Precision Business Insights has published a report on the global industrial internet of things (iot) market, estimating its value at USD 485.4 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 23.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/industrial-internet-of-things-iot-market

Market Definition:

The Industrial Internet of Things (IIoT) refers to the integration of interconnected sensors, devices, and systems within industrial environments. It enables real-time data collection, analysis, and communication to optimize operations, improve efficiency, and enhance decision-making.

Drivers:

1)      Increasing demand for automation in industries.

2)      Rise of industry 4.0 and smart factors.

The global industrial internet of things (iot) market segmentation:
1) By Component: Solution (Remote Monitoring, Data Management, Analytics, Security Solutions.
2) By Services: Professional, Managed).
3) By Platform: Connectivity Management, Application Management, Device Management.
4) By End User: Manufacturing, Energy & Power, Oil & Gas, Healthcare, Logistics & Transport, Agriculture.

Regional Overview:
The report also examines the current concerns and their Future Effects on the industrial internet of things (iot) market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the industrial internet of things (iot) market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., Abb Group, Texas Instruments, Inc., Dassault Systemes, Honeywell International, Inc., Huawei Technology Co., Ltd.,, IBM Corporation.

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