Industrial Internet of Things Market Trends, Business Strategies and Industrial Internet of Things Market Trends, Busin | Page 3
Industrial Internet of Things Market to 2025
Additionally, with further more improvement in internet connectivity and other wireless communication
technologies such as Bluetooth, Wi-Fi and ZigBee, it is likely to be adopted in logistics and food & beverages
industry. A substantial growth of global IIoT market is observed in gaming & entertainment industry, owing to the
availability of technologically advanced devices with increased computational abilities, which can be specifically
utilized in those applications. The major limitations to the IIoT market are absence of efficient real-time analytics
platforms and data security, filtration of the huge volume of data generated and high initial investments for sensor
devices is another limiting factor for the global IIoT market
In terms of components, the global IIoT market has been segmented into sensors & embedded devices, connecting
devices and user application interface devices. The IIoT market has been further segmented based on industry
verticals, namely: manufacturing, retail, healthcare and logistics segments. It is also segmented on the basis of
geography into North America, Europe, APAC, Middle East & Africa and South America.
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