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Global IIoT Platform Market Size study, by Offering (Platform, Services), by Application (Asset Management, Supply Chain Management, Business Process Optimization, Workforce Management, Automation Control, Emergency and Incident Management), by Vertical (Energy and Utilities, Chemical and Materials, Food & Beverages, Automotive, Semiconductor and Electronics, Medical Devices, Machine Manufacturing, Others) and Regional Forecasts 2020-2027

  • BIZ4259120
  • 200 Pages
  • March 2021
  • ICT & Media
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Global IIoT Platform Market is valued at approximately USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2020-2027. An Industrial IoT (IIoT) platform is a rapidly growing part of IoT technology, encompassing a set of functions for IoT data analytics, modern sensor technologies, edge device management, and connectivity solutions. These functions has the ability to improve industrial operations and industrial equipment performance with predictive maintenance, remote monitoring, and extensive device data analytics. On a wider scale, an IIoT platform is a key enabler of Industry 4.0, which integrates modern cloud computing, IIoT and AI to make self-optimizing, intelligent industrial equipment and production facilities. By linking industrial equipment and production facilities together with wireless connectivity and gathering sensor data from the equipment, numerous manufacturers can precisely ascertain the current state of machines, detect potential failures, plan maintenance schedules and optimize their performance accordingly. This has significantly increased the adoption of IIoT platform all over the world. Furthermore, the rise in funding by Industrial Internet of Things (IIoT) companies on development of digital products, along with the growing need for predictive maintenance and centralized monitoring of assets are few other factors responsible for the high CAGR of the market during the forecast period. For instance, in December 2019, WITRAC, a start-up focusing in IIoT solutions for manufacturing and logistic companies has secured $3.3 million of funding to accelerate the development of its IIoT software and hardware products in key areas such as analytics and advanced data processing. This, in turn, is expected to strengthen the market growth all over the world. However, the lack of standardization regarding IoT protocols, coupled with dearth of technical skill workforce are the few major factors inhibiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global IIoT Platform market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in government support for the implementation of IIoT platforms, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in investment n smart manufacturing along with the increasing rate of industrialization & urbanization in developing countries, such as China and India, would create lucrative growth prospects for the IIoT Platform market across the Asia-Pacific region.

Major market player included in this report are:

Software AG

PTC Inc.

Hitachi, Ltd.

IBM Corp.

Microsoft Corp.

Cisco Systems, Inc.

Intel Corporation

SAP SE

Siemens AG

Accenture plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

Platform

Services

By Application:

Asset Management

Supply Chain Management

Business Process Optimization

Workforce Management

Automation Control

Emergency and Incident Management

By Vertical:

Energy and Utilities

Chemical and Materials

Food & Beverages

Automotive

Semiconductor and Electronics

Medical Devices

Machine Manufacturing

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global IIoT Platform Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. IIoT Platform Market, by Region, 2018-2027 (USD Billion)

1.2.2. IIoT Platform Market, by Offering, 2018-2027 (USD Billion)

1.2.3. IIoT Platform Market, by Application, 2018-2027 (USD Billion)

1.2.4. IIoT Platform Market, by Vertical, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global IIoT Platform Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global IIoT Platform Market Dynamics

3.1. IIoT Platform Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global IIoT Platform Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global IIoT Platform Market, by Offering

5.1. Market Snapshot

5.2. Global IIoT Platform Market by Offering, Performance - Potential Analysis

5.3. Global IIoT Platform Market Estimates & Forecasts by Offering 2017-2027 (USD Billion)

5.4. IIoT Platform Market, Sub Segment Analysis

5.4.1. Platform

5.4.2. Services

Chapter 6. Global IIoT Platform Market, by Application

6.1. Market Snapshot

6.2. Global IIoT Platform Market by Application, Performance - Potential Analysis

6.3. Global IIoT Platform Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

6.4. IIoT Platform Market, Sub Segment Analysis

6.4.1. Asset Management

6.4.2. Supply Chain Management

6.4.3. Business Process Optimization

6.4.4. Workforce Management

6.4.5. Automation Control

6.4.6. Emergency and Incident Management

Chapter 7. Global IIoT Platform Market, by Vertical

7.1. Market Snapshot

7.2. Global IIoT Platform Market by Vertical - Potential Analysis

7.3. Global IIoT Platform Market Estimates & Forecasts by Vertical 2017-2027 (USD Billion)

7.4. IIoT Platform Market, Sub Segment Analysis

7.4.1. Energy and Utilities

7.4.2. Chemical and Materials

7.4.3. Food & Beverages

7.4.4. Automotive

7.4.5. Semiconductor and Electronics

7.4.6. Medical Devices

7.4.7. Machine Manufacturing

7.4.8. Others

Chapter 8. Global IIoT Platform Market, Regional Analysis

8.1. IIoT Platform Market, Regional Market Snapshot

8.2. North America IIoT Platform Market

8.2.1. U.S. IIoT Platform Market

8.2.1.1. Offering breakdown estimates & forecasts, 2017-2027

8.2.1.2. Application breakdown estimates & forecasts, 2017-2027

8.2.1.3. Vertical breakdown estimates & forecasts, 2017-2027

8.2.2. Canada IIoT Platform Market

8.3. Europe IIoT Platform Market Snapshot

8.3.1. U.K. IIoT Platform Market

8.3.2. Germany IIoT Platform Market

8.3.3. France IIoT Platform Market

8.3.4. Spain IIoT Platform Market

8.3.5. Italy IIoT Platform Market

8.3.6. Rest of Europe IIoT Platform Market

8.4. Asia-Pacific IIoT Platform Market Snapshot

8.4.1. China IIoT Platform Market

8.4.2. India IIoT Platform Market

8.4.3. Japan IIoT Platform Market

8.4.4. Australia IIoT Platform Market

8.4.5. South Korea IIoT Platform Market

8.4.6. Rest of Asia Pacific IIoT Platform Market

8.5. Latin America IIoT Platform Market Snapshot

8.5.1. Brazil IIoT Platform Market

8.5.2. Mexico IIoT Platform Market

8.6. Rest of The World IIoT Platform Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Software AG

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. PTC Inc.

9.2.3. Hitachi, Ltd.

9.2.4. IBM Corp.

9.2.5. Microsoft Corp.

9.2.6. Cisco Systems, Inc.

9.2.7. Intel Corporation

9.2.8. SAP SE

9.2.9. Siemens AG

9.2.10. Accenture plc

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global IIoT Platform market, report scope

TABLE 2. Global IIoT Platform market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global IIoT Platform market estimates & forecasts by Offering 2017-2027 (USD Billion)

TABLE 4. Global IIoT Platform market estimates & forecasts by Application 2017-2027 (USD Billion)

TABLE 5. Global IIoT Platform market estimates & forecasts by Vertical 2017-2027 (USD Billion)

TABLE 6. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global IIoT Platform market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. Global IIoT Platform market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 23. U.S. IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. U.S. IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 25. Canada IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 26. Canada IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. Canada IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 28. UK IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 29. UK IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. UK IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 31. Germany IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 32. Germany IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. Germany IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 34. France IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 35. France IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. France IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 37. Spain IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 38. Spain IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Spain IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 40. Italy IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 41. Italy IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. Italy IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 43. ROE IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 44. ROE IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. ROE IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 46. China IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 47. China IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. China IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 49. India IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 50. India IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. India IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 52. Japan IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 53. Japan IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Japan IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 55. Australia IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 56. Australia IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. Australia IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 58. South Korea IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 59. South Korea IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. South Korea IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 61. ROPAC IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 62. ROPAC IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. ROPAC IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 64. Brazil IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 65. Brazil IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Brazil IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 67. Mexico IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 68. Mexico IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. Mexico IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 70. ROLA IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 71. ROLA IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROLA IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 73. ROW IIoT Platform market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 74. ROW IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. ROW IIoT Platform market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 76. List of secondary sources, used in the study of global IIoT Platform market

TABLE 77. List of primary sources, used in the study of global IIoT Platform market

TABLE 78. Years considered for the study

TABLE 79. Exchange rates considered

 
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