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IIoT Data Collection and Device Management Platform Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR46666
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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. 

Market Overview

IIoT-Data-Collection-And-Device-Management-Platform-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Advantech Co. Ltd.
  • Aeris Communications Inc.
  • Cisco Systems Inc.
  • General Electric Co.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Moxa Inc.
  • Nokia Corp.
  • Robert Bosch GmbH

 

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. 

IIoT Data Collection and Device Management Platform Market: Key Drivers and Trends

  • The OTA firmware updates will be one of the primary growth factors for the IIoT data collection and device management platform market.
  • OTA enables the firmware to be updated over-the-air from a remote location, without impacting the runtime of the system embedded with the firmware and without the need for a skilled professional. 
  • Owing to the increasing use of OTA firmware updates, it is easier and cost-effective to patch up or upgrade the firmware.
  • OTA updates can also be handled remotely by vendors, reducing the expense of end-users in terms of downtime and service charge.
  • The growth of edge computing and IIoT will drive the growth of the market throughout the forecast period.
  • Edge computing enables the data to be modified and structured near the source of data before using analytical methods.
  • Using IIoT in industries, vendors compete intensely based on the speed of data transfer and analytics.
  • The efficiency of edge computing drives the adoption of IIoT data collection and device management platform.

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IIoT Data Collection and Device Management Platform Market: Segmentation by Geography

IIoT-Data-Collection-And-Device-Management-Platform-Market-Market-Share-by-Region-2020-2025

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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. 

IIoT Data Collection and Device Management Platform Market: Segmentation by End-user

IIoT-Data-Collection-And-Device-Management-Platform-Market-Market-Share-by-End-2020-2025

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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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IIoT Data Collection and Device Management Platform Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IIoT data collection and device management platform market growth during the next five years
  • Precise estimation of the IIoT data collection and device management platform market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IIoT data collection and device management platform industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IIoT data collection and device management platform market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Process industries - Market size and forecast 2020-2025
  • Discrete industries - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Advantech Co. Ltd.
  • Aeris Communications Inc.
  • Cisco Systems Inc.
  • General Electric Co.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Moxa Inc.
  • Nokia Corp.
  • Robert Bosch GmbH

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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IIoT Data Collection and Device Management Platform market growth will increase by $1389.76 million during 2020-2025.
The iiot data collection and device management platform market is expected to grow at a CAGR of 16.72% during 2020-2025.
Technavio has segmented the iiot data collection and device management platform market by end user (Process industries and Discrete industries) and geographic (North America, APAC, Europe, South America, and MEA).
Advantech Co. Ltd., Aeris Communications Inc., Cisco Systems Inc., General Electric Co., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Moxa Inc., Nokia Corp., Robert Bosch GmbH are a few of the key vendors in the iiot data collection and device management platform market.
North America will register the highest growth rate of 38.52% among the other regions. Therefore, the iiot data collection and device management platform market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the iiot data collection and device management platform market growth are:
  • OTA firmware updates
The iiot data collection and device management platform market vendors should focus on grabbing business opportunities from the process industries segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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