"Global Industrial Internet Services Market 2015-2019" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015

Fast Market Research announces the availability of Technavio's new report "Global Industrial Internet Services Market 2015-2019" on their comprehensive research portal.

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.

Get More Details on this Report and a Full Table of Contents at Global Industrial Internet Services Market 2015-2019

The report analyst commented, "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.

The key players in the Global Industrial Internet Services Market are Accenture, Amazon Web Services, AT&T, Cisco, GE, IBM and TCS while other prominent vendors include 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

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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