IIoT Platform Global Market 2023 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2032

shop floor is the heart of any manufacturing company.

Our shop floor automation solution enables manufacturing companies to bridge the visibility between shop and top floor and accelerates productivity for achieving better RoI.

At Hakuna matata solutions we understand your industry needs completely   

Power management has been one of the major focus points in the industry.

Not only saving the overall cost of power consumption has become a priority.

But also, extended battery life, lower CO2 output are of a concern.Energy harvesters are one such effort made by Bluesemi which has won the best product award from NASSCOM CONCLAVE http://www.bluesemiconductors.com/products 

Research Nester released a report titled “Industrial IoT Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global industrial IoT market in terms of market segmentation by component, by end user and by region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.According to statistics by the Organisation for Economic Co-operation and Development (OECD), labour productivity and utilization in the European Union decreased significantly from 3.06% in the year 2010 to 0.73% in the year 2018.

Another statistics by the Federal Statistical Office of Germany stated that unit labour costs in Germany increased from (-)1.60% in the year 2014 to 2.40% in the year 2018.The global industrial Internet of Things (IoT) market has been growing at a significantly high rate on account of growing concern for decreasing labour productivity and utilization along with increasing unit labour costs, which is raising the demand for automation of industrial processes.

The industrial IoT market is projected to observe a healthy CAGR of around 9% over the forecast period, i.e., 2019-2026.

Moreover, the market held a market value of about USD 280 billion in 2018.

The market is estimated to grow at a significantly high rate on account of increased applications of Internet of Things in the manufacturing and industrial sector.

Increasing applications of IoT for the operation of various processes at factories is a major growth driving factor for the manufacturing segment in the market.Download Sample of This Strategic Report @https://www.researchnester.com/sample-request-2145On the basis of region, the industrial IoT (IIoT) market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.

Remember, healthy inventory is not just about stocking goods every day but managing them efficiently.

Even top businesses fail to understand the fact that inventory management solves the basic business need and plays a major role in the overall supply chain.Using IoT in inventory management system will save the company time, cost, and helps meet customer demands.

The global industrial internet of things (IIoT) market is estimated to accrue USD 750 Billion during the forecast period (2018-2023), affirms Market Research Future (MRFR).

IIoT is based on the idea of broad-spectrum internet connectivity to specific business processes that make physical products for business sectors.IIoT is used across several industries such as energy/utilities, mining and metals, aviation, manufacturing, logistics, oil and gas, transportation, and various other industries.

Apart from this, growing investments by various industries in smart technologies to improve operational efficiency also boost the market growth.Industrial Internet of Things (IIoT) Market SegmentAccording to the report, the global industrial IoT market has been segmented on the basis of component, deployment, connectivity, and end-user.

The types of hardware are sensors and radio-frequency identification (RFID), industrial robotics, camera systems, smart meters, 3D printing, flow and application control device, distributed control systems and others.

The market segment of hardware component is projected to account for the largest market share owing to accelerated number of connected devices, increasing application areas of hardware components, and utmost utilization of available resources.

The types of software are manufacturing execution, product life cycle management systems, supervisory control and data acquisition (SCADA) systems, distributed management system, retail management software, and others.

Industrial IoT solution providers are the smart approach for any enterprises to take their business digitally.

Here is some useful step by step guide on choosing the right industrial IoT solution providers.Below are the detailed factors about the guidance.Proactive ApproachThe first step is to determine what you would like to achieve out of the IoT mobile application.

Need to be clear about the goal of the IoT app.Proactive ResearchThere are many IoT software and app development companies are available that are known for their reputed services.

However, you need to do some research they are suitable for your requirements or not.Experience and ExpertiseWhen choosing the right IoT app development services for your company, consider their experience and expertise.

Check the developers have experience in the latest technology and worked similarly to your requirements, etc.Client’s Feedback and ReviewWhile choosing an IoT service company, you can have a look at the testimonials given by the clients and also ask for a list of the applications developed by the IoT development company.Check out the detailed information about trusted industrial IoT service providers

IoT as an interconnective device acts as a perfect medium to determine the quality of air in a particular facility.

High-end devices like sensors and meters embedded in strategic places can be used to ascertain the air quality index (AQI) or identify the presence of a particular harmful gas.Powered with features such as real-time monitoring, multi-channel alerts, and advanced analytics; IoT systems are the best tools to monitor air quality.

The data is transmitted to a centralized platform without any latency that enables the monitoring of AQI of a location from anyplace.With air quality monitoring systems, industries can detect the presence of these toxics and monitor air quality to take intelligent measures to improve the quality of air for their workers.

This leads to an increase in productivity, reduced equipment damage, and effective regulatory compliance.Visit: https://www.biz4intellia.com/blog/applications-of-industrial-iot-infused-air-quality-monitoring-systems/ 

23 March 2020: Global Industrial Internet of Things (IIoT) Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.

The Industrial Internet of Things (IIoT) Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Industrial Internet of Things (IIoT) Business, Market Share of Product, Application and Regional Scope of Industrial Internet of Things (IIoT) which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.

The key players profiled in the Industrial Internet of Things (IIoT) market report are General Electric Company (GE), International Business Machines (IBM) Co., Cisco Systems Incorporations, Siemens AG, and Intel Co. Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/industrial-internet-of-things-iiot-market/request-sample The global Industrial Internet of Things (IIoT) Market size is expected to value at USD 933.62 billion by 2025.

The Industrial Internet of Things industry is subject to witness a substantial growth due to the higher rate associated implementation of IoT technology across the globe.

Some important factors responsible for the growth of industrial IoT industry are cost-effectiveness and easy availability for various advanced electronic devices such as processors, sensors, and other connected systems.

Globally, the industrial IoT market is predicted to grow at CAGR of 27.8% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.