Industrial IoT Market By Component (Solutions, Services, Platforms), By Application (Automotive, Aerospace & Defense, Food & Beverages, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Others) – Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

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Increasing adoption of the Industry 4.0 revolution is driving the industrial IoT market

Globally, the Industrial Internet of Things (IoT) market is expected to grow at a CAGR of over 29% during the forecast period from 2019 to 2027, starting from US$ 160.0 Bn in 2018. The market growth is attributed to the increasing adoption of the Industry 4.0 revolution across the manufacturing sector. As the competition among market players is fueling and the customers are becoming more empowered, the manufacturers are shifting towards advanced manufacturing technologies to meet these requirements.

The manufacturers are automating their business processes and focusing more on the development of digital products and services to generate new revenue streams and gain operational efficiency. The companies are planning to invest approximately US$ 900 billion (i.e., around 5% of the total revenue of the global manufacturing sector) per year in industry 4.0 technologies such as sensors, connected devices, automation software, and other advanced technologies. Moreover, the companies are also investing heavily in the skill development of their current employees to get a better ROI.

The automotive sector is dominating the industrial IoT market due to the increasing trend of automation and robotization in the sector

The automotive sector accounts for the majority share of the industrial IoT market due to increasing automation and robotization in the sector. The automaker is leveraging automated machines and tools for shortening the product development cycle, gaining operational efficiency, optimizing the value chain, developing customer-centric products, and responding to individual customization needs. The automakers are collaborating with the technology solution provider for the successful implementation of smart factories. For instance, Daimler collaborated with the KUKA Robot to build Mercedes C-Class cars with human robots. The company has also implemented RFID technology into its logistics to keep track of the components and optimize the supply chain process with real-time monitoring and data analytics capabilities.

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Europe is leading the industrial IoT market.

Europe is dominating the regional landscape with more than 35% of the global industrial IoT market. The growth of the market is attributed to the growing adoption of the Industry 4.0 revolution in the region. The industry 4.0 revolution in the region is promoted by the government across the region to accelerate digitalization among the industries.

The governments are investing heavily in driving digitalization among the market players. For instance, in 2017, the European Union announced an investment of about $100 million to fund the IoT pilots. Similarly, the governments in the European Union are constantly working towards spreading awareness about the digitalization of the manufacturing sector. This is propelling growth in the region.

The key vendors in the industrial IoT market are ARM Holding PLC, ABB Ltd., Atmel Corporation, Cisco Systems Inc., Bosch, General Electric Company, Huawei Technologies, Honeywell International, IBM Corporation, Microsoft Corporation, Intel Corporation, NEC Corporation, Siemens AG, Rockwell Automation Inc., and Texas Instruments.

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Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Industrial IoT Market Report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global industrial IoT market based on components, applications, and geography.

Key questions are answered in this report

  • What was the market size of industrial IoT in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for industrial IoT?
  • What are the major trends followed in the industrial IoT market across different regions?
  • Who are the key companies in the industrial IoT market?
  • What are the key strategies adopted by the leading industrial IoT companies in the market?

Unique data points of this report

  • Statistics on industrial IoT and spending worldwide
  • Recent trends across different regions in terms of the adoption of industrial IoT for industries
  • Notable developments are going on in the semiconductor industry.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Industrial IoT Market
2.1.1 Global Industrial IoT Market, by Component, 2018 (US$ Mn)
2.1.2 Global Industrial IoT Market, by Application, 2018 (US$ Mn)
2.1.3 Global Industrial IoT Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Industrial IoT Vendors, 2018

Chapter 4 Global Industrial IoT Market, By Component
4.1 Overview
4.1.1 Global Industrial IoT Market Value Share, by Component, 2018 & 2027 (Value, %)
4.2 Solutions
4.2.1 Global Industrial IoT Market Value from Solutions, 2017 – 2027(US$ Mn)
4.2.2 Analytics
4.2.2.1 Global Industrial IoT Market Value from Analytics, 2017 – 2027(US$ Mn)
4.2.3 Data Management
4.2.3.1 Global Industrial IoT Market Value from Data Management, 2017 – 2027(US$ Mn)
4.2.4 Remote Monitoring
4.2.4.1 Global Industrial IoT Market Value from Remote Monitoring, 2017 – 2027(US$ Mn)
4.2.5 Security Solutions
4.2.5.1 Global Industrial IoT Market Value from Security Solution, 2017 – 2027(US$ Mn)
4.2.6 Others
4.2.6.1 Global Industrial IoT Market Value from Others, 2017 – 2027(US$ Mn)
4.3 Services
4.3.1 Global Industrial IoT Market Value from Services, 2017 – 2027(US$ Mn)
4.3.2 Managed Service
4.3.2.1 Global Industrial IoT Market Value from Managed Service, 2017 – 2027(US$ Mn)
4.3.3 Professional Service
4.3.3.1 Global Industrial IoT Market Value from Professional Service, 2017 – 2027(US$ Mn)
4.4 Platforms
4.4.1 Global Industrial IoT Market Value from Platforms, 2017 – 2027(US$ Mn)
4.4.2 Application Management
4.4.2.1 Global Industrial IoT Market Value from Application Management, 2017 – 2027(US$ Mn)
4.4.3 Connectivity Management
4.4.3.1 Global Industrial IoT Market Value from Connectivity Management, 2017 – 2027(US$ Mn)
4.4.4 Device Management
4.4.4.1 Global Industrial IoT Market Value from Device Management, 2017 – 2027(US$ Mn)

Chapter 5 Global Industrial IoT Market, by Application
5.1 Overview
5.1.1 Global Industrial IoT Market Value Share, by Application, 2018 & 2027 (Value, %)
5.2 Automotive
5.2.1 Global Industrial IoT Market Value from Automotive, 2017 – 2027(US$ Mn)
5.3 Aerospace & Defense
5.3.1 Global Industrial IoT Market Value from Aerospace & Defense, 2017 – 2027(US$ Mn)
5.4 Food & Beverages
5.4.1 Global Industrial IoT Market Value from Food & Beverages , 2017 – 2027(US$ Mn)
5.5 Energy & Power
5.5.1 Global Industrial IoT Market Value from Energy & Power, 2017 – 2027(US$ Mn)
5.6 Oil & Gas
5.6.1 Global Industrial IoT Market Value from Oil & Gas, 2017 – 2027(US$ Mn)
5.7 Healthcare
5.7.1 Global Industrial IoT Market Value from Healthcare, 2017 – 2027(US$ Mn)
5.8 Logistics & Transport
5.8.1 Global Industrial IoT Market Value from Logistics & Transport, 2017 – 2027(US$ Mn)
5.9 Others
5.9.1 Global Industrial IoT Market Value from Others, 2017 – 2027(US$ Mn)

Chapter 6 North America Industrial IoT Market Analysis, 2017 – 2027 (US$ Mn)
6.1 Overview
6.2 North America Industrial IoT Market Analysis, by Component, 2017 – 2027 (US$ Mn)
6.2.1 Market Analysis
6.3 North America Industrial IoT Market Analysis, by Application, 2017 – 2027 (US$ Mn)
6.3.1 Market Analysis
6.4 North America Industrial IoT Market, by Country, 2017 – 2027 (US$ Mn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.2.1 U.S. Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
6.4.2.2 U.S.Industrial IoT Market Value,by Application, 2017 – 2027 (US$ Mn)
6.4.3 Canada
6.4.3.1 Canada Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
6.4.3.2 Canada Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 7 Europe Industrial IoT Market Analysis, 2017 – 2027 (US$ Mn)
7.1 Overview
7.2 Europe Industrial IoT Market Analysis, by Component, 2017 – 2027 (US$ Mn)
7.2.1 Market Analysis
7.3 Europe Industrial IoT Market Analysis, by Application, 2017 – 2027 (US$ Mn)
7.3.1 Market Analysis
7.4 Europe Industrial IoT Market, by Country, 2017 – 2027 (US$ Mn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.2.1 U.K. Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
7.4.2.2 U.K. Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
7.4.3 Germany
7.4.3.1 Germany Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
7.4.3.2 Germany Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
7.4.4 France
7.4.4.1 France Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
7.4.4.2 France Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
7.4.5 Rest of Europe
7.4.5.1 Rest of Europe Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
7.4.5.2 Rest of Europe Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 8 Asia Pacific Industrial IoT Market Analysis, 2017 – 2027 (US$ Mn)
8.1 Overview
8.2 Asia Pacific Industrial IoT Market Analysis, by Component, 2017 – 2027 (US$ Mn)
8.2.1 Market Analysis
8.3 Asia Pacific Industrial IoT Market Analysis, by Application, 2017 – 2027 (US$ Mn)
8.3.1 Market Analysis
8.4 Asia Pacific Industrial IoT Market, by Country, 2017 – 2027 (US$ Mn)
8.4.1 Market Analysis
8.4.2 China
8.4.2.1 China Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
8.4.2.2 China Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
8.4.3 Japan
8.4.3.1 Japan Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
8.4.3.2 Japan Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
8.4.4 India
8.4.4.1 India Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
8.4.4.2 India Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
8.4.5 Rest of Asia Pacific
8.4.5.1 Rest of Asia Pacific Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
8.4.5.2 Rest of Asia Pacific Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 9 Rest of the World (RoW) Industrial IoT Market Analysis, 2017 – 2027 (US$ Mn)
9.1 Overview
9.2 RoW Industrial IoT Market Analysis, by Component, 2017 – 2027 (US$ Mn)
9.2.1 Market Analysis
9.3 RoW Industrial IoT Market Analysis, by Application, 2017 – 2027 (US$ Mn)
9.3.1 Market Analysis
9.4 RoW Industrial IoT Market, by Country (US$ Mn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.2.1 MEA Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
9.4.2.2 MEA Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
9.4.3 Latin America
9.4.3.1 Latin America Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
9.4.3.2 Latin America Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)

Chapter 10 Company Profiles
10.1 ABB Ltd.
10.2 ARM Holding PLC
10.3 Atmel Corporation
10.4 Bosch
10.5 Cisco Systems Inc.
10.6 General Electric Company
10.7 Honeywell International
10.8 Huawei Technologies
10.9 IBM Corporation
10.10 Intel Corporation
10.11 Microsoft Corporation
10.12 NEC Corporation
10.13 Rockwell Automation Inc.
10.14 Siemens AG
10.15 Texas Instruments

List of Figures

FIG. 1 Global Industrial IoT Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Industrial IoT Market Segmentation
FIG. 4 Global Industrial IoT Market, by Component, 2018 (US$ Mn)
FIG. 5 Global Industrial IoT Market, by Application, 2018 (US$ Mn)
FIG. 6 Global Industrial IoT Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key Industrial IoT Vendors, 2018
FIG. 9 Global Industrial IoT Market Value Share, by Component, 2018 & 2027 (Value, %)
FIG. 10 Global Industrial IoT Market Value from Solutions, 2017 – 2027(US$ Mn)
FIG. 11 Global Industrial IoT Market Value from Analytics, 2017 – 2027(US$ Mn)
FIG. 12 Global Industrial IoT Market Value from Data Management, 2017 – 2027(US$ Mn)
FIG. 13 Global Industrial IoT Market Value from Remote Monitoring, 2017 – 2027(US$ Mn)
FIG. 14 Global Industrial IoT Market Value from Security Solution, 2017 – 2027(US$ Mn)
FIG. 15 Global Industrial IoT Market Value from Others, 2017 – 2027(US$ Mn)
FIG. 16 Global Industrial IoT Market Value from Services, 2017 – 2027(US$ Mn)
FIG. 17 Global Industrial IoT Market Value from Managed Service, 2017 – 2027(US$ Mn)
FIG. 18 Global Industrial IoT Market Value from Professional Service, 2017 – 2027(US$ Mn)
FIG. 19 Global Industrial IoT Market Value from Platforms, 2017 – 2027(US$ Mn)
FIG. 20 Global Industrial IoT Market Value from Application Management, 2017 – 2027(US$ Mn)
FIG. 21 Global Industrial IoT Market Value from Connectivity Management, 2017 – 2027(US$ Mn)
FIG. 22 Global Industrial IoT Market Value from Device Management, 2017 – 2027(US$ Mn)
FIG. 23 Global Industrial IoT Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 24 Global Industrial IoT Market Value from Automotive, 2017 – 2027(US$ Mn)
FIG. 25 Global Industrial IoT Market Value from Aerospace & Defense, 2017 – 2027(US$ Mn)
FIG. 26 Global Industrial IoT Market Value from Food & Beverages, 2017 – 2027(US$ Mn)
FIG. 27 Global Industrial IoT Market Value from Energy & Power, 2017 – 2027(US$ Mn)
FIG. 28 Global Industrial IoT Market Value from Oil & Gas, 2017 – 2027(US$ Mn)
FIG. 29 Global Industrial IoT Market Value from Healthcare, 2017 – 2027(US$ Mn)
FIG. 30 Global Industrial IoT Market Value from Logistics & Transport, 2017 – 2027(US$ Mn)
FIG. 31 Global Industrial IoT Market Value from Others, 2017 – 2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Industrial IoT Market Value
TABLE 2 North America Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 3 North America Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 4 North America Industrial IoT Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 5 U.S. Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 6 U.S. Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 7 Canada Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 8 Canada Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 9 Europe Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 10 Europe Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 11 Europe Industrial IoT Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 12 U.K. Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 13 U.K. Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 14 Germany Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 15 Germany Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 16 France Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 17 France Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 18 Rest of Europe Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 19 Rest of Europe Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 20 Asia Pacific Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 21 Asia Pacific Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 22 Asia Pacific Industrial IoT Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 23 China Industrial IoT Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 24 China Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 25 Japan Industrial IoT Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 26 Japan Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 27 India Industrial IoT Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 28 India Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 29 Rest of Asia Pacific Industrial IoT Market Value, by Component 2017 – 2027 (US$ Mn)
TABLE 30 Rest of Asia Pacific Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 31 RoW Industrial IoT Market Value, by Component, 2017 – 2027 (US$ Mn)
TABLE 32 RoW Industrial IoT Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 33 RoW Industrial IoT Market Value, by Country,2017 – 2027 (US$ Mn)
TABLE 34 MEA Industrial IoT Market Value, by Component – 2027 (US$ Mn)
TABLE 35 MEA Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 36 Latin America Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 37 Latin America Industrial IoT Market Value, by Application2017 – 2027 (US$ Mn)
TABLE 38 ABB Ltd.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 ARM Holding PLC: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Atmel Corporation.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 Bosch: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Cisco Systems Inc.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 General Electric Company: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 44 Honeywell International: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 45 Huawei Technologies. Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 46 IBM Corporation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 47 Intel Corporation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 48 Microsoft Corporation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 49 NEC Corporation: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 50 Rockwell Automation Inc.: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 51 Siemens AG: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 52 Texas Instrumnets: Company Snapshot (Business Description; Component Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Questions

What is the size of Industrial IoT Market?

The market for Industrial IoT Market is expected to reach US$ 160.0 Bn by 2027.

What is the Industrial IoT Market CAGR?

The Industrial IoT Market is expected to see significant CAGR growth over the coming years, at 29%.

What is the Forecast period considered for Industrial IoT Market?

The report is forecasted from 2019-2027.

What is the base year considered for Industrial IoT Market?

The base year of this report is 2018.

Who are the major players in this market?

ABB Ltd., Atmel Corporation, Cisco Systems Inc., Bosch, General Electric Company, Huawei Technologies, Honeywell International, IBM Corporation, Microsoft Corporation, Intel Corporation, NEC Corporation, Siemens AG, Rockwell Automation Inc are some of the major players in the global market.

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