Internet of Things (IoT) in Manufacturing Market is Valued at US$ 165.27 Billion in 2017 and will reach US$ 350.51 Billion by 2023, CAGR of 13.15%

Marketprognosis.com Publish a New Market Research Report On “Global Internet of Things (IoT) Market in Manufacturing - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Internet of Things (IoT) in Manufacturing Market:

The Global Internet of Things (IoT) in Manufacturing Market was valued at USD 165.27 Billion in 2017, and is expected to reach USD 350.51 Billion by 2023, witnessing a CAGR of 13.15% during the forecast period of 2018-2023. The scope of the report includes the spending on IoT hardware, software, and services, by the manufacturing industry.

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IoT device manufacturers are creating market opportunities, by creating proprietary ecosystem standards for IoT devices, which fall within their brand line, and then increasing switching costs, to eliminate threat from substitutes. The importance of global standards in the IoT environment is evident in the case of proprietary data formats. Data collection and analysis through IoT devices is a market worth billions of dollars by itself. The design of several IoT devices is such that, it is either incredibly hard to upgrade at a later stage, or the upgrade process is highly inconvenient to the users, leaving them perpetually vulnerable to cyber security threats. The lack of visibility into the internal workings of an IoT device, or the precise data streams they produce, create security vulnerability, where a user believes that a device is performing certain functions, when in reality, it might be performing unwanted functions or collecting more data than the user would prefer.

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The market for IoT in manufacturing is mainly dominated by North America. This region has developed economies like the United States and Canada, which are heavily investing in the research and development (R&D) activities related to the market, thus contributing to the development of new technologies. With the early adoption of trending technologies, such as Mobility, Big Data, IoT, and DevOps, manufacturers are eager to integrate IoT technologies into their processes.

Connected devices and data flows already finding their applications in manufacturing. Therefore, it is now possible to expected accelerated deliveries, as the cost of infrastructure is reduced. To stay competitive, manufacturers are leveraging IoT and analytics, to run and improve businesses. In the United States, about 35% manufacturers collect and use data generated from smart sensors, to enhance manufacturing processes.

Major Key Players:

1 Cisco Systems Inc.

2 General Electric

3 Intel Corporation

4 IBM Corporation

5 Verizon Communication Inc.

6 AT&T Inc.

7 Qualcomm

8 Siemens AG

9 Hitachi Data Systems

10 Microsoft Corporation and More………..

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Internet of Things (IoT) in Manufacturing Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Technology Snapshot

6 Global Internet of Things in Manufacturing Market - Segmentation

7 Competitive Intelligence - Company Profiles

8 Outlook of the Global Internet of Things in Manufacturing Market

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