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At 7+% CAGR, Industrial IoT Market Potentially Worth $195.47 Billion by 2022 Led by Industrial Robotics Technology

The industrial IoT market is forecast to reach $195.47 billion by 2022 from $113.71 billion in 2015 at a CAGR of 7.89% during (2016-2022) driven by the need to implement predictive maintenance techniques in industrial equipment to monitor their health & a

PUNE, India, March 2, 2017 /PRNewswire-iReach/ -- The industrial robotics technology is expected to dominate the industrial IoT market during the forecast period. Industrial robotics is extremely vital in the manufacturing vertical for ensuring a higher production output while maintaining quality and safety on the plant floor. With the advancements in sensors, industrial robotics are becoming intelligent and are capable of handling most of the operations on their own, with minimum intervention from the workers. The vision for "smart factory" is also being realized through the deployment of these intelligent robots along with advanced computers and data analytics. Complete report on "Industrial IoT Market" spread across 228 pages, profiling 16 companies and supported with 129 tables and 75 figures is now available at http://www.rnrmarketresearch.com/industrial-iot-market-by-device-technology-sensors-rfid-industrial-robotics-dcs-condition-monitoring-smart-meters-ahs-camera-system-networking-technologies-software-plm-systems-mes-scada-vertical-st-to-2022-market-report.html .

The increasing demand for the IIoT solutions in the manufacturing vertical is fueling the growth of the IIoT market. The manufacturing vertical presents significant growth opportunities for the IIoT market in the coming years. This vertical is undergoing transformation through the use of advanced industrial automation tools, digital manufacturing methodologies, and software solutions such as production lifecycle management (PLM) systems, manufacturing execution systems (MES), and Supervisory Control and Data Acquisition (SCADA) systems. The concept of smart factory, which highlights the importance of adopting cyber-physical systems for controlling the operations, is a key driver for the IIoT market for the manufacturing vertical.

MES is estimated to held largest size of the industrial IoT market between 2016 and 2022. MES is projected to held largest share of the IIoT market segmented on the basis of software. The MES help the production plants with materials, orders, and production management functionalities to reduce the cost and improve the efficiency. Use of new analytical tools and real-time information, intelligence, new platforms, and other technologies such as digital dashboards and mobile devices are expected to drive demand for MES. The manufacturing vertical is one of the biggest beneficiaries of IIoT and MES is expected to play a major role in the overall development of this vertical.

The industrial IoT market in APAC is expected to grow at the highest rate. APAC is expected to hold the largest share of the IIoT market and is expected to grow at the highest rate during the forecast period. China, Japan, India, and some of the Southeastern countries are driving the growth of the IIoT market in APAC. The growth is attributed to the increased adoption of automation technologies in the manufacturing and mining sectors, advancements in healthcare facilities in the region, and deployment of smart grid solutions in China. The dense population, growing per capita income of this region, and large-scale industrialization and urbanization are the factors encouraging the growth of the IIoT market in APAC.

This research study is obliging for following audience:

  1. Original equipment manufacturers (OEMs)
  2. OEM technology solution providers
  3. Research institutes
  4. Market research and consulting firms
  5. Forums, alliances, and associations
  6. Technology investors
  7. Governments and financial institutions
  8. Analysts and strategic business planners
  9. End users willing to know more about the technology and the latest technological developments in the industry

The report profiles the key players in the industrial IoT market and analyzes their market ranking. The prominent players profiled in this report are ARM Ltd. (U.K.), Cisco Systems, Inc. (U.S.), General Electric (U.S.) Intel Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ABB (Switzerland), Texas Instruments Incorporated (U.S.), Dassault Systèmes (France), Honeywell International Inc. (U.S.), Huawei Technologies Co., Ltd. (China), IBM Corporation (U.S.), Kuka AG (Germany), NEC Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), and ZIH Corp. (U.S.). Download PDF Brochure "Industrial IoT Market by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=899099 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (21%), Tier 2 (32%) and Tier 3 (47%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (46%), D-Level (29%) and Managers (25%) from various key organizations operating in the Industrial IoT Market. The primary interviews were conducted worldwide covering regions such as North America (44%), Europe (29%), APAC (18%) and RoW (9%).

Research Coverage: This research report includes the segmentation of the IIoT market on the basis of device and technology, software, vertical, and geography. The report also provides Porter's five forces analysis, along with a description of each of its forces and their respective impact on the IIoT market; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

On a related note, another research titled Top Robotics Market Global Forecast to 2022 says, the industrial robotics segment of top robotics market is expected to grow at a CAGR of 11.92% between 2016 and 2022 to reach USD 79.58 billion by 2022. The top service robotics market expected to grow at a significant rate during the forecast period. Companies such as ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), Nachi-Fujikoshi Corp. (Japan), FANUC Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corp. (Japan), Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA (France), Honda Motor Co., Ltd. (Japan), Adept Technology, Inc. (U.S.), Aethon Inc. (U.S.), DeLaval International AB (Sweden), Lely Holding S.a.r.l. (Netherlands) and The LEGO Group (Denmark) have been profiled in this 134 pages research report available at http://www.rnrmarketresearch.com/top-robotics-market-by-industrial-robotics-articulated-scara-cylindrical-parallel-cartesian-service-robotics-logistics-domestic-medical-field-defense-rescue-and-security-entertainment-education-and-p-st-to-2022-market-report.html .

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