NEW YORK , July 27, 2022 /PRNewswire/ -- Data Bridge Market research has recently released expansive research titled "Global Industrial Internet of Things (IoT) Market" guarantees you will remain better informed than your competition. An outstanding Industrial Internet of Things (IoT) Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Industrial Internet of Things (IoT) industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. The report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in the Industrial Internet of Things (IoT) Market industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the superior Industrial Internet of Things (IoT) Market report.
Global industrial internet of things (IoT) market was valued at USD 76.70 billion in 2021 and is expected to reach USD 176.12 billion by 2029, registering a CAGR of 10.95% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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According to the estimates, the internet of things (IoT) is expected to gain mainstream industry use after years of anticipation. The market expansion would be stimulated by various industry titans' rising investments in the industrial internet of things (IoT) sector. Moreover, the accelerating pace of industrialization and the emergence of automation coupled with the increased use of industrial internet of things (IIoT) by various manufacturing sectors and the aviation and transportation industries are estimated to propel the market's overall growth.
The extension and application of the internet of things (IoT) in industrial sectors and applications is referred to as the industrial internet of things (IIoT). The Machine-to-Machine (M2M) Internet of Things (IIoT) enables businesses and industries to operate more efficiently and reliably because to its strong emphasis on M2M connectivity, big data, and machine learning. Industrial applications such as robotics, medical technology, and software-defined production processes are all included in the IIoT.
Some of the major players operating in the Industrial Internet of Things (IoT) Market are:
Qualcomm Technologies Inc. (U.S.),
Texas Instruments Incorporated (U.S.),
Honeywell International Inc. (U.S.), and
Hewlett Packard Enterprise Development LP (U.S.),
Intel Corporation (U.S.) among others
In May 2020 , Climax Technology Co. Ltd. producer of wireless alarm systems, introduced the SVGS Series of shock, vibration, and glass break sensors, including the SVGS-3-F1, SVGS-3, SVGS-5-F1, and SVGS-5 with a battery life of around 4-5 years. These sensors' operational temperatures and humidity range are -100C to 450C and 85 percent, respectively. The portable wireless industrial internet of things (IoT) may be quickly and easily mounted on glass windows, doors, roofs, or safety boxes. It can detect a single significant shock event or a series of minor shock events.
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Technological advancements are estimated to generate lucrative opportunities for the market, further expanding the industrial internet of things market's growth rate. The key firms are now able to provide their end users with improved industrial internet of things (IIoT) products due to technological advancements. Manufacturers have been prompted to cut operational costs by 50% as a result of integrating smart sensors into industrial machinery, and this trend is anticipated to continue during the projected period. Additionally, virtual and augmented reality provide consumers a 360-degree view of an object before it is made in reality.
High Adoption Of Cloud-Based Deployment Model
Additionally, the surging adoption of the cloud-based deployment model as utilizing the cloud enables businesses to offer better IoT services to different industrial verticals. There are significant prospects for small and medium-sized businesses in the demand for low-cost data storage, backup, and data protection (SMEs). This factor is further projected to offer numerous growth prospects to the industrial internet of things (IoT) market during the forecast period.
Flow and Application Control Device
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Industrial Internet of Things (IoT) Market Dynamics
Growing adoption of Artificial Intelligence (AI) and Internet of Things (IoT)
The adoption of artificial intelligence (AI) and internet of things (IoT) technologies in the manufacturing industry has been accelerating since the birth of Industry 4.0. Systems that integrate artificial intelligence (AI) and internet of things (IoT) enable manufacturing process optimization, offer early warnings, aid in quality control, and predict machine equipment failure. Manufacturers may stand out from the competition by creating cutting-edge AI applications by acquiring precise data. In industrial plants without a regular workforce, tasks such as the condition monitoring and equipment maintenance are completed with the aid of AI and machine learning (ML) algorithms.
The industrial internet of things (IIoT) industry has expanded as a result of the creation of Internet Protocol version 6 (IPv6), since the number of devices linked to the internet is increasing globally at an exponential rate. The exponential growth in the number of linked items was too much for IP version 4 (IPv4) to handle. The adoption of IPv6 is further estimated to dramatically increase demand for industrial internet of things technologies worldwide. This protocol is the most effective for internet of things (IoT) and enables an open design.
Important Facts about This Market Report:
Industrial internet of things research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details
The Industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions
This research presents some parameters such as production value, marketing strategy analysis, Distributors/Traders and effect factors are also mentioned
The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed
The import and export details along with consumption value and production capability of every region is mentioned in the report
Part 02: Scope of the Report
Part 03: Global Industrial Internet of Things (IoT) Market Landscape
Part 04: Global Industrial Internet of Things (IoT) Market Sizing
Part 05: Global Industrial Internet of Things (IoT) Market Segmentation By Product
Part 11: Industrial Internet of Things (IoT) Market Trends
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Industrial Lighting Market, By Light Source (LED Lighting, High Intensity Discharge (HID) Lighting, Fluorescent Lighting and Others), Offering (Lamps and Luminaires, Control Systems and Services), Installation Type (New Installation, Replacement Installation and Retrofit Installation), Product (Industrial Linear Lighting, Spot Lighting, Flood Lighting/Area Lighting and High Bay Lighting), Application (Warehouse and Cold Storage, Factory and Production Lines, Outer Premises, Parking Areas, Hazardous Locations and Others) https://www.databridgemarketresearch.com/reports/global-industrial-lighting-market
Industrial Access Control Market, By Component (Hardware, Software), Service (Installation and Integration, Support and Maintenance Services), Application (Automotive, Aerospace, Utilities, Machinery and Electronics, Chemical and Synthetics, Pulp & Paper, Steel and Metal, Pharmaceuticals and Cosmetics, Others) https://www.databridgemarketresearch.com/reports/global-industrial-access-control-market
Industrial Automation Market, By Type (Fixed Automation and Programmable Automation), Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors and Industrial 3D Printing), Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), Product Lifecycle Management (PLM), Functional Safety and Plant Asset Management (PAM)), Industry (Process Industry and Discrete Industry) https://www.databridgemarketresearch.com/reports/global-industrial-automation-market
Industrial Services Market, By Type (Engineering and Consulting, Installation and Commissioning, Operational Improvement and Maintenance), Application (Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Electric Motors and Drives, Valves and Actuators, Human Machine Interface, Manufacturing Execution System, Safety Systems, Industrial PC, Industrial 3D Printing, Industrial Robotics), End User (Oil and Gas, Healthcare and Pharmaceuticals Chemicals, Automotive, Water and Wastewater, Chemicals, Food and Beverages, Energy and Power, Semiconductor and Electronics, Paper and Pulp, Metals and Mining, Aerospace, Others) https://www.databridgemarketresearch.com/reports/global-industrial-services-market
Industrial Robots Market, By Type (Traditional Industrial Robots, Collaborative Robots), Industry (Automotive, Electrical and Electronics, Plastics, Rubber, and Chemicals, Metals and Machinery, Food and Beverages, Precision Engineering and Optics, Pharmaceuticals and Cosmetics, Others), Technology (Motion Control and Drives Systems, Robotics Systems, Integrated Manufacturing Systems, Machine Vision Systems, Manufacturing Execution Systems, Programmable Logic Control System, Others) https://www.databridgemarketresearch.com/reports/global-industrial-robots-market
Industrial Display Market, By Type (Rugged Displays, Open Frame Monitors, Multi-Touch (P-Cap) Display, Front Display, USB Type-C Display, SDI Display, Rear Mount Display, Panel Mount Monitors, Marine Displays, Video Walls, Others), Panel Size (Upto 14 Inches, 14 Inches to 21 Inches, 21 to 40 Inches, 40 Inches and Above), Technology (LCD, LED, OLED, E-Paper Display), Communication Type (Serial, Ethernet, Mobile Network, Industrial Communication, RF/Zigbee/IR, Jason/MQTT, Others), Application (HMI, Remote Application, Interactive Display, Digital Signage, Imaging), Vertical (Manufacturing, Energy & Power, Military & Avionics, Oil & Gas, Metals & Mining, Transportation, Others) https://www.databridgemarketresearch.com/reports/global-industrial-display-market
Industrial PC Market, By Type (Industrial Panel PC, Box IPC, Embedded Panel PC, Embedded Box IPC, DIN Rail Industrial IPC, Thin Client Industrial IPC, Rack Mount Industrial IPC), Data Storage Medium (Solid State and Rotating), Maximum RAM Capacity (512 KB to 512 MB, 512 MB to 3 GB, 3 GB to 8 GB, 8 GB to 64 GB, More Than 64 GB), End-User Industry (Process Industries, Discrete Industries) https://www.databridgemarketresearch.com/reports/global-industrial-pc-market
Industrial Machine Vision Market, By Component (Hardware, Software), Product Type (PC-Based Machine Vision Systems, Smart Camera-Based Vision Systems), Technology (Laser, Imaging, Augmented), End User (Automotive, Consumer Electronics, Electronics and Semiconductor, Healthcare, Printing, Metals, Wood and Paper, Food and Packaging, Rubber and Plastics, Pharmaceuticals, Glass, Machinery, Solar Panel Manufacturing), Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification) https://www.databridgemarketresearch.com/reports/global-industrial-machine-vision-market
Industrial Networking Solutions Market, By Component (Technologies, Services), Technology (WLAN, SDWAN, IIoT), Deployment (Cloud, On-premises), Application Area (Remote Monitoring, Asset Tracking And Management, Supply Chain Management, Real-Time Streaming And Video, Emergency And Incident Management, Predictive Maintenance), Industry Size (Small and Medium Scale Industries, Large Scale Industries), Vertical (Discrete Industry, Process Industry) https://www.databridgemarketresearch.com/reports/global-industrial-networking-solutions-market
Industrial Cloud Platform Market, By Solution (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Human–Machine Interface (HMI), Product Lifecycle Management (PLM) and Others), Platform and Professional Service (Platform and Professional services), End-User Industry (Oil and Gas, Electric Power Generation, Chemicals, Water and Wastewater Management, Food and Beverages, Mining and Metal, Paper and Pulp, Pharmaceutical and Others) https://www.databridgemarketresearch.com/reports/global-industrial-cloud-platform-market
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