The article cited AMA's Global Industrial IoT Market Study explored substantial growth with CAGR of %. According the report, Use of Industrial IoT for the Predictive Maintenance and Production Quality in Industries is one of the primary growth factors for the market. Growing Digitalisation and Internet of Things in Various Industry
is also expected to contribute significantly to the Industrial IoT market. Overall, Analysts
applications of Industrial IoT, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as PTC Inc. (United States), Siemens PLM (Germany), Cisco Systems, Inc. (United States), IBM (United States), Intel Corporation (United States), ABB (Switzerland), Honeywell International Inc. (United States), General Electric Company (United States) and Robert Bosch GmbH (Germany) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Industrial IoT market identified that the demand is rising in many different parts of the world as "Rising 3D Printing Technology and AI Manufacturing Activities will Boost the Industrial IoT Market". Furthermore, some recent industry insights like "On 9th June 2020, PTC Inc. announced the release of the latest version of its market-leading ThingWorx Industrial IoT platform. Designed to accelerate Industrial IoT deployments across the enterprise value chain, ThingWorx 9.0 will deliver new and expanded features to help industrial companies create, implement, customize, and scale their solutions." is constantly making the industry dynamic. One of the challenges that industry facing is "High Investment Cost Involved with the Industrial IoT"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Industrial IoT market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Industrial IoT market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Industrial IoT market tight? Which application/end-user category or Product Type [C-Level, Direct Level and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Industrial IoT market and other related sub-markets covered in the study.
o Key & emerging players in the Industrial IoT market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Industrial IoT market size is calculated using market estimation process, the Industrial IoT market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Industrial IoT market size has been validated using both top-down and bottom-up approaches.