Global Industrial IoT Market 2020-2030 by Offering (Hardware, Software, Services, Connectivity), Technology, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity
Global industrial IoT market will reach $205.7 billion by 2030, growing by 10.8% annually over 2020-2030 driven by extensive government support in encouraging digitalization across the industrial sector, rise in adoption of industrial IoT devices, and growing incorporation of advanced technologies such as cloud computing platforms and AI.
Highlighted with 63 tables and 94 figures, this 188-page report “Global Industrial IoT Market 2020-2030 by Offering (Hardware, Software, Services, Connectivity), Technology, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global industrial IoT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global industrial IoT market in every aspect of the classification from perspectives of Offering, Technology, Application, Industry Vertical, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Hardware
• Software & Solutions
• Services
o Professional Services
o Managed Services
• Connectivity
o Wired Technology
o Wireless Technology
o Field Technologies
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Sensors
• Camera
• Distributed Control Systems
• Industrial Robotics
• Condition Monitoring
• RFID
• Yield Monitor
• GPS/GNSS
• Other Technologies
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Data Management Solutions for Analytics
• Smart Robotics
• Distribution Management System
• Manufacturing Execution System (MES)
• Asset and Resource Optimization
• Product Lifecycle Management
• Remote Monitoring
• Retail Management System
• Predictive Maintenance
• Other Applications
Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Manufacturing Industry
• Automotive & Transportation
• Energy and Utilities
• Healthcare
• Oil & Gas
• Agriculture
• Metal and Mining
• Retail Industry
• Other Industry Verticals
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Offering and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global industrial IoT market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
ABB Ltd.
A.P Moller-Maersk A/S
Accenture plc
AT&T INC.
CATERPILLAR INC.
Cisco Systems Inc.
FANUC CORPORATION
GE Digital
HCL Technologies Limited
Hitachi Vantara Corporation
IBM
Intel Corporation
KUKA AG
MAVERICK Technologies, LLC.
ORANGE
PTC Inc.
Robert Bosch GmbH
Rockwell Automation, Inc.
Siemens AG
Tata Communications
Telia Company
Verizon Communications Inc.
Vodafone Group Plc
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Global Market by Offering 41
3.1 Market Overview by Offering 41
3.2 Hardware 43
3.3 Software & Solutions 44
3.4 Services 45
3.5 Connectivity 47
4 Segmentation of Global Market by Technology 49
4.1 Market Overview by Technology 49
4.2 Sensors 51
4.3 Camera 52
4.4 Distributed Control Systems 53
4.5 Industrial Robotics 54
4.6 Condition Monitoring 55
4.7 RFID 56
4.8 Yield Monitor 57
4.9 GPS/GNSS 58
4.10 Other Technologies 59
5 Segmentation of Global Market by Application 60
5.1 Market Overview by Application 60
5.2 Data Management Solutions for Analytics 62
5.3 Smart Robotics 63
5.4 Distribution Management System 64
5.5 Manufacturing Execution System (MES) 65
5.6 Asset and Resource Optimization 66
5.7 Product Lifecycle Management 67
5.8 Remote Monitoring 68
5.9 Retail Management System 69
5.10 Predictive Maintenance 70
5.11 Other Applications 71
6 Segmentation of Global Market by Industry Vertical 72
6.1 Market Overview by Industry Vertical 72
6.2 Manufacturing Industry 74
6.3 Automotive & Transportation 75
6.4 Energy and Utilities 76
6.5 Healthcare 77
6.6 Oil & Gas 78
6.7 Agriculture 79
6.8 Metal and Mining 80
6.9 Retail Industry 81
6.10 Other Industry Verticals 82
7 Segmentation of Global Market by Region 83
7.1 Geographic Market Overview 2019-2030 83
7.2 North America Market 2019-2030 by Country 87
7.2.1 Overview of North America Market 87
7.2.2 U.S. 91
7.2.3 Canada 95
7.2.4 Mexico 97
7.3 European Market 2019-2030 by Country 99
7.3.1 Overview of European Market 99
7.3.2 Germany 103
7.3.3 U.K. 105
7.3.4 France 107
7.3.5 Spain 109
7.3.6 Italy 111
7.3.7 Russia 113
7.3.8 Rest of European Market 115
7.4 Asia-Pacific Market 2019-2030 by Country 117
7.4.1 Overview of Asia-Pacific Market 117
7.4.2 Japan 121
7.4.3 China 124
7.4.4 Australia 126
7.4.5 India 128
7.4.6 South Korea 130
7.4.7 Rest of APAC Region 132
7.5 South America Market 2019-2030 by Country 134
7.5.1 Argentina 137
7.5.2 Brazil 139
7.5.3 Chile 141
7.5.4 Rest of South America Market 143
7.6 MEA Market 2019-2030 by Country 144
7.6.1 UAE 147
7.6.2 Saudi Arabia 149
7.6.3 South Africa 151
7.6.4 Other National Markets 153
8 Competitive Landscape 154
8.1 Overview of Key Vendors 154
8.2 New Product Launch, Partnership, Investment, and M&A 157
8.3 Company Profiles 158
ABB Ltd. 158
A.P Moller-Maersk A/S 160
Accenture plc 161
AT&T INC. 162
CATERPILLAR INC. 163
Cisco Systems Inc. 164
FANUC CORPORATION 165
GE Digital 166
HCL Technologies Limited 167
Hitachi Vantara Corporation 168
IBM 169
Intel Corporation 170
KUKA AG 171
MAVERICK Technologies, LLC. 172
ORANGE 173
PTC Inc. 174
Robert Bosch GmbH 175
Rockwell Automation, Inc. 176
Siemens AG 177
Tata Communications 178
Telia Company 179
Verizon Communications Inc. 180
Vodafone Group Plc 181
9 Investing in Global Market: Risk Assessment and Management 182
9.1 Risk Evaluation of Global Market 182
9.2 Critical Success Factors (CSFs) 185
Related Reports and Products 188
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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