech Mahinda, Tata
  Consultancy Services, Unisys, Verizon, Zebra
  Technologies, and ZTE are the major companies
  contributing to the development and research of
  the industrial IoT market. Companies, such as
  General Electric (GE), have started providing
  integrated solutions for diagnostics and remote
  monitoring of critical patients using sensors and
  wireless technologies for the industrial IoT
  market.

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