IIOT Platform Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2025

Report Code: ITR 36676 Report Format: PDF + Excel Database
IIoT Platform Market Overview:

World Economic Forum has a project named as IoT for Sustainable Development which encourages the use of the Internet of Things (IoT) in order to escalate the developments on the 17 United Nations Sustainable Development Goals (SDGs)[1]  which is chiefly spurring the industries to leverage IoT platform in order to boost efficiency and enhance productivity. Now, this is leading to a revolution in the way industries work which is stroking the Industrial Internet of Things or IIoT platform market. As of 2018, there were opportunities worth of $17.2 billion, and the IndustryARC’s market analyst estimates that the demand in the IIoT platform market will grow at a staggering CAGR of 26.1% during the forecast period of 2019 to 2025. 

Owing to the Industry 4.0 solutions trend development and the rapid adoption of technology in the North American countries, the application IIoT platforms has gained remarkable prominence in North America. The region beared the maximum IIoT platform market share of 33.5% in 2018. 

IIoT Platform Market Outlook:

IIoT or Industrial Internet of Things platforms are basically IoT cloud platforms that are used in various industries in order to accumulate the interrelated data. There are distinctive types of IIoT platforms that include IoT device management platforms, application management platforms, and connectivity management platform that perform different roles in the industries. These IIoTs platforms not only help industries to reduce the time consumed in the collation and interpretation of data but also helping them to automate many complex processes in the industries which is why the IIoT platform market is booming. The key applications of the IIoT platform are in the transportation and oil & gas sector which will be observing a tremendous CAGR of 31.3% and 12.1% respectively during the forecast period of 2019 to 2025. 

IIoT Platform Market Growth Drivers:

  • The Artificial Intelligence Wave Penetrating the Industrial Sector – 
Computer visualization has been used in manufacturing plants to execute quality assurance tasks for a long time now. However, these days, the process of manufacturing demands more information, and the management is refraining to play employees just to enter the information. AI with computer vision is ameliorating this challenge, but it is implausible to correlate the information from different sources without using IoT platforms. So, all the components in manufacturing units are endowed with sensors and connected through IIoT platforms. “Artificial intelligence and IoT, when implemented together, lead to a decentralized and self-optimized manufacturing operation that doesn’t require a person for supervision, and this integration is providing a holistic solution to the manufacturing industries which is leading to a tangible IIoT platform market growth,” remarks the market analyst in the report.

  • The Advent of Self-Driven Vehicles Driving the IIoT Platform Market – 
According to IndustryARC’s automotive market expert, the automotive industry will observe a rapid revolution in the near future with the inception of autonomous or self-driven trucks and passenger cars. This is majorly attributed to the growing number of truck accidents on the highways. These autonomous or even semi-autonomous trucks and other vehicles will be utilizing IoT platforms with which the machines (vehicles) will be able to communicate with each other via data gathering and cloud storage. Now, the United Nations Economic Commission for Europe (UNESE) have identified the prospects of creating safer, efficient, and eco-friendly transport system using self-driven vehicles [2]. This will lead to more production of autonomous truck and other vehicles, which will create an IIoT platform marketplace in its own.  

  • The Estimated Demand Augmentation of Oil & Gas in the Future – 
According to the Organization of Petroleum Exporting Countries (OPEC), the demand for oil was measured 95.4 mb/d as of 2016. Now, the organization estimates that the demand will catapult and translate to 107.5 mb/d in 2030[3]. This is attributed to the growing population of the world and the escalation in the fuel consumption owing to the increase in the number of vehicles. Now, this is going to bring a discernible surge in the oil & gas manufacturing over the year, which will stroke the IIoT platform market. 

IIoT Platform Market Challenges:

Even though there is a humongous IIoT platform market size and the demand is catapulting at a rapid rate, the vendors are facing challenges pertaining to technical blemishes during the implementation of IIoT in industries. These issues range from hardware compatibility and incorrect data capture which becomes detrimental to the precision that is required in industries. Furthermore, there are some legal regulations restraining the IIoT platform market growth. However, the on-going R&D in the IIoT sector will resolve the problems for the vendors.  

IIoT Platform Market Key Players Perspective: 

The key players crusading for IIoT market share are G.E (Predix), Siemens (Mindsphere), Hitachi (Vantara), Honeywell (Uniformance), ABB (Ability), IBM (Bluemix), Microsoft (Azure), Schneider (Wonderware), Atos (Codex), PTC (Thingworx), C3 (C3IOT), SAP (HANA), Software AG (Cumulocity), Bosch (IoT Suite), and Cisco (Jasper). 

IIoT Platform Market Trends:

In December 2018, Industrial Internet Consortium and the OpenFog Consortium merged which is addressed as the most significant merger in the IIoT platform market.
In the near future, the developments in the augmented reality sector will further strengthen the market opportunities.  

IIoT Platform Market Research Scope: 

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the IIoT Platform market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 

IIoT Platform Market Report: Industry Coverage 

The IIoT Platform market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

[1] http://widgets.weforum.org/iot4d/
[2] https://news.un.org/en/story/2018/10/1022812
[3] https://www.opec.org/opec_web/flipbook/WOO2017/WOO2017/assets/common/downloads/WOO%202017.pdf
1. IIOT Platform Market - Overview
        1.1 Definitions and Scope
2. IIOT Platform Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. IIOT Platform Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. IIOT Platform Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. IIOT Platform Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. IIOT Platform Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. IIOT Platform Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. IIOT Platform Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. IIOT Platform Market - By Type (Market Size -$Million / $Billion)
        9.1 IIoT Platform Market By Platform Type
            9.1.1 Device Management Platform
            9.1.2 Application Management Platform
            9.1.3 Connectivity Management Platform
10. IIOT Platform Market By Vertical (Market Size -$Million / $Billion)
10.1 Process Industry
10.1.1 Energy & Utilities
10.1.2 Chemicals & Materials
10.1.3 Food & Beverage
10.1.4 Water & Waste Management
10.1.5 Others
10.2 Discrete Industry
10.2.1 Automotive
10.2.2 Machine Manufacturing
10.2.3 Semiconductor & Electronics
10.2.4 Medical Devices
10.2.5 Logistics & Transportation
11. IIOT Platform - By Application (Market Size -$Million / $Billion)
        11.1 Segment type Size and Market Share Analysis
        11.2 Application Revenue and Trends by type of Application
        11.3 Application Segment Analysis by Type
            11.3.1 Predictive Maintenance
            11.3.2 Business Process Optimization
            11.3.3 Asset Tracking & Management
            11.3.4 Logistics & Supply Chain Management
            11.3.5 Real-Time Workforce Tracking & Management
            11.3.6 Automation Control & Management
12. IIOT Platform- By Geography (Market Size -$Million / $Billion)
        12.1 IIOT Platform Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
         Rest of North America
        12.3 IIOT Platform- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        12.5 IIOT Platform- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        12.7 IIOT Platform - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        12.9 IIOT Platform - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            12.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
13. IIOT Platform Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. IIOT Platform Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. IIOT Platform Market - Key Company List by Country Premium
16. IIOT Platform Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 AT
        16.3 ATOS
        16.4 Accenture
        16.5 Altizon
        16.6 Amazon
        16.7 Bosch
        16.8 C3 IoT
        16.9 Cisco
        16.10 Davra Networks
        16.11 Eurotech
        16.12 Flutura
        16.13 General Electric
        16.14 HPE
        16.16 Hitachi
        16.16 IBM
        16.17 Intel
        16.18 Microsoft
        16.19 Oracle
        16.20 PTC
        16.21 QIO Technologies
        16.22 SAP SE
        16.23 Schneider Electric
        16.24 Siemens
        16.25 Software AG
        16.26 Zebra Technologies
        16.27 Company 27
        16.28 Company 28 & More
*Financials would be provided on a best efforts basis for private companies
17. IIOT Platform Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. IIOT Platform Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US IIOT Platform Market Size 2018
2 Canada IIOT Platform Market Share 2018
3 Brazil IIOT Platform Market Outlook 2019 - 2023
4 Mexico IIOT Platform Market Research 2018
5 Germany IIOT Platform Market Trends 2019 - 2023 
6 France IIOT Platform Market Growth 2019 - 2023 
7 UK IIOT Platform Market Demand 2019 - 2023 
8 Italy IIOT Platform Market Segmentation 2018
9 Russia IIOT Platform Market Analysis 2019 - 2023
10 China IIOT Platform Market Revenue 2019 - 2023
11 Japan IIOT Platform Market Volume 2019 - 2023
12 South Korea IIOT Platform Market Potential 2019 - 2023
13 India IIOT Platform Market Leaders 2018
14 Saudi Arabia IIOT Platform Market Forecast 2019 - 2023 
15 Kuwait IIOT Platform Market Value 2018

List of Figures

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