#industrial iot market

[semiconductorsandelectronics]

The global industrial IoT market size is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to growing at a CAGR of 8.1% during the forecast period.

[chandupalle]

IIoT and Industry 4.0: How Smart Manufacturing is Revolutionizing the Industrial Sector

The convergence of IIoT and Industry 4.0 is leading to the creation of smart factories that are highly automated, efficient, and responsive to changing market demands. This article examines the impact of IIoT on smart manufacturing, focusing on industry size, share, growth trends, and the future outlook.

Market Size and Growth

The global IIoT market is experiencing robust growth, driven by the adoption of Industry 4.0 principles. The industrial IoT industry is projected to expand from a valuation of USD 194.4 billion in 2024 to USD 286.3 billion by 2029, reflecting a compound annual growth rate of 8.1%. The adoption of IIoT in smart manufacturing is particularly significant in the automotive, electronics, and aerospace industries.

The Role of IIoT in Smart Manufacturing

IIoT plays a critical role in enabling smart manufacturing by connecting machines, sensors, and systems to create a seamless flow of information. This connectivity allows for real-time monitoring, predictive maintenance, and optimization of manufacturing processes, leading to increased productivity and reduced downtime.

Trends in Smart Manufacturing

Digital Twins: The use of digital twins to simulate and optimize manufacturing processes is becoming more prevalent.

Predictive Maintenance: IIoT enables predictive maintenance, allowing manufacturers to anticipate equipment failures and reduce unplanned downtime.

Collaborative Robots (Cobots): The integration of IIoT with cobots is enhancing human-machine collaboration on the factory floor.

The integration of IIoT with Industry 4.0 is transforming manufacturing into a more intelligent and efficient process. As the industry continues to evolve, IIoT will play an increasingly important role in driving the future of smart manufacturing.

[aishavass]

The inclination of businesses towards predictive maintenance drives the demand for global industrial IoT market. On the geographical front, North America...

[research-reports-blogs]

The industrial IoT market is expected to grow significantly, with a notable 12.1% annual growth rate. By the year 2033, it is projected to reach a substantial value of US$ 1,392,133.7 million. This indicates a promising future for IIoT technologies in various industries.

Technological developments in semiconductor and electronic devices, growing usage of cloud computing platforms, standardization of IPv6, and backing from governments of various nations for IIoT R&D efforts are all driving the industrial IoT market forward.

[sarena1995]

Industrial IoT Market Size, Growth - Rising Trends and Research Outlook 2019-2027 | Credence Research

The latest market report published by Credence Research, Inc. Globally, the Industrial Internet of Things (IoT) market is expected to grow at a CAGR of over 29% during the forecast period from 2019 to 2027, starting from US$ 160.0 Bn in 2018. 

In recent years, the fusion of the industrial sector with the Internet of Things (IoT) has given birth to the Industrial Internet of Things (IIoT), a dynamic market poised for substantial growth. The IIoT is the amalgamation of connected devices, advanced analytics, and innovative technologies, designed specifically for the industrial environment. As the manufacturing and industrial sectors undergo a paradigm shift in their operations and infrastructure, the IIoT market has become a linchpin for industrial transformation.

Market Dynamics and Potential

Driven by the increasing need for efficiency, precision, and cost-reduction, industries globally are integrating IIoT solutions into their operations. The predictive maintenance capability offered by IIoT reduces unplanned downtime, saving millions for large enterprises. Moreover, IIoT systems optimize energy consumption, streamline supply chain processes, and enhance worker safety, thereby reinforcing the market's potential.

A report by the McKinsey Global Institute suggests that the potential economic impact of the IIoT could reach up to $11 trillion annually by 2025. This bullish prediction underscores the transformative power of IIoT technologies, such as smart sensors, edge computing, and artificial intelligence, which are critical for data-driven decision-making in real-time.

Browse the Full report at https://www.credenceresearch.com/report/industrial-iot-market

[maryharrisk5]

concerns over technology integration, asset-level visibility, and security, are some of the restraints that are likely to hinder the market growth

[evonnebaker]

The inclination of businesses towards predictive maintenance drives the demand for global industrial IoT market. On the geographical front, North America dominated the global Industrial IoT market in 2019 and is expected to do so over the forecast period 2019 – 2025

[delightfullyatomiccollector-blog]

Industrial IoT Display Market Size share value Trends and Growth Drivers [2028]

The Industrial IoT Display Market Size is projected to reach USD 1.6 billion by 2028 from an estimated USD 0.9 billion in 2023, at a CAGR of 13.3% from 2023 to 2028. The growing adoption of IoT and increasing demand for HMI devices are among the factors driving the growth of the Industrial IoT Display market. The Industrial IoT Display companies such as E Ink Holdings Inc. (Taiwan), BOE Technology Group Co., Ltd. (China), Advantech Co., Ltd. (Taiwan), Pepperl+Fuchs SE (Germany), Sharp Corporation (Japan), PDi Digital  (Austria), Planar Systems, Inc. (US), Winmate Inc. (Taiwan), Maple Systems Inc. (US).

[dhirajmarketresearch]

[semiconductorsandelectronics]

Industrial IoT Market Size, Share & Industry Trends Growth Analysis Report by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029

[chandupalle]

https://www.benzinga.com/pressreleases/21/07/n21846413/industrial-iot-market-worth-106-1-billion-by-2026-exclusive-report-by-marketsandmarkets

The global Industrial IoT Market size is projected to USD 106.1 billion by 2026 from USD 88.2 billion in 2023 at a CAGR of 6.7% during the forecast period.

[aishavass]

The inclination of businesses towards predictive maintenance drives the demand for global industrial IoT market. On the geographical front, North America...

[research-reports-blogs]

The industrial IoT market is expected to grow significantly, with a notable 12.1% annual growth rate. By the year 2033, it is projected to reach a substantial value of US$ 1,392,133.7 million. This indicates a promising future for IIoT technologies in various industries.

[strjackst]

IoT Battery Market Report, Market Size, Share, Trends, Analysis By Forecast Period