IoT in Manufacturing Market: Opportunity Analysis and Industry Forecast Upto 2022

Press Release   •   Jan 25, 2018 05:02 EST

Study papers on IoT in Manufacturing market and regional forecast. IoT in Manufacturing market players are PTC (US), Cisco Systems (US), General Electric (US), IBM (US), SAP (Germany), Zebra Technologies (US), Siemens (Germany), Huawei (China), Microsoft (US), Bosch (Germany), Schneider Electric (France), and Wind River (US).

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IoT in manufacturing market is expected to grow from USD 12.67 billion in 2017 to USD 45.30 billion by 2022, at a CAGR of 29.0% during the forecast period. Growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure, agile production, and operational efficiency, and increasing adoption of the cloud are some of the drives of the global IoT in manufacturing market. Advent of latest communication technologies, and demand-driven supply chain and connected logistics are expected to further aid the IoT in manufacturing market growth. Lack of standards for interconnectivity and interoperability, and growing concerns over data security and privacy may restrict the growth of the IoT in manufacturing market.

Target Audience:

  • IoT platform providers
  • IoT service providers
  • Communication service providers
  • Application providers
  • Managed service providers
  • Third-party system integrators
  • Hardware vendors
  • Regulatory agencies
  • Government

The APAC market is expected to witness significant growth and is projected to be the fastest growing region in the IoT in manufacturing market. APAC has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market. Governments in the APAC region are continuously investing in the R&D of IoT in manufacturing solutions and services. Expanding IT landscape is boosting the market growth in this region. In addition, increase mandate for regulatory compliance and advent of data analytics, and processing and intelligent machine applications are some of the growth drivers of the IoT in manufacturing market.

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Managed services are being rapidly adopted by developed countries, such as the US and Canada. Managed services play a huge role in the deployment of IoT in manufacturing solutions according to the client’s requirements. Managed services include all the pre- and post-deployment queries and needs of customers. These services may include planning, designing, testing, integrating, maintenance, and support. These services are mainly outsourced for on-time delivery, and reduction of capital and operating expenditures. Managed service vendors connect people across all business functions and regions, and provide them with relevant information related to intelligent design, operations, and maintenance, as well as higher quality of service and safety.

Competitive Landscape

1 Overview
2 Competitive Scenario
2.1 New Product Launches,
2.2 Mergers and Acquisitions
2.3 Partnerships and Collaborations
3 Market Ranking

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The report includes an in-depth competitive analysis of the key players in the IoT in manufacturing market along with their company profile, recent developments, and key market strategies. The report segments the IoT in manufacturing market by component (solution, platform, and services),application area, vertical market, and region.

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