Industrial Internet of Things (IIoT) Industry Overview: Size, Value, and Forecast Outlook (2023-2028)

Industrial Internet of Things (IIoT) Market Poised for 23.5% CAGR Growth Through 2028 – MarkNtel Advisors

MarkNtel Advisors has released its comprehensive analysis of Industrial Internet of Things (IIoT) Market, projecting a steady 23.5% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.

Industrial Internet of Things (IIoT) Market Statistics:

Study Period- Historical Data: 2018-21

Base Year: 2022

Forecast Period: 2023-28

CAGR (2023-2028): 23.5%

Market Study Report Coverage:

1. Market Fundamentals: Size, share, Revenue, and historical performance metrics.
2. Emerging Trend: Origin of 5G Technology to Be a New Trend
3. Geographical Analysis: Growth hotspots across – Region Add
4. Competitive Benchmarking: Market leaders vs. emerging players.

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Industrial Internet of Things (IIoT) Market Segmentation Analysis (2023–2028)

The study analyzes significant trends in each segment of Industrial Internet of Things (IIoT) Market report, as well as growth estimates for 2023–2028 at the geographical levels.

As per the Report the market segment bifurcated into:

By Components

• Hardware- Market Size & Forecast 2018-2028F, USD Million
  • Sensors- Market Size & Forecast 2018-2028F, USD Million
  • RFID- Market Size & Forecast 2018-2028F, USD Million
  • Industrial Robotics- Market Size & Forecast 2018-2028F, USD Million
  • Distributed Control Systems- Market Size & Forecast 2018-2028F, USD Million
  • Condition Monitoring- Market Size & Forecast 2018-2028F, USD Million
  • Smart Meters- Market Size & Forecast 2018-2028F, USD Million
  • Electronic Shelf Labels- Market Size & Forecast 2018-2028F, USD Million
  • Cameras- Market Size & Forecast 2018-2028F, USD Million
  • Smart Beacons- Market Size & Forecast 2018-2028F, USD Million
  • Interface Boards- Market Size & Forecast 2018-2028F, USD Million
  • Yield Monitors- Market Size & Forecast 2018-2028F, USD Million
  • Guidance and Steering- Market Size & Forecast 2018-2028F, USD Million
  • Flow & Application Control Devices- Market Size & Forecast 2018-2028F, USD Million
  • Networking Component- Market Size & Forecast 2018-2028F, USD Million
• Software & Services- Market Size & Forecast 2018-2028F, USD Million

By Connectivity

• Wired Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Ethernet- Market Size & Forecast 2018-2028F, USD Million
  • Modbus- Market Size & Forecast 2018-2028F, USD Million
  • Profinet- Market Size & Forecast 2018-2028F, USD Million
  • Foundation Field Bus- Market Size & Forecast 2018-2028F, USD Million
• Wireless Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Wi-Fi- Market Size & Forecast 2018-2028F, USD Million
  • Zigbee- Market Size & Forecast 2018-2028F, USD Million
  • Bluetooth- Market Size & Forecast 2018-2028F, USD Million
  • Cellular Technologies- Market Size & Forecast 2018-2028F, USD Million
  • Satellite Technologies- Market Size & Forecast 2018-2028F, USD Million

By Application

• Product Lifecycle Management- Market Size & Forecast 2018-2028F, USD Million
• Manufacturing and Executions Systems- Market Size & Forecast 2018-2028F, USD Million
• Supervisory Control and Data Acquisition (SCADA) – Market Size & Forecast 2018-2028F, USD Million
• Outage Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Distribution Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Remote Monitoring- Market Size & Forecast 2018-2028F, USD Million
• Retail Management- Market Size & Forecast 2018-2028F, USD Million
• Transit Management Systems- Market Size & Forecast 2018-2028F, USD Million
• Predictive Maintenance- Market Size & Forecast 2018-2028F, USD Million
• Others (Visualization Software, Farm Management, etc.) – Market Size & Forecast 2018-2028F, USD Million

By End Users

• Manufacturing- Market Size & Forecast 2018-2028F, USD Million
  • Automotive- Market Size & Forecast 2018-2028F, USD Million
  • Machinery- Market Size & Forecast 2018-2028F, USD Million
  • Food & Beverages- Market Size & Forecast 2018-2028F, USD Million
  • Chemicals and Materials- Market Size & Forecast 2018-2028F, USD Million
  • Electrical and Electronics- Market Size & Forecast 2018-2028F, USD Million
  • Pharmaceuticals- Market Size & Forecast 2018-2028F, USD Million
• Energy- Market Size & Forecast 2018-2028F, USD Million
• Oil & Gas- Market Size & Forecast 2018-2028F, USD Million
• Metal & Mining- Market Size & Forecast 2018-2028F, USD Million
• Healthcare- Market Size & Forecast 2018-2028F, USD Million
• Retail- Market Size & Forecast 2018-2028F, USD Million
• Transportation- Market Size & Forecast 2018-2028F, USD Million
• Agriculture- Market Size & Forecast 2018-2028F, USD Million

The Manufacturing sector is expected to account for the most prominent market share & to grow with the highest growth rate in the future year.

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Industrial Internet of Things (IIoT) Market Sector Growth Driver:–

Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry to Drive the Market Growth – The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.

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Industrial Internet of Things (IIoT) Market Competitive Outlook (2023–2028)

This section discusses the major participants in Industrial Internet of Things (IIoT) Market, with a focus on securing new contracts in developing nations to strengthen their footprint

Competitive Analysis Cover:

• Business Description
• Product Segments
• Strategic Alliances or Partnerships
• Recent Developments
• Financial Details
• Others

List of Major Industrial Internet of Things (IIoT) Market Competitor

• Cisco Systems, Inc.
• GE
• Honeywell
• Intel
• IBM
• ABB
• Telefonica
• Robert Bosch
• Rockwell Automation
• Siemens
• Accenture
• Capgemini
• Texas Instrument
• ARM Holding
• PTC
• HCL
• Maverick

Industrial Internet of Things (IIoT) Industry Recent Developments –

• 2023: Cisco Systems announced the launch of Next-Gen Solutions that would empower the productivity & security with a generative AI across the industrial sector.

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Frequently Asking Questions (FAQ’s):

• What specific areas and industries are covered in Industrial Internet of Things (IIoT) Market research report?
• How big is Industrial Internet of Things (IIoT) industry?
• Which companies have the largest Industrial Internet of Things (IIoT)Market share?
• What opportunities, challenges, and driving forces characterize Industrial Internet of Things (IIoT) sector?

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