Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Hyper-Automation Market to 2028: Increase in Adoption of Cloud-based Technologies Fuels Growth

Published

on

<!– Name:DistributionId Value:8805449 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:aea69cc1-c020-4d6f-b361-3630416f1519 –>

Dublin, April 11, 2023 (GLOBE NEWSWIRE) — The “Hyper-Automation Technologies, Solutions and Integration by Industry Verticals 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global hyper-automation market will reach $27.5 billion by 2028 growing at a 25.4% CAGR

Hyper-automation solutions are based upon an amalgamation of leading technologies, such as artificial intelligence, machine learning, robotic process automation, and advanced analytics.

These solutions support a wide array of user groups, facilitating the discovery, design, build, enhancement, and self-learning features for many use cases across functions and domains.

Advertisement
Stake.com

This report assesses the hyper-automation market including technologies, use cases, applications, infrastructure and solutions. The report evaluates the role of specific technologies, key solutions by industry and requirements for integration by business type.

Select Report Findings:

  • Financial services and insurance segments will lead with 32% of the hyper-automation market
  • AIoT (artificial intelligence of things)solutions will be critical for network and systems-based industries
  • Hyper-automation technologies will require systems integration for large enterprise solution implementation and optimization
  • The SMB market will require pre-packaged solutions by industry, geared towards specific business processes, procedures and workflows

Select Companies in Report:

  • Allerin
  • Alteryx
  • Appian
  • Automation Anywhere
  • IBM
  • Microsoft
  • Mitsubishi Electric Corporation
  • OneGlobe
  • SAP
  • Solvexia
  • Tech Mahindra
  • UiPath
  • Wipro

Key Topics Covered:

1.0 Executive Summary

2.0 Hyper-Automation Market Background
2.1 Hyper-Automation: The Next Frontier
2.2 Hyper-Automation vs. Automation
2.3 Hyper-Automation Functions
2.4 Components of Hyper-Automation
2.5 Needs of Hyper-Automation
2.6 Pros and Cons of Hyper-Automation
2.7 Why Organizations should embrace Hyper-Automation
2.8 Hyper-Automation Framework
2.9 Hyper-Automation Roadmap
2.10 Select Examples of Hyper-Automation
2.11 How Hyper-Automation facilitates Higher Levels of Automation
2.12 Covid-19 Impact on Hyper-Automation
2.13 Hyper-Automation Bots
2.14 Future Scope of Hyper-Automation

3.0 Hyper Automation Trends and Use Cases
3.1 Trends of Hyper-Automation
3.1.1 Digital Twins and Hyper-Automation
3.1.2 Low-code and No-code Tools facilitates Automation of Everything
3.1.3 Intelligent Automation that goes Beyond Routine Processes
3.1.4 Process Mining
3.2 Case Studies
3.2.1 Absolute Data: Incorporating a New Business Stream into a Vacation Rental Site
3.2.2 Accubits Technologies Case Study for Hyper-Automation
3.2.3 Expleo Case Study for Hyper-Automation
3.2.4 REHAU Polymer China Co. Ltd adapted SAP Intelligent RPA Case study
3.2.5 CVS Health Case Study
3.2.6 Heathrow Airport Case Study
3.2.7 V2Solution Case Study
3.2.8 Tech Mahindra’s E2E Automation Solution Case Study
3.2.9 UiPath RPA Case Study with Uber
3.2.10 Hyper-Automation fuels growth for Heineken

Advertisement
Stake.com

4.0 Hyper Automation Market Overview
4.1 Hyper Automation Market Dynamics
4.1.1 Drivers
4.1.1.1 Increasing demand for automation in the manufacturing process
4.1.1.2 Rising demand of AI, ML, and advanced techniques
4.1.1.3 Increase in Adoption of Cloud-based Technologies
4.1.1.4 Growing demand for robotic process automation technology
4.1.2 Challenges
4.1.2.1 Lack of Training and Understanding
4.1.2.2 Regulatory and enterprise constraints

5.0 Hyper-Automation Company Strategies and Solutions
5.1 IBM
5.1.1 Business Overview
5.1.2 Hyper-automation Overview
5.1.3 Recent Developments
5.2 SAP
5.2.1 Business Overview
5.2.2 Hyper-Automation Overview
5.2.3 Recent Developments
5.3 Alteryx
5.3.1 Business Overview
5.3.2 Hyper-automation Overview
5.3.3 Recent Developments
5.4 Appian
5.4.1 Business Overview
5.4.2 Hyper-automation Overview
5.4.3 Recent Developments
5.5 Microsoft
5.5.1 Business Overview
5.5.2 Hyper Automation Overview
5.5.3 Recent Developments
5.6 Tech Mahindra
5.6.1 Business Overview
5.6.2 Hyper automation Overview
5.6.3 Recent Developments
5.7 Pega System
5.7.1 Business Overview
5.7.2 Hyper automation Overview
5.7.3 Recent Developments
5.8 Automation Anywhere
5.8.1 Business Overview
5.8.2 Hyper automation Overview
5.8.3 Recent Developments
5.9 UiPath
5.9.1 Business Overview
5.9.2 Hyper automation Overview
5.9.3 Recent Developments
5.10 Process Maker
5.10.1 Business Overview
5.10.2 Hyper Automation Overview
5.10.3 Recent Developments
5.11 Solvexia
5.11.1 Business Overview
5.11.2 Hyper Automation Overview
5.12 Wipro
5.12.1 Business Overview
5.12.2 Hyper Automation Overview
5.12.3 Recent Developments
5.13 Mitsubishi Electric Corporation
5.13.1 Business Overview
5.13.2 Hyper Automation Overview
5.13.3 Recent Developments
5.14 Allerin
5.14.1 Business Overview
5.14.2 Hyper Automation Overview
5.15 OneGlobe, LLC
5.15.1 Business Overview
5.15.2 Hyper Automation Overview

6.0 Global Hyper-Automation Market 2023 – 2028
6.1 Global Hyper-Automation Market
6.2 Global Hyper-Automation Market by Technology
6.2.1 Artificial Intelligence
6.2.2 Machine Learning
6.2.3 Robotics Process Automation
6.2.4 Others
6.3 Global Hyper-Automation Market by Organization Type
6.3.1 Small & Medium Sized Enterprises
6.3.2 Large Sized Enterprises
6.4 Global Hyper-Automation Market by Industry Verticals
6.4.1 BFSI
6.4.2 IT & Telecom
6.4.3 Healthcare
6.4.4 Manufacturing
6.4.5 Retail
6.4.6 Transportation
6.4.7 Others

7.0 Regional Hyper Automation Market Forecast 2023 – 2028
7.1 Hyper Automation Market by Region
7.1.1 North American Hyper-Automation Market by Technology, Organization Type, and Industry Vertical
7.1.2 European Hyper-Automation Market by Technology, Organization Type, and Industry Vertical
7.1.3 APAC Hyper-Automation Market by Technology, Organization Type, and Industry Vertical
7.1.4 Middle East & Africa Hyper-Automation Market by Technology, Organization Type, and Industry Vertical
7.1.5 Latin America Hyper-Automation Market by Technology, Organization Type, and Industry Vertical

8.0 Appendix: Generative Artificial Intelligence

Advertisement
Stake.com

For more information about this report visit https://www.researchandmarkets.com/r/xwx3pe

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Endpoint Security Market to Transcend USD 36.01 billion by 2031 Owing to Cutting-Edge Cybersecurity in Safeguarding Online Infrastructure| SkyQuest Technology

Published

on

endpoint-security-market-to-transcend-usd-36.01-billion-by-2031-owing-to-cutting-edge-cybersecurity-in-safeguarding-online-infrastructure|-skyquest-technology

WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

Organizations use advanced security solutions as their first line of defense in cybersecurity to protect their company network infrastructure. Market expansion is anticipated as Bring Your Own Device (BYOD) policies are implemented more frequently. For instance, the web threat intelligence detection XDR solution FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited introduced the managed detection and response (MDR) service in a similar manner. Additionally, for endpoint security, Broadcom, Inc. has introduced Adaptive Protection. Solutions are heavily reliant on emerging technology, including cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
https://www.skyquestt.com/sample-request/endpoint-security-market
Endpoint Security Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 11.94 billion 
Estimated Value by 2031 
$ 36.01 billion 
Growth Rate 
Poised to grow at a CAGR of 14.8% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Enforcement Point, Enterprise Size, End-User and Deployment
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Rising Number of Connected Devices
Key Market Drivers 
Rising trend of BYOD 
Segments covered in Endpoint Security Market are as follows:
ComponentSolutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), Services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), Managed Services)Enforcement PointWorkstations, Mobile Devices, Servers, Point of Sale Terminals, OthersEnterprise SizeLarge Enterprises, Small and Medium Enterprises (SMEs)End-UserGovernment & Public Sector, BFSI, Healthcare, IT & Telecom, Transportation, Education, Manufacturing, Retail & e-commerce, OthersDeploymentCloud, and On-PremiseRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/endpoint-security-market
Large Enterprises Redefining Endpoint Security in Global Arena
The worldwide endpoint security market is shaped in large part by the size of the enterprise. The need for comprehensive and scalable solutions is generally driven by large organisations, whilst small and medium-sized enterprises (SMEs) prioritise cost-effective security measures that are suited to their specific needs. Market strategies and product development are influenced by this segmentation to effectively meet the diverse needs and budgets of organisations.
Large corporations have a great deal of influence in the global endpoint security market, owing to their sizable financial backing for all-encompassing cybersecurity solutions. By fitting by the artificial intelligence and machine learning technology as well as having the wide network infrastructure and following to regulation guidelines strictly, they hold an exclusive position to enhance ingenuity and expand market and at the same time set up security standards in the industry.
SMEs being small and financially limited create a big part of the world’s endpoint security demand driving demand for trustworthy, low-priced security solutions. Small and financially constrained firms need help protecting themselves from cyber threats as they tend to adopt new tech fast, yet they face higher risks of online attacks. This is due to SMEs are quick in adopting new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in Endpoint Security
Deployment in the worldwide endpoint security sector signifies the activities involving placing security systems into operation and orchestrating these solutions across various networks and gadgets. It is proverbial that deploying well means better protection from cyber-attacks, fewer weak points, more speed thereby preserving invaluable information for all organizations worldwide.
In the worldwide endpoint security industry, on-premises deployment gives users more control and customisation by installing security solutions directly on local servers and devices. This method is critical for companies with strict regulations on data security since it ensures that they adhere to legal requirements, directly control their sensitive information thereby upholding strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment uses remote servers to offer flexible, scalable security solutions. This approach is central in enabling organization to promptly respond to fresh dangers, reduce infrastructure budget and maintain reliable real time security on all endpoints as it is easy to incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment Strategies To turn Fruitful
Modern advanced security solutions are essential for safeguarding organisational network infrastructures in the quickly changing digital landscape of today. The increased spread of BYOD policies is driving demand for such cutting-edge solutions as Broadcom’s Adaptive Protection, BlackBerry’s MDR, and Fortinet’s FortiXDR. Advanced technology adoption, compliance, and scalability are key priorities for big enterprises, which use their large resource bases, while small and midsize businesses are pushing for good quality and affordable cybersecurity solutions. Efficient implementation, regardless of on-premises or cloud-based options, guarantees all-encompassing security and uninterrupted operations, providing defence against the continuously increasing risk of cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/endpoint-security-market-to-transcend-usd-36-01-billion-by-2031-owing-to-cutting-edge-cybersecurity-in-safeguarding-online-infrastructure-skyquest-technology-302187917.html

Continue Reading

Artificial Intelligence

Artificial Intelligence (AI) Platform Market Sees Explosive Growth to USD 366.93 Billion by 2031| SkyQuest Technology

Published

on

artificial-intelligence-(ai)-platform-market-sees-explosive-growth-to-usd-366.93-billion-by-2031|-skyquest-technology

WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence (AI) Platform Market size was valued at USD 31.4 billion in 2022 and is poised to grow from USD 41.26 billion in 2023 to USD 366.93 billion by 2031, growing at a CAGR of 31.41% in the forecast period (2024-2031).

Advancements in artificial intelligence technology have led to the development of novel artificial intelligence (AI) platforms. Growing adoption of AI in almost all industry verticals is slated to uplift the demand for novel artificial intelligence (AI) platforms going forward. AI platform companies need to identify the best segments to invest in and improve their market share to stay ahead of the competition. The global artificial intelligence (AI) platform market is segmented into component, deployment mode, organization size, application, end user, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/artificial-intelligence-platform-market
Artificial Intelligence (AI) Platform Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 41.26 Billion 
Estimated Value by 2031 
$ 366.93 Billion 
Growth Rate 
Poised to grow at a CAGR of 31.41% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Application , Deployment mode, Organization Size and End-User
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Growing Emphasis on Data-Driven Decision-Making 
Key Market Drivers 
Rapid Advancements in Artificial Intelligence and Machine Learning 
Segments covered in Artificial Intelligence (AI) Platform Market are as follows:
ComponentTools (Natural Language Processing, Machine Learning), Services (Managed Services, Professional Services)ApplicationForecast and Prescriptive Models, Chat Bots, Speech Recognition, Text Recognition, OthersDeployment ModeCloud, On PremiseOrganization SizeLarge Enterprises, SMEsEnd UserManufacturing, Healthcare, Banking Financial Services and Insurance, Research and Academia, Transportation, Retail and Ecommerce, OthersRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-platform-market
AI Tools to Hold Sway Over AI Platform Market Due to their Essential Role in AI Functionality
Most of the functionality of an artificial intelligence (AI) platform comes from AI tools such as machine learning, natural language processing, and deep learning. These tools help AI models understand and interpret information in the right way to ensure the accuracy of AI platforms. The rising use of AI tools in multiple applications will also help this segment expand its market share. Developing novel AI tools will be highly crucial for artificial intelligence (AI) platform companies going forward. Meanwhile, the demand for services will also see a robust hike by the end of the forecast period. The need for integration, maintenance, and support for novel artificial intelligence (AI) platforms is increasing rapidly and this is what will offer new opportunities for artificial intelligence (AI) platform companies in the future.
Chat Bots to Dominate AI Platforms with Better Efficiency and Effectiveness
AI-powered chat bots are gaining popularity due to their precision and effectiveness. Healthcare organizations can profit more with the reliability on AI platforms for diagnostics, thereby reducing dependability on human staff. Most businesses worldwide are replacing humans with AI platforms to ensure better operations and within less time.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/artificial-intelligence-platform-market 
AI Platforms are Now Integral to Healthcare for Enhancing Patient Outcomes and Experiences
Artificial intelligence is now penetrating the healthcare sector, thereby influencing everything, every experience and outcome ranging from research to patient care. The growing use of AI to reduce the workload on healthcare professionals and to improve patient outcomes has created a high demand for healthcare AI platforms. The rising digitization of the healthcare industry and the increasing use of smart virtual assistants to assist patients are also contributing to a high market share of the healthcare industry in this market.
Transportation is another key industry where the use of artificial intelligence (AI) platforms is estimated to rise rapidly in the future. Optimization of routes, enhancement of operations, and predictive maintenance are some key applications of AI platforms in the transportation space. Besides these, artificial intelligence (AI) platform providers can also target BFSI, manufacturing, and retail industries to take their revenue generation to a whole new level.
Artificial intelligence (AI) platform providers will need to invest heavily in the development of novel offerings specific to user preferences. Adoption of automation and widespread digitization are estimated to set the tone for artificial intelligence (AI) platform market players and investing in all segments will be fruitful in the long term. 
Related Report:
AI Market 
Artificial Intelligence of Things (AIoT) Market
Edge Artificial Intelligence (AI) Market
Mobile Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/artificial-intelligence-ai-platform-market-sees-explosive-growth-to-usd-366-93-billion-by-2031-skyquest-technology-302187875.html

Continue Reading

Artificial Intelligence

Industrial IoT Market to be Worth $408.2 Billion by 2031 – Exclusive Report by Meticulous Research®

Published

on

industrial-iot-market-to-be-worth-$408.2-billion-by-2031-–-exclusive-report-by-meticulous-research

REDDING, Calif., July 2, 2024 /PRNewswire/ — According to a new market research report titled, ‘Industrial IoT Market by Component (Hardware, Platform, Services, Connectivity), Industry (Agriculture, Manufacturing, Energy & Utilities, Oil & Gas, Aerospace, Retail, Transportation & Logistics, Others) Geography —Forecasts to 2031,’ the global industrial IoT market is projected to reach $408.2 billion by 2031, at a CAGR of 19.3% from 2024 to 2031.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5102 
Industrial IoT (IIoT) refers to sensors, instruments, machines, and other devices networked via industrial management and business intelligence (BI) applications. IIoT is the connectivity between systems, machines, and people in the manufacturing world that benefits various sectors, including healthcare, public utilities, retail, and logistics. IIoT is increasingly being adopted across industrial environments, subsequently improving operations, resource utilization, and inventory management through sensors and smart machinery.
Major factors driving this market’s growth are rising investments in Industry 4.0 technologies, government initiatives to promote industrial automation, and the growing need to improve productivity and efficiency. However, the lack of standardization and the high capital and OpEx requirements restrain the growth of the IIoT market.
The increasing use of Industrial IoT for predictive maintenance and the proliferation of data centers are expected to create market growth opportunities. However, vulnerability issues with IoT devices and the lack of skilled professionals are major challenges for market growth. Additionally, the rising popularity of IIoT digital twins, the emergence of edge computing, and the rising adoption of smart manufacturing-as-a-service are some of the major trends in this market.
Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5102 
To provide efficient analysis, Meticulous Research® has segmented this market based on component (hardware [network components, sensors & actuators, and other IIoT hardware], platform, services [professional & managed], and connectivity), industry verticals (agriculture, manufacturing, retail, energy & utility, oil & gas, aerospace, transportation & logistics, telecom, and other industry verticals), and geography.
Based on component, the global industrial IoT market is segmented into hardware, platforms, services, and connectivity. In 2024, the hardware segment is expected to account for the largest share of 32.2%  of the industrial IoT market.
However, the platforms segment is slated to record the highest CAGR during the forecast period. The rising adoption of industrial IoT platforms by different industry verticals to improve operational efficiency, along with the increasing need for superior monitoring technologies, is driving the growth of this segment. In addition, the rising focus of key players on product development and enhancement is expected to drive the growth of the platforms segment.
Based on industry vertical, the global industrial IoT market is segmented into agriculture, manufacturing, retail, energy & utilities, oil & gas, aerospace, transportation & logistics, telecom, and other industry verticals. In 2024, the manufacturing segment is expected to account for the largest share of 24.5% of the industrial IoT market. Moreover, the manufacturing segment is also expected to record the highest CAGR during the forecast period. The large market share of this segment is attributed to the increasing adoption of automation and robotics systems extensively throughout production lines in the manufacturing industry to enhance product quality, reduce work-in-progress time, and improve equipment reliability. IIoT can transform traditional, linear manufacturing supply chains into dynamic, interconnected systems—a digital supply network (DSN)—that can more readily incorporate ecosystem partners.
Have Specific Research Needs? Request a Customized Report-https://www.meticulousresearch.com/request-customization/cp_id=5102 
Furthermore, the growing need for centralized monitoring and predictive maintenance of assets, the increasing number of smart factories, the advent of Industry 4.0, and the increasing adoption of autonomous robots for industrial automation contribute to the significant market share of this segment.
Based on geography, the global industrial IoT market is segmented into five major geographies, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 38.2% of the industrial IoT market. The large share of this regional market is attributed to factors such as the rising demand for automation across various sectors in the region, the increasing adoption of industrial robots, the advent of Industry 4.0, the growing adoption of cloud-based industrial solutions, and the presence of prominent market players in the region.
Asia-Pacific’s industrial sector contributes significantly to the economy and is undergoing a rapid transformation. The growing adoption of disruptive technologies such as AI, machine learning, and IoT drives cloud adoption across the region, accelerating the demand for cloud-based industrial IoT solutions. Furthermore, Asia-Pacific is at the center of the various government initiatives and strategic growth plans of several leading vendors operating in the industrial IoT market. Moreover, Asia-Pacific is expected to grow with highest CAGR of 19.8% during the forecast period.
Key Players:
The key players operating in the global industrial IoT market are ABB Ltd. (Switzerland), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Honeywell International Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), Huawei Technologies Co, Ltd. (China), Rockwell Automation, Inc. (U.S.), PTC, Inc. (U.S.), Dassault Systemes (France), Robert Bosch GmbH (Germany), KUKA AG (Germany), Microsoft Corporation (U.S.), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), and C3.ai, Inc. (U.S.)
Browse In-depth Report Now- https://www.meticulousresearch.com/product/industrial-iot-market-5102 
Scope of the Report:
Industrial IoT Market Assessment—by Component  
HardwareNetwork ComponentsSensors & ActuatorsOther IIoT HardwarePlatformsServicesProfessional ServicesManaged ServicesConnectivity         Industrial IoT Market Assessment—by Industry Vertical                         
AgriculturePrecision FarmingLivestock MonitoringSmart GreenhouseFish FarmingSmart IrrigationManufacturingSurveillance & Safety   Quality Management   Resource Optimization   Inventory & Warehouse Management   Machine Inspection & Maintenance   Production Planning   Energy Management   Smart RoboticsRetailOperations ManagementAsset ManagementCustomer Experience ManagementEnergy & UtilityPredictive MaintenanceRemote MonitoringWorker Safety & SecurityDistribution ManagementAsset ManagementOil & GasPredictive MaintenanceRemote MonitoringWorker Safety & SecurityDistribution ManagementAsset ManagementAerospace/AirlinePerformance ManagementEnergy Management   Predictive MaintenancePassenger Experience ManagementTransportation & LogisticsSmart Ticketing & TollParking ManagementTraffic ManagementPassenger InformationFreight InformationTelematicsOther ApplicationsTelecomAsset ManagementRemote MonitoringOther ApplicationsOther Industry VerticalsIndustrial IoT Market Assessment—by Geography                   
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainPolandNetherlandsRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaAustralia & New ZealandRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/91179480 
Related Report:
Industrial Automation Market – Global Opportunity Analysis and Industry Forecast (2024–2031)
Industrial Automation Software Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
Industrial Automation Sensors Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
Smart Manufacturing Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
Smart Energy Management Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
Industrial Robotics Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
Industrial Control Systems Security Market – Global Opportunity Analysis and Industry Forecast (2023–2030)
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-researchContent Source: https://www.meticulousresearch.com/pressrelease/38/industrial-iot-market-2031
Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/industrial-iot-market-to-be-worth-408-2-billion-by-2031—exclusive-report-by-meticulous-research-302188036.html

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Trending