How the Internet of Things (IoT) Will Impact The Global Industries?

Internet of Things (IoT) facilitates the connection of various devices through network technology. IoT is a network of objects embedded with electronics, software, network connectivity and sensors. IoT aids to build smart communication environments like smart transportation, smart homes, smart shopping, and smart healthcare and so on.

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As IIoT projects extend beyond cloud-centric approaches, the next step in the evolution of artificial intelligence (AI) and the IIoT will address the need to convert algorithms to work at the edge in a dramatically smaller footprint. Edge technology can analyze all raw data and deliver the highest-fidelity analytics, and increase the likelihood of detecting anomalies, enabling immediate reaction. A test of success will be the amount of power or computing capability that can be achieved in the smallest footprint possible

Internet of Things

The advent of IoT in the industrial arena coupled with growing popularity of edge computing is anticipated to propel the Industrial internet of things edge market. Further, higher costs of implementations of the infrastructures hinder the smooth transitions of industrial internet of things edge market. Significant deployments of IoT in various industries is anticipated to opportunities to the players operating in the industrial internet of things edge market.

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The report aims to provide an overview of the industrial internet of things edge market with detailed market segmentation by technology, end-user, and geography. The global industrial internet of things edge market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading industrial internet of things edge market players and offers key trends and opportunities in the market.

The global industrial internet of things edge market is segmented on the basis of component, and end-user. Based on technology, the industrial internet of things edge market is segmented into software platform, gateways & routers, endpoint devices, network edge infrastructure, industrial routers, and Ethernet switches. On the basis of end-user, the industrial internet of things edge market is segmented into manufacturing, automotive, energy and utilities, oil and gas, metals and mining, healthcare, retail, transportation, and agriculture.

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Key Players are:
Honeywell, GE, Amazon, Google, Texas Instruments, Garmin, Hitachi, Skyworks, Silicon Laboratories, IBM, HuaWei

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