Global IIoT Platform Market By Overview
Introduction:
Platforms for the Internet of Things (IIoT) combine backend data systems with industrial front-end operations. They enable organisations to develop new applications and incorporate both hardware and software. IIoT platforms are fundamentally tools for boosting connectivity, control, and data analysis in industrial environments. Thanks to platforms, frontline organisations have never before had this much control over their lines and procedures. They can be utilised by engineers to modify pre-existing application templates or to develop new applications (work instructions, inline quality checks, machine monitoring, etc.). Significant volumes of data are also collected by them. IIoT Platform Market size accounted for US$ 6 billion in 2020 and is estimated to be US$ 23.26 billion by 2030 and is anticipated to register a CAGR of 14.7%.
Global IIoT Platform Market By Dynamics
Due to the increasing adoption of next-generation technologies around the world, this market is anticipated to have considerable growth over the forecast period. Additionally, a rise in demand for cloud computing technologies has fueled the expansion of the global market. Additionally, during the course of the forecast period, the requirement for proactive maintenance, predictive maintenance, and centralised monitoring is anticipated to fuel market growth.
Global IIoT Platform Market By Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global IIoT Platform Market is segmented based on type, application and region.
On the basis of Type, the Global IIoT Platform Market is segmented into Device Management Platform, Application Management Platform, and Connectivity Management Platform. On the basis of Application, the Global IIoT Platform Market is segmented into Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global IIoT Platform Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is leading the target global market due to high population and high consumption of electronic devices in the region. China, being one of the biggest manufacturing countries has propelled the target market growth in Asia-Pacific. North America is the second leading target market owing to the rising number of start-up culture at a higher pace. Furthermore, the growth of small and medium-sized enterprises (SMEs) and increasing digitization in manufacturing by large organizations have driven the target market growth in the region.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
20220– 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
By Type - Device Management Platform, Application Management Platform, and Connectivity Management Platform. By Application - Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication. |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global IIoT Platform Market report based on device, contain, deployment and region:
Global IIoT Platform Market, By Prodcut Type
- Device Management Platform
- Application Management Platform
- Connectivity Management Platform
Global IIoT Platform Market, By Application
- Predictive Maintenance
- Business Process Optimization
- Asset Tracking & Management
- Logistics & Supply Chain Management
- Real-Time Workforce Tracking & Management
- Automation Control & Management
- Emergency & Incident Management
- Business Communication
Global IIoT Platform Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global IIoT Platform Market By Key Players
The key players operating the Global IIoT Platform Market includes Parametric Technology Corporation (PTC), SAP SE, International Business Machines (IBM) Corporation, Hitachi Global Ltd., Accenture, Inc., Atos Group, Inc., Altizon Systems Pvt. Ltd., Flutura Business Solutions Pvt. Ltd., Oracle Corporation and Cisco Systems, Inc.
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".
Global IIoT Platform Market By Company Profile
- Parametric Technology Corporation (PTC)*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SAP SE
- International Business Machines (IBM) Corporation
- Hitachi Global Ltd.
- Accenture, Inc.
- Atos Group, Inc.
- Altizon Systems Pvt. Ltd.
- Flutura Business Solutions Pvt. Ltd.
- Oracle Corporation
- Cisco Systems, Inc.
Global IIoT Platform Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for IIoT Platform Strategies
- Key Questions this Study will Answer
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- By Type (Device Management Platform, Application Management Platform, and Connectivity Management Platform),
- By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication),
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global IIoT Platform Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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- Parametric Technology Corporation (PTC)
- SAP SE
- International Business Machines (IBM) Corporation
- Hitachi Global Ltd.
- Accenture, Inc.
- Atos Group, Inc.
- Altizon Systems Pvt. Ltd.
- Flutura Business Solutions Pvt. Ltd.
- Oracle Corporation
- Cisco Systems, Inc.
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global IIoT Platform Market report segments the market on the based is segmented into type, application and region.
IoT device use has increased across numerous industrial verticals during the epidemic, including healthcare, utilities, manufacturing, and transportation and logistics.
North America is expected to hold largest market share in the IIoT platform market. The region is a major contributor to the IIoT platform market as the region is set to dominate IoT, cloud, AI, big data, and mobility, due to its size, diversity, and the strategic lead taken by countries, including US and Canada.
The leading players operating in the Global IIoT Platform Market includes Parametric Technology Corporation (PTC), SAP SE, International Business Machines (IBM) Corporation, Hitachi Global Ltd., Accenture, Inc., Atos Group, Inc., Altizon Systems Pvt. Ltd., Flutura Business Solutions Pvt. Ltd., Oracle Corporation and Cisco Systems, Inc.