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Industrial Internet of Things Market is estimated to hit $ 186.32 billion

Americas is the region with the largest market share of 27.7%, closely followed by Europe at 27.6%. The European region is projected to exhibit the fastest growth at 22.2% CAGR through 2023 to reach $68.240 billion by 2023. The growing IoT revolution in manufacturing, transport and energy sectors will drive this growth. The retail sector has been a major driver of industrial IoT in recent years, as growing use of RFID tags and environment monitoring systems led the growth.<br>The Americas region was estimated to register $15.539 billion in 2017, and expected to reach $58.281 billion by 2023.

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Industrial Internet of Things Market is estimated to hit $ 186.32 billion

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  1. Industrial Internet of Things Market is estimated to hit $ 186.32 billion by 2023

  2. The global Industrial Internet of Things market is estimated to reach $186.32 billion in 2023, growing at a CAGR of 21% from $57.215 billion in 2017. The increase in the operational efficiency, collaboration between humans and machines, connected eco-systems, is projected to drive the market growth rate for IIoT. Manufacturing remained the dominant end-user industry for Industrial IoT market, with $29.140 billion in 2017, and will reach $121.534 billion, followed by Oil & Gas. Healthcare will remain the fastest growing industry vertical for Industrial IoT, with a CAGR of 59.8%, followed by Energy having a CAGR of 39.7% in the forecast period. Contact : sales@industryarc.com

  3. Selected Analysis done in the full Report: Patent analysis of Industrial Internet of Things (IIoT) was conducted to analyze the developments being carried out in the market, thereby reflecting the growth of the same during the period. Network Management Protocols and Wireless Communication Network domains in the IIoT market witnessed significant number of patents over the period of ten years. Samsung Electronics, Cisco , Intel and other electronic goliaths have invested substantially in the R&D to develop industrial IoT solutions that can create product differentiation in the IIoT market. Contact : sales@industryarc.com

  4. Excerpts on Market Growth Factors Mentioned in the Full Report: The high adoption of IIoT in transportation is acting like a major driving force that propels the industrial Internet of Things market growth. Growing need for automation for operations for power generation and transmission will drive the market for IIoT in the Energy sector. The growing IoT revolution in manufacturing, transport and energy sectors will drive the significant growth for Industrial Internet of Things Market during the forecast period. Contact : sales@industryarc.com

  5. Key Players of the PCB Market MICROSOFT CORPORATION ORACLE CORPORATION ROCKWELL AUTOMATION, INC REAL-TIME INNOVATIONS, INC. (RTI) OMRON CORPORATION and More Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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