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Top Strategy Future scope of IoT in Process Manufacturing Market 2019 new report share details industry growth, demand analysis, growth by Cisco Systems Inc., Hitachi Ltd, Microsoft Corporation

02-28-2019 10:08 PM CET | IT, New Media & Software

Press release from: qyreports

IoT in Process Manufacturing Market

IoT in Process Manufacturing Market

IoT has recently entered the manufacturing world, and this technology will change process manufacturing companies' internal processes, as well as the products and services they offer. The expansion of the overall global IoT for process manufacturing market relies on the health of local and international markets

The IoT in manufacturing market size is projected to grow from USD 12.67 Billion in 2019 to USD 45.30 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of +45% during the forecast period of 2019–2022. Major forces driving IoT in manufacturing market are the growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure. The increasing need for agile production

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The expansion of the overall global IoT for process manufacturing market relies on the health of local and international markets. Consequently, sales of these products have been largely seen in the world’s more advanced business epicenters: Europe, the U.S., China and Japan.

The vendor's bargaining power is high in the market because it can result in low product differentiation and high product quality. Due to the high growth rate and low supply gap, the market is expected to be highly competitive in major markets. Moreover, with high demand potential, new entrants' threats are expected to be low or moderate during the forecast period

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Key Players
• Cisco Systems Inc.
• Hitachi Ltd.
• IBM Corporation
• Microsoft Corporation
• PTC Inc.
• Robert Bosch GmbH
• SAP SE
• Software AG
• Texas Instruments
• Zebra Technologies

Manufacturing is a mature market that is growing at a low single–digit rate. Of the five products segments, pharmaceuticals and food will grow at the fastest rates. A push to expand healthcare in industrialized countries will lead to more drug use. The global expansion will continue, and food will be available in more locations. Competition is fierce in established market and increasing in less established ones, which will spark innovation and the use of technology for competitive advantage

IoT Process Manufacturing Technologies, by Type
IoT Software
IoT Platform
IoT Big Data
IoT Security

IoT Hardware
Sensors
Programmable Logic Controllers
Distributed System Controllers

IoT Networking
Wired Connections
Wireless Connections

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IoT Process Manufacturing, by End Use Market
Oil and Gas
Food
Pharmaceuticals and Life Science
Plastics
Metals

About Us
We at, QYReports, a leading market research report published accommodate more than 4,000 celebrated clients worldwide putting them at advantage in today’s competitive world with our understanding of research. Our list of customers includes prestigious Chinese companies, multinational companies, SME’s and private equity firms whom we have helped grow and sustain with our fact-based research. Our business study covers a market size of over 30 industries offering unfailing insights into the analysis to reimagine your business. We specialize in forecasts needed for investing in a new project, to revolutionize your business, to become more customer centric and improve the quality of output.

Contact:
QYReports
Jones John
(Sales Manager)
+91-9764607607
sales@qyreports.com
www.qyreports.com

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