Industrial IoT Market Europe size is expected to reach US$ 54.8 Bn. by 2029, growing at a CAGR of 10.7% during the forecast period. Industrial IoT Market Europe is a flourishing market and has seen numerous advancements and evolutions in the last decade. The industrial internet of things or in other words known as IIoT is used for the various sets of hardware pieces that are working together on delivering thongs through IoT connectivity to help in manufacturing and industrial processes. In manufacturing specifically, IIoT holds huge potential related to quality control, sustainable and green practices, and value chain & supply chain traceability along with overall efficiency. In any normal industrial setting, Industrial IoT Market Europe forms the key to processes which includes predictive maintenance (PdM), improved field services, energy management as well as the asset tracking. IIoT is the amalgamation of a defined device network that is connected via communications technologies to form different systems that monitor, collect, exchange as well as analyze data, delivering important insights. It enables companies to take smarter business decisions much faster.To know about the Research Methodology:-Request Free Sample Report
An industrial IoT system usually comprises of:
intelligent assets data communications infrastructure analytics and applications and people Edge devices and the various intelligent assets convey information straight to the data communications infrastructure, where it is further converted into actionable information. This information is then used for predictive maintenance, as well as for optimizing business processes. One of the biggest benefits for the industrial internet of things is the business affordability for predictive maintenance. It involves organizations using the real-time data generated from different IIoT systems to predict various defects in machinery. Another common benefit remains the improved field service. IIoT technologies have helped the field service technicians identify the probable issues in customer equipment before they gradually become major issues, enabling the technicians to fix the problems before any kind of inconvenience is caused to customers. In April 2013, the Hanover Messe conference in Germany, have led the guiding principles of Industry 4.0 were released. Industry 4.0 is considered the fourth Industrial Revolution, where the industry analysts have forecasted a significant as well as broad economic impact. The application of the IIoT with artificial intelligence and machine learning for predictive maintenance 4.0 is a core element of Industry 4.0. Companies in Europe are working on delivering the optimum level of service to their customers using the IoT technology that has been at the forefront of the revolution in Industrial IoT Market Europe. The objective of the report is to present comprehensive analysis Industrial IoT Market for Asia Pacific including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Industrial IoT Market for Asia Pacific dynamics, structure by analyzing the market segments, and project the Industrial IoT Market for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Industrial IoT Market for Asia Pacific make the report investor’s guide.Scope Of The Industrial IoT Market : Inquire before buying
Global Industrial IOT Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 26.89 Bn. Forecast Period 2023 to 2029 CAGR: 10.7% Market Size in 2029: US $ 54.80 Bn. Segments Covered: by Device & Technology Sensor RFID Industrial Robotics DCS Condition Monitoring Smart Meter Camera System Networking Technology by Software PLM MES SCADA by Vertical Manufacturing Energy Oil &Gas Metal & Mining Healthcare Retail Transportation Agriculture Industrial IoT Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players :
1. GE Digital 2. Siemens 3. Schneider Electric 4. SAP 5. Bosch 6. KUKA 7. Fanuc 8. ABB 9. Honeywell 10.Cisco 11.Lantronix 12.CGI 13.Vodafone 14.ARM 15.Gemalto 16.Ericsson 17.Capgemini 18.Atos SEFrequently Asked questions
1. What is the market size of the Global Industrial IOT Market in 2022? Ans. The market size Global Industrial IOT Market in 2022 was US$ 26.89 Billion. 2. What are the different segments of the Global Industrial IOT Market? Ans. The Global Industrial IOT Market is divided into Technology, Software and Vertical 3. What is the study period of this market? Ans. The Global Industrial IOT Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Industrial IOT Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Industrial IOT Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
Industrial IoT Market Europe 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Europe Industrial IoT Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Europe Industrial IoT Market Analysis 6.1. Key Findings 6.2. Europe Industrial IoT Market Overview 6.3. Europe Industrial IoT Market Value Share Analysis, by Device & Technology 6.4. Europe Industrial IoT Market Forecast, by Device & Technology 6.4.1. Sensor 6.4.2. RFID 6.4.3. Industrial Robotics 6.4.4. DCS 6.4.5. Condition Monitoring 6.4.6. Smart Meter 6.4.7. Camera System 6.4.8. Networking Technology 6.5. Europe Industrial IoT Market Value Share Analysis, by Software 6.6. Europe Industrial IoT Market Forecast, by Software 6.6.1. PLM 6.6.2. MES 6.6.3. SCADA 6.7. Europe Industrial IoT Market Value Share Analysis, by Vertical 6.8. Europe Industrial IoT Market Forecast, by Vertical 6.8.1. Manufacturing 6.8.2. Energy 6.8.3. Oil &Gas 6.8.4. Metal & Mining 6.8.5. Healthcare 6.8.6. Retail 6.8.7. Transportation 6.8.8. Agriculture 6.9. Europe Industrial IoT Market Value Share Analysis, by Country 6.10. Europe Industrial IoT Market Forecast, by Country 6.10.1. Germany 6.10.2. U.K. 6.10.3. France 6.10.4. Italy 6.10.5. Spain 6.10.6. Rest of Europe 6.11. Europe Industrial IoT Market Analysis, by Country 7. Germany Industrial IoT Market Forecast, by Device & Technology 7.1.1. Sensor 7.1.2. RFID 7.1.3. Industrial Robotics 7.1.4. DCS 7.1.5. Condition Monitoring 7.1.6. Smart Meter 7.1.7. Camera System 7.1.8. Networking Technology 7.2. Germany Industrial IoT Market Forecast, by Software 7.2.1. PLM 7.2.2. MES 7.2.3. SCADA 7.3. Germany Industrial IoT Market Forecast, by Vertical 7.3.1. Manufacturing 7.3.2. Energy 7.3.3. Oil &Gas 7.3.4. Metal & Mining 7.3.5. Healthcare 7.3.6. Retail 7.3.7. Transportation 7.3.8. Agriculture 8. U.K. Industrial IoT Market Forecast, by Device & Technology 8.1.1. Sensor 8.1.2. RFID 8.1.3. Industrial Robotics 8.1.4. DCS 8.1.5. Condition Monitoring 8.1.6. Smart Meter 8.1.7. Camera System 8.1.8. Networking Technology 8.2. U.K. Industrial IoT Market Forecast, by Software 8.2.1. PLM 8.2.2. MES 8.2.3. SCADA 8.3. U.K. Industrial IoT Market Forecast, by Vertical 8.3.1. Manufacturing 8.3.2. Energy 8.3.3. Oil &Gas 8.3.4. Metal & Mining 8.3.5. Healthcare 8.3.6. Retail 8.3.7. Transportation 8.3.8. Agriculture 9. France Industrial IoT Market Forecast, by Device & Technology 9.1.1. Sensor 9.1.2. RFID 9.1.3. Industrial Robotics 9.1.4. DCS 9.1.5. Condition Monitoring 9.1.6. Smart Meter 9.1.7. Camera System 9.1.8. Networking Technology 9.2. France Industrial IoT Market Forecast, by Software 9.2.1. PLM 9.2.2. MES 9.2.3. SCADA 9.3. France Industrial IoT Market Forecast, by Vertical 9.3.1. Manufacturing 9.3.2. Energy 9.3.3. Oil &Gas 9.3.4. Metal & Mining 9.3.5. Healthcare 9.3.6. Retail 9.3.7. Transportation 9.3.8. Agriculture 10. Italy Industrial IoT Market Forecast, by Device & Technology 10.1.1. Sensor 10.1.2. RFID 10.1.3. Industrial Robotics 10.1.4. DCS 10.1.5. Condition Monitoring 10.1.6. Smart Meter 10.1.7. Camera System 10.1.8. Networking Technology 10.2. Italy Industrial IoT Market Forecast, by Software 10.2.1. PLM 10.2.2. MES 10.2.3. SCADA 10.3. Italy Industrial IoT Market Forecast, by Vertical 10.3.1. Manufacturing 10.3.2. Energy 10.3.3. Oil &Gas 10.3.4. Metal & Mining 10.3.5. Healthcare 10.3.6. Retail 10.3.7. Transportation 10.3.8. Agriculture 11. Spain Industrial IoT Market Forecast, by Device & Technology 11.1.1. Sensor 11.1.2. RFID 11.1.3. Industrial Robotics 11.1.4. DCS 11.1.5. Condition Monitoring 11.1.6. Smart Meter 11.1.7. Camera System 11.1.8. Networking Technology 11.2. Spain Industrial IoT Market Forecast, by Software 11.2.1. PLM 11.2.2. MES 11.2.3. SCADA 11.3. Spain Industrial IoT Market Forecast, by Vertical 11.3.1. Manufacturing 11.3.2. Energy 11.3.3. Oil &Gas 11.3.4. Metal & Mining 11.3.5. Healthcare 11.3.6. Retail 11.3.7. Transportation 11.3.8. Agriculture 12. Rest of Europe Industrial IoT Market Forecast, by Device & Technology 12.1.1. Sensor 12.1.2. RFID 12.1.3. Industrial Robotics 12.1.4. DCS 12.1.5. Condition Monitoring 12.1.6. Smart Meter 12.1.7. Camera System 12.1.8. Networking Technology 12.2. Rest of Europe Industrial IoT Market Forecast, by Software 12.2.1. PLM 12.2.2. MES 12.2.3. SCADA 12.3. Rest of Europe Industrial IoT Market Forecast, by Vertical 12.3.1. Manufacturing 12.3.2. Energy 12.3.3. Oil &Gas 12.3.4. Metal & Mining 12.3.5. Healthcare 12.3.6. Retail 12.3.7. Transportation 12.3.8. Agriculture 12.4. Europe Industrial IoT Market Attractiveness Analysis 12.4.1. By Device & Technology 12.4.2. By Software 12.4.3. By Vertical 12.5. PEST Analysis 12.6. Key Trend 12.7. Key Development 13. Company Profiles 13.1. Market Share Analysis, by Company 13.2. Competition Matrix 13.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 13.2.2. New Product Launches and Product Enhancements 13.2.3. Market Consolidation 13.2.3.1. M&A by Region, Investment and Applications 13.2.3.2. M&A Key Players, Forward Integration and Backward Integration 13.3. Company Profiles: Key Players 13.3.1. GE Digital 13.3.1.1. Company Overview 13.3.1.2. Financial Overview 13.3.1.3. Product Portfolio 13.3.1.4. Business Strategy 13.3.1.5. Recent Developments 13.3.1.6. Manufacturing Footprint 13.3.2. Siemens 13.3.3. Schneider Electric 13.3.4. SAP 13.3.5. Bosch 13.3.6. KUKA 13.3.7. Fanuc 13.3.8. ABB 13.3.9. Honeywell 13.3.10. Cisco 13.3.11. Lantronix 13.3.12. CGI 13.3.13. Vodafone 13.3.14. ARM 13.3.15. Gemalto 13.3.16. Ericsson 13.3.17. Capgemini 13.3.18. Atos SE 14. Primary Key Insights