Industrial Internet of Things Market is estimated to hit $ 186.32 billion by 2023

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Industrial Internet of Things Market is estimated
to hit 186.32 billion by 2023
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The global Industrial Internet of Things market
is estimated to reach 186.32 billion in 2023,
growing at a CAGR of 21 from 57.215 billion in
2017. The increase in the operational efficiency,
collaboration between humans and machines,
connected eco-systems, is projected to drive the
market growth rate for IIoT. Manufacturing
remained the dominant end-user industry for
Industrial IoT market, with 29.140 billion in
2017, and will reach 121.534 billion, followed
by Oil Gas. Healthcare will remain the fastest
growing industry vertical for Industrial IoT,
with a CAGR of 59.8, followed by Energy having a
CAGR of 39.7 in the forecast period.
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Selected Analysis done in the full Report

• Patent analysis of Industrial Internet of Things
  (IIoT) was conducted to analyze the developments
  being carried out in the market, thereby
  reflecting the growth of the same during the
  period.
• Network Management Protocols and Wireless
  Communication Network domains in the IIoT market
  witnessed significant number of patents over the
  period of ten years.
• Samsung Electronics, Cisco , Intel and other
  electronic goliaths have invested substantially
  in the RD to develop industrial IoT solutions
  that can create product differentiation in the
  IIoT market.

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Excerpts on Market Growth Factors Mentioned in
the Full Report
The high adoption of IIoT in transportation is
acting like a major driving force that propels
the industrial Internet of Things market
growth. Growing need for automation for
operations for power generation and transmission
will drive the market for IIoT in the Energy
sector. The growing IoT revolution in
manufacturing, transport and energy sectors will
drive the significant growth for Industrial
Internet of Things Market during the forecast
period.
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Key Players of the PCB Market

• MICROSOFT CORPORATION
• ORACLE CORPORATION
• ROCKWELL AUTOMATION, INC
• REAL-TIME INNOVATIONS, INC. (RTI)
• OMRON CORPORATION and More

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Company Profile
Analyst Briefing
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About IndustryARC
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