Industrial System Integrator & Industrial Internet of Things Technology Market by Component, Integrator Type, Technology, Industry

Description

List of Tables

The Industrial System Integrator & Industrial Internet of Things Technology Market was valued at USD 234.65 billion in 2023, expected to reach USD 290.79 billion in 2024, and is projected to grow at a CAGR of 25.91%, to USD 1,177.32 billion by 2030.

The scope of Industrial System Integrator and Industrial Internet of Things (IIoT) technology encompasses the integration of complex systems and the seamless connectivity of machinery, equipment, and sensors in industrial environments. It is essential due to its capacity to optimize operational efficiency, reduce costs, and enhance productivity through real-time data collection and analysis. Applications are found in sectors like manufacturing, energy, automotive, and logistics, enabling automation, predictive maintenance, and smarter decision-making processes. The end-use scope is significant, as it extends to any industry seeking to modernize and digitize its operations for improved competitiveness. Market insights indicate that the growth is influenced by the rising adoption of automation, increasing emphasis on improving workforce productivity, and the need to reduce operational costs. Significant opportunities lie in sectors like smart manufacturing and energy management, where IIoT's potential is still being unfolded. To capture these opportunities, companies should focus on developing robust cybersecurity measures and scalable solutions to address growing concerns of data breaches and system complexities. However, potential limitations include high initial costs, integration challenges, and the need for skilled workforce training, which can impede rapid adoption. Additionally, the prevalence of legacy systems might pose technical challenges in seamless integration with advanced IIoT solutions. The best areas for innovation and research are in artificial intelligence-driven analytics, advanced machine learning algorithms for predictive maintenance, and enhancing edge computing capabilities to reduce latency and reliance on centralized data centers. Emphasizing open standards and interoperability can boost further collaboration and innovation. The nature of the market is dynamic and competitive, with new entrants constantly emerging and existing players striving to enhance their offerings through mergers, partnerships, and technological advancements to maintain a competitive edge.

KEY MARKET STATISTICS
Base Year [2023]	USD 234.65 billion
Estimated Year [2024]	USD 290.79 billion
Forecast Year [2030]	USD 1,177.32 billion
CAGR (%)	25.91%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Industrial System Integrator & Industrial Internet of Things Technology Market

The Industrial System Integrator & Industrial Internet of Things Technology Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Significant shift towards industrial automation across the globe
- Favorable government initiatives and funding for smart manufacturing
- Upsurging trend of cloud computing platforms in the business sector
Market Restraints
- Interoperability issues and concerns regarding data security and privacy with industrial system integrator technology
Market Opportunities
- Emerging innovations in industrial system integration and IIoT
- Rapid adoption of predictive maintenance technologies
Market Challenges
- Lack of standardization and shortage of qualified workforce

Porter's Five Forces: A Strategic Tool for Navigating the Industrial System Integrator & Industrial Internet of Things Technology Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Industrial System Integrator & Industrial Internet of Things Technology Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Industrial System Integrator & Industrial Internet of Things Technology Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Industrial System Integrator & Industrial Internet of Things Technology Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Industrial System Integrator & Industrial Internet of Things Technology Market

A detailed market share analysis in the Industrial System Integrator & Industrial Internet of Things Technology Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Industrial System Integrator & Industrial Internet of Things Technology Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Industrial System Integrator & Industrial Internet of Things Technology Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Industrial System Integrator & Industrial Internet of Things Technology Market

A strategic analysis of the Industrial System Integrator & Industrial Internet of Things Technology Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Industrial System Integrator & Industrial Internet of Things Technology Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advanced Micro Devices, Inc, Advantech Co., Ltd., Amazon Web Services, Inc., C3 IoT Inc., Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Dell Inc., Emerson Electric Co., Fujitsu Component Limited, General Electric Company, Hewlett Packard Enterprise Development LP, Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Infosys Limited, Intel Corporation, International Business Machines Corporation, KUKA AG, Microsoft Corporation, NEC Corporation, Nokia Corporation, Oracle Corporation, PTC Inc., Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Samsara Inc., SAP SE, Schneider Electric SE, Siemens AG, SoftBank Corp., Software AG, Tata Consultancy Services Limited, Tech Mahindra Limited, Texas Instruments Incorporated, Toshiba Corporation, Yokogawa Electric Corporation, and Zebra Technologies Corporation.

Market Segmentation & Coverage

This research report categorizes the Industrial System Integrator & Industrial Internet of Things Technology Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Services and Solution. The Services is further studied across Managed and Professional. The Solution is further studied across Analytics, Data Management, Remote Monitoring, and Security Solutions.
Based on Integrator Type, market is studied across Building Management, Cloud-Based Integration, Data Center Management, Enterprise Management, Infrastructure Integration Service, Network Management, and Security & Surveillance Management.
Based on Technology, market is studied across Distributed Control System, Functional Safety System, Human-Machine Interface, Industrial Robotics, Machine Condition Monitoring, Machine Vision, Manufacturing Execution System, Plant Asset Management, Programmable Logic Controller, and Supervisory Control and Data Acquisition.
Based on Industry, market is studied across Aerospace & Defense, Automotive, Chemical, Electrical & Electronics, Energy & Power, Food & Beverage, Mining & Metal, Oil & Gas, and Pharmaceutical.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-6702BB651364

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant shift towards industrial automation across the globe
  - 5.1.1.2. Favorable government initiatives and funding for smart manufacturing
  - 5.1.1.3. Upsurging trend of cloud computing platforms in the business sector
- 5.1.2. Restraints
  - 5.1.2.1. Interoperability issues and concerns regarding data security and privacy with industrial system integrator technology
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging innovations in industrial system integration and IIoT
  - 5.1.3.2. Rapid adoption of predictive maintenance technologies
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standardization and shortage of qualified workforce
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing demand for solutions and services to adopt new technologies with minimal disruption to existing operations
- 5.2.2. Integrator Type: Rising adoption of security and surveillance management to address the advanced threat landscape and reinforcing surveillance systems
- 5.2.3. Technology: Significant popularity of functional safety systems for rigorous safety requirements
- 5.2.4. Industry: Growing application in the automotive and Mining & Metal sectors to manage autonomous operations and predictive maintenance
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Industrial System Integrator & Industrial Internet of Things Technology Market, by Component

6.1. Introduction
6.2. Services
- 6.2.1. Managed
- 6.2.2. Professional
6.3. Solution
- 6.3.1. Analytics
- 6.3.2. Data Management
- 6.3.3. Remote Monitoring
- 6.3.4. Security Solutions

7. Industrial System Integrator & Industrial Internet of Things Technology Market, by Integrator Type

7.1. Introduction
7.2. Building Management
7.3. Cloud-Based Integration
7.4. Data Center Management
7.5. Enterprise Management
7.6. Infrastructure Integration Service
7.7. Network Management
7.8. Security & Surveillance Management

8. Industrial System Integrator & Industrial Internet of Things Technology Market, by Technology

8.1. Introduction
8.2. Distributed Control System
8.3. Functional Safety System
8.4. Human-Machine Interface
8.5. Industrial Robotics
8.6. Machine Condition Monitoring
8.7. Machine Vision
8.8. Manufacturing Execution System
8.9. Plant Asset Management
8.10. Programmable Logic Controller
8.11. Supervisory Control and Data Acquisition

9. Industrial System Integrator & Industrial Internet of Things Technology Market, by Industry

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Chemical
9.5. Electrical & Electronics
9.6. Energy & Power
9.7. Food & Beverage
9.8. Mining & Metal
9.9. Oil & Gas
9.10. Pharmaceutical

10. Americas Industrial System Integrator & Industrial Internet of Things Technology Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Industrial System Integrator & Industrial Internet of Things Technology Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Industrial System Integrator & Industrial Internet of Things Technology Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Lexmark Partners with HARMAN Digital Transformation Solutions to Co-Develop Industrial IoT Applications
- 13.3.2. Omron Announces TOA SE Inc as Certified Systems Integrator
- 13.3.3. Hitachi Acquires Key Industry 4.0 Systems Integrator - Flexware Innovation
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. Advanced Micro Devices, Inc
3. Advantech Co., Ltd.
4. Amazon Web Services, Inc.
5. C3 IoT Inc.
6. Cisco Systems, Inc.
7. Cognizant Technology Solutions Corporation
8. Dell Inc.
9. Emerson Electric Co.
10. Fujitsu Component Limited
11. General Electric Company
12. Hewlett Packard Enterprise Development LP
13. Hitachi, Ltd.
14. Honeywell International Inc.
15. Huawei Technologies Co., Ltd.
16. Infosys Limited
17. Intel Corporation
18. International Business Machines Corporation
19. KUKA AG
20. Microsoft Corporation
21. NEC Corporation
22. Nokia Corporation
23. Oracle Corporation
24. PTC Inc.
25. Qualcomm Technologies, Inc.
26. Robert Bosch GmbH
27. Rockwell Automation, Inc.
28. Samsara Inc.
29. SAP SE
30. Schneider Electric SE
31. Siemens AG
32. SoftBank Corp.
33. Software AG
34. Tata Consultancy Services Limited
35. Tech Mahindra Limited
36. Texas Instruments Incorporated
37. Toshiba Corporation
38. Yokogawa Electric Corporation
39. Zebra Technologies Corporation