INDUSTRIAL IOT MARKET ANALYSIS

Regional Analysis

Global Industrial IoT Market: Regional Insights

North America is anticipated to gain significant growth in the global industrial IoT market over the forecast period. The region is one of the fastest adopters of novel technologies. With increasing early adoption of technologies and investments, the region continues to witness technological developments. The adoption of latest technological developments has accelerated among large companies functioning in the ecosystem of Industrial IoT. Moreover, the availability of funding, favorable market conditions for scientific advancements, and high economy in the region are driving growth of the market.

Europe is expected to show major growth in the global industrial IoT market over the forecast period, owing to widespread awareness regarding IoT among manufacturers and their collective collaboration and partnerships. Moreover, the adoption of Wi-Fi-enabled sensors across industries is increasing to assist in management of inventory, and traditional machines are being replaced by connected machines. Thus, the region is likely to show robust growth in the global industrial IoT market in the coming future.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa