The global IIoT market will grow from US $ 77.3 billion in 2020 to US $ 110.6 billion by 2025

Reportlinker.com announced the release of the report “Industrial IoT Market by Device & Technology, Connectivity, Software, Vertical, Region – Global Forecast to 2025” – https://www.reportlinker.com/p04756168/?utm_source=GNW.

Networking technology is expected to hold the largest share of the IIoT industry by device & technology in 2025. Both wired and wireless technologies are integral for machine-to-machine (M2M) connectivity to gather real-time data from industrial machinery across different geographies.

Market for agriculture vertical to grow at the highest rate during the forecast period.

Owing to the increasing adoption of new technologies, such as global positioning systems, remote sensing, and variable rate technology, in precision farming, the IIoT market for the agriculture vertical is expected to grow at the largest CAGR during the forecast period.

APAC to hold the largest share of the IIoT industry during the forecast period.

APAC is expected to be the largest market for IIoT during the forecast period. Dense population and growing per capita income, along with large-scale industrialization and urbanization, are some of the major factors driving the growth of the IIoT market in APAC.

Breakdown of profile of primary participants:
• By Company Type: Tier 1 = 21%, Tier 2 = 32%, and Tier 3 = 47%
• By Designation: C-level Executives = 46%, Directors = 29%, and Others = 25%
• By Region: North America = 44%, Europe = 29%, APAC = 18%, and RoW = 9%

ARM (UK), Cisco (US), GE (US) Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Dassault Systèmes (France), Honeywell (US), Huawei Technologies (China), IBM (US), KUKA (Germany), NEC Corporation (Japan), Bosch (Germany), Siemens AG (Germany), and PTC (US) are a few key players in the global IIoT market.