Table of Content

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 DEFINITION 24
1.3 INCLUSION AND EXCLUSION 25
1.4 STUDY SCOPE 26
1.4.1 MARKETS COVERED 26
FIGURE 1 INDUSTRIAL IOT MARKET 26
1.4.2 YEARS CONSIDERED 27
1.5 CURRENCY 27
1.6 STAKEHOLDERS 27
1.7 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY AND PRIMARY RESEARCH 29
FIGURE 2 RESEARCH FLOW 30
FIGURE 3 INDUSTRIAL IOT MARKET: RESEARCH DESIGN 31
2.1.2 SECONDARY DATA 32
2.1.3 PRIMARY DATA 32
2.1.3.1 Primary interviews with experts 33
2.1.3.2 Key industry insights 33
2.1.3.3 Breakdown of primary interviews 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Arriving at market size using bottom-up approach (demand side) 34
FIGURE 4 BOTTOM-UP APPROACH: MARKET SIZE ESTIMATION METHODOLOGY 35
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Arriving at market size using top-down approach (supply side) 36
FIGURE 5 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY 36
2.3 RESEARCH ASSUMPTIONS 37
2.4 LIMITATIONS 37
2.5 RISK ASSESSMENT 37
2.6 DATA TRIANGULATION 38
FIGURE 6 DATA TRIANGULATION 38
?
3 EXECUTIVE SUMMARY 39
3.1 PRE-COVID-19 SCENARIO: INDUSTRIAL IOT MARKET 39
TABLE 1 PRE-COVID-19 SCENARIO: INDUSTRIAL IOT MARKET, 2020–2026 39
3.2 POST-COVID-19: REALISTIC SCENARIO 40
TABLE 2 POST-COVID-19 REALISTIC SCENARIO: INDUSTRIAL IOT MARKET,
2020–2026 40
3.3 POST-COVID-19: OPTIMISTIC SCENARIO 40
TABLE 3 POST-COVID-19 OPTIMISTIC SCENARIO: INDUSTRIAL IOT MARKET,
2020–2026 40
3.4 POST-COVID-19: PESSIMISTIC SCENARIO 40
TABLE 4 POST-COVID-19 PESSIMISTIC SCENARIO: INDUSTRIAL IOT MARKET,
2020–2026 40
FIGURE 7 INDUSTRIAL IOT MARKET: REALISTIC, PESSIMISTIC, AND OPTIMISTIC RECOVERY SCENARIOS 41
3.5 IMPACT OF COVID-19 ON INDUSTRIAL IOT MARKET 41
FIGURE 8 WIRELESS CONNECTIVITY SEGMENT TO RECORD HIGHEST CAGR IN INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 42
FIGURE 9 MANUFACTURING EXECUTION SYSTEMS TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 42
FIGURE 10 NETWORKING TECHNOLOGY TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 43
FIGURE 11 MANUFACTURING INDUSTRY TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 44
FIGURE 12 INDUSTRIAL IOT MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL IOT MARKET 46
FIGURE 13 GROWING DEMAND FROM MANUFACTURING SECTOR DRIVES GROWTH OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 46
4.2 INDUSTRIAL IOT MARKET, BY VERTICAL 46
FIGURE 14 MANUFACTURING TO HOLD LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD 46
4.3 INDUSTRIAL IOT MARKET IN ASIA PACIFIC, BY VERTICAL 47
FIGURE 15 MANUFACTURING AND CHINA TO HOLD LARGEST SHARES OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC IN 2021 47
4.4 INDUSTRIAL IOT MARKET, BY GEOGRAPHY 47
FIGURE 16 US TO HOLD LARGEST SHARE OF INDUSTRIAL IOT MARKET IN 2021 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 49
FIGURE 17 MARKET DYNAMICS: INDUSTRIAL IOT MARKET, 2021 49
5.2.1 DRIVERS 49
5.2.1.1 Rapid adoption of artificial intelligence (AI) and Internet of Things (IoT) in manufacturing sector 49
FIGURE 18 IOT CONNECTED DEVICES, 2020–2026 50
5.2.1.2 Increased use of cloud computing platforms 50
5.2.1.3 Standardization of IPv6 51
TABLE 5 ADOPTION OF IPV6 IN DIFFERENT REGION, 2020 51
5.2.1.4 Support from governments of various countries for R&D activities related to IIoT 52
FIGURE 19 INDUSTRIAL IOT MARKET: IMPACT ANALYSIS OF DRIVERS 52
5.2.2 RESTRAINTS 53
5.2.2.1 Incompatibility of legacy equipment with communication networks 53
5.2.2.2 Lack of skilled engineers conversant with new developments in AI and IoT technologies 53
FIGURE 20 INDUSTRIAL IOT MARKET: IMPACT ANALYSIS OF RESTRAINTS 53
5.2.3 OPPORTUNITIES 54
5.2.3.1 Growing application of AI and IoT in medical sector during pandemic 54
5.2.3.2 Predictive maintenance of machinery 54
FIGURE 21 INDUSTRIAL IOT MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 55
5.2.4 CHALLENGES 55
5.2.4.1 Susceptibility of IoT technologies to cyberattacks 55
5.2.4.2 Maintenance and updates of IIoT systems 55
FIGURE 22 INDUSTRIAL IOT MARKET: IMPACT ANALYSIS OF CHALLENGES 56
5.3 VALUE CHAIN ANALYSIS 56
FIGURE 23 INDUSTRIAL IOT MARKET: VALUE CHAIN 56
5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 57
FIGURE 24 EDGE COMPUTING TO PRESENT NEW GROWTH OPPORTUNITIES
FOR IIOT COMPANIES 58
5.5 PORTER’S FIVE FORCES ANALYSIS 58
TABLE 6 INDUSTRIAL IOT MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020 58
TABLE 7 INDUSTRIAL IOT MARKET: PORTER’S FIVE FORCES ANALYSIS, 2021-2026 58
5.6 CASE STUDIES 60
5.6.1 DIGITAL ROADMAP TO CONNECT 20 PLANTS - ALTIZON’S DATONICS 60
5.6.2 INTEGRATION OF VARIOUS PRODUCTION LINES USING TELIT’S OFFERING 60
5.6.3 DIGITAL TRANSFORMATION USING COGNIZANT’S UTILITIES TECHNOLOGY EXPERTISE 61
5.7 TECHNOLOGY ANALYSIS 61
5.7.1 CLOUD COMPUTING 61
5.7.2 5G 61
5.7.3 EDGE COMPUTING TECHNOLOGY 62
5.8 INDUSTRIAL IOT MARKET: ECOSYSTEM 63
TABLE 8 INDUSTRIAL IOT MARKET: ECOSYSTEM 64
FIGURE 25 KEY PLAYERS IN INDUSTRIAL IOT MARKET 65
5.9 PRICING ANALYSIS 65
5.9.1 INDUSTRIAL ROBOTS 65
TABLE 9 AVERAGE SELLING PRICE OF INDUSTRIAL ROBOTS 65
5.9.2 MACHINE CONDITION MONITORING SYSTEMS 66
TABLE 10 AVERAGE SELLING PRICE (ASP) OF MACHINE CONDITION MONITORING SENSORS 66
TABLE 11 AVERAGE SELLING PRICE (ASP) OF VIBRATION MONITORING SYSTEMS 66
5.10 TRADE AND TARIFF ANALYSIS 66
5.10.1 IMPORTS AND EXPORTS SCENARIO 67
FIGURE 26 IMPORTS DATA FOR MACHINE CONDITION MONITORING PRODUCTS,
BY REGION, 2016–2020 (USD MILLION) 67
TABLE 12 IMPORT DATA FOR MACHINE CONDITION MONITORING PRODUCTS,
BY REGION, 2016–2020 (USD MILLION) 67
FIGURE 27 EXPORT DATAFOR MACHINE CONDITION MONITORING PRODUCTS,
BY REGION, 2016–2020 (USD MILLION) 68
TABLE 13 EXPORT DATA FOR MACHINE CONDITION MONITORING PRODUCTS, 2016?2020 (USD MILLION) 68
5.10.2 TARIFF ANALYSIS 68
TABLE 14 TARIFF FOR MACHINE CONDITION MONITORING SYSTEMS EXPORTED
BY AUSTRALIA, 2020 69
TABLE 15 TARIFF FOR MACHINE CONDITION MONITORING SYSTEMS EXPORTED
BY US, 2020 69
TABLE 16 TARIFF FOR MACHINE CONDITION MONITORING SYSTEMS EXPORTED
BY BELGIUM, 2020 70
TABLE 17 TARIFF FOR MACHINE CONDITION MONITORING SYSTEMS EXPORTED
BY CHINA, 2020 70
5.11 PATENTS ANALYSIS 71
FIGURE 28 LIST OF MAJOR PATENTS FOR INDUSTRIAL IOT 71
TABLE 18 PATENTS IN INDUSTRIAL IOT MARKET 72
5.12 REGULATORY STANDARDS 74
5.12.1 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) 74
5.12.2 IMPORT–EXPORT LAWS 74
5.12.3 US – FIPS SECURITY LEVEL 74
5.12.4 EU - CYBERSECURITY ACT 2019 75
5.12.5 US - NISTR 8295 (2ND DRAFT) 76
5.13 MARKET STANDARDS 76
TABLE 19 STANDARDS RELATED TO IOT IN MANUFACTURING 76
5.13.1 STANDARDS RELATED TO MACHINE CONDITION MONITORING 76
6 IIOT MARKET, BY DEVICE AND TECHNOLOGY 78
6.1 INTRODUCTION 79
TABLE 20 INDUSTRIAL IOT MARKET, BY DEVICE AND TECHNOLOGY,
2017–2020 (USD BILLION) 79
FIGURE 29 NETWORKING TECHNOLOGY SEGMENT TO HOLD LARGEST SIZE
OF IIOT MARKET FROM 2021 TO 2026 80
TABLE 21 INDUSTRIAL IOT MARKET, BY DEVICE AND TECHNOLOGY,
2021–2026 (USD BILLION) 81
?
6.2 SENSORS 82
6.2.1 SENSORS ARE EMERGING AS CRITICAL COMPONENTS OF IIOT ECOSYSTEM 82
6.3 RFID 82
6.3.1 GROWTH IN ADOPTION OF RFID TECHNOLOGY IN MANUFACTURING, RETAIL, AND HEALTHCARE INDUSTRIES 82
6.4 INDUSTRIAL ROBOTICS 83
6.4.1 INDUSTRIAL ROBOTICS ARE EXPECTED TO REVOLUTIONIZE DIFFERENT MANUFACTURING PROCESSES 83
6.5 DISTRIBUTED CONTROL SYSTEMS (DCS) 84
6.5.1 RISING USE OF DCS FOR REGULATORY CONTROLS IN MANUFACTURING SECTOR 84
6.6 CONDITION MONITORING 84
6.6.1 INCREASE IN DEMAND FOR CONDITION MONITORING TO ENSURE PROPER AND UNINTERRUPTED FUNCTIONING OF INDUSTRIAL MACHINERY 84
6.7 SMART METERS 85
6.7.1 SURGING ADOPTION OF SMART METERS IN DOMESTIC AND COMMERCIAL APPLICATIONS 85
6.8 ELECTRONIC SHELF LABELS (ESL) 85
6.8.1 GROWING USE OF ESL IN RETAIL STORES FOR PRICE AUTOMATION AND PRODUCT INFORMATION DISPLAY 85
6.9 CAMERAS 86
6.9.1 INCREASING ADOPTION OF CAMERAS FOR SECURITY AND SURVEILLANCE APPLICATIONS 86
6.10 SMART BEACONS 87
6.10.1 GROWING USE OF SMART BEACONS IN RETAIL VERTICAL 87
6.11 INTERFACE BOARDS 88
6.11.1 INTERFACE BOARDS POWER VARIOUS NODES OF INTELLIGENT TRANSPORTATION SYSTEMS IN TRANSPORTATION VERTICAL 88
6.11.2 MULTIFUNCTIONAL BOARDS 88
6.11.3 VEHICLE DETECTION BOARDS 88
6.11.4 COMMUNICATION BOARDS 88
6.12 YIELD MONITORS 88
6.12.1 YIELD MONITORS RECORD SITE-SPECIFIC YIELD DATA FOR AGRICULTURISTS 88
6.13 GUIDANCE & STEERING 89
6.13.1 INCREASING USE OF GUIDANCE & STEERING SYSTEMS IN PRECISION FARMING 89
6.14 GPS/GNSS 89
6.14.1 INCREASING USE OF GPS/GNSS FOR EFFECTIVE NAVIGATION OF VEHICLES 89
6.15 FLOW & APPLICATION CONTROL DEVICES 90
6.15.1 INCREASING USE OF FLOW AND APPLICATION CONTROL DEVICES IN VARIABLE RATE APPLICATIONS 90
6.16 NETWORKING TECHNOLOGY 90
6.16.1 NUMEROUS MACHINES AND SENSOR NODES ARE CONNECTED TO INTERNET USING NETWORKING TECHNOLOGIES 90
7 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY 91
7.1 INTRODUCTION 92
TABLE 22 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY,
2017–2020 (USD BILLION) 92
FIGURE 30 WIRELESS CONNECTIVITY IS EXPECTED TO GROW AT HIGHER CAGR
BETWEEN 2021 AND 2026 92
TABLE 23 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY,
2021–2026 (USD MILLION) 92
7.2 WIRED TECHNOLOGIES 93
7.2.1 ETHERNET 93
7.2.1.1 Modbus 93
7.2.1.2 PROFINET 94
7.2.1.3 CC-Link 94
7.2.2 FOUNDATION FIELDBUS 94
7.3 WIRELESS TECHNOLOGIES 94
7.3.1 WI-FI 94
7.3.2 BLUETOOTH 95
7.3.3 CELLULAR TECHNOLOGIES 96
7.3.3.1 4G/LTE 96
7.3.3.2 5G 97
7.3.4 SATELLITE TECHNOLOGIES 98
8 INDUSTRIAL IOT MARKET, BY SOFTWARE 99
8.1 INTRODUCTION 100
TABLE 24 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2017–2020 (USD BILLION) 100
FIGURE 31 REMOTE PATIENT MONITORING SEGMENT WITNESSED HUGE SURGE IN 2020 101
TABLE 25 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2021–2026 (USD MILLION) 101
8.2 PRODUCT LIFECYCLE MANAGEMENT (PLM) 102
8.2.1 PLM ENABLES EFFECTIVE DEVELOPMENT AND INSTALLATION OF PRODUCTS 102
8.3 MANUFACTURING EXECUTION SYSTEMS (MES) 102
8.3.1 MES HELP PRODUCTION PLANTS WITH MATERIALS, ORDERS,
AND PRODUCTION MANAGEMENT FUNCTIONALITIES 102
8.4 SCADA 104
8.4.1 SCADA SYSTEMS HELP IN MAINTAINING AND EFFECTIVELY CONTROLLING DIFFERENT INDUSTRIAL OPERATIONS 104
8.5 OUTAGE MANAGEMENT SYSTEMS (OMS) 105
8.5.1 OMS ENABLE ELECTRIC UTILITIES TO MANAGE THEIR POWER OUTAGES EFFECTIVELY AND IMPROVE THEIR RESPONSE TIME 105
8.6 DISTRIBUTION MANAGEMENT SYSTEMS 105
8.6.1 DMS FACILITATE EFFECTIVE MANAGEMENT OF ELECTRICITY DISTRIBUTION NETWORKS 105
8.6.1.1 Case Study: FPT Software 106
?
8.7 REMOTE PATIENT MONITORING 106
8.7.1 REMOTE PATIENT MONITORING REDUCES INSTANCES OF HOSPITALIZATIONS, READMISSIONS, AND HOSPITAL STAYS 106
8.7.1.1 Case Study: KORE Wireless and BioIntelliSense 107
8.8 RETAIL MANAGEMENT SOFTWARE 107
8.8.1 RETAIL MANAGEMENT SOFTWARE HELP IN PLANNING AND REDESIGNING BUSINESS STRATEGIES ACCORDING TO PREVAILING MARKET SCENARIO 107
8.9 VISUALIZATION SOFTWARE 108
8.9.1 VISUALIZATION SOFTWARE OFFER REAL-TIME VIDEOS AND DATA ANALYSIS 108
8.10 TRANSIT MANAGEMENT SYSTEMS 108
8.10.1 TRANSIT MANAGEMENT SYSTEMS PROVIDE ACCURATE INFORMATION PERTAINING TO LOCATION AND PERFORMANCE OF VEHICLES 108
8.11 FARM MANAGEMENT SYSTEMS 108
8.11.1 FARM MANAGEMENT SYSTEMS COMPRISE SOFTWARE AND SERVICES USED FOR PRECISION FARMING 108
9 IIOT MARKET, BY VERTICAL 110
9.1 INTRODUCTION 111
FIGURE 32 MANUFACTURING SEGMENT TO HOLD LARGEST SIZE OF IIOT MARKET FROM 2021 TO 2026 111
TABLE 26 INDUSTRIAL IOT MARKET, BY VERTICAL, 2017–2020 (USD BILLION) 112
TABLE 27 INDUSTRIAL IOT MARKET, BY VERTICAL, 2021–2026 (USD BILLION) 112
9.2 MANUFACTURING 113
TABLE 28 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY OFFERING,
2017–2020 (USD BILLION) 113
TABLE 29 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY OFFERING,
2021–2026 (USD BILLION) 114
TABLE 30 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION,
2017–2020 (USD BILLION) 114
FIGURE 33 IIOT MARKET FOR MANUFACTURING TO GROW AT HIGHEST CAGR IN APAC FROM 2021 TO 2026 114
TABLE 31 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION,
2021–2026 (USD BILLION) 115
9.3 ENERGY 115
9.3.1 REMOTE MONITORING OF PLANTS DRIVES THE GROWTH OF IIOT IN ENERGY SECTOR 115
TABLE 32 INDUSTRIAL IOT MARKET FOR ENERGY, BY OFFERING,
2017–2020 (USD BILLION) 115
TABLE 33 INDUSTRIAL IOT MARKET FOR ENERGY, BY OFFERING,
2021–2026 (USD BILLION) 116
TABLE 34 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION,
2017–2020 (USD BILLION) 116
TABLE 35 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION,
2021–2026 (USD BILLION) 116
9.3.2 SMART GRIDS 117
9.3.2.1 Growing demand for uninterrupted power supply is leading to increasing deployment of smart grids 117
9.3.3 OIL & GAS 117
TABLE 36 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY OFFERING,
2017–2020 (USD BILLION) 118
FIGURE 34 DEVICE & TECHNOLOGY TO HOLD LARGER SHARE OF IIOT MARKET FOR OIL & GAS FROM 2021 TO 2026 118
TABLE 37 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY OFFERING,
2021–2026 (USD BILLION) 119
TABLE 38 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION,
2017–2020 (USD BILLION) 119
TABLE 39 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION,
2021–2026 (USD BILLION) 119
9.3.4 METALS & MINING 119
TABLE 40 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY OFFERING,
2017–2020 (USD BILLION) 120
TABLE 41 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY OFFERING,
2021–2026 (USD BILLION) 120
TABLE 42 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION,
2017–2020 (USD BILLION) 121
FIGURE 35 APAC TO HOLD LARGEST SHARE OF IIOT MARKET FOR METALS & MINING FROM 2021 TO 2026 121
TABLE 43 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION,
2021–2026 (USD BILLION) 121
9.4 HEALTHCARE 122
9.4.1 REMOTE PATIENT MONITORING DURING COVID=189 BOOST THE GROWTH OF IIOT IN HEALTHCARE 122
TABLE 44 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY OFFERING,
2017–2020 (USD BILLION) 122
TABLE 45 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY OFFERING,
2021–2026 (USD BILLION) 123
TABLE 46 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION,
2017–2020 (USD BILLION) 123
TABLE 47 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION,
2021–2026 (USD BILLION) 123
9.5 RETAIL 123
9.5.1 POINT-OF-SALES (POS) 124
9.5.1.1 Changing customer requirements supplement boost demand for
POS terminals 124
9.5.2 INTERACTIVE KIOSKS 124
9.5.2.1 Rising demand for interactive kiosks to improve overall customer experience 124
9.5.3 SELF-CHECKOUT SYSTEMS 124
9.5.3.1 Growing demand for self-checkout systems in developed economies 124
TABLE 48 INDUSTRIAL IOT MARKET FOR RETAIL, BY OFFERING,
2017–2020 (USD BILLION) 125
FIGURE 36 SOFTWARE TO GROW AT HIGHER CAGR IN IIOT MARKET FOR RETAIL FROM 2021 TO 2026 125
TABLE 49 INDUSTRIAL IOT MARKET FOR RETAIL, BY OFFERING,
2021–2026 (USD BILLION) 125
TABLE 50 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION,
2017–2020 (USD BILLION) 126
TABLE 51 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION,
2021–2026 (USD BILLION) 126
9.6 TRANSPORTATION 126
9.6.1 INTELLIGENT SIGNALING SYSTEMS 127
9.6.1.1 Growing demand for intelligent signaling systems to drive growth of transportation IIoT solutions market 127
9.6.2 VIDEO ANALYTICS 127
9.6.2.1 Increasing demand for smart surveillance to fuel growth of video analytics market 127
9.6.3 INCIDENT DETECTION SYSTEMS 127
9.6.3.1 Growing deployment of incident detection systems to monitor and detect locations of incidents 127
9.6.4 ROUTE SCHEDULING GUIDANCE SYSTEMS 127
9.6.4.1 Increasing adoption of real-time traffic analytics to drive demand for route scheduling guidance systems 127
TABLE 52 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY OFFERING,
2017–2020 (USD BILLION) 128
TABLE 53 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY OFFERING,
2021–2026 (USD BILLION) 128
TABLE 54 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION,
2017–2020 (USD BILLION) 128
TABLE 55 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION,
2021–2026 (USD BILLION) 128
9.7 AGRICULTURE 129
9.7.1 PRECISION FARMING 129
9.7.1.1 Growing adoption of precision farming globally to increase agricultural productivity 129
9.7.2 LIVESTOCK MONITORING 130
9.7.2.1 Increasing use of remote sensing and connected technologies
for livestock monitoring 130
9.7.3 SMART GREENHOUSES 130
9.7.3.1 Rising adoption of smart greenhouses is expected to boost demand for IIoT solutions worldwide 130
9.7.4 FISH FARMING 131
9.7.4.1 Surging use of IIoT solutions to effectively monitor fish farms 131
TABLE 56 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY OFFERING,
2017–2020 (USD BILLION) 131
TABLE 57 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY OFFERING,
2021–2026 (USD BILLION) 131
TABLE 58 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION,
2017–2020 (USD BILLION) 131
TABLE 59 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION,
2021–2026 (USD BILLION) 132
?
10 GEOGRAPHICAL ANALYSIS 133
10.1 INTRODUCTION 134
FIGURE 37 GEOGRAPHIC SNAPSHOT OF IIOT MARKET, 2019 134
TABLE 60 INDUSTRIAL IOT MARKET, BY REGION, 2017–2020 (USD BILLION) 135
TABLE 61 INDUSTRIAL IOT MARKET, BY REGION, 2021–2026 (USD BILLION) 135
10.2 NORTH AMERICA 135
FIGURE 38 SNAPSHOT OF IIOT MARKET IN NORTH AMERICA 136
TABLE 62 INDUSTRIAL IOT MARKET IN NORTH AMERICA, BY VERTICAL,
2017–2020 (USD BILLION) 137
TABLE 63 INDUSTRIAL IOT MARKET IN NORTH AMERICA, BY VERTICAL,
2021–2026 (USD BILLION) 137
TABLE 64 INDUSTRIAL IOT MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 137
TABLE 65 INDUSTRIAL IOT MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 138
10.2.1 US 138
10.2.1.1 Presence of major IoT solution providers and significant government support to drive adoption of IIoT solutions 138
10.2.2 CANADA 138
10.2.2.1 Increasing investments for development and adoption of IoT technology in critical applications 138
10.2.3 MEXICO 138
10.2.3.1 Evolution as industrial hub to boost adoption of IIoT solutions 138
10.3 EUROPE 139
FIGURE 39 SNAPSHOT OF IIOT MARKET IN EUROPE 140
TABLE 66 INDUSTRIAL IOT MARKET IN EUROPE, BY VERTICAL,
2017–2020 (USD BILLION) 140
TABLE 67 INDUSTRIAL IOT MARKET IN EUROPE, BY VERTICAL,
2021–2026 (USD BILLION) 141
TABLE 68 INDUSTRIAL IOT MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD BILLION) 141
TABLE 69 INDUSTRIAL IOT MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD BILLION) 141
10.3.1 UK 142
10.3.1.1 Increasing adoption of IoT solutions in energy vertical to drive
market growth 142
10.3.2 GERMANY 142
10.3.2.1 Surge in deployment of IoT technology in automotive sector to fuel market growth 142
10.3.3 FRANCE 142
10.3.3.1 Growing adoption of smart manufacturing to lead to market growth 142
10.3.4 REST OF EUROPE 143
10.4 APAC 143
FIGURE 40 SNAPSHOT OF IIOT MARKET IN APAC 144
TABLE 70 INDUSTRIAL IOT MARKET IN APAC, BY VERTICAL, 2017–2020 (USD BILLION) 144
TABLE 71 INDUSTRIAL IOT MARKET IN APAC, BY VERTICAL, 2021–2026 (USD BILLION) 145
TABLE 72 INDUSTRIAL IOT MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 145
TABLE 73 INDUSTRIAL IOT MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 145
10.4.1 CHINA 146
10.4.1.1 Increasing deployment of IoT solutions to drive market growth 146
10.4.2 JAPAN 146
10.4.2.1 Rising adoption of IIoT solutions to improve productivity and enable process optimization to contribute to market growth 146
10.4.3 INDIA 147
10.4.3.1 Large-scale industrial development to boost market 147
10.4.4 REST OF APAC 147
10.5 ROW 147
TABLE 74 INDUSTRIAL IOT MARKET IN ROW, BY VERTICAL, 2017–2020 (USD BILLION) 148
TABLE 75 INDUSTRIAL IOT MARKET IN ROW, BY VERTICAL, 2021–2026 (USD BILLION) 148
TABLE 76 INDUSTRIAL IOT MARKET IN ROW, BY COUNTRY, 2017–2020 (USD BILLION) 148
TABLE 77 INDUTSRIAL IOT MARKET IN ROW, BY COUNTRY, 2021–2026 (USD BILLION) 149
10.5.1 SOUTH AMERICA 149
10.5.1.1 Increased focus on connectivity and networking technologies to fuel market growth 149
10.5.2 MIDDLE EAST 149
10.5.2.1 Rising demand for IIoT solutions from oil & gas vertical and smart cities to contribute to market growth 149
10.5.3 AFRICA 150
10.5.3.1 Surge in demand for IoT solutions from mining to drive market growth 150
11 COMPETITIVE LANDSCAPE 151
11.1 INTRODUCTION 151
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 151
11.3 REVENUE ANALYSIS 152
FIGURE 41 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL IOT MARKET 152
11.4 MARKET SHARE ANALYSIS, 2020 153
FIGURE 42 INDUSTRIAL IOT MARKET: MARKET SHARE ANALYSIS (2020) 153
TABLE 78 INDUSTRIAL IOT MARKET: DEGREE OF COMPETITION 153
11.5 COMPANY EVALUATION QUADRANT 155
11.5.1 STAR 155
11.5.2 PERVASIVE 155
11.5.3 EMERGING LEADER 155
11.5.4 PARTICIPANT 155
FIGURE 43 INDUSTRIAL IOT MARKET COMPANY EVALUATION QUADRANT, 2020 156
11.5.5 INDUSTRIAL IOT MARKET: COMPANY PRODUCT FOOTPRINT 157
TABLE 79 COMPANY PRODUCT FOOTPRINT 157
11.5.6 INDUSTRIAL IOT MARKET: OFFERING FOOTPRINT 158
TABLE 80 COMPANY OFFERING FOOTPRINT 158
11.5.7 INDUSTRIAL IOT MARKET: VERTICAL FOOTPRINT 159
TABLE 81 COMPANY VERTICAL FOOTPRINT 159
11.5.8 INDUSTRIAL IOT MARKET: REGIONAL FOOTPRINT 160
TABLE 82 COMPANY REGIONAL FOOTPRINT 160
11.6 STARTUP/SME EVALUATION QUADRANT, 2020 161
11.6.1 PROGRESSIVE COMPANY 161
11.6.2 RESPONSIVE COMPANY 161
11.6.3 DYNAMIC COMPANY 161
11.6.4 STARTING BLOCK 161
FIGURE 44 INDUSTRIAL IOT MARKET STARTUP/SME EVALUATION QUADRANT, 2020 162
11.7 COMPETITIVE SCENARIO 163
FIGURE 45 INDUSTRIAL IOT MARKET EVALUATION FRAMEWORK OF MAJOR COMPANIES 163
11.7.1 EXPANSIONS, ACQUISITIONS, PARTNERSHIPS, AND COLLABORATIONS 163
TABLE 83 INDUSTRIAL IOT MARKET: DEALS, 2020–2021 163
11.7.2 PRODUCT LAUNCHES/DEVELOPMENTS 164
TABLE 84 INDUSTRIAL IOT MARKET: PRODUCT LAUNCHES, 2020–2021 164
12 COMPANY PROFILES 165
12.1 KEY PLAYERS 165
(Business overview, Products offered, Recent Developments, MNM view)*
12.1.1 ABB 165
TABLE 85 ABB: BUSINESS OVERVIEW 165
FIGURE 46 ABB: COMPANY SNAPSHOT 166
12.1.2 GENERAL ELECTRIC 169
TABLE 86 GENERAL ELECTRIC: BUSINESS OVERVIEW 169
FIGURE 47 GENERAL ELECTRIC: COMPANY SNAPSHOT 170
12.1.3 EMERSON ELECTRIC 173
TABLE 87 EMERSON ELECTRIC: BUSINESS OVERVIEW 173
FIGURE 48 EMERSON ELECTRIC: COMPANY SNAPSHOT 174
12.1.4 INTEL 177
TABLE 88 INTEL: BUSINESS OVERVIEW 177
FIGURE 49 INTEL: COMPANY SNAPSHOT 178
12.1.5 CISCO 181
TABLE 89 CISCO: BUSINESS OVERVIEW 181
FIGURE 50 CISCO: COMPANY SNAPSHOT 182
12.1.6 SAP SE 186
TABLE 90 SAP: BUSINESS OVERVIEW 186
FIGURE 51 SAP SE: COMPANY SNAPSHOT 186
12.1.7 HONEYWELL 189
TABLE 91 HONEYWELL: BUSINESS OVERVIEW 189
FIGURE 52 HONEYWELL: COMPANY SNAPSHOT 190
12.1.8 SIEMENS 192
TABLE 92 SIEMENS: BUSINESS OVERVIEW 192
FIGURE 53 SIEMENS: COMPANY SNAPSHOT 192
12.1.9 HUAWEI 194
TABLE 93 HUAWEI: BUSINESS OVERVIEW 194
FIGURE 54 HUAWEI: COMPANY SNAPSHOT 195
12.1.10 ROCKWELL AUTOMATION 197
TABLE 94 ROCKWELL AUTOMATION: BUSINESS OVERVIEW 197
FIGURE 55 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 197
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 200
12.2.1 ARM HOLDING 200
12.2.2 PTC 201
12.2.3 DASSAULT SYSTEMES 202
12.2.4 SIGFOX 202
12.2.5 BOSCH 203
12.2.6 NEC 203
12.2.7 ANSYS 204
12.2.8 WORLDSENSING SL 204
12.2.9 ARUNDO ANALYTICS 205
12.2.10 BRIGHT MACHINES 205
12.2.11 TEXAS INSTRUMENTS 206
12.2.12 KUKA 206
12.2.13 DRAGOS 207
12.2.14 GOOGLE 207
12.2.15 MICROSOFT 208
13 APPENDIX 209
13.1 INSIGHTS OF INDUSTRY EXPERTS 209
13.2 DISCUSSION GUIDE 209
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 211
13.4 AVAILABLE CUSTOMIZATIONS 213
13.5 RELATED REPORTS 213
13.6 AUTHOR DETAILS 214