Hyderabad, IndustryARC, March 11, 2017 (GLOBE NEWSWIRE) -- The report “Industrial Internet of Things (IIoT) Market: By Components (Sensors, Memory, Processors, RFID); By End Use Industry (Manufacturing, Transportation, Energy, Retail, Healthcare, Agriculture) - Forecast (2016-2021)”, published by IndustryARC, estimates global market to reach $123.8 billion by 2021.
Browse 51 Market Tables, 73 Figures spread through 160 Pages and an in-depth TOC on “Industrial Internet of Things (IIoT) Market” -
The Industrial Internet of Things is a new phase for global transformation powered by technology innovation, generating economic opportunities and reshaping industries has been a sign to improve operational efficiency. It will transform companies and countries opening up a new era of economic growth and competitiveness. This shows a future where the intersection of people, data and intelligent machines has impact on productivity, efficiency and operations of industries. The IoT boost revenues by increasing production by creating new business models, exploit intelligent technologies for innovation.
The previous internet revolution has redefined the business to customer industries such as media, retail and financial services. In future IIoT will change manufacturing, energy, agriculture, transportation and other industrial sectors of the economy. This change increases industrial sector’s contribution towards GDP. Industrial Internet of Things will also transform the work culture of people through new interactions between humans and machines.
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Scope & Regional Forecast of the HVAC Equipment Market
The global industrial internet of things market is projected to reach $123.8 billion by 2021; the market is forecast to grow at a CAGR of 21% through 2016 to 2021. Europe region will hold the maximum market share of market throughout the forecast period. This market will have a consistent growth throughout the forecast period. This market will see a significant contribution from RoW region owing to the growth in digital oilfields.
Industrial Internet of Things will have impact on several existing business, value chain, business models, workforces and the decisions taken by business entity and government leaders for long term success. It shows transformation in competition, industry boundaries and gives rise to new companies
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Segmentations Involved in the Industrial Internet of Things (IIoT) Market:
The Industrial Internet of Things (IIoT) Market can be broken down into various segmentations on the basis of -
Some of the sample companies profiled in the Industrial Internet of Things (IIoT) Market are as follows:
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