Rising Uptake of Industry 4.0 Worldwide Provides Impetus to Global Industrial IoT Chipsets Market

Published Date : Jul 17, 2017

ALBANY, New York, July 17, 2017: In a technology-driven market business are keeping no stone unturned to ensure they pace up with the dynamic business environment. Among the most recent breakthroughs the Internet of Things (IoT) has enabled more efficient and hindrance-free communication, thus gaining traction from leading industries looking to excel production by gathering real-time data from machines used on the plant floor. MarketResearchReports.biz has added a new report studying the market prospects for industrial chipsets. The report is titled “Global Industrial IoT (IIoT) Chipsets Market 2017-2021,” and is available for sale on the company website.

The report provides a comprehensive overview of the global industrial IoT chipsets market. Besides this it covers various growth drivers and restraints influencing the market’s trajectory between 2017 and 2021. It compiles exhaustive information, all of which is obtained from trusted industrial sources and then filtered to ensure readers and stakeholders gain a more updated and relevant detail about the global industrial IoT chipsets market. Information thus compiled in the report is further substantiated using pertinent graphs, statistics, tables, and infographs.

The report has forecast the global industrial IoT chipsets market to exhibit over 30% CAGR between 2017 and 2021. The demand for enhanced factory networks is one of the chief drivers of the industrial IoT chipsets market. With the help of factory networks, companies can build a common plant for the entire business network. This helps in streamlining factory operations across various units. Besides this, the advent of industry 4.0 is likely to augur well for the industrial IoT chipsets market. Overall, the rising demand for better connectivity and automation, besides the need for data integration, electrification, and more efficient human-machine interaction have enabled the global industrial IoT chipsets market exhibit strong growth.

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The market has been segmented based on diverse criteria to gauge the factors offering maximum growth opportunities and identify challenges posing threat. Regionally, the global industrial IoT chipsets market can be segmented into APAC, EMEA, and the Americas. Among these regions, the growth witnessed by the market in the Americas is expected to be the highest. The rising popularity and uptake of industry 4.0 and other smart technologies across major industries will boost the industrial IoT chipsets market in the Americas. In addition, favorable government initiatives will support the market’s expansion in the Americas.

Besides highlighting the prevailing trends, the report also presents insights into the vendor landscape in the global industrial IoT chipsets market. The market currently witness high competition owing to the presence of numerous companies. The report has identified NXP Semiconductor, Texas Instruments, Cypress Semiconductor, STMicroelectronics, and Intel as key vendor in the market. Other prominent players include Infineon Technologies, Advanced Micro Devices, Siemens, Cisco, Qualcomm, NVIDIA, GE, Philips, and Toshiba. Detailed profiles of these and several other companies are included in the report as well.

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