Global IIoT Platform (Device, Application & Connectivity Management) Market Report 2018-2023

DUBLIN, Oct. 22, 2018 /PRNewswire/ --

The "IIoT Platform Market by Platform Type (Device Management, Application Management, Connectivity Management), Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking), Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global IIoT platform market size to grow from USD 3.27 billion in 2018 to USD 13.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 33.4% during the forecast period.

Major growth factors for the market include the need for predictive and proactive maintenance and centralized monitoring. Additionally, integrating IT and OT, and the rising adoption of next-generation technologies are expected to drive the growth of the market. There are immense new opportunities, such as the growing need for more Industry 4.0 solutions, for IIoT platform, vendors. The global IIoT platform market is segmented by platform type, application area, vertical, and region.

In the IIoT platform market, the device management platform is expected to account for the largest share. With the deployment of IoT ecosystems, a large number of devices, ranging from small sensors and single-purpose microcontrollers are being connected to powerful gateways that connect the devices from the server. These ecosystems need a single platform that manages the information and applications across various devices.

The device management platform provides capabilities such as provisioning and authentication, configuration and control, monitoring and diagnostics, and software updates and maintenance. It is instrumental in offering advanced features such as activation certification, configuration, device monitoring, troubleshooting, and service and device enablement. Device management platforms assist manufacturing enterprises in effectively managing and tracking and securing devices used in an organization. With the help of these platforms, manufacturers can proactively and remotely monitor and configure their smart devices and other hardware solutions as soon as their devices and processes are connected.

The business process optimization application area is expected to witness high growth. Business process optimization offers mechanisms to monitor, manage, and communicate with the manufacturing process within an organization. Workflow optimization is an ideal opportunity to examine whether the current internal controls embedded in business processes are being handled at their best. With IIoT platforms, all devices, activities, and processes are interconnected, providing insights on the same. These platforms help optimize business processes by analyzing and streamlining various processes.

North America is the largest contributor to the IIoT platform market, among all other regions. The North American market mainly comprises the US and Canada and is expected to hold the largest share of the global IoT platform market. These countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Owing to the early adoption of trending technologies such as IoT, big data, cloud, and mobility, manufacturers are keen to integrate IoT technologies into their processes. The startup culture in North America is growing at a higher pace as compared to the other regions. The growth of Small and Medium-sized Enterprises (SMEs) and increasing digitization in manufacturing by large organizations have also aided the growth of the North American market. SMEs are flexible in incorporating new technologies into their existing systems, whereas large manufacturers have significant budgets for digitization.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the IIoT Platform Market
4.2 Market Top 3 Application Areas and Regions
4.3 Market By Platform, 2018
4.4 Market By Region, 2018-2023
4.5 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Predictive and Proactive Maintenance Solutions
5.2.1.2 Growing Need for Centralized Monitoring
5.2.1.3 Integrating IT and OT
5.2.1.4 Rising Adoption of Next-Generation Technologies
5.2.2 Restraints
5.2.2.1 Integration With Legacy Systems
5.2.2.2 Lack of Interoperability
5.2.3 Opportunities
5.2.3.1 Growing Need for More Industry 4.0 Solutions
5.2.3.2 Increasing Shift of Enterprises Toward Outcome and Pull Economies
5.2.4 Challenges
5.2.4.1 Implementation of IIoT Platforms
5.2.4.2 Security Concerns and Privacy Issues
5.3 Use Cases
5.4 Industrial Internet of Things Platform Functional Capabilities
5.4.1 Device Management
5.4.2 Integration
5.4.3 Data Management
5.4.4 Analytics
5.4.5 Application Enablement and Management
5.4.6 Security

6 IIoT Platform Market, By Platform Type
6.1 Introduction
6.2 Device Management Platform
6.3 Application Management Platform
6.4 Connectivity Management Platform

7 Market By Application Area
7.1 Introduction
7.2 Predictive Maintenance
7.3 Business Process Optimization
7.4 Asset Tracking and Management
7.5 Logistics and Supply Chain Management
7.6 Real-Time Workforce Tracking and Management
7.7 Automation Control and Management
7.8 Emergency and Incident Management, and Business Communication

8 IIoT Platform Market, By Vertical
8.1 Introduction
8.2 Process Industry
8.2.1 Energy and Utilities
8.2.2 Chemicals and Materials
8.2.3 Food and Beverage
8.2.4 Water and Waste Management
8.2.5 Others
8.3 Discrete Industry
8.3.1 Automotive
8.3.2 Machine Manufacturing
8.3.3 Semiconductor and Electronics
8.3.4 Medical Devices
8.3.5 Logistics and Transportation

9 IIoT Platform Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Middle East and Africa
9.6 Latin America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3 Competitive Scenario
10.3.1 New Product Launches and Enhancements
10.3.2 Partnerships, Collaborations, and Agreements
10.3.3 Mergers and Acquisitions

11 Company Profiles
11.1 PTC
11.2 SAP SE
11.3 Hitachi
11.4 Accenture
11.5 IBM
11.6 Oracle
11.7 ATOS
11.8 Altizon
11.9 QIO Technologies
11.10 Flutura
11.11 Software AG
11.12 General Electric
11.13 Amazon
11.14 C3 IoT
11.15 Davra Networks
11.16 Cisco
11.17 Intel
11.18 AT&T
11.19 HPE
11.20 Zebra Technologies
11.21 Bosch
11.22 Microsoft
11.23 Eurotech
11.24 Siemens
11.25 Schneider Electric

For more information about this report visit https://www.researchandmarkets.com/research/l3tdmt/global_iiot?w=5

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