The Europe IIoT Platform Market would witness market growth of 12.3% CAGR during the forecast period (2021-2027). Companies were searching for smart asset management solutions for remote monitoring, predictive analytics & preventive maintenance, alerts & notifications, and remote services and control with the help of historical and real-time data analysis in order to cope up with possible errors.
As the Industrial IoT Platform industry is limitless, enterprises demand superior security and security insurances that don’t make them alone in the fight against corporate reconnaissance and data breaks. With the spike in the number of IoT-enabled infrastructures, several security and protection problems will come up. Every sensor, cell phone, entryway, and endpoint would become the desired aim for programmers.
The highest risk of the Industrial IoT Platform Industry is that enterprises are providing their protection slowly, without knowing it since they are not informed about what information is being collected and how it is being used. IoT gadgets evaluate aspects like pressing factor, speed, utilization, and temperature, and actuators control existing frameworks, such as brakes, valves, lights, power circuits, or computerized drug containers in various endeavors business measures.
The Germany market dominated the Europe IIoT Platform Services Market by Country 2020, growing at a CAGR of 13.8 % during the forecast period. The UK market is exhibiting a CAGR of 14.2% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 15.9% during (2021 - 2027).
The Energy & Utilities market dominated the Russia IIoT Platform Market by Industry Vertical 2020, thereby, achieving a market value of $146.4 million by 2027. The Logistics & Transportation market is showcasing a CAGR of 10.7% during (2021 - 2027). Additionally, The Machine Manufacturing market is expected to witness a CAGR of 12.5% during (2021 - 2027).
Based on Offering, the market is segmented into Platform (Without Services) and Services. Platform Type segment is further bifurcated across Device Management Platform, Application Enablement Platform and Connectivity Management Platform. Based on Application, the market is segmented into Asset Management, Business Process Optimization, Email, Supply Chain & Management and Automation Control. Based on Industry Vertical, the market is segmented into Energy & Utilities, Logistics & Transportation, Machine Manufacturing, Food & Beverages, Semiconductor & Electronics, Chemical & Materials, Automotive and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IIoT Platform Market Size will Hit $14.8 Billion by 2027, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, Software AG, SAP SE, Hitachi, Ltd., Intel Corporation, Siemens AG, Accenture PLC, and PTC, Inc.
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