Industrial System Integrator & Industrial Internet of Things Technology Market by Component (Services, Solution), Integrator Type (Building Management, Cloud-Based Integration, Data Center Management), Technology, Industry - Global Forecast 2024-2030
The Industrial System Integrator & Industrial Internet of Things Technology Market size was estimated at USD 234.65 billion in 2023 and expected to reach USD 290.79 billion in 2024, at a CAGR 25.91% to reach USD 1,177.32 billion by 2030.
The market for Industrial System Integrators (ISI) and Industrial Internet of Things (IIoT) technology encompasses the convergence of systems engineering, information technology, and operational technology to optimize and automate industrial processes. It involves the integration of various industrial systems and the implementation of IoT solutions to enhance connectivity, efficiency, and data analysis in manufacturing and process industries. The application of ISI and IIoT technology spans numerous sectors, including manufacturing, energy, utilities, transportation, healthcare, and agriculture. End-use is particularly prevalent in Industry 4.0 transformation, where these technologies drive smart factories, predictive maintenance, supply chain optimization, and energy management. The growth of the ISI and IIoT market is influenced by various factors, including continuous innovation in IoT and digital technologies, expanding industrial sectors worldwide, policies supporting Industry 4.0 and smart manufacturing initiatives, and increasing emphasis on data analytics for operational optimization. However, vulnerability to cyberattacks with increased connectivity, technical complexities in integrating new with existing systems, and scarcity of trained professionals with expertise in IIoT and system integration can hinder the market's growth. On the other hand, the deployment of edge computing to process data nearer to the source is gaining traction, offering reduced latency and better data management, AI-powered analytics for predicting maintenance needs and production outcomes, and personalized integration solutions tailored to specific industrial needs are emerging trends offering growth potential.
Regional InsightsThe Americas, particularly the United States and Canada, are at the forefront of industrial automation and Internet of Things (IoT) technology. The demand for system integrators in the US is driven by a robust manufacturing sector seeking to enhance operational efficiency through data analytics and real-time monitoring. Canadian industries are similarly interested in embracing digital transformation to improve productivity and competitiveness. The Canadian Automated Integration and IIoT market is showing strong growth, supported by government-funded initiatives encouraging technological partnership and innovation, including IIoT applications. In South American countries, including Brazil, Argentina, and Chile, rapid development in manufacturing and agricultural sectors with emerging IoT applications supports the expansion of industrial system integrators & industrial Internet of Things technology market. The European Union is a complex market with a strong focus on compliance with regulations and standards, such as the GDPR, which impacts the deployment of IoT solutions. Countries within the EU are heavily investing in Industry 4.0, prioritizing the use of IIoT technologies to revolutionize manufacturing. The European Commission's approach to the digital transformation of industry, Digitising European Industry, demonstrates the commitment to investments in key digital technologies. In the Middle East, nations, including Saudi Arabia and the United Arab Emirates, are rapidly integrating IIoT technologies into their industries as part of their broader vision for economic diversification. Africa, with its rich resources and emerging markets, is still at an early adoption stage of IIoT but possesses huge growth potential. China is a prominent country in terms of IoT adoption due to its massive manufacturing base and government initiatives such as Made in China 2025, which prioritize advancements in manufacturing technologies. Japan has a legacy of advanced industrial automation and robotics; their initiatives, such as Society 5.0, aim to integrate IoT throughout various societal aspects. In India, industrial IoT adoption is rapidly increasing due to the Make in India program focused on remaking India into a global manufacturing hub.
Market InsightsMarket DynamicsThe market dynamics represent an ever-changing landscape of the Industrial System Integrator & Industrial Internet of Things Technology Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market DriversSignificant 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 RestraintsInteroperability issues and concerns regarding data security and privacy with industrial system integrator technology
Market OpportunitiesEmerging innovations in industrial system integration and IIoT
Rapid adoption of predictive maintenance technologies
Market ChallengesLack of standardization and shortage of qualified workforce
Market Segmentation AnalysisComponent: Growing demand for solutions and services to adopt new technologies with minimal disruption to existing operations
Integrator Type: Rising adoption of security and surveillance management to address the advanced threat landscape and reinforcing surveillance systems
Technology: Significant popularity of functional safety systems for rigorous safety requirements
Industry: Growing application in the automotive and Mining & Metal sectors to manage autonomous operations and predictive maintenance
Market Disruption AnalysisPorter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning MatrixThe FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial System Integrator & Industrial Internet of Things Technology Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial System Integrator & Industrial Internet of Things Technology Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent DevelopmentsLexmark Partners with HARMAN Digital Transformation Solutions to Co-Develop Industrial IoT Applications
Lexmark formed a strategic alliance with HARMAN Digital Transformation Solutions, which is known for its comprehensive IoT services. This partnership is poised to transform enterprise operational landscapes by integrating Lexmark's advanced Optra IoT framework with HARMAN's extensive experience in digital transformation and system integration. The synergy between Lexmark's IoT prowess and HARMAN's domain expertise is expected to nurture cutting-edge solutions in artificial intelligence (AI) and IoT, targeting pressing industrial challenges. The collaboration is set to revolutionize a spectrum of sectors by deploying intelligent IoT applications, promoting Industry 4.0 practices, enabling remote oversight of manufacturing operations, and uplifting the connectivity of medical technology and consumer products. Lexmark and HARMAN are equipping organizations with the tools needed to leap forward together into a more connected, efficient future.
Omron Announces TOA SE Inc as Certified Systems Integrator
Omron Automation Americas strategically expanded its Certified Systems Integrator program by partnering with TOA SE Inc., a distinguished North American automation expert. This collaboration follows TOA SE Inc.’s impressive implementation of Omron’s cutting-edge SYSMAC Automation Controller for a prominent automotive industry client, showcasing their adeptness in leveraging Omron technology to fulfill intricate customer requirements.
Hitachi Acquires Key Industry 4.0 Systems Integrator - Flexware Innovation
Hitachi, Ltd. solidified its commitment to digital transformation in the manufacturing sector by acquiring Flexware Innovation, Inc., a seasoned Systems Integrator (SI) with a successful track record dating back to 1996. This strategic move notably amplifies Hitachi's capabilities in North America, particularly within Manufacturing Execution Systems (MES), Supervisory Control and Data Acquisition (SCADA), software development, Business Intelligence (BI), and Enterprise Resource Planning (ERP) services. The acquisition also accelerates synergy with JR Automation, specializing in robotics SI and automation, thereby enhancing comprehensive solutions spanning robotics, MES, SCADA, BI, and ERP.
Strategy Analysis & RecommendationThe strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial System Integrator & Industrial Internet of Things Technology Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company ProfilesThe 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 & CoverageThis 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:
Component
Services
Managed
Professional
Solution
Analytics
Data Management
Remote Monitoring
Security Solutions
Integrator Type
Building Management
Cloud-Based Integration
Data Center Management
Enterprise Management
Infrastructure Integration Service
Network Management
Security & Surveillance Management
Technology
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
Supervisory Control and Data Acquisition
Industry
Aerospace & Defense
Automotive
Chemical
Electrical & Electronics
Energy & Power
Food & Beverage
Mining & Metal
Oil & Gas
Pharmaceutical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year