The global IoT in manufacturing market is expected to grow from $220.03 billion in 2020 to $237.59 billion in 2021 at a compound annual growth rate (CAGR) of 8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT in manufacturing market is expected to reach $451.51 billion in 2025 at a CAGR of 17.4%.
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The IoT in manufacturing market consists of sales of IoT enabled systems, devices and software in the manufacturing industry. The IoT in manufacturing market offers IoT-based solutions such as quality management, predictive maintenance, supply chain management and others with the help of IoT based systems and devices that enable interaction among machines, devices, and things in real-time. IoT in manufacturing includes IoT solutions in logistics and supply chain optimization, production flow monitoring, security and safety and others.
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The iot in manufacturing market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the iot in manufacturing market are Microsoft Corporation, SAP SE, Bosch Software Innovations GmbH, IBM Corporation, and Cisco Systems.
The global IoT in manufacturing market is segmented –
1) By Component: Solution, Platform, Service
2) By Vertical: Energy And Utilities, Automotive, Food And Beverages, Aerospace And Defense, Chemicals And Materials, High-Tech Products, Healthcare
3) By Services: Managed Services, Professional Services
4) By Solution: Network Management, Data Management, Device Management, Application Management, Smart Surveillance
5) By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform
6) By Application: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management
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The iot in manufacturing market report describes and explains the global iot in manufacturing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The iot in manufacturing report evaluates the market across each region and for the major economies within each region.
The countries covered in the global iot in manufacturing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global iot in manufacturing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- IoT in Manufacturing Market Characteristics
- IoT in Manufacturing Market Product Analysis
- IoT in Manufacturing Market Supply Chain
- Key Mergers And Acquisitions In The IoT in Manufacturing Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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