Industrial Internet of Things (IIoT) Market Size, Share, Industry Analysis and Growth Drivers by 2023

IIoT is a network of multiple devices connected through communications technologies. The sub-systems are able to collect, monitor, analyze, and deliver insights for driving business decisions for the industrial companies. IIoT is an integration of advanced technologies such as Machine-to-Machine (M2M) communication.

The IIoT market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023. In 2016, the hardware components dominated the IIoT market in terms of revenue. Further, based on application, the manufacturing application led the market with 35% share in 2016.

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Increase in technological investments in the developing regions coupled with the emergence of big data analytics has widely driven the global market growth of IIoT. Further, rise in demand from the healthcare industry and the initiation of industry-specific platforms in the developed region is expected to fuel the growth of the market.

The market witnesses a continuous rise in adoption of Internet of Things (IoT) due to presence of factors such as high penetration of Wi-Fi connectivity, technological enhancements in wireless network technologies, and rise in adoption of cloud platform. Furthermore, growth in development of smart transportation and smart cities leads to increased adoption of IoT. This in turns propels the growth of the IIoT market.

Smart and connected products are critical components in the connected supply chain and smart manufacturing processes. Further, the advent of low cost connected devices has enabled manufacturers to adopt IoT technologies to lower resource consumption and increase the overall productivity. Moreover, due to low operational cost, several manufacturers prefer to implement IoT applications in machines to maximize the efficiency with reduced cost.

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The key players profiled in the report include Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., ABB, Texas Instruments Inc., Dassault Systmes, Honeywell International Inc., Huawei Technology Co., Ltd., and International Business Machines Corporation (IBM). These market players focus on the development of new technology, launch of novel products with innovative variations, and adoption of partnership and collaboration as key strategies to establish their position in the market.

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
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Nanotechnology Market Anticipated to Reach $2.31 Billion by 2025 at 10.54% CAGR

According to the report, the global nanotechnology market generated $1.05 billion in 2018, and is estimated to reach $2.31 billion by 2025, growing at a CAGR of 10.54% from 2019 to 2025.

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Developing technological advancements in nanotech devices drive the global nanotechnology market. Furthermore, increasing adoption of nanotechnology in medical imaging supplements the market growth to some extent. However, problems regarding deployment of nanotech devices in extreme weather conditions and high cost of the technology restrict the growth of this market. On the other hand, increasing government support and funding with emergence of self-powered nanotech devices offer lucrative opportunities in the global nanotechnology market.

The Nanosensor segment to maintain its leadership status by 2025

The nanosensor segment accounted for more than half of the total market share in 2018, and is expected to maintain its dominance by 2025. Furthermore, this segment is estimated to project the fastest CAGR of 9.60% from 2019 to 2025. The major factor that drives the growth of this segment is the efficiency in detection of minute elements. The key usage of nanosensors include monitoring physical and chemical phenomena in regions difficult to reach, detecting biochemicals in cellular organelles, and measuring nanoscopic particles in the industry and environment

Chemical segment to maintain its dominance throughout the forecast period

Based on types, the segment is bifurcated in to electronics, energy, chemical, aerospace & defense, healthcare, and other types. Among them, the chemical segment held nearly one-third of the total market share in 2018, and will maintain its dominance throughout the forecast period, owing to its efficiency in detecting gas molecules. However, the energy segment is estimated to register the highest growth rate with a CAGR of 13.80% from 2019 to 2025, owing to increasing efficiency in fuel consumption.

Asia-Pacific to grow at the fastest CAGR

The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific would grow at the fastest CAGR of 12.80% from 2019 to 2025, owing to increasing demand for biomedical devices in the region. Their market is largely controlled by government policies and regulations which are encouraging sustainable investments in the sector. However, North America contributed to nearly one-third of the total share in 2018 and is expected to maintain its dominance during the forecast period. This is due to the presence of large number of research lab and centers in the region. They are the key contributors to the global nanotechnology market owing to the advancements in technologies, innovations, and investments in respective industry.

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Frontrunners of the industry

Leading market players analyzed in the research include Nanoics Imaging Ltd., Altair Nanotechnologies Inc., Biosensor International, Applied Nanotech Holdings Inc., Advanced Nano Products, Thermofisher Scientific, eSpin Technologies, Inc., Imina Technologies Sa, Kleindiek Nanotechnik Gmbh, and Bruker Axs. These key players operating in the nanotechnology market have adopted new product launch as their preferred strategy to expand their market foothold.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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Data Center Switch Market Predicted to Surpass $28.70 Billion by 2026, at 10.1% CAGR

According to the report, the global data center switch market was estimated at $12.86 billion in 2018 and is expected to hit $28.70 billion by 2026, registering at CAGR of 10.1% during 2019–2026.

Significant growth in cloud computing & edge computing and several government regulations regarding localization of data centers fuel the growth of the global data center switch market. On the other hand, high data center operational cost restrains the growth to some extent. However, increase in smart computing devices is expected to create multiple opportunities in the industry.

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The ethernet segment to maintain its dominance through 2019–2026-

Based on technology, the ethernet segment accounted for nearly three-fourths of the total market share in 2018 and is expected to lead the trail till 2026. High usage of Ethernet switch L2 and L3 has worked as the major growth factor for ethernet data center switch market. On the other hand, offering high performance specification for data transmission between high speed, low latency, and highly scalable CPUs, the infiniband segment is projected to grow at the fastest CAGR of 19.1% during the study period.

The 10G and below segment to retain its top status till 2026-

Based on port speed, the 10G and below segment generated the largest share in 2018, accounting for more than two-thirds of the total market. This is attributed to easy installation and plug & play features of these ports which make them suitable for small as well as medium networks. The above 40G up to 100G segment, on the other hand, is predicted to showcase the fastest CAGR of 40.3% during the forecast period.

North America garnered the major share in 2018-

Based on geography, North America contributed to nearly two-fifths of the total market revenue and is anticipated to rule the roost throughout the estimated period. Wide presence of key hyperscale cloud providers in the region, followed by rapid advancements and innovations in data center has driven the growth.

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Frontrunners in the industry-

The key market players analyzed in the report include Jupiter Networks, Huawei, Hewlett Packard Enterprise, Ericsson, Arista Networks, Mellanox, Cisco, Dell EMC, ZTE, and Extreme Networks. Adhering to a number of high-end strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others, these market players have become able to heighten their stand in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Nanotechnology Market: Industry Analysis, Growth Factors and Revenue Making Strategies

Developing technological advancements in nanotech devices drive the global nanotechnology market. Furthermore, increasing adoption of nanotechnology in medical imaging supplements the market growth to some extent. However, problems regarding deployment of nanotech devices in extreme weather conditions and high cost of the technology restrict the growth of this market. On the other hand, increasing government support and funding with emergence of self-powered nanotech devices offer lucrative opportunities in the global nanotechnology market.

According to the report, the global nanotechnology market generated $1.05 billion in 2018, and is estimated to reach $2.31 billion by 2025, growing at a CAGR of 10.54% from 2019 to 2025.

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The Nanosensor segment to maintain its leadership status by 2025

The nanosensor segment accounted for more than half of the total market share in 2018, and is expected to maintain its dominance by 2025. Furthermore, this segment is estimated to project the fastest CAGR of 9.60% from 2019 to 2025. The major factor that drives the growth of this segment is the efficiency in detection of minute elements. The key usage of nanosensors include monitoring physical and chemical phenomena in regions difficult to reach, detecting biochemicals in cellular organelles, and measuring nanoscopic particles in the industry and environment

Chemical segment to maintain its dominance throughout the forecast period

Based on types, the segment is bifurcated in to electronics, energy, chemical, aerospace & defense, healthcare, and other types. Among them, the chemical segment held nearly one-third of the total market share in 2018, and will maintain its dominance throughout the forecast period, owing to its efficiency in detecting gas molecules. However, the energy segment is estimated to register the highest growth rate with a CAGR of 13.80% from 2019 to 2025, owing to increasing efficiency in fuel consumption.

Asia-Pacific to grow at the fastest CAGR

The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific would grow at the fastest CAGR of 12.80% from 2019 to 2025, owing to increasing demand for biomedical devices in the region. Their market is largely controlled by government policies and regulations which are encouraging sustainable investments in the sector. However, North America contributed to nearly one-third of the total share in 2018 and is expected to maintain its dominance during the forecast period. This is due to the presence of large number of research lab and centers in the region. They are the key contributors to the global nanotechnology market owing to the advancements in technologies, innovations, and investments in respective industry.

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Frontrunners of the industry

Leading market players analyzed in the research include Nanoics Imaging Ltd., Altair Nanotechnologies Inc., Biosensor International, Applied Nanotech Holdings Inc., Advanced Nano Products, Thermofisher Scientific, eSpin Technologies, Inc., Imina Technologies Sa, Kleindiek Nanotechnik Gmbh, and Bruker Axs. These key players operating in the nanotechnology market have adopted new product launch as their preferred strategy to expand their market foothold.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com