DUBLIN, January 21, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q4cq86/industrial_iot) has announced the addition of the "Industrial IoT Market by Industry Vertical, Technology, Software, & Geography - Global Forecast to 2020" report to their offering.
The Industrial Internet of Things (IIoT) market is expected to reach USD 151.01 Billion by 2020.
IIoT is expected to generate many opportunities for various sectors such as manufacturing, metals & mining, and healthcare. It is likely to change the way production processes are executed and would benefit different businesses by enabling optimum utilization of resources, smart decision-making capabilities, improved asset monitoring, effective collaboration, and most importantly, opportunities to develop and test innovative technologies in the market.
The adoption of IIoT is becoming possible mainly because of the development in its supporting infrastructure which includes sensing technologies, cloud computing, standardization of IPv6, and advancements in wireless networks.
In the Industrial IoT Market, the healthcare sector is expected to grow at the highest CAGR between 2015 and 2020. IIoT solutions can revolutionize the healthcare sector through remote monitoring of critical patients in real-time. The data obtained from remote devices can be utilized for providing improved patient care and diagnostics.
APAC held the largest share of the Industrial IoT Market in 2014 and it is projected to grow at the second-highest CAGR between 2015 and 2020. The rising demand for automation technologies form the manufacturing and metals & mining sectors as well advancements in healthcare solutions are expected to drive the market in APAC.
One of the key factors restraining the growth of this market is the lack of common standards for interoperability between the numerous technologies operating in the IIoT ecosystem. IIoT is primarily a convergence of sensor technologies, networking infrastructure, industrial equipment, data processing, and software solutions for data manipulation and reporting.
- ABB Ltd.
- ARM Holdings PLC
- Cisco Systems, Inc.
- Dassault Systèmes SA
- General Electric Company
- Honeywell International Inc.
- Huawei Technology Co., Ltd.
- Intel Corporation
- International Business Machines Corporation (IBM)
- Kuka AG
- NEC Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Siemens AG
- Zebra Technologies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial Iot Market, By Industrial Vertical
8 Industrial Iot Market, By Technology
9 Industrial Iot Market, By Software
10 Industrial Iot Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/q4cq86/industrial_iot
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SOURCE Research and Markets