Data Bridge Market Research has recently published the comprehensive business research on “Global Industrial Internet of Things (IoT) Platform Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Industrial Internet of Things (IoT) Platform Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers.
Industrial internet of things (IoT) platform support in terms of industrial internet, advanced predictive, brings together critical assets, modern industrial workers, and prescriptive analytics. Industrial internet of things (IoT) platform has incorporated IoT with a large number of industrial processes such as maintenance, automation, optimization and networking, among others. Henceforth, the Industry Internet of things is increasing the growth of the market due to the high level of performance and efficiency offered by IIoT during operations.
Data Bridge Market Research analyses that the industrial internet of things (IoT) platform market is expected to reach USD 1809.04 billion by 2030, which is USD 394.48 billion in 2022, at a CAGR of 20.97% during the forecast period. 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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Industrial Internet of Things (IoT) Platform Market Analysis:
The Industrial internet of things is commonly focused on machine-to-machine communication, big data, and ML to deliver better reliability and efficiency to support businesses and industries in their operations. The industrial internet of things provides industrial applications such as medical devices, software-defined production processes, and robotics. The industrial internet of things helps to deliver, exchange, monitor, analyze and deliver valuable new insights.
Top Leading Key Players of Industrial Internet of Things (IoT) Platform Market:
- Google LLC (U.S.)
- Cisco (US)
- AT&T (U.S.)
- Microsoft (U.S.)
- SAS Institute Inc., (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Intel Corporation (U.S.)
- Orcale (U.S.)
- IBM (U.S.)
- SAP (Germany)
- Accenture (Ireland)
- Schneider Electric (France)
- Siemens (Netherlands)
- EUROTECH (India)
- Qualcomm Technologies, Inc (U.S.)
- Software AG (Germany)
- Hitachi, Ltd. (Japan)
- eSOL (Japan)
- Siemens (Germany)
- Davra (U.S.)
- Atos SE (France)
- IO GmbH (Germany)
- Hitachi Vantara LLC (U.S.)
In 2021, Siemens AG collaborated with IBM Corporation to increase its industrial IoT platform to be recognised as edge computing platform. With this collaboration, Siemens digital industries software will apply on the IBM open hybrid cloud approach built on Red Hat OpenShift. As a result, upsurge the deployment flexibility of MindSphere. This will help in growing agility and speed across manufacturing plant operations and along the cloud for providing seamless updates, product support and enterprise connectivity.
In 2021, Silicon Labs launched Custom Part Manufacturing Service. This aids makers in modifying their Silicon Labs hardware at the industry. In the Silicon Labs hardware portfolio comprises wireless SoCs, MCUs and modules. This type of function can help customers to track throughout the entire chip’s journey.
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Global Industrial Internet of Things (IoT) Platform Market Segmentations:
- Remote Monitoring
- Data Management
- Security Solutions
- Connectivity Management
- Application management
- Device Management
- Asset Management
- Supply Chain and Management
- Business Process Optimization
- Workforce Management
- Automation Control
- Emergency and Incident Management
- Process Industry
- Energy and Utilities
- Chemical and Materials
- Food and Beverages
- Discrete Industry
- Machine Manufacturing
- Semiconductor and Electronics
- Medical Devices
- Logistics and Transportation
Industrial Internet of Things (IoT) Platform Market Regional Analysis/Insights
The industrial internet of things (IoT) platform market is analyzed and market size insights and trends are provided by country, component, application area and industry vertical as referenced above.
The countries covered in the industrial internet of things (IoT) platform market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the industrial internet of things (IoT) platform market in terms of revenue and market share due to increasing adoption of connected technology across numerous verticals, such as manufacturing, healthcare, and other. Moreover, the strong presence of major market players cross countries in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 due to adoption of intelligent technologies, mainly in China and India in this region.
Industrial Internet of Things (IoT) Platform Market Report Answers the Following Questions:
- How much revenue will the Industrial Internet of Things (IoT) Platform market generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the Industrial Internet of Things (IoT) Platform market?
- Which regions are currently contributing the maximum share of the overall Industrial Internet of Things (IoT) Platform market?
- What indicators are likely to stimulate the Industrial Internet of Things (IoT) Platform market?
- What are the main strategies of the major players in the Industrial Internet of Things (IoT) Platform market to expand their geographic presence?
- What are the main advances in the Industrial Internet of Things (IoT) Platform market?
- How do regulatory standards affect the Industrial Internet of Things (IoT) Platform market?
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-industrial-iot-platform-market
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