IoT in Manufacturing Market Top Key Industry Players: IBM Corporation, Intel Corporation, Microsoft Corporation, Cisco Systems, Siemens AG, Huawei Technologies

Market Overview: -

IoT in Manufacturing Market is expected to grow at over 20% CAGR to reach USD 150 billion by 2024. Increasing requirement to improve the operational competence and optimize costs related to various processes will propel the IoT in manufacturing market. The technology is capable to improvise the operational visibility across the manufacturing industry. This is credited to its capability of obtaining real-time insights into each step of the supply chain process along with the production line.

Increasing implementation of IoT solutions across the manufacturing sector to leverage control over the supply chain as well as the operations contributes to the IoT in manufacturing growth. In order to streamline the process, virtual tracking enables completes visibility of the firm operations, assets, processes and operations resulting in optimized industrial supply & demand. Furthermore, surge in adoption of cloud deployment models across several industries provide impetus to the IoT in manufacturing market growth.

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Top Key Players: -

Companies operating in the IoT in manufacturing market include Microsoft Corporation, Siemens AG, IBM Corporation, Rockwell Automation, Bosch GmbH, Intel Corporation, Huawei Technologies, Cisco Systems, Inc., Schneider Electric, Zebra Technologies and PTC Inc. The industry players are increasingly focusing on improving the operational efficiency helping the users in terms of maintenance & operations, safety & security as well as production asset management.


Regional Segmentations: -

Asia Pacific IoT in manufacturing market is predicted to grow substantially over the forecast timeline. This is attributed to the emerging manufacturing sector in countries such as India, Taiwan, China and South Korea. The Indian automotive industry contributes over seven percent to the country’s GDP. Improving infrastructure and Make in India initiative are attracting potential investments in the automotive sector. Furthermore, growing trend of smart factories across the Asia Pacific region provide lucrative growth opportunities to the industry.

Partial Chapter of the Table of Content

Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Software providers
3.3.3. Technology providers
3.3.4. Service providers
3.3.5. System integrators
3.3.6. Vendor matrix
3.3.7. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing demand to enhance the operational efficiency in the U.S
3.6.1.2. Technological advancements in the U.S.
3.6.1.3. Rising government initiatives in China and India
3.6.1.4. Improving manufacturing sector in China and India
3.6.1.5. High demand across automotive sector in Europe
3.6.2. Industry pitfalls & challenges
3.6.2.1. Data security & privacy concerns
3.6.2.2. High implementation cost
3.6.2.3. Unavailability of skilled workforce
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis

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Software segment is anticipated to witness considerable growth in IoT in manufacturing market over the forecast timeframe. The growth is credited to the rising implementation of solutions such as data management & remote management software solutions. Industries located in manually inaccessible areas requiring remote monitoring solutions is expected to fuel the demand for software solutions.

Increasing adoption of these solutions across the automotive sector will propel the IoT in manufacturing market growth. It is attributed to the advantages such as anticipation & prevention of potential failure in the operations by optimizing the efficiency of equipment & assets in a cost-effective manner. Emerging trend of connected automotive coupled with increasing use of improvised digital technologies in vehicles is expected to offer opportunities to the IoT in manufacturing market. Intensified competition coupled with the rising customer demand are leading the OEMs to offer improvised digital connectivity & advanced vehicle features.

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