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The IIoT data collection and device management platform market size has the potential to grow by USD 1.38 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 16.72%.
This report provides a detailed analysis of the market by end-user (process industries and discrete industries), geography (North America, APAC, Europe, South America, and MEA), and key vendors.
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The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The IIoT data collection and device management platform market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as OTA firmware updates to achieve growth opportunities. However, factors such as increasing cybersecurity threats will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the IIoT data collection and device management platform market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This IIoT data collection and device management platform market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for IIoT data collection and device management platforms in North America. However, market growth in this region will be slower than the growth of the market in APAC.
The heavy involvement of the US in innovating the data collection and device management products are the prime factors that will facilitate the IIoT data collection and device management platform market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The growth of the global IIoT data collection and device management platform market in discrete industries is expected to be driven by the higher adoption of device management platforms in the automotive, and electronics and semiconductor manufacturing industries. The need to reduce the overall expense of manufacturing units is expected to act as a major driver for the increase in the adoption of IIoT data collection and device management platforms in discrete industries.
This report provides an accurate prediction of the contribution of all the segments to the growth of the IIoT data collection and device management platform market size. Fetch actionable market insights on post COVID-19 impact on each segment.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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