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Industrial IoT Market by Device & Technology, Connectivity Type, Software, Vertical and Geography – Global Forecast to 2026

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Dublin, Sept. 17, 2021 (GLOBE NEWSWIRE) — The “Industrial IoT Market by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global IIoT market size is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2025, at a CAGR of 6.7% during the forecast period.

The growth of the IIoT sector is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT.

Networking technology to hold the largest share of the IIoT market in 2026.

Networking technology is expected to hold the largest share of the IIoT industry by device & technology in 2026. Both wired and wireless technologies are integral for machine-to-machine (M2M) connectivity to gather real-time data from industrial machinery across different geographies.

Market for manufacturing to hold the largest market share during the forecast period.

Owing to the increasing adoption of new technologies, such as global positioning systems, remote sensing, and variable rate technology, in precision farming, the IIoT market for the agriculture vertical is expected to grow at the largest CAGR during the forecast period.

APAC to hold the largest share of the IIoT industry during the forecast period.

APAC is expected to be the largest market for IIoT during the forecast period. Dense population and growing per capita income, along with large-scale industrialization and urbanization, are some of the major factors driving the growth of the IIoT market in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Industrial IoT Market
4.2 Industrial IoT Market, by Vertical
4.3 Industrial IoT Market in Asia-Pacific, by Vertical
4.4 Industrial IoT Market, by Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Adoption of Artificial Intelligence (Ai) and Internet of Things (IoT) in Manufacturing Sector
5.2.1.2 Increased Use of Cloud Computing Platforms
5.2.1.3 Standardization of Ipv6
5.2.1.4 Support from Governments of Various Countries for R&D Activities Related to IIoT
5.2.2 Restraints
5.2.2.1 Incompatibility of Legacy Equipment with Communication Networks
5.2.2.2 Lack of Skilled Engineers Conversant with New Developments in Ai and IoT Technologies
5.2.3 Opportunities
5.2.3.1 Growing Application of Ai and IoT in Medical Sector During Pandemic
5.2.3.2 Predictive Maintenance of Machinery
5.2.4 Challenges
5.2.4.1 Susceptibility of IoT Technologies to Cyberattacks
5.2.4.2 Maintenance and Updates of IIoT Systems
5.3 Value Chain Analysis
5.4 Trends and Disruptions Impacting Customers’ Business
5.5 Porter’s Five Forces Analysis
5.6 Case Studies
5.7 Technology Analysis
5.8 Industrial IoT Market: Ecosystem
5.9 Pricing Analysis
5.10 Trade and Tariff Analysis
5.11 Patents Analysis
5.12 Regulatory Standards
5.13 Market Standards

6 IIoT Market, by Device and Technology
6.1 Introduction
6.2 Sensors
6.2.1 Sensors Are Emerging as Critical Components of IIoT Ecosystem
6.3 Rfid
6.3.1 Growth in Adoption of Rfid Technology in Manufacturing, Retail, and Healthcare Industries
6.4 Industrial Robotics
6.4.1 Industrial Robotics Are Expected to Revolutionize Different Manufacturing Processes
6.5 Distributed Control Systems (DCS)
6.5.1 Rising Use of Dcs for Regulatory Controls in Manufacturing Sector
6.6 Condition Monitoring
6.6.1 Increase in Demand for Condition Monitoring to Ensure Proper and Uninterrupted Functioning of Industrial Machinery
6.7 Smart Meters
6.7.1 Surging Adoption of Smart Meters in Domestic and Commercial Applications
6.8 Electronic Shelf Labels (Esl)
6.8.1 Growing Use of Esl in Retail Stores for Price Automation and Product Information Display
6.9 Cameras
6.9.1 Increasing Adoption of Cameras for Security and Surveillance Applications
6.10 Smart Beacons
6.10.1 Growing Use of Smart Beacons in Retail Vertical
6.11 Interface Boards
6.11.1 Interface Boards Power Various Nodes of Intelligent Transportation Systems in Transportation Vertical
6.11.2 Multifunctional Boards
6.11.3 Vehicle Detection Boards
6.11.4 Communication Boards
6.12 Yield Monitors
6.12.1 Yield Monitors Record Site-Specific Yield Data for Agriculturists
6.13 Guidance & Steering
6.13.1 Increasing Use of Guidance & Steering Systems in Precision Farming
6.14 GPS/GNSS
6.14.1 Increasing Use of Gps/Gnss for Effective Navigation of Vehicles
6.15 Flow & Application Control Devices
6.15.1 Increasing Use of Flow and Application Control Devices in Variable Rate Applications
6.16 Networking Technology
6.16.1 Numerous Machines and Sensor Nodes Are Connected to Internet Using Networking Technologies

7 Industrial IoT Market, by Connectivity Technology
7.1 Introduction
7.2 Wired Technologies
7.2.1 Ethernet
7.2.1.1 Modbus
7.2.1.2 Profinet
7.2.1.3 Cc-Link
7.2.2 Foundation Fieldbus
7.3 Wireless Technologies
7.3.1 Wi-Fi
7.3.2 Bluetooth
7.3.3 Cellular Technologies
7.3.3.1 4G/LTE
7.3.3.2 5G
7.3.4 Satellite Technologies

8 Industrial IoT Market, by Software
8.1 Introduction
8.2 Product Lifecycle Management (PLM)
8.2.1 PLM Enables Effective Development and Installation of Products
8.3 Manufacturing Execution Systems (Mes)
8.3.1 Mes Help Production Plants with Materials, Orders, and Production Management Functionalities
8.4 Scada
8.4.1 Scada Systems Help in Maintaining and Effectively Controlling Different Industrial Operations
8.5 Outage Management Systems (Oms)
8.5.1 Oms Enable Electric Utilities to Manage Their Power Outages Effectively and Improve Their Response Time
8.6 Distribution Management Systems
8.6.1 Dms Facilitate Effective Management of Electricity Distribution Networks
8.6.1.1 Case Study: FPT Software
8.7 Remote Patient Monitoring
8.7.1 Remote Patient Monitoring Reduces Instances of Hospitalizations, Readmissions, and Hospital Stays
8.7.1.1 Case Study: Kore Wireless and Biointellisense
8.8 Retail Management Software
8.8.1 Retail Management Software Help in Planning and Redesigning Business Strategies According to Prevailing Market Scenario
8.9 Visualization Software
8.9.1 Visualization Software Offer Real-Time Videos and Data Analysis
8.10 Transit Management Systems
8.10.1 Transit Management Systems Provide Accurate Information Pertaining to Location and Performance of Vehicles
8.11 Farm Management Systems
8.11.1 Farm Management Systems Comprise Software and Services Used for Precision Farming

9 IIoT Market, by Vertical
9.1 Introduction
9.2 Manufacturing
9.3 Energy
9.3.1 Remote Monitoring of Plants Drives the Growth of IIoT in Energy Sector
9.3.2 Smart Grids
9.3.2.1 Growing Demand for Uninterrupted Power Supply is Leading to Increasing Deployment of Smart Grids
9.3.3 Oil & Gas
9.3.4 Metals & Mining
9.4 Healthcare
9.4.1 Remote Patient Monitoring During Covid=189 Boost the Growth of IIoT in Healthcare
9.5 Retail
9.5.1 Point-Of-Sales (Pos)
9.5.1.1 Changing Customer Requirements Supplement Boost Demand for Pos Terminals
9.5.2 Interactive Kiosks
9.5.2.1 Rising Demand for Interactive Kiosks to Improve Overall Customer Experience
9.5.3 Self-Checkout Systems
9.5.3.1 Growing Demand for Self-Checkout Systems in Developed Economies
9.6 Transportation
9.6.1 Intelligent Signaling Systems
9.6.1.1 Growing Demand for Intelligent Signaling Systems to Drive Growth of Transportation IIoT Solutions Market
9.6.2 Video Analytics
9.6.2.1 Increasing Demand for Smart Surveillance to Fuel Growth of Video Analytics Market
9.6.3 Incident Detection Systems
9.6.3.1 Growing Deployment of Incident Detection Systems to Monitor and Detect Locations of Incidents
9.6.4 Route Scheduling Guidance Systems
9.6.4.1 Increasing Adoption of Real-Time Traffic Analytics to Drive Demand for Route Scheduling Guidance Systems
9.7 Agriculture
9.7.1 Precision Farming
9.7.1.1 Growing Adoption of Precision Farming Globally to Increase Agricultural Productivity
9.7.2 Livestock Monitoring
9.7.2.1 Increasing Use of Remote Sensing and Connected Technologies for Livestock Monitoring
9.7.3 Smart Greenhouses
9.7.3.1 Rising Adoption of Smart Greenhouses is Expected to Boost Demand for IIoT Solutions Worldwide
9.7.4 Fish Farming
9.7.4.1 Surging Use of IIoT Solutions to Effectively Monitor Fish Farms

10 Geographical Analysis

11 Competitive Landscape
11.1 Introduction
11.2 Key Player Strategies/Right to Win
11.3 Revenue Analysis
11.4 Market Share Analysis, 2020
11.5 Company Evaluation Quadrant
11.5.1 Star
11.5.2 Pervasive
11.5.3 Emerging Leader
11.5.4 Participant
11.5.5 Industrial IoT Market: Company Product Footprint
11.5.6 Industrial IoT Market: Offering Footprint
11.5.7 Industrial IoT Market: Vertical Footprint
11.5.8 Industrial IoT Market: Regional Footprint
11.6 Startup/SME Evaluation Quadrant, 2020
11.6.1 Progressive Company
11.6.2 Responsive Company
11.6.3 Dynamic Company
11.6.4 Starting Block
11.7 Competitive Scenario
11.7.1 Expansions, Acquisitions, Partnerships, and Collaborations
11.7.2 Product Launches/Developments

12 Company Profiles
12.1 Key Players
12.1.1 ABB
12.1.2 General Electric
12.1.3 Emerson Electric
12.1.4 Intel
12.1.5 Cisco
12.1.6 SAP Se
12.1.7 Honeywell
12.1.8 Siemens
12.1.9 Huawei
12.1.10 Rockwell Automation
12.2 Other Players
12.2.1 Arm Holding
12.2.2 PTC
12.2.3 Dassault Systemes
12.2.4 Sigfox
12.2.5 Bosch
12.2.6 NEC
12.2.7 Ansys
12.2.8 Worldsensing Sl
12.2.9 Arundo Analytics
12.2.10 Bright Machines
12.2.11 Texas Instruments
12.2.12 Kuka
12.2.13 Dragos
12.2.14 Google
12.2.15 Microsoft

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/r7yn89


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Artificial Intelligence

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

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Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence

Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report

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LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report. 

Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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