The North America IIoT Platform Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027).
The IoT is considered as the network or networks surrounding the utilization of standard Internet Protocol (IP) technologies in order to connect people, things, and processes to allow the latest cyber-physical systems. Industrial IoT refers to the sub-segment of the bigger IoT, wherein these connections are present majorly to create physical goods for the marketplace and keeping up the physical assets of production. Earlier, the Internet has commonly been known to consist of a network of computers the adoption of mobile, integrated sensors, and other technologies are widening this definition to involve objects and people integrated with smart sensors. With time, this trend would surely increase with better technology and less costly hardware, the number of connected objects will become all-encompassing.
IIoT or Industrial Internet of Things is generally IoT cloud platforms that find applications in several industries with an aim to collect the correlated data. There are different kinds of IIoT platforms such as application management platforms, IoT device management platforms, and connectivity management platforms that carry out various roles in the industries. These IIoT platforms assist industries to cut down the time consumed in the collation and interpreting data as well as assisting them to automate various complicated processes in the industries which is why the IIoT platform market is thriving.
The US market dominated the North America IIoT Platform Application Enablement Platform Market by Country 2020, growing at a CAGR of 10.9 % during the forecast period. The Canada market is experiencing a CAGR of 14.2% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 13.3% during (2021 - 2027).
The Asset Management market dominated the Canada IIoT Platform Market by Application 2020, thereby, achieving a market value of $353.8 million by 2027. The Business Process Optimization market is estimated to grow at a CAGR of 15.5% during (2021 - 2027). The Email market is exhibiting a CAGR of 16.1% during (2021 - 2027). Additionally, The Supply Chain & Management market is expected to witness a CAGR of 15.5% during (2021 - 2027).
Based on Offering, the market is segmented into Platform (Without Services) and Services. Platform Type segment is further bifurcated across Device Management Platform, Application Enablement Platform and Connectivity Management Platform. Based on Application, the market is segmented into Asset Management, Business Process Optimization, Email, Supply Chain & Management and Automation Control. Based on Industry Vertical, the market is segmented into Energy & Utilities, Logistics & Transportation, Machine Manufacturing, Food & Beverages, Semiconductor & Electronics, Chemical & Materials, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, Software AG, SAP SE, Hitachi, Ltd., Intel Corporation, Siemens AG, Accenture PLC, and PTC, Inc.
Scope of the Study
Market Segments covered in the Report:
• Platform (Without Services)
o Device Management Platform
o Application Enablement Platform
o Connectivity Management Platform
• Asset Management
• Business Process Optimization
• Supply Chain & Management
• Automation Control
By Industry Vertical
• Energy & Utilities
• Logistics & Transportation
• Machine Manufacturing
• Food & Beverages
• Semiconductor & Electronics
• Chemical & Materials
• Rest of North America
• IBM Corporation
• Cisco Systems, Inc.
• Microsoft Corporation
• Software AG
• SAP SE
• Hitachi, Ltd.
• Intel Corporation
• Siemens AG
• Accenture PLC
• PTC, Inc.
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Our reports have been used by over 10K customers, including:
The Global IIoT Platform Market size is expected to reach $14.8 billion by 2027, rising at a market growth of 13.2% CAGR during the forecast period. In order to be benefitted from the latest inroads available with Industry 4.0, makers need to simply access data from their manufacturing processes. Encouraged by the requirement to recognize,...
The global modular instruments market is expected to exhibit moderate growth during 2021-2026. A modular instrument refers to the device used for the configuration of automated test and measurement (T&M) equipment. It consists of frames for connecting functional cards and accommodating input and output channels, along...
KEY FINDINGS The global cloud collaboration market is predicted to record a CAGR of 15.11% during the forecast period, 2021-2028. The shifting working trends, increased mobility, growing need for workforce productivity, and BYOD adoption propel market growth. MARKET INSIGHTS The benefits offered...
The global power management IC market reached a value of US$ 28.5 Billion in 2020. Looking forward, the analyst expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different...
Internet of Things (IOT) Companies are revising their long-term strategies to emerge stronger in the post-COVID pandemic scenario. After facing series of challenges such as supply chain disruption, demand fluctuations, other pressing concerns during 2020, companies are revising their strategies through modifying the composition of product...
Report Scope: In this report, the market has been segmented based on type, application, industry, navigation technology, battery type and geography.The report provides an overview of the global market for AGVs and analyzes market trends. Using 2019 as the base year, the report provides estimated market data for the...
The global smart bathroom market reached a value of US$ 4.46 in 2020. A smart bathroom refers to an automated plumbing and sanitary system which can be controlled through smartphones and other smart devices. It consists of numerous eco-friendly solutions and advanced technological hardware such as touchless faucets, sensor-enabled soap dispensers,...
The global smart lock market reached a value of US$ 1.8 Billion in 2020. A smart lock is an electro-mechanical door lock system that performs the locking and unlocking function upon receiving commands from an authorized source. These commands are usually transmitted through smartphones, wearable devices or tablets using Wi-Fi or Bluetooth....
693 pages •
By Global Industry Analysts
• Apr 2021
- An unusual period in history, the COVID-19 pandemic is creating a budget paradox for technology and IT departments worldwide. On one hand, the pandemic is creating a liquidity crunch for troubled companies reeling under the impact of restrictions and lockdowns. On the other, the necessity of a comprehensive...
138 pages •
By Global Industry Analysts
• Apr 2021
- Global Internet of Things (IoT) Data Management Market to Reach $156 Billion by 2027
- Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Data Management estimated at US$45.8 Billion in the year 2020, is projected to reach a revised size of US$156 Billion by 2027, growing at aCAGR...
Internet Of Things
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.