Blockchain Press Releases
IIoT Platform Market worth $18.2 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 26, 2023 /PRNewswire/ — The IIoT Platform Market has a bright future thanks to its continuing industry expansion and integration with edge computing, artificial intelligence, and machine learning. The development of IIoT platforms and the advancement of industrial operations will be shaped by improved security, interoperability, and industry-specific solutions as well as cooperation and collaborations.
The IIoT Platform Market size is projected to grow from USD 9.5 billion in 2023 to USD 18.2 billion in 2028, at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the Industrial IoT (IIoT) platform market is primarily driven by the increasing demand for operational efficiency, advancements in IoT technologies, and a strong emphasis on safety and security. Industries are adopting IIoT platforms to optimize processes, leverage technological advancements, and enhance safety measures. With real-time data collection and analysis, businesses can make data-driven decisions, improve productivity, and mitigate risks.
Browse in-depth TOC on “IIoT Platform Market“
200 – Tables
50 – Figures
270 – Pages
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Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Billion) |
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Segments covered |
Offering, Application Area, Vertical, and Regions. |
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Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
|
Companies covered |
Software AG (Germany), PTC (US), Hitachi (Japan), IBM (US), Microsoft (US), Cisco (US), Intel (US), SAP (Germany), Siemens AG(Germany), Accenture (US), Atos (France), Amazon Web Services (US) and many more. |
Based on offering, the services segment to grow at a higher CAGR during the forecast period
The services segment of the global IIoT Platform Market comprises consulting services, system integration and deployment services, and support and maintenance services. The service segment is driven by the complexity of implementation, customization requirements, integration with legacy systems, maintenance and support needs, data analytics and insights, security and cybersecurity concerns, training and skill development requirements, and the need for scalability and upgradability.
Based on platform, the device management platform segment is expected to lead the market during the forecast period
is driven by the need to manage the growing number of connected devices, enable remote monitoring and control, streamline firmware and software updates, facilitate device configuration and provisioning, enhance security and compliance, enable asset tracking and inventory management, provide device analytics and performance monitoring, and ensure scalability and interoperability within the IIoT ecosystem.
Based on services, the support and maintenance segment is expected to grow at a higher CAGR during the forecast period
The support and maintenance service segment in the IIoT Platform Market is driven by the complexity of IIoT systems, the need for technical expertise, the continuous improvement of platforms, the requirement for high reliability and minimal downtime, security and risk mitigation, compliance and regulatory adherence, and performance optimization
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Based on application area, the supply chain management segment is expected to grow at a higher CAGR during the forecast period
Supply chain management segment in the IIoT Platform Market is driven by the need for enhanced visibility, operational efficiency, real-time decision-making, inventory optimization, supply chain visibility and traceability, supply chain resilience and risk mitigation, collaboration and integration among stakeholders, and sustainability considerations..
Based on vertical, the process industry segment is expected to lead the market during the forecast period
The process industry segment in the IIoT Platform Market is driven by the need for operational efficiency, asset performance optimization, regulatory compliance and safety, quality control and traceability, supply chain integration and optimization, energy management and sustainability, and digital transformation initiatives
North America to hold the highest market size during the forecast period
IIoT platform is a steady-growing market in North America, which includes the US and Canada. North American industries, including manufacturing, energy, transportation, and healthcare, are increasingly adopting automation and digitalization to improve operational efficiency and competitiveness North America is known for its strong technological innovation and adoption. The region has a robust ecosystem of technology companies, startups, and research institutions focused on developing and advancing IIoT platforms. The continuous technological advancements drive the growth of the IIoT Platform Market by offering new capabilities, improved connectivity, and enhanced analytics for industrial applications.
Top Key Companies in IIoT Platform Market:
Major vendors operating in the IIoT Platform Market include Software AG (Germany), PTC (US), Hitachi (Japan), IBM (US), Microsoft (US), Cisco (US), Intel (US), SAP (Germany), Siemens AG(Germany), Accenture (US), Atos (France), Amazon Web Services (US), Oracle (US), Bosch.IO (US), Schneider Electric (France), Davra Networks (US), Eurotech (Italy), Altizon (US), QiO Technologies (UK), Litmus Automation (US), ROOTCLOUD (China), Augury (US), Braincube (France), UnifyTwin (US), and Samsara (US).
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Recent Developments:
- In March 2023, Accenture acquired Flutura, an internet of things (IoT) and data science services firm, for an undisclosed sum to boost the industrial AI services it sells under Applied Intelligence’s umbrella.
- In January 2023, PTC acquired ServiceMax a Service Execution Management company. The acquisition adds important field service management (FSM) capabilities to PTC’s closed-loop product lifecycle management (PLM) and digital thread offerings.
- In February 2022, Software AG acquired treamSets, a leader in data integration for the modern data stack. With this acquisition, Software AG adds a sizeable and fast-growing SaaS and subscription business that is growing rapidly.
- In March 2021, SAP acquired Signavio, one of the leaders in the enterprise business process intelligence and process management space. As a part of the acquisition, Signavio’s products become part of SAP’s business process intelligence portfolio and complement SAP’s holistic process transformation portfolio. As a result of the deal, SAP can help companies quickly understand, improve, transform and manage their business processes on a scale.
- In February 2021, Siemens, IBM, and Red Hat collaborated to use a hybrid cloud designed to deliver an open, flexible, and more secure solution for manufacturers and plant operators to increase the real-time value of industrial IoT data. Through the collaboration, Siemens Digital Industries Software will apply IBM’s open hybrid cloud approach, built on Red Hat OpenShift, to extend the deployment flexibility of MindSphere. This will enable customers to run MindSphere on-premise, unlocking the speed and agility in factory and plant operations and through the cloud for seamless product support, updates, and enterprise connectivity.
IIoT Platform Market Advantages:
- IIoT platforms enable the real-time monitoring and data collecting from a range of industrial equipment, sensors, and devices. To increase operational efficiency overall and to identify bottlenecks and optimize procedures, this data can be analyzed and utilized. Organizations may reorganize processes, cut down on downtime, and boost productivity by utilizing data-driven insights.
- With the use of real-time data and analytics, IIoT platforms may undertake predictive maintenance, a proactive approach to maintenance that foresees equipment failures or performance problems. Organizations may prevent unforeseen breakdowns, lower maintenance costs, and increase equipment uptime by scheduling maintenance chores in advance and keeping an eye on the health and performance of their machinery.
- IIoT platforms enable real-time monitoring of industrial environments, enabling the early discovery of safety risks, equipment problems, or anomalous situations. Organizations may reduce workplace accidents, save expensive damages, and maintain employee safety by quickly detecting and addressing possible risks.
- Organizations have access to a lot of real-time and archived data thanks to IIoT systems. Organizations can gain useful insights from this data by utilizing advanced analytics, machine learning, and artificial intelligence approaches. Decision-makers are given the tools they need to make wise decisions, streamline procedures, and spot untapped commercial potential.
- Industrial equipment and processes can be remotely monitored and managed using IIoT platforms. Due to this feature, businesses may manage and keep an eye on numerous sites or facilities from a central place without having to be present physically at each one. Remote control and access increase operational agility, cut travel expenses, and make it easier to react quickly to problems or emergencies.
- IIoT platforms can support cost optimization in a number of ways. Organizations may minimize maintenance costs, maximize asset utilization, and extend equipment lifecycles by enhancing operational efficiency, lowering downtime, and enabling predictive maintenance. IIoT systems can also aid in reducing waste, streamlining supply chain procedures, and optimizing energy consumption, all of which can lower costs overall.
Report Objectives
- To determine and forecast the global IIoT Platform Market by offering, application area, vertical, and region from 2023 to 2028, and analyse the various macroeconomic and microeconomic factors that affect market growth.
- To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
- To provide detailed information related to the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the IIoT Platform Market.
- To analyse each submarket with respect to individual growth trends, prospects, and contributions to the overall IIoT Platform Market.
- To analyse the opportunities in the market for stakeholders by identifying the high-growth segments of the IIoT Platform Market.
- To profile the key market players; provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market.
- To track and analyse competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the market.
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DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to renew its 10,000 USDT giveaway for P2P block trading users. The fresh round of Bybit P2P Block Trade Giveaway starts on May 8 until July 11, 2025 and comes with three tasks for specific user groups.
Exclusive on Bybit P2P, eligible users may register for the event, start their block trading journey, or become a P2P advertiser to unlock three prize pools.
Event period: May 8, 2025, 8AM UTC – Jul. 11, 2025, 11:59PM UTC
- New Users Exclusive: The first 20 new users will get to claim 175 USDT instantly by completing their first block trade.
- Existing Users: Users who trade 20,000 USDT or more in Block Trade (except existing Block Trade Advertisers) will get to share in a 3,500 USDT prize pool, with up to 100 USDT each in prizes up for grabs.
- Block Trade Advertisers Exclusive: A 3,000 USDT prize pool is reserved for Block Trade Advertisers—the first 20 eligible Block Trade Advertisers stand to earn 150 USDT when they trade at least 50,000 USDT.
Bybit’s P2P Block Trading platform enables private transactions of substantial volumes through Bybit’s intuitive interface. Customized for large digital asset purchases sales, the service streamlines regular order placements into a single order for bulk transactions, minimizing slippage and typically offering reduced fees on top of Bybit’s enterprise-grade security.
The marketplace presents earning potential for users with diverse cryptoholdings. With generous transaction limits ranging from 10,000 to 200,000 USDT per order, Bybit P2P Block Trading serves as a reliable solution for traders looking to scale up their P2P trading.
Rewards are on a first-come, first-served basis. Restrictions apply. For the detailed terms and conditions, users may visit: Bybit P2P Block Trade
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain
Blocks & Headlines: Today in Blockchain – May 9, 2025 | Robinhood, Solana, Tether, China, Women in Web3
Today’s blockchain landscape pulses with innovation, expansion and strategic jockeying. From established trading platforms laying the groundwork for international tokenized US asset markets to fresh efforts empowering women in Web3, the industry is evolving at frantic pace. Solana-based tokenization pathways, China’s state-driven blockchain masterplan and Tether’s push onto new Layer-1 rails further underscore diversification. In this daily op-ed, we unpack five major developments—examining what they mean for DeFi growth, NFT marketplaces, regulatory contours and the ongoing quest for greater inclusivity in crypto.
1. Robinhood’s European Blockchain Trading Ambitions
News Summary
Robinhood Markets Inc. is reportedly constructing its own blockchain infrastructure to facilitate trading of U.S. equities and other assets in European markets. Insiders suggest the project seeks to leverage distributed-ledger technology for settlement efficiency, near-real-time clearing and reduced reliance on legacy central counterparties. The move signals Robinhood’s ambition to transcend its domestic brokerage roots and capture European retail and institutional order flow.
Key Details
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Infrastructure Build: A private, permissioned ledger governed by Robinhood and selected counterparties.
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Asset Scope: U.S. equities, ETFs and potentially tokenized debt instruments.
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Regulatory Interface: Engagements with the U.K. Financial Conduct Authority (FCA) and European Securities and Markets Authority (ESMA) to align on custody and market-making rules.
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Timeline: Internal pilots slated for Q4 2025, with public rollout in mid-2026.
Analysis & Opinion
Robinhood’s pivot underscores a broader industry trend: exchanges and brokerages striving to “own the rails” rather than simply interface with existing clearinghouses. By internalizing settlement on a bespoke blockchain, Robinhood hopes to slash settlement times from T+2 to near-instant, a boon for liquidity providers and high-frequency traders. However, risks include the complexity of cross-border regulatory compliance and the operational challenge of maintaining robust on-chain and off-chain reconciliations.
From a DeFi convergence standpoint, Robinhood’s ledger could bridge traditional and decentralized finance, enabling tokenized margin lending and programmable corporate actions directly on-chain. Should Robinhood open permission to DeFi protocols, we may witness new hybrid liquidity pools that blend CEX order books with AMM liquidity. This would mark a milestone in mainstream DeFi adoption—and potentially pressure incumbents like Nasdaq to innovate their own on-chain settlement layers.
Source: Bloomberg
2. Women in Web3: Cultivating Greater Gender Diversity
News Summary
A recent deep-dive from Cointelegraph spotlights the persistent gender gap in blockchain and crypto. Despite Web3’s ethos of decentralization, women represent less than 20 percent of crypto investors and under 10 percent of core development teams. The article outlines initiatives—from targeted grants and incubation programs to mentorship networks—aimed at lowering barriers and attracting more female talent.
Key Details
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Current Statistics: Women account for approximately 17 percent of crypto traders globally; in development, the share dips below 8 percent.
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Notable Initiatives:
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Women in Blockchain Fund: USD 50 million allocated for early-stage female founders.
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Global Web3 Sisters Network: Mentorship platform pairing novices with veteran executives.
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University Partnerships: Scholarships for women studying blockchain engineering and cryptography.
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Analysis & Opinion
Web3’s promise of equal-opportunity innovation rings hollow if half the population remains sidelined. Heightened grant funding and mentorship can help, but systemic change requires cultural shifts within DAOs, core teams and investor circles. Projects and protocols must adopt policies—like blind code reviews, diversity hiring quotas and inclusive governance frameworks—to ensure sustainable participation.
Moreover, as the industry grapples with regulatory scrutiny, diverse leadership can foster better risk management and community trust. Women leaders have often been at the forefront of compliance, ethics and consumer protection—even in traditional finance—qualities sorely needed in crypto’s maturing phase. Token projects that embed gender-diverse advisory boards may see stronger reputational profiles and wider community buy-in.
Source: Cointelegraph
3. SOL Strategies: Tokenizing Shares on Solana
News Summary
SOL Strategies, a financial-services startup, is exploring a pathway to tokenize private and publicly traded shares on the Solana blockchain. Their recently filed whitepaper proposes a framework where equity is represented as SPL tokens, enabling fractional ownership, 24/7 trading and programmable dividend distributions.
Key Details
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Token Standard: Extension of Solana Program Library (SPL) with “Equity Token” schema.
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Custody Model: Licensed custodian holds underlying shares; token holders have legal claim via smart-contract link.
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Compliance Layer: On-chain KYC/AML middleware to restrict token transfers to approved wallets.
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Pilot Partners: Early engagements with two mid-cap European tech firms eyeing capital-raising via tokenization.
Analysis & Opinion
Tokenized equity stands to revolutionize capital markets by lowering minimum investment thresholds and unlocking global liquidity. On Solana, with its sub-second finality and low fees, fractional shares could trade seamlessly—outpacing Ethereum’s scalability challenges. Yet the critical hurdle lies in regulatory acceptance: will securities regulators view these tokens as bona fide equity or as unregistered securities?
SOL Strategies’ integrated custody approach could mollify regulators, replicating existing T+2 standards while enabling T+0 settlement on-chain. Should they secure regulatory sandbox approvals in the U.K. or Singapore, other blockchains—like Stellar and Polkadot—may race to develop similar tokenization toolkits. For DeFi protocols, tokenized equities could become collateral in lending pools, further intertwining traditional and decentralized finance.
Source: Newsfile Corp.
4. China’s Blockchain Playbook: Infrastructure, Influence & New Frontiers
News Summary
The Center for Strategic and International Studies (CSIS) published an extensive analysis of China’s state-driven blockchain strategy. Beyond its digital yuan rollout, Beijing is investing in cross-border infrastructure, influencing global standards bodies and forging Belt and Road blockchain corridors across Asia, Africa and Latin America.
Key Details
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Key Initiatives:
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BSN 2.0: Blueprint for national and international consortium chains.
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International Standards: Active lobbying in ISO/TC 307 for governance models favoring state-actors.
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Tech Diplomacy: Blockchain MOUs with Pakistan, Indonesia and several African union members.
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Strategic Goals: Extend digital yuan acceptance, export Chinese ledger tech, shape global governance.
Analysis & Opinion
China’s multi-pronged approach signals blockchain’s emergence as a theater of geopolitical competition. By undercutting SWIFT dependency and offering turnkey consortium-chain solutions, Beijing enhances its financial influence in Belt and Road countries. Western governments and multinationals must navigate this blockchain bifurcation—between open public rails and permissioned state-backed consortia.
For crypto projects, the CSIS report offers both caution and opportunity. While the digital yuan may corner state-aligned corridors, decentralized networks remain resilient by design. Projects focusing on interoperability—such as Polkadot bridges and Cosmos IBC—can link fragmented chains and preserve open value transfer. Investors should monitor on-chain metrics in emerging markets, as Chinese-backed consortium chains gain traction in cross-border trade finance.
Source: CSIS
5. Tether Expands Stablecoin Reach to 196 Million Users via Kaia
News Summary
Tether has launched USDT on the Kaia blockchain, bringing its flagship stablecoin to Kaia’s user base of approximately 196 million. Kaia, a burgeoning Layer-1 optimized for high-throughput mobile applications, opens new corridors for USDT in gaming, remittances and micro-trading in emerging markets.
Key Details
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Technical Integration: USDT issued as a native Kaia token, supported by Tether’s reserve-backing audit framework.
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User Impact: Near-zero fees for micro-transactions; sub-second confirmation times even on mobile networks.
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Partnership Scope: Integration with Kaia’s wallet SDK and gaming marketplace; joint launch of an educational DApp for fiat-on-ramp literacy.
Analysis & Opinion
By deploying on Kaia, Tether diversifies its blockchain footprint beyond Ethereum, Tron and Solana, underscoring a multi-chain thesis for stablecoin ubiquity. Emerging-market users—often plagued by volatile local currencies—stand to benefit immensely from a mobile-first, low-cost remittance rail. Moreover, Kaia’s developer incentives may spawn DeFi lending dApps collateralized by USDT, fueling localized credit markets.
Yet healthy competition among blockchains for stablecoin volume could concentrate risk: reserve transparency, network stability and regulatory compliance will differentiate winners. Tether’s public attestations and reserve audits are critical, but as US regulators intensify scrutiny on stablecoin giants, projects deploying on smaller chains may face fresh legal complexities around money-transmission licensing.
Source: Bitcoin.com
Conclusion & Key Takeaways
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Institutional On-ramp Acceleration: Robinhood’s European chain signals major brokerages view blockchain as core infrastructure—not mere gadget.
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Inclusivity Imperative: Women’s underrepresentation remains a blindspot; targeted grants and cultural reforms are needed for equal Web3 participation.
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Tokenization Tide: Solana’s high-speed rails may host the next wave of equity tokens, bridging capital markets and DeFi.
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Geopolitical Battlegrounds: China’s consortium chains and digital-yuan corridors illustrate how blockchain is reshaping global influence.
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Stablecoin Multichain Strategy: Tether’s Kaia integration reflects the logic of diversifying rails to reach underserved, mobile-first users.
As blockchain advances, the interplay between technological innovation, regulatory frameworks and social inclusion will define whether the next chapter of crypto fulfills its vision of open, equitable finance—or replicates old hierarchies in digital garb. Today’s headlines underscore that the path forward lies in cross-chain interoperability, proactive policy-shaping, and a relentless focus on broadening the community that stewards and benefits from these transformative networks.
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Blockchain Press Releases
MEXC Lists USD1, Accelerating Global Stablecoin Innovation with World Liberty Financial
VICTORIA, Seychelles, May 8, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced that it will list World Liberty Financial USD (USD1) in the Innovation Zone on May 9, 2025 (UTC). The USD1/USDT trading pair will also open at 08:00 on May 8, 2025 (UTC), and the MEXC Convert feature will be available from 09:00 on May 8, 2025 (UTC), offering users a seamless asset conversion experience. This listing expands the range of digital assets on the platform and further demonstrates MEXC’s commitment to advancing the global stablecoin ecosystem.
USD1: A New Era in Stablecoins and Financial Transparency
USD1 is World Liberty Financial (WLFI)’s stablecoin that provides secure and transparent digital asset services for global users. The stablecoin is backed 1:1 by the US dollar, with its reserve assets custodied by BitGo, held and subject to regular audits by third-party accounting firms to ensure transparency and stability. Currently, USD1 is deployed on both Ethereum and BNB Chain, with plans to expand to additional blockchains in the future to enhance interoperability.
Furthermore, USD1 has made significant strides in the decentralized finance (DeFi) ecosystem. For example, ListaDAO has launched a USD1 lending vault on BNB Chain, providing liquidity support for 20 million USD1. Renowned market maker DWF Labs has also deployed USD1 liquidity across multiple platforms, further enhancing its availability and market depth. According to the data from CoinMarketCap, USD1’s market capitalization has surpassed USD 2.12 billion, demonstrating strong market demand.
Special Promotion to Celebrate the Listing
To celebrate the successful listing of USD1, MEXC is launching a series of special offers to thank its users for their support. Starting May 8, 2025, at 08:00 (UTC), users can enjoy the following benefits:
- Zero Trading Fees: The USD1/USDT spot trading pair will have 0 trading fees.
- Zero Withdrawal Fees: Users will enjoy 0 withdrawal fees when withdrawing USD1.
MEXC Drives the Evolution of Stablecoins Through Ecosystem Empowerment
As a leading global cryptocurrency exchange, MEXC has earned the trust of 36 million users across 170+ countries worldwide, thanks to its fast token listing process, diverse asset offerings, deep liquidity, and robust security. At the same time, MEXC continues to empower quality projects and partners, actively promoting the healthy development of the global digital asset and stablecoin ecosystem.
Looking Ahead: A Shared Vision for the Future of Stablecoins
MEXC’s listing partnership with World Liberty Financial further drives innovation in the development of stablecoins. Looking ahead, MEXC will continue to strengthen its support for stablecoin projects, promoting the widespread adoption of stablecoins globally. At the same time, the platform will keep iterating its products and services to provide users with a more secure and seamless trading experience.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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