This report investigates IIoT technologies, companies, applications, services, and solutions. Report forecasts include overall global and regional IIoT outlook as well as IIoT by industry vertical, software, hardware, and services for the period 2021 to 2026.
The total global IIoT market is forecast to reach $912.7B by 2026, driven by manufacturing and healthcare. Private wireless implementations are also forecast to be a major driver for IIoT adoption within all major production-oriented industries.
Select Research Findings:
AI in SCM solutions as a whole will reach $15.5B globally by 2026
The Asia Pac region is the largest and fastest-growing for AI in SCM
Cloud-based AI-as-a-Service for SCM will exceed $2.3B globally by 2026
AI SCM in edge computing for IoT enabled solutions will reach $4.8B by 2026
IIoT in manufacturing alone will reach $153.5 billion globally by 2026, growing at 17.9% CAGR
IIoT DaaS market for enterprise and industrial segments will reach $10.4 billion globally by 2026
IIoT data storage will reach $95.4 billion globally by 2026, led by manufacturing and healthcare verticals
Industrial Internet of Things (IIoT) solutions are poised to transform many industry verticals including healthcare, retail, automotive, and transport. For many industries, IIoT will significantly improve reliability, production, and customer satisfaction. While IIoT will initially improve existing processes and augmented current infrastructure, the ultimate goal will be to realize entirely new, and dramatically improved products and services.
Successful companies will be those that understand how and where IoT technologies and solutions will drive opportunities for operational improvements, new and enhanced products, and services, as well as completely new business models. IIoT will significantly improve reliability, production, and customer satisfaction. Initially focusing on improving existing processes and augmented current infrastructure, IIoT will rely upon as well as integrate with certain key technologies, devices, software, and applications.
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