The IIoT platform market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. The growth of this market is being driven by increasing support from the governments towards strengthening of their industrial infrastructure. China, for instance, is leading the list of most connected countries in the world as the Chinese government has been seeing the development of industrial IoT as a matter of national priority. The government, in 2010, announced the establishment of a National IoT Centre in Shanghai, and last year, the government announced that it would increase the financial support for major industrial projects under its Made in China 2025 strategy. This trend is being seen in other regions as well. As this continues, the demand for IIoT platforms will continue to increase, thus boosting the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the IIoT platform value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Major industry players profiled as part of the report are SAP, Hitachi, Accenture, IBM, Oracle, ATOS, Cisco, Intel, Emerson Electric Co. and General Electric.
The IIoT platform market is segmented by platform type, application, end-user industry, and geography.
By Platform Type
Device Management Platform
Application Management Platform
Network Management Platform
Business Process Optimization
Asset Tracking and Management
Logistics and Supply Chain Management
Real-Time Workforce Tracking and Management
Automation Control and Management
Emergency and Incident Management
By End-User Industry
Energy and Power
Food and Beverage
Middle East and Africa
Key Questions answered by the report
What is the IIoT platform market size from 2018 to 2023?
How are the major drivers and restraints affecting the IIoT platform market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.