Christy Publications Industrial Internet of Things (IIoT) Market | Page 3

 Metals and Mining
 Oil and Gas
 Retail
 Transportation
 Others
The manufacturing segment held a dominant position in 2016. This segment is projected to
maintain its dominance throughout the forecast period. The high adoption of wireless
connectivity, sensors, and software solutions help create communication networks using IP
connectivity. This in turn, helps reduce the production cost and time.
Industrial Internet of Things Market Outlook – Asia Pacific holds significant market share
On the basis of geography, the global industrial internet of things market is segmented into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds
a dominant position in the global industrial internet of things market and is projected to retain
its dominance throughout the forecast period. Growing digitalization and high adoption of IOT
solutions by manufacturing and automation industries have contributed to growth of the
market in North America. Similarly, the Asia Pacific is projected to exhibit the highest CAGR over
the forecast period. India, china, Japan, and South Korea are some of the major countries that
help drive growth of the market for IOT in the Asia Pacific region. Dense population, increasing
disposable income, and large scale industrialization in the region are boosting growth of the
market. In addition to this, the increasing adoption of digitalization by various industries to
reduce the production time and operating costs also create a conducive environment for growth
of the industrial IOT market in Asia Pacific.
Request for Customization @
https://www.coherentmarketinsights.com/insight/request-customization/816
Key Players in the Global Industrial Internet of Things Market
ABB, ARM Ltd., Cisco Systems, Inc., Dassault Systèmes, General Electric, Honeywell International
Inc., Huawei Technology Co., Ltd., Intel Corporation, Rockwell Automation, Inc., and Texas
Instruments Inc. are some of the major players in the global industrial internet of things market.