This report provides a detailed analysis of the Industrial IoT Market based on industry vertical, technology, software, and geography.
In the Industrial IoT Market, the healthcare sector is expected to grow at the highest CAGR between 2015 and 2020. IIoT solutions can revolutionize the healthcare sector through remote monitoring of critical patients in real-time.
The data obtained from remote devices can be utilized for providing improved patient care and diagnostics. A comprehensive and intelligent monitoring system can enable a full range of healthcare services and treatments.
Several companies have started providing advanced informatics solutions in the healthcare industry.
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One such company is GE (U.S.), which offers integrated solutions for remote patient monitoring and diagnostics with the help of sensors and wireless networks.
The key players in the market include General Electric (U.S.), Cisco Inc. (U.S.), Intel Corporation (U.S.), Rockwell Automation (U.S.), ARM Holdings plc.
(U.K.), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S.), Dassault Systèmes SA (France), Huawei Technology Co., Ltd.
(China), Zebra Technologies (U.S.), IBM Corporation (U.S.), and Robert Bosch GmbH (Germany) among others.
In the Industrial IoT Market, the healthcare sector is expected to grow at the highest CAGR between 2015 and 2020. IIoT solutions can revolutionize the healthcare sector through remote monitoring of critical patients in real-time.
The data obtained from remote devices can be utilized for providing improved patient care and diagnostics. A comprehensive and intelligent monitoring system can enable a full range of healthcare services and treatments.
Several companies have started providing advanced informatics solutions in the healthcare industry. One such company is GE (U.S.), which offers integrated solutions for remote patient monitoring and diagnostics with the help of sensors and wireless networks.
APAC is a leading manufacturing hub and held the largest market share for IIoT in 2014. It is also expected to witness rapid growth during the forecast period owing to the growing adoption of IIoT solutions across the manufacturing, mining, healthcare, and energy & power sectors.
Within APAC, China held the largest market share for IIoT, whereas India is expected to grow at the highest CAGR among all the major markets.
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The manufacturing sector is witnessing a transformation through the implementation of the smart factory concept and factory automation technologies. Government initiatives such as Industrie 4.0 in Germany and Plan Industriel in France are expected to drive the IIoT solutions in Europe.
Moreover, leading manufacturing countries such as the U.S., China, and India are expected to further expand their manufacturing industries and deploy smart manufacturing technologies to increase this sector’s contribution to their national GDPs.
Machine-to-machine connectivity through wireless or wired networks forms the base for IIoT. The rising adoption of IIoT is expected to boost the market for networking technologies, especially wireless networks.
These networks not only provide mobility to the equipment but also offer greater scalability and ease of integration to the network.
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