The Industrial IoT (IIoT) Platform Market Size was valued at USD 9.7 Billion in 2023 and is expected to reach USD 26.9 Billion by 2031 and grow at a CAGR of 13.6% over the forecast period 2024-2031.
The Industrial IoT (IIoT) platform market encompasses software solutions that enable the connection, management, and analysis of data from industrial devices and systems. These platforms play a vital role in driving digital transformation across industries by facilitating operational efficiency, informed decision-making, and new revenue streams. Key components of IIoT platforms include connectivity to gather data from diverse devices, robust data management capabilities, advanced analytics tools for deriving insights, comprehensive security features, and seamless integration with existing enterprise systems. The market is characterized by a diverse vendor landscape, offering solutions tailored to specific industry verticals and use cases such as asset management, predictive maintenance, and smart manufacturing. Continued growth in the IIoT platform market is fueled by factors such as the increasing adoption of IoT devices, advancements in connectivity technologies, the rise of cloud and edge computing, and supportive government initiatives.
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KEY DRIVERS:
Industries are increasingly seeking ways to optimize processes and improve efficiency. IIoT platforms offer functionalities like remote monitoring, predictive maintenance, and data analytics, leading to significant cost savings and performance gains.
Supportive government policies and investments in Industry 4.0 advancements are propelling the adoption of IIoT technologies, including platforms.
Supportive government policies and investments in Industry 4.0 advancements are playing a pivotal role in driving the adoption of IIoT technologies, including platforms. As governments recognize the potential benefits of digitalization and automation in enhancing industrial productivity and competitiveness, they are implementing policies and initiatives to support their adoption. Additionally, government-led programs aimed at upskilling the workforce to meet the demands of a digitized industrial landscape further contribute to the widespread adoption of IIoT technologies.
RESTRAINTS:
Industrial environments often handle sensitive data. Security vulnerabilities in IIoT platforms pose a significant risk, hindering wider adoption.
The lack of standardized data formats across different platforms creates challenges in data integration and analysis, limiting the effectiveness of IIoT solutions.
Implementing and integrating IIoT platforms can be expensive, especially for smaller companies, which can act as a barrier to entry.
OPPORTUNITY:
The growing adoption of cloud computing offers scalable and cost-effective IIoT platform solutions, making them accessible to a wider range of businesses.
Integration of Artificial Intelligence (AI) and machine learning into IIoT platforms will enable more sophisticated data analysis, leading to improved decision-making and predictive capabilities.
Evolving platforms with user-friendly interfaces and robust functionalities will enhance user adoption and drive market growth.
The integration of Artificial Intelligence (AI) and machine learning into IIoT platforms holds significant promise for revolutionizing industrial operations. By leveraging AI algorithms and machine learning techniques, IIoT platforms can analyze vast amounts of data generated by sensors and devices in real time. Consequently, industrial organizations can make more informed decisions, optimize processes, and enhance overall efficiency. Moreover, AI-powered IIoT platforms can automate routine tasks, streamline workflows, and adapt to changing operational conditions autonomously, further driving improvements in productivity and competitiveness.
CHALLENGES:
A lack of skilled professionals with expertise in IIoT platforms and data management can hinder successful implementation and utilization.
The regulatory landscape surrounding data privacy and security in IIoT is constantly evolving. Companies need to stay compliant to avoid disruptions.
The IIoT platform market is becoming increasingly competitive with established players and new entrants vying for market share.
The Russian-Ukraine war has the potential to significantly impact the Industrial IoT (IIoT) platform market in various ways. The supply chain disruptions may occur if either country plays a significant role in IIoT hardware manufacturing or software development, leading to shortages and increased costs. The market uncertainty stemming from political instability and economic sanctions could deter businesses from investing in IIoT solutions, thereby affecting market growth. Additionally, heightened geopolitical tensions may increase the risk of cyberattacks, including those targeting IIoT systems, raising concerns about data and operational security.
Moreover, companies may shift their focus away from regions directly affected by the conflict, potentially impacting IIoT market growth in those areas. However, amidst these challenges, there may also be opportunities for alternative markets to emerge as businesses seek to mitigate risks associated with the conflict. Ultimately, the extent of the impact will depend on factors such as the duration and intensity of the conflict, as well as the specific dependencies of the IIoT industry on the Russian and Ukrainian markets.
An economic slowdown presents challenges for the Industrial IoT (IIoT) platform market, as businesses may reduce investment, delay adoption, and face budget constraints. This could result in slower growth, decreased demand, and increased competition among IIoT platform providers. Tighter budgets may lead to reduced spending on maintenance and upgrades of existing IIoT infrastructure, impacting revenue streams. In such times, businesses may prioritize cost-saving measures over innovation, shifting focus away from IIoT projects. Despite these challenges, the slowdown also offers opportunities for IIoT providers to demonstrate their solutions' value in enhancing operational efficiency and navigating economic uncertainties, potentially fostering long-term growth and resilience in the market.
By Offering
Platforms
Device Management Platform
Application Enablement Platform
Connectivity Management Platform
Services
Consulting Services
System Integration and Deployment
Support and Maintenance
By Application Area
Asset Management
Supply Chain and Management
Business Process Optimization
Automation Control
Emergency and Incident Management
The Asset Management segment is anticipated to lead the IIoT platform market. This is attributed to the proliferation of low-cost sensors, GPS-enabled location-based services, affordable connectivity, and gateways. Consequently, an increasing number of assets are being equipped with tracking devices, sensors, and actuators, facilitating centralized connectivity to the IIoT platform. IIoT platform-enabled asset management solutions play a crucial role in mitigating risks by promptly updating component locations upon arrival. Effective asset management is vital for overseeing physical assets and optimizing equipment performance on the manufacturing floor. It serves as the foundation for safeguarding physical assets such as plants, machinery, and fleets, thereby supporting seamless manufacturing operations.
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By Vertical
Process Industry
Energy and Utilities
Chemical and Materials
Food and Beverages
Discrete Industry
Automotive
Machine Manufacturing
Semiconductor and Electronics
Medical Devices
Logistics and Transportation
Others
In 2023, North America secured the largest market share, exceeding 33%, and is poised to maintain its dominance throughout the forecast period. This leadership is attributed to the region's early embrace and deployment of industrial IoT technology. Additionally, robust government backing for advancing digitalization within the industrial landscape, heightened adoption of industrial IoT devices, and the uptake of cutting-edge technologies like cloud computing and AI are projected to propel market expansion.
The Asia Pacific region is anticipated to exhibit the highest compound annual growth rate (CAGR) from 2024 to 2031. This growth is fueled by the increasing popularity of advanced factory automation systems, notably in China and Japan. South Korea's industrial Internet of things (IIoT) market is experiencing exponential growth, driven by technological advancements such as 5G and Industry 4.0, alongside smart factory trends. Moreover, manufacturing industries in the region are increasingly acknowledging the benefits of integrating robot arm technology. Notably, prominent countries in Asia Pacific are making substantial investments in Industry 4.0 initiatives, aiming for self-sufficiency in production and manufacturing capabilities.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The key players are ABB, General Electric Company (GE), IBM Corporation, Intel Corporation, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, QiO Technologies, Litmus Automation, Amazon Web Services & Other Players
In July 2023: Honeywell completed the acquisition of SCADAfence, a specialist in cybersecurity solutions tailored for monitoring extensive operational technology (OT) Internet of things (IoT) networks. This strategic maneuver is in alignment with Honeywell's strategic focus on digitalization, sustainability, and providing cybersecurity Software as a Service (SaaS) solutions for OT.
In February 2023: Cisco introduced new cloud services as part of its IoT Operations Dashboard. This launch aims to augment visibility into industrial assets, offering secure management capabilities accessible from any location. The newly introduced cloud services also facilitate a smooth transition for Industrial Internet of Things (IoT) clients towards cloud automation, with a specific focus on catering to Operational Technology (OT) teams.
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.7 Bn |
| Market Size by 2031 | US$ 26.9 Bn |
| CAGR | CAGR of 13.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Platforms and Consulting Services) • By Application Area (Asset Management, Supply Chain and Management, Business Process Optimization, Workforce Management, Automation Control, Emergency and Incident Management) • By Vertical (Process Industry (Energy and Utilities, Chemical and Materials, Food and Beverages), Discrete Industry (Automotive, Machine Manufacturing, Semiconductor and Electronics, Medical Devices, Logistics and Transportation, Others)) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ABB, General Electric Company (GE), IBM Corporation, Intel Corporation, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, QiO Technologies, Litmus Automation, Amazon Web Services |
| Key Drivers |
• Industries are increasingly seeking ways to optimize processes and improve efficiency. IIoT platforms offer functionalities like remote monitoring, predictive maintenance, and data analytics, leading to significant cost savings and performance gains. • Supportive government policies and investments in Industry 4.0 advancements are propelling the adoption of IIoT technologies, including platforms. |
| Market Opportunities |
• Industrial environments often handle sensitive data. Security vulnerabilities in IIoT platforms pose a significant risk, hindering wider adoption. • The lack of standardized data formats across different platforms creates challenges in data integration and analysis, limiting the effectiveness of IIoT solutions. • Implementing and integrating IIoT platforms can be expensive, especially for smaller companies, which can act as a barrier to entry. |
North America is expected to hold the largest market share during the forecast period.
The Asset Management Segment is leading in the market revenue share in 2023.
The Asia-Pacific region is anticipated to record the Fastest Growing in the Industrial IoT (IIoT) Platform Market.
Industrial IoT (IIoT) Platform Market size was USD 9.7 Billion in 2023 and is expected to Reach USD 26.9 Billion by 2031.
The Industrial IoT (IIoT) Platform Market is expected to grow at a CAGR of 13.6%.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
9.1 Introduction
9.2 Trend Analysis
9.3 Passenger Car
9.4 Commercial Vehicles
10. Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
10.1 Introduction
10.2 Trend Analysis
10.3 Less Than 20 KW
10.4 More Than 20 KW
11. Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
11.1 Introduction
11.2 Trend Analysis
11.3 BEV
11.4 PHEV
11.5 HEV
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Industrial IoT (IIoT) Platform Market by Country
12.2.3 North America Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.2.4 North America Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.2.5 North America Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.2.6 USA
12.2.6.1 USA Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.2.6.2 USA Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.2.6.3 USA Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.2.7 Canada
12.2.7.1 Canada Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.2.7.2 Canada Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.2.7.3 Canada Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.2.8 Mexico
12.2.8.1 Mexico Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.2.8.2 Mexico Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.2.8.3 Mexico Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Industrial IoT (IIoT) Platform Market by Country
12.3.2.2 Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.3 Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.4 Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.2.5 Poland
12.3.2.5.1 Poland Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.5.2 Poland Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.5.3 Poland Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.2.6 Romania
12.3.2.6.1 Romania Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.6.2 Romania Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.6.4 Romania Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.2.7 Hungary
12.3.2.7.1 Hungary Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.7.2 Hungary Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.7.3 Hungary Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.2.8 Turkey
12.3.2.8.1 Turkey Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.8.2 Turkey Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.8.3 Turkey Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.2.9.2 Rest of Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.2.9.3 Rest of Eastern Europe Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3 Western Europe
12.3.3.1 Western Europe Industrial IoT (IIoT) Platform Market by Country
12.3.3.2 Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.3 Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.4 Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.5 Germany
12.3.3.5.1 Germany Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.5.2 Germany Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.5.3 Germany Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.6 France
12.3.3.6.1 France Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.6.2 France Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.6.3 France Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.7 UK
12.3.3.7.1 UK Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.7.2 UK Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.7.3 UK Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.8 Italy
12.3.3.8.1 Italy Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.8.2 Italy Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.8.3 Italy Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.9 Spain
12.3.3.9.1 Spain Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.9.2 Spain Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.9.3 Spain Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.10.2 Netherlands Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.10.3 Netherlands Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.11.2 Switzerland Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.11.3 Switzerland Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.1.12 Austria
12.3.3.12.1 Austria Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.12.2 Austria Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.12.3 Austria Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.3.3.13.2 Rest of Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.3.3.13.3 Rest of Western Europe Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Industrial IoT (IIoT) Platform Market by Country
12.4.3 Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.4 Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.5 Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.6 China
12.4.6.1 China Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.6.2 China Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.6.3 China Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.7 India
12.4.7.1 India Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.7.2 India Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.7.3 India Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.8 Japan
12.4.8.1 Japan Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.8.2 Japan Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.8.3 Japan Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.9 South Korea
12.4.9.1 South Korea Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.9.2 South Korea Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.9.3 South Korea Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.10 Vietnam
12.4.10.1 Vietnam Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.10.2 Vietnam Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.10.3 Vietnam Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.11 Singapore
12.4.11.1 Singapore Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.11.2 Singapore Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.11.3 Singapore Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.12 Australia
12.4.12.1 Australia Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.12.2 Australia Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.12.3 Australia Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.4.13.2 Rest of Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.4.13.3 Rest of Asia-Pacific Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Industrial IoT (IIoT) Platform Market by Country
12.5.2.2 Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.3 Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.4 Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.2.5 UAE
12.5.2.5.1 UAE Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.5.2 UAE Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.5.3 UAE Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.2.6 Egypt
12.5.2.6.1 Egypt Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.6.2 Egypt Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.6.3 Egypt Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.7.2 Saudi Arabia Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.7.3 Saudi Arabia Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.2.8 Qatar
12.5.2.8.1 Qatar Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.8.2 Qatar Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.8.3 Qatar Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.2.9.2 Rest of Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.2.9.3 Rest of Middle East Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.3 Africa
12.5.3.1 Africa Industrial IoT (IIoT) Platform Market by Country
12.5.3.2 Africa Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.3.3 Africa Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.3.4 Africa Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.3.5.2 Nigeria Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.3.5.3 Nigeria Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.3.6 South Africa
12.5.3.6.1 South Africa Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.3.6.2 South Africa Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.3.6.3 South Africa Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.5.3.7.2 Rest of Africa Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.5.3.7.3 Rest of Africa Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Industrial IoT (IIoT) Platform Market by country
12.6.3 Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.6.4 Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.6.5 Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.6.6 Brazil
12.6.6.1 Brazil Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.6.6.2 Brazil Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.6.6.3 Brazil Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.6.7 Argentina
12.6.7.1 Argentina Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.6.7.2 Argentina Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.6.7.3 Argentina Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.6.8 Colombia
12.6.8.1 Colombia Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.6.8.2 Colombia Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.6.8.3 Colombia Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Vehicle Type
12.6.9.2 Rest of Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Power Output
12.6.9.3 Rest of Latin America Industrial IoT (IIoT) Platform Market Segmentation, By Propulsion Type
13. Company Profiles
13.1 ABB
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 General Electric Company (GE)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 IBM Corporation
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Intel Corporation
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Rockwell Automation, Inc.
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Siemens AG
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Microsoft Corporation
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 QiO Technologies
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Litmus Automation
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Amazon Web Services
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Peer-to-Peer Lending Market size was valued at USD 5.94 Billion in 2023 and is expected to reach USD 26.23 Billion by 2031 and grow at a CAGR of 20.4% over the forecast period 2024-2031.
The Fleet Management Software Market size was valued at USD 23.65 billion in 2023 and is expected to grow to USD 96.39 billion by 2031 and grow at a CAGR of 19.2% over the forecast period of 2024-2031.
The 5G Services Market Size was valued at USD 85.1 Billion in 2023 and is expected to reach USD 3511.35 Billion by 2031 and grow at a CAGR of 59.2 % over the forecast period 2024-2031.
Web Application Firewall Market size was valued at USD 6.35 Billion in 2023. It is expected to hit USD 28.6 Billion by 2031 and grow at a CAGR of 18.2 % over the forecast period of 2024-2032.
Contact Center Software Market Size was valued at USD 41.23 Billion in 2023 and is expected to reach USD 240 Billion by 2032 and grow at a CAGR of 21.62 % over the forecast period 2024-2032.
The Network Function Virtualization (NFV) Market size was valued at USD 31.16 Bn in 2023 and is expected to reach USD 212.25 Bn by 2031 and grow at a CAGR of 27.1 % over the forecast period 2024-2031.
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