IIot Platform Market Analysis By Setup Type(Application Management, Connectivity And Network Management, Device Management, Services- Professional Services, Consulting And Training, System Design And Implementation, Support And Maintenance, Iot Device Optimization, Managed Services), By Implementation Model(Assets Management, Supply Chain And Management, Business Process Optimization, Workforce Management, Automation Control, Emergency And Incident Management), By Industry(Energy And Utilities, Chemical And Materials, Food And Beverages) & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 204
- CATEGORY
- Information Technology
The global IIoT platform market is anticipated to grow from 6.89 billion in 2022 to 20.78 billion by 2030. The Industrial Internet of Things (IIoT) is a platform that collects and analyses data from hardware and software systems and aggregates it into a centralized environment to be accessed by a wide group of users. IIoT devices include sensors, computers, and machines for application management in manufacturing, agriculture, energy and power and other industry verticals. The global IIoT platform market is segmented on the basis of setup type, implementation model, by Industry, and by geography. Growing demands from the utility and mission-critical systems companies to manage outages and or identify heavy demand for electricity grids and nuclear plants is anticipated to propel the growth of the global IIoT platform market.
Drivers:
Growing demands to transfer data without human or computer interaction, and increased requirements of a physical server to filter data before transmitting it to other devices is propelling the growth of the global IIoT platform market. There is a growing demand for IoT devices that is gaining rapid deployment in the residential, commercial or industrial settings. An IoT device connects to other hardware through an IoT gateway service. Growing penetration of smartphones has further broadened the IoT ecosystem. IIoT technologies include smart appliances, utility grids, security monitoring systems, weather prediction services, traffic and crowd control systems, among others. Data collected from these are fed into a programmable logic controller, which then transfers the data to an IIoT process which delivers it to a device.
Segmentation:
On the basis of setup type, the global IIoT Platform market is segmented into platform- application management, connectivity and network management, device management, services- professional services, consulting and training, system design and implementation, support and maintenance, IoT device optimization, managed services, and others. The platform application management segment is anticipated to witness a fastest growth owing to a rising deployment of application platforms in industries.
On the basis of implementation model, the global IIoT Platform market is segmented into assets management, supply chain and management, business process optimization, workforce management, automation control, emergency and incident management, and others.
On the basis of industry, the global IIoT Platform market is segmented into process industry- energy and utilities, chemical and materials, food and beverages, others.
Geography:
On the basis of region, the global IIoT Platform market is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. North America is projected to capture a substantial revenue share in the global IIoT Platform market over 2022-2030. The growth is attributable to the existence of multiple tech giants and the early adoption of the new technology in regions of US, Canada, and Mexico.
Impact of COVID-19 on the global IIoT Platform Market:
The Covid-19 pandemic significantly increased the adoption of IIoT Technologies across the globe. The crisis negatively impacted various businesses and disrupted the global supply chain. However, as the economies started to recover from the adverse impacts, IIoT deployments witnessed a rapid acceleration. In the post COVID-19 scenario automation and efficiency of industries are rapidly improving for business that are actively embracing digitalization. The pandemic has encouraged global businesses to rely on industry 4.0 technologies, most importantly IIoT to increase productivity. Data management, and continuity are some of the major factors that is bolstering the growth of the IIoT platform market in the post pandemic era.
Impact of the Russia-Ukraine War on the global IIoT Platform Market:
The global supply chains are disrupted by the Russia-Ukraine conflict in the same way as the it did when the COVID-19 pandemic first surfaced. There has been a significant rise in the transportation costs, gas prices, and electricity rates as a result of the Russia Ukraine war. Due to the increased energy costs, companies are forced to raise prices. The supply of commodities is substantially disrupted in regions such as US, Europe, and China. The conflict has accelerated the chip shortage and raw materials such as neon and palladium used in semiconductor manufacturing. Russia and Ukraine are the two major producers of neon and palladium. The countries produce more than 50% of the aforementioned raw materials. Due to the war the industries that are completely dependent on Russia and Ukraine for raw material are incurring huge losses and are unable to find an alternative supplier soon. The continuation of the conflict is likely to further delay IIoT hardware production and sales which is anticipated to slow down the accelerated deployment of the IIoT platforms. This is estimated to negatively impact the global market growth.
Company Profiles:
The key market players in the global IIoT platform market are SOFTWARE AG, SIEMENS AG, PTC, IBM Corporation, Oracle Corporation, Cisco Systems Inc., Hitachi Ltd., Microsoft Corporation, SAP SE, Intel Corporation, Accenture PLC, ATOS, AMAZON WEB SERVICES (AWS), BOSCH.IO, SCHNEIDER ELECTRIC, DAVRA, EUROTECH, and others.
Reasons to Purchase IIoT Platform Market Report• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IIoT Platform Market Size Growth Rate by Type: 2016 VS 2021 VS 2030
1.2.2 Device management platform
1.2.3 Application management platform
1.2.4 Connectivity management platform
1.3 Market by Application
1.3.1 Global IIoT Platform Market Share by Application: 2016 VS 2021 VS 2030
1.3.2 Process industry
1.3.3 Discrete Industry
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global IIoT Platform Market Perspective (2016-2030)
2.2 IIoT Platform Growth Trends by Regions
2.2.1 IIoT Platform Market Size by Regions: 2016 VS 2021 VS 2030
2.2.2 IIoT Platform Historic Market Share by Regions (2016-2021)
2.2.3 IIoT Platform Forecasted Market Size by Regions (2022-2030)
2.3 IIoT Platform Industry Dynamic
2.3.1 IIoT Platform Market Trends
2.3.2 IIoT Platform Market Drivers
2.3.3 IIoT Platform Market Challenges
2.3.4 IIoT Platform Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top IIoT Platform Players by Revenue
3.1.1 Global Top IIoT Platform Players by Revenue (2016-2021)
3.1.2 Global IIoT Platform Revenue Market Share by Players (2016-2021)
3.2 Global IIoT Platform Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by IIoT Platform Revenue
3.4 Global IIoT Platform Market Concentration Ratio
3.4.1 Global IIoT Platform Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IIoT Platform Revenue in 2020
3.5 IIoT Platform Key Players Head office and Area Served
3.6 Key Players IIoT Platform Product Solution and Service
3.7 Date of Enter into IIoT Platform Market
3.8 Mergers & Acquisitions, Expansion Plans
4 IIoT Platform Breakdown Data by Type
4.1 Global IIoT Platform Historic Market Size by Type (2016-2021)
4.2 Global IIoT Platform Forecasted Market Size by Type (2022-2030)
5 IIoT Platform Breakdown Data by Application
5.1 Global IIoT Platform Historic Market Size by Application (2016-2021)
5.2 Global IIoT Platform Forecasted Market Size by Application (2022-2030)
6 North America
6.1 North America IIoT Platform Market Size (2016-2030)
6.2 North America IIoT Platform Market Size by Type
6.2.1 North America IIoT Platform Market Size by Type (2016-2021)
6.2.2 North America IIoT Platform Market Size by Type (2022-2030)
6.2.3 North America IIoT Platform Market Size by Type (2016-2030)
6.3 North America IIoT Platform Market Size by Application
6.3.1 North America IIoT Platform Market Size by Application (2016-2021)
6.3.2 North America IIoT Platform Market Size by Application (2022-2030)
6.3.3 North America IIoT Platform Market Size by Application (2016-2030)
6.4 North America IIoT Platform Market Size by Country
6.4.1 North America IIoT Platform Market Size by Country (2016-2021)
6.4.2 North America IIoT Platform Market Size by Country (2022-2030)
6.4.3 United States
6.4.3 Canada
7 Europe
7.1 Europe IIoT Platform Market Size (2016-2030)
7.2 Europe IIoT Platform Market Size by Type
7.2.1 Europe IIoT Platform Market Size by Type (2016-2021)
7.2.2 Europe IIoT Platform Market Size by Type (2022-2030)
7.2.3 Europe IIoT Platform Market Size by Type (2016-2030)
7.3 Europe IIoT Platform Market Size by Application
7.3.1 Europe IIoT Platform Market Size by Application (2016-2021)
7.3.2 Europe IIoT Platform Market Size by Application (2022-2030)
7.3.3 Europe IIoT Platform Market Size by Application (2016-2030)
7.4 Europe IIoT Platform Market Size by Country
7.4.1 Europe IIoT Platform Market Size by Country (2016-2021)
7.4.2 Europe IIoT Platform Market Size by Country (2022-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic
8 Asia-Pacific
8.1 Asia-Pacific IIoT Platform Market Size (2016-2030)
8.2 Asia-Pacific IIoT Platform Market Size by Type
8.2.1 Asia-Pacific IIoT Platform Market Size by Type (2016-2021)
8.2.2 Asia-Pacific IIoT Platform Market Size by Type (2022-2030)
8.2.3 Asia-Pacific IIoT Platform Market Size by Type (2016-2030)
8.3 Asia-Pacific IIoT Platform Market Size by Application
8.3.1 Asia-Pacific IIoT Platform Market Size by Application (2016-2021)
8.3.2 Asia-Pacific IIoT Platform Market Size by Application (2022-2030)
8.3.3 Asia-Pacific IIoT Platform Market Size by Application (2016-2030)
8.4 Asia-Pacific IIoT Platform Market Size by Region
8.4.1 Asia-Pacific IIoT Platform Market Size by Region (2016-2021)
8.4.2 Asia-Pacific IIoT Platform Market Size by Region (2022-2030)
8.4.3 China
8.4.4 Japan
8.4.5 South Korea
8.4.6 Southeast Asia
8.4.7 India
8.4.8 Australia
9 Latin America
9.1 Latin America IIoT Platform Market Size (2016-2030)
9.2 Latin America IIoT Platform Market Size by Type
9.2.1 Latin America IIoT Platform Market Size by Type (2016-2021)
9.2.2 Latin America IIoT Platform Market Size by Type (2022-2030)
9.2.3 Latin America IIoT Platform Market Size by Type (2016-2030)
9.3 Latin America IIoT Platform Market Size by Application
9.3.1 Latin America IIoT Platform Market Size by Application (2016-2021)
9.3.2 Latin America IIoT Platform Market Size by Application (2022-2030)
9.3.3 Latin America IIoT Platform Market Size by Application (2016-2030)
9.4 Latin America IIoT Platform Market Size by Country
9.4.1 Latin America IIoT Platform Market Size by Country (2016-2021)
9.4.2 Latin America IIoT Platform Market Size by Country (2022-2030)
9.4.3 Mexico
9.4.4 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IIoT Platform Market Size (2016-2030)
10.2 Middle East & Africa IIoT Platform Market Size by Type
10.2.1 Middle East & Africa IIoT Platform Market Size by Type (2016-2021)
10.2.2 Middle East & Africa IIoT Platform Market Size by Type (2022-2030)
10.2.3 Middle East & Africa IIoT Platform Market Size by Type (2016-2030)
10.3 Middle East & Africa IIoT Platform Market Size by Application
10.3.1 Middle East & Africa IIoT Platform Market Size by Application (2016-2021)
10.3.2 Middle East & Africa IIoT Platform Market Size by Application (2022-2030)
10.3.3 Middle East & Africa IIoT Platform Market Size by Application (2016-2030)
10.4 Middle East & Africa IIoT Platform Market Size by Country
10.4.1 Middle East & Africa IIoT Platform Market Size by Country (2016-2021)
10.4.2 Middle East & Africa IIoT Platform Market Size by Country (2022-2030)
10.4.3 Turkey
10.4.4 Saudi Arabia
10.4.5 UAE
11 Key Players Profiles
11.1 PTC
11.1.1 PTC Company Details
11.1.2 PTC Business Overview
11.1.3 PTC IIoT Platform Introduction
11.1.4 PTC Revenue in IIoT Platform Business (2016-2021)
11.1.5 PTC Recent Development
11.2 SAP
11.2.1 SAP Company Details
11.2.2 SAP Business Overview
11.2.3 SAP IIoT Platform Introduction
11.2.4 SAP Revenue in IIoT Platform Business (2016-2021)
11.2.5 SAP Recent Development
11.3 Hitachi
11.3.1 Hitachi Company Details
11.3.2 Hitachi Business Overview
11.3.3 Hitachi IIoT Platform Introduction
11.3.4 Hitachi Revenue in IIoT Platform Business (2016-2021)
11.3.5 Hitachi Recent Development
11.4 Accenture
11.4.1 Accenture Company Details
11.4.2 Accenture Business Overview
11.4.3 Accenture IIoT Platform Introduction
11.4.4 Accenture Revenue in IIoT Platform Business (2016-2021)
11.4.5 Accenture Recent Development
11.5 IBM
11.5.1 IBM Company Details
11.5.2 IBM Business Overview
11.5.3 IBM IIoT Platform Introduction
11.5.4 IBM Revenue in IIoT Platform Business (2016-2021)
11.5.5 IBM Recent Development
11.6 Oracle
11.6.1 Oracle Company Details
11.6.2 Oracle Business Overview
11.6.3 Oracle IIoT Platform Introduction
11.6.4 Oracle Revenue in IIoT Platform Business (2016-2021)
11.6.5 Oracle Recent Development
11.7 ATOS
11.7.1 ATOS Company Details
11.7.2 ATOS Business Overview
11.7.3 ATOS IIoT Platform Introduction
11.7.4 ATOS Revenue in IIoT Platform Business (2016-2021)
11.7.5 ATOS Recent Development
11.8 Altizon
11.8.1 Altizon Company Details
11.8.2 Altizon Business Overview
11.8.3 Altizon IIoT Platform Introduction
11.8.4 Altizon Revenue in IIoT Platform Business (2016-2021)
11.8.5 Altizon Recent Development
11.9 QIO Technologies
11.9.1 QIO Technologies Company Details
11.9.2 QIO Technologies Business Overview
11.9.3 QIO Technologies IIoT Platform Introduction
11.9.4 QIO Technologies Revenue in IIoT Platform Business (2016-2021)
11.9.5 QIO Technologies Recent Development
11.10 Flutura
11.10.1 Flutura Company Details
11.10.2 Flutura Business Overview
11.10.3 Flutura IIoT Platform Introduction
11.10.4 Flutura Revenue in IIoT Platform Business (2016-2021)
11.10.5 Flutura Recent Development
11.11 Software AG
11.11.1 Software AG Company Details
11.11.2 Software AG Business Overview
11.11.3 Software AG IIoT Platform Introduction
11.11.4 Software AG Revenue in IIoT Platform Business (2016-2021)
11.11.5 Software AG Recent Development
11.12 GE
11.12.1 GE Company Details
11.12.2 GE Business Overview
11.12.3 GE IIoT Platform Introduction
11.12.4 GE Revenue in IIoT Platform Business (2016-2021)
11.12.5 GE Recent Development
11.13 Amazon
11.13.1 Amazon Company Details
11.13.2 Amazon Business Overview
11.13.3 Amazon IIoT Platform Introduction
11.13.4 Amazon Revenue in IIoT Platform Business (2016-2021)
11.13.5 Amazon Recent Development
11.14 C3 IoT
11.14.1 C3 IoT Company Details
11.14.2 C3 IoT Business Overview
11.14.3 C3 IoT IIoT Platform Introduction
11.14.4 C3 IoT Revenue in IIoT Platform Business (2016-2021)
11.14.5 C3 IoT Recent Development
11.15 Davra Networks
11.15.1 Davra Networks Company Details
11.15.2 Davra Networks Business Overview
11.15.3 Davra Networks IIoT Platform Introduction
11.15.4 Davra Networks Revenue in IIoT Platform Business (2016-2021)
11.15.5 Davra Networks Recent Development
11.16 Cisco
11.16.1 Cisco Company Details
11.16.2 Cisco Business Overview
11.16.3 Cisco IIoT Platform Introduction
11.16.4 Cisco Revenue in IIoT Platform Business (2016-2021)
11.16.5 Cisco Recent Development
11.17 Intel
11.17.1 Intel Company Details
11.17.2 Intel Business Overview
11.17.3 Intel IIoT Platform Introduction
11.17.4 Intel Revenue in IIoT Platform Business (2016-2021)
11.17.5 Intel Recent Development
11.18 AT&T
11.18.1 AT&T Company Details
11.18.2 AT&T Business Overview
11.18.3 AT&T IIoT Platform Introduction
11.18.4 AT&T Revenue in IIoT Platform Business (2016-2021)
11.18.5 AT&T Recent Development
11.18 HPE
11.25.1 HPE Company Details
11.25.2 HPE Business Overview
11.25.3 HPE IIoT Platform Introduction
11.25.4 HPE Revenue in IIoT Platform Business (2016-2021)
11.25.5 HPE Recent Development
11.20 Zebra Technologies
11.20.1 Zebra Technologies Company Details
11.20.2 Zebra Technologies Business Overview
11.20.3 Zebra Technologies IIoT Platform Introduction
11.20.4 Zebra Technologies Revenue in IIoT Platform Business (2016-2021)
11.20.5 Zebra Technologies Recent Development
11.21 Bosch
11.21.1 Bosch Company Details
11.21.2 Bosch Business Overview
11.21.3 Bosch IIoT Platform Introduction
11.21.4 Bosch Revenue in IIoT Platform Business (2016-2021)
11.21.5 Bosch Recent Development
11.22 Microsoft
11.22.1 Microsoft Company Details
11.22.2 Microsoft Business Overview
11.22.3 Microsoft IIoT Platform Introduction
11.22.4 Microsoft Revenue in IIoT Platform Business (2016-2021)
11.22.5 Microsoft Recent Development
11.23 Eurotech
11.23.1 Eurotech Company Details
11.23.2 Eurotech Business Overview
11.23.3 Eurotech IIoT Platform Introduction
11.23.4 Eurotech Revenue in IIoT Platform Business (2016-2021)
11.23.5 Eurotech Recent Development
11.24 Siemens
11.24.1 Siemens Company Details
11.24.2 Siemens Business Overview
11.24.3 Siemens IIoT Platform Introduction
11.24.4 Siemens Revenue in IIoT Platform Business (2016-2021)
11.24.5 Siemens Recent Development
11.25 Schneider Electric
11.25.1 Schneider Electric Company Details
11.25.2 Schneider Electric Business Overview
11.25.3 Schneider Electric IIoT Platform Introduction
11.25.4 Schneider Electric Revenue in IIoT Platform Business (2016-2021)
11.25.5 Schneider Electric Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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