Global Industrial Internet Services Market 2015-2019
About Industrial Internet Services
The industrial Internet is a sub segment of the Internet of Things (IoT). As several devices get connected to the Internet, Technavio expects the growing need for services to enable seamless connectivity amid network complexities, collect data for appropriate analysis, and streamline communication among systems involved in the industrial Internet framework.Industries are experiencing significant benefits as they embrace the IoT. Industrial IoT is contributing to significant proliferation of industry data. This data proves essential for devising several operational and tactical strategies that can lead to improved productivity and efficiency of the industry or the industrial plant.
Technavio’s analysts forecast the global industrial internet services market to grow at a CAGR of 33.32% over 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global industrial internet services market for 2015-2019. The report covers the major key customer segments: Manufacturing, energy and utilities, automotive and transportation, and healthcare.
Technavio’s report, the Global Industrial Internet Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and also includes the profile of key vendors in this market.
Technavio Announces the Publication of its Research Report – Global Industrial Internet Services Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Internet Services Market: Accenture, Amazon Web Services, AT&T, Cisco, GE, IBM and TCS
Other Prominent Vendors in the market are: Atmel, Atos, Bosch, CSC, CTS, Dell, EMC, Ericsson, General Electric, Google, Hitachi, HP, Huawei, Huawei Technologies, Infineon Technologies, Infosys, Livion, Logica CMG, Microsoft, NEC, National Instruments, Oracle, PTC, Quuppa, Roima, SAP, Siemens, Symantec, TCS, Tech Mahindra, Tieto, Trelab, Unisys, Verizon Communications and ZTE
Commenting on the report, an analyst from Technavio’s team said: “For sectors such as healthcare, aviation, wind, power generation, power distribution, oil and gas, rail, manufacturing, and mining, big data is helping in analyzing sensor data and collecting data from industrial equipment such as turbines or oil refineries. Combining big data with the IoT allows a communicative transfer of real-time data between machines; therefore, the need to strategically analyze and monitor the information will ultimately have an impact on the global industrial Internet services market, which is predicted to grow at a rapid pace during the forecast period.”
According to the report, the use of big data with the IoT leads to enhancement of business productivity through several predictive mechanisms and risk averting models. It helps companies create new growth opportunities and entirely new categories of products and services by analyzing data, which in turn leads to better business productivity through reduction in errors and failure rates. To establish and implement these technologies in the industrial framework, there is a vital need for establishing a seamless connection for efficient communication among machines, systems, and people, which is driving the need for industrial Internet services.
Further, the report states that increase in IIoT applications and related security concerns is hindering the market for industrial Internet services.
Accenture, Amazon Web Services, AT&T, Cisco, GE, IBM, TCS, Atmel, Atos, Bosch, CSC, CTS, Dell, EMC, Ericsson, General Electric, Google, Hitachi, HP, Huawei, Huawei Technologies, Infineon Technologies, Infosys, Livion, Logica CMG, Microsoft, NEC, National Instruments, Oracle, PTC, Quuppa, Roima, SAP, Siemens, Symantec, TCS, Tech Mahindra, Tieto, Trelab, Unisys, Verizon Communications, ZTE
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