Press Release

IIoT Platform Market Outlook: Big Move in Years to Come | Software AG, PTC Inc., Hitachi, Ltd.

Global IIoT Platform Market Size study, by Offering (Platform, Services), by Application (Asset Management, Supply Chain Management, Business Process Optimization, Workforce Management, Automation Control, Emergency and Incident Management), by Vertical (Energy and Utilities, Chemical and Materials, Food & Beverages, Automotive, Semiconductor and Electronics, Medical Devices, Machine Manufacturing, Others) and Regional Forecasts 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider IIoT Platform market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, IIoT Platform market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Global IIoT Platform Market is valued at approximately USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.8% over the forecast period 2020-2027. An Industrial IoT (IIoT) platform is a rapidly growing part of IoT technology, encompassing a set of functions for IoT data analytics, modern sensor technologies, edge device management, and connectivity solutions. These functions has the ability to improve industrial operations and industrial equipment performance with predictive maintenance, remote monitoring, and extensive device data analytics. On a wider scale, an IIoT platform is a key enabler of Industry 4.0, which integrates modern cloud computing, IIoT and AI to make self-optimizing, intelligent industrial equipment and production facilities. By linking industrial equipment and production facilities together with wireless connectivity and gathering sensor data from the equipment, numerous manufacturers can precisely ascertain the current state of machines, detect potential failures, plan maintenance schedules and optimize their performance accordingly. This has significantly increased the adoption of IIoT platform all over the world. Furthermore, the rise in funding by Industrial Internet of Things (IIoT) companies on development of digital products, along with the growing need for predictive maintenance and centralized monitoring of assets are few other factors responsible for the high CAGR of the market during the forecast period. For instance, in December 2019, WITRAC, a start-up focusing in IIoT solutions for manufacturing and logistic companies has secured $3.3 million of funding to accelerate the development of its IIoT software and hardware products in key areas such as analytics and advanced data processing. This, in turn, is expected to strengthen the market growth all over the world. However, the lack of standardization regarding IoT protocols, coupled with dearth of technical skill workforce are the few major factors inhibiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global IIoT Platform market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in government support for the implementation of IIoT platforms, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in investment n smart manufacturing along with the increasing rate of industrialization & urbanization in developing countries, such as China and India, would create lucrative growth prospects for the IIoT Platform market across the Asia-Pacific region.

Major market player included in this report are:

  • Software AG
  • PTC Inc.
  • Hitachi, Ltd.
  • IBM Corp.
  • Microsoft Corp.
  • Cisco Systems, Inc.
  • Intel Corporation
  • SAP SE
  • Siemens AG
  • Accenture plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

  • Platform
  • Services

By Application:

  • Asset Management
  • Supply Chain Management
  • Business Process Optimization
  • Workforce Management
  • Automation Control
  • Emergency and Incident Management

By Vertical:

  • Energy and Utilities
  • Chemical and Materials
  • Food & Beverages
  • Automotive
  • Semiconductor and Electronics
  • Medical Devices
  • Machine Manufacturing
  • Others

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020





Recovery – Opening of Economy extended till Q4 2020 / Q1 2021





Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

  • To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
  • To understand the structure of market by identifying its various subsegments.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the growth trends, future prospects, and their contribution to the total market.
  • To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

The Study Explore COVID 19 Outbreak Impact Analysis

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in IIoT Platform Market Report:

Chapter 1.      Executive Summary

1.1.       Market Snapshot

1.2.      Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.   IIoT Platform Market, by Region, 2018-2027 (USD Billion)

1.2.2.   IIoT Platform Market, by Offering, 2018-2027 (USD Billion)

1.2.3.   IIoT Platform Market, by Application, 2018-2027 (USD Billion)

1.2.4.   IIoT Platform Market, by Vertical, 2018-2027 (USD Billion)

1.3.      Key Trends

1.4.      Estimation Methodology

1.5.      Research Assumption

Chapter 2.      Global IIoT Platform Market Definition and Scope

2.1.      Objective of the Study

2.2.      Market Definition & Scope

2.2.1.   Scope of the Study

2.2.2.  Industry Evolution

2.3.      Years Considered for the Study

2.4.      Currency Conversion Rates

Chapter 3.      Global IIoT Platform Market Dynamics

3.1.      IIoT Platform Market Impact Analysis (2018-2027)

3.1.1.   Market Drivers

3.1.2.   Market Challenges

3.1.3.   Market Opportunities

Chapter 4.      Global IIoT Platform Market Industry Analysis

4.1.      Porter’s 5 Force Model

4.1.1.   Bargaining Power of Suppliers

4.1.2.   Bargaining Power of Buyers

4.1.3.   Threat of New Entrants

4.1.4.   Threat of Substitutes

4.1.5.   Competitive Rivalry

4.1.6.   Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2.      PEST Analysis

4.2.1.   Political

4.2.2.  Economical

4.2.3.  Social

4.2.4.  Technological

4.3.      Investment Adoption Model

4.4.      Analyst Recommendation & Conclusion

Chapter 5.      Global IIoT Platform Market, by Offering

5.1.      Market Snapshot

5.2.      Global IIoT Platform Market by Offering, Performance – Potential Analysis

5.3.      Global IIoT Platform Market Estimates & Forecasts by Offering 2017-2027 (USD Billion)

5.4.      IIoT Platform Market, Sub Segment Analysis

5.4.1.   Platform

5.4.2.   Services

Chapter 6.      Global IIoT Platform Market, by Application         

6.1.      Market Snapshot

6.2.      Global IIoT Platform Market by Application, Performance – Potential Analysis

6.3.      Global IIoT Platform Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

6.4.      IIoT Platform Market, Sub Segment Analysis

6.4.1.   Asset Management

6.4.2.  Supply Chain Management

6.4.3.  Business Process Optimization

6.4.4.  Workforce Management

6.4.5.   Automation Control

6.4.6.  Emergency and Incident Management

Chapter 7.      Global IIoT Platform Market, by Vertical

7.1.      Market Snapshot

7.2.      Global IIoT Platform Market by Vertical – Potential Analysis

7.3.      Global IIoT Platform Market Estimates & Forecasts by Vertical 2017-2027 (USD Billion)

7.4.      IIoT Platform Market, Sub Segment Analysis

7.4.1.   Energy and Utilities

7.4.2.   Chemical and Materials

7.4.3.   Food & Beverages

7.4.4.   Automotive

7.4.5.   Semiconductor and Electronics

7.4.6.   Medical Devices

7.4.7.   Machine Manufacturing

7.4.8.  Others

Chapter 8.     Global IIoT Platform Market, Regional Analysis

8.1.      IIoT Platform Market, Regional Market Snapshot

8.2.     North America IIoT Platform Market

8.2.1.   U.S. IIoT Platform Market            Offering breakdown estimates & forecasts, 2017-2027           Application breakdown estimates & forecasts, 2017-2027           Vertical breakdown estimates & forecasts, 2017-2027

8.2.2.  Canada IIoT Platform Market

8.3.     Europe IIoT Platform Market Snapshot

8.3.1.   U.K. IIoT Platform Market

8.3.2.  Germany IIoT Platform Market

8.3.3.  France IIoT Platform Market

8.3.4.  Spain IIoT Platform Market

8.3.5.  Italy IIoT Platform Market

8.3.6.  Rest of Europe IIoT Platform Market

8.4.     Asia-Pacific IIoT Platform Market Snapshot

8.4.1.   China IIoT Platform Market

8.4.2.  India IIoT Platform Market

8.4.3.  Japan IIoT Platform Market

8.4.4.  Australia IIoT Platform Market

8.4.5.  South Korea IIoT Platform Market

8.4.6.  Rest of Asia Pacific IIoT Platform Market

8.5.      Latin America IIoT Platform Market Snapshot

8.5.1.   Brazil IIoT Platform Market

8.5.2.  Mexico IIoT Platform Market

8.6.     Rest of The World IIoT Platform Market

Chapter 9.      Competitive Intelligence

9.1.      Top Market Strategies

9.2.      Company Profiles

9.2.1.   Software AG            Key Information            Overview            Financial (Subject to Data Availability)            Product Summary            Recent Developments

9.2.2.  PTC Inc.

9.2.3.  Hitachi, Ltd.

9.2.4.  IBM Corp.

9.2.5.   Microsoft Corp.

9.2.6.  Cisco Systems, Inc.

9.2.7.   Intel Corporation

9.2.8.  SAP SE

9.2.9.  Siemens AG

9.2.10.            Accenture plc

Chapter 10.    Research Process

10.1.    Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2.    Research Attributes

10.3.    Research Assumption

……..and view more in complete table of Contents

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