New ARC Advisory Group research on the Total Available Market (TAM) for Industrial Internet of Things (IIoT) Endpoint Devices confirms significant disparities in IIoT adoption rates for discrete versus process automation. This research, which quantifies market potential for IP-connected industrial automation endpoint devices from the perspective of installed base and retrofits as well as annual shipments, highlights how the differing prospects within these segments will impact overall IIoT potential.
“Discrete automation and OEM machinery applications in logic and motion control represent much greater potential from the perspective of annual shipments of IIoT endpoint devices,” according to Chantal Polsonetti, Vice President at ARC Advisory Group and key author of ARC’s Total Available Market for Industrial Internet of Things Endpoint Devices Global Market Research 2017-2022 report.
“We expect process automation installations to emphasize retrofits to their legacy installed equipment and processes. This will result in more activity at the network infrastructure tier, rather than at the endpoint device tier that resides below it, in order to incorporate legacy installations,” added Polsonetti.
About the Total Available Market for IIoT Endpoint Devices Research
This ARC research explores current market performance and related technology and business trends and provides five-year forecasts for the IIoT endpoint device market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes five-year market forecasts by discrete, process, and substation automation by device type from the perspective of both installed base and annual shipments. It is available as a concise Market Analysis Report in PDF format that covers the current market dynamics, market forecasts, and an overview of strategic issues.
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