Market Overview:
The global IIoT software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based IIoT software and the growing trend of Industry 4.0 across different industries. The global IIoT software market by type is segmented into cloud-based and on-premises. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period from 2018 to 2030, owing to its advantages such as low cost, scalability, and flexibility. The global IIoT software market by application is segmented into building and home automation, manufacturing, transportation, healthcare & life sciences, oil & gas, utilities & smart grid infrastructure management (SGIM), others (education sector).
Product Definition:
IIoT software is used to manage and monitor industrial devices and systems. It helps companies optimize their operations, increase efficiency, and improve safety.
Cloud-based:
Cloud-based software is a type of Software as a Service (SaaS) that provides an interface to manage data and applications across multiple devices from a single location. The IIoT software industry has been growing at an exponential rate, owing to the increasing adoption of cloud technology in various sectors such as manufacturing, oil & gas, energy & utilities and healthcare among others.
On-premises:
On-premises software is a type of software that is installed and used directly as the source code or in some cases, it can be integrated with cloud services. It has various advantages such as easy to use, cost effective and secure. IIoT Software market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The IIoT software in the transportation segment accounted for the largest revenue share of over 30% in 2017. The growing adoption of connected vehicles is anticipated to drive demand for automotive applications, which, in turn, will fuel market growth over the forecast period. Furthermore, a rise in demand for real-time vehicle tracking and monitoring systems is expected to propel industry expansion over the coming years.
Building and home automation are anticipated to witness significant growth during the forecast period owing to rising consumer awareness regarding energy conservation measures coupled with increasing government initiatives aimed at improving public infrastructure across various regions globally. The IIoT solutions help monitor & control appliances from a smartphone or computer using an internet connection thereby reducing electricity costs by 20%. Such factors are projected to drive industry expansion during future years.
The manufacturing sector has also been witnessing tremendous technological advancements that have significantly improved operational efficiency within factories as well as increased overall productivity on account of advanced machine tools.
Regional Analysis:
North America dominated the global IIoT software market in 2017. The growth of this region can be attributed to several factors such as increasing government initiatives, growing adoption of smart devices, and rising demand for connected cars. For instance, in 2016 the U.S Department of Energy launched a program called “Smart Grid†that aims at accelerating innovation across the entire energy sector through partnerships with industry leaders and utilities nationwide. Furthermore, according to research published by Gartner Inc.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments from governments and private players across various industries including manufacturing & supply chain management; building & home automation; transportation & logistics; oil & gas etc.).
Growth Factors:
- Increased demand from the manufacturing sector for improved production efficiency and quality.
- Proliferation of low-cost sensors and connected devices that can collect data and enable real-time monitoring of industrial processes.
- Development of innovative applications that take advantage of the unique capabilities offered by IIoT platforms, such as machine learning and predictive analytics.
- Growing interest among businesses in using IIoT to create new revenue streams through product or service innovation.
- Advances in cloud computing technology that make it easier to deploy, manage, and scale large-scale industrial IoT deployments
Scope Of The Report
Report Attributes
Report Details
Report Title
IIoT Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Building and Home Automation, Manufacturing, Transportation, Others
By Companies
SAP, Cisco, Bosch, GE, Google, Amazon Web Services, HP, Intel, IBM, Microsoft, Oracle, Rockwell Automation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global IIoT Software Market Report Segments:
The global IIoT Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building and Home Automation, Manufacturing, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SAP
- Cisco
- Bosch
- GE
- Amazon Web Services
- HP
- Intel
- IBM
- Microsoft
- Oracle
- Rockwell Automation
Highlights of The IIoT Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Building and Home Automation
- Manufacturing
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IIoT Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IIoT software is a suite of tools that allow businesses to connect devices and sensors in the physical world with their applications in the digital world. This allows businesses to collect data from devices and sensors, process that data, and make decisions based on it. IIoT software can also help companies manage their fleets of vehicles, buildings, and other assets.
Some of the key players operating in the iiot software market are SAP, Cisco, Bosch, GE, Google, Amazon Web Services, HP, Intel, IBM, Microsoft, Oracle, Rockwell Automation.
The iiot software market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IIoT Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 IIoT Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 IIoT Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the IIoT Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global IIoT Software Market Size & Forecast, 2018-2028 4.5.1 IIoT Software Market Size and Y-o-Y Growth 4.5.2 IIoT Software Market Absolute $ Opportunity
Chapter 5 Global IIoT Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IIoT Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IIoT Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IIoT Software Market Size Forecast by Applications
6.2.1 Building and Home Automation
6.2.2 Manufacturing
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IIoT Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IIoT Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IIoT Software Analysis and Forecast
9.1 Introduction
9.2 North America IIoT Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IIoT Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IIoT Software Market Size Forecast by Applications
9.10.1 Building and Home Automation
9.10.2 Manufacturing
9.10.3 Transportation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IIoT Software Analysis and Forecast
10.1 Introduction
10.2 Europe IIoT Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IIoT Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IIoT Software Market Size Forecast by Applications
10.10.1 Building and Home Automation
10.10.2 Manufacturing
10.10.3 Transportation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IIoT Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IIoT Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IIoT Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IIoT Software Market Size Forecast by Applications
11.10.1 Building and Home Automation
11.10.2 Manufacturing
11.10.3 Transportation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IIoT Software Analysis and Forecast
12.1 Introduction
12.2 Latin America IIoT Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IIoT Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IIoT Software Market Size Forecast by Applications
12.10.1 Building and Home Automation
12.10.2 Manufacturing
12.10.3 Transportation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IIoT Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IIoT Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IIoT Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IIoT Software Market Size Forecast by Applications
13.10.1 Building and Home Automation
13.10.2 Manufacturing
13.10.3 Transportation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IIoT Software Market: Competitive Dashboard
14.2 Global IIoT Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP
14.3.2 Cisco
14.3.3 Bosch
14.3.4 GE
14.3.5 Google
14.3.6 Amazon Web Services
14.3.7 HP
14.3.8 Intel
14.3.9 IBM
14.3.10 Microsoft
14.3.11 Oracle
14.3.12 Rockwell Automation