Industrial Internet of Things
                     Industrial Internet of Things (IIoT) Market business opportunities & future investments to 2026 
Market Overview 
The industrial internet of things is a term used to describe the interconnectivity of industrial processes 
and manufacturing equipment by adoption of IOT technology. The adoption of sensors in industries 
have given the birth to industrial IOT market. Sensors help convert information from analog to digital. 
Data networking and computing power have increased the demand for sensors in the automation 
industry. Continuous development of sensors technology and adoption of data, computing, and 
connectivity technology, analytics and artificial intelligent, human machine interaction, and digitalization 
are major factors driving growth to the industrial IOT market.        
The managed service segment held the dominant position in 2016 and is projected to maintain its 
dominance throughout the forecast period. Increasing government initiatives towards digitalization and 
increasing government investments to boost the adoption of IOT technology in various industries such 
as utilities and manufacturing are expected to drive growth of the IOT market. The professional services 
segment is expected exhibit the highest CAGR over the forecast period. 
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Market Dynamics 
On the basis of geography, the global industrial internet of things market is segmented into North 
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant 
position in the global industrial internet of things market and is projected to retain its dominance 
throughout the forecast period. Growing digitalization and high adoption of IOT solutions by 
manufacturing and automation industries have contributed to growth of the market in North America. 
Similarly, the Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, china, 
Japan, and South Korea are some of the major countries that help drive growth of the market for IOT in 
the Asia Pacific region. Dense population, increasing disposable income, and large scale industrialization 
in the region are boosting growth of the market. In addition to this, the increasing adoption of 
digitalization by various industries to reduce the production time and operating costs also create a 
conducive environment for growth of the industrial IOT market in Asia Pacific.      
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ABB, ARM Ltd., Cisco Systems, Inc., Dassault Systèmes, General Electric, Honeywell International Inc., 
Huawei Technology Co., Ltd., Intel Corporation, Rockwell Automation, Inc., and Texas Instruments Inc. 
are some of the major players in the global industrial internet of things market. 
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