Press release
What's driving the IoT in Manufacturing Market trends? ABB Ltd., Bosch Software Innovations GmbH, Cisco Systems Inc., Dell Inc., General Electric, Hewlett Packard Enterprise, Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., IBM Co
IoT in Manufacturing Market
IoT in Manufacturing Market is set to exceed USD 150 billion by 2024; according to a new research report by Rising implementation of IoT in the manufacturing sector to gain control over the operations and the supply chain process is anticipated to drive the industry over the forecast timeframe. Increasing adoption of cloud platforms across various industries offer lucrative growth opportunities to the industry growth. The technology has a huge potential to enhance the visibility in industrial operations by gaining insights to every step of the production and supply chain process in real-time.
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Company Profiles
o ABB Ltd.
o Bosch Software Innovations GmbH
o Cisco Systems Inc.
o Dell Inc.
o General Electric
o Hewlett Packard Enterprise
o Hitachi Ltd.
o Honeywell International Inc.
o Huawei Technologies Co. Ltd.
o IBM Corporation
o Intel Corporation
o Microsoft Corporation
o NEC Corporation
o NXP Semiconductors
o PTC Inc
o SAP SE
o Telit Communications PLC
o Zebra Technologies
The virtual tracking of the firm assets, operations, processes, products and other resources enables businesses to have complete visibility resulting in streamlined process and optimizing the industrial demand and supply. Rising demand for improvising the operational efficiency followed by reduction in costs associated with various manufacturing process is expected to propel the IoT in manufacturing market growth.
Rising cyber-attacks across the industry is anticipated to challenge the IoT in manufacturing market growth. Enormous volume of data is generated from the devices making it vulnerable to breaches, raising concerns regarding data security & privacy. Lack of standards followed by the low number of skilled staffs will further hamper the demand.
Complexities associated with IoT network coupled with lack of sufficient resources are expected to boost the demand for managed services across the users. Businesses are currently focusing on managed services pertaining to the cost-effectiveness associated with such services coupled with their growing IT infrastructure. Usage of managed services helps the valuable resources of various enterprises to focus more on their core competencies generating more revenue.
Growing demand of the automotive IoT market is expected due to the rising implementation of advanced digital technologies in the vehicles to offer enhanced customer experience. Rising number of automotive OEMs from the emerging markets have intensified the competition in terms of quality and begin targeting the developed regions. Increasing competition and emerging customer demand are putting pressure on OEMs to provide innovative vehicle features that offer enhanced digital connectivity and attract younger consumers.
Asia Pacific IoT in manufacturing market is anticipated to witness growth owing to the emerging industrial sector in countries such as China, India, South Korea and Taiwan. The auto industry in India accounts for over 7% of India's GDP. Improving government framework, growing domestic industry, developing infrastructure and the Make in India initiative are attracting major investments in the auto sector which will allow the implementation of several digital technologies in the country driving the IoT demand. Moreover, rising consumer demand in the food & beverage sector in Asia Pacific require higher fulfilment agility that is resulting in rising demand of advanced technologies to have a proper real-time course correction and supply chain monitoring further, driving the IoT in manufacturing market.
Players in the IoT in manufacturing market include Huawei Technologies, Rockwell Automation, Siemens AG, Microsoft Corporation, IBM Corporation, Intel Corporation and Cisco Systems. Other prominent players include PTC Inc, Bosch GmbH, Schneider Electric and Zebra Technologies. The industry is witnessing entry of new players brining in innovations and advanced technologies resulting in increasing competition. High demand across various manufacturing facilities to streamline the business processes is anticipated to propel growth.
Internet of Things in manufacturing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
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IoT in Manufacturing Market, By Platform
Network Management
Device Management
Application Management
IoT in Manufacturing Market, By Technology
Sensor
RFID
Connectivity technology
Others
IoT in Manufacturing Market, By Component
Software
Data Management
Streaming Analytics
Security
Remote Monitoring
Bandwidth Management
Hardware
IoT in Manufacturing Market, By Service
Professional service
Managed service
IoT in Manufacturing Market, By Application
Machinery
Automotive
Food & beverage
Pharmaceutical
Others
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. IoT in manufacturing industry 360degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Platform trends
2.1.4. Technology trends
Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
Chapter 4. IoT in Manufacturing Market, By Platform
4.1. Global IoT in manufacturing market share by platform, 2016 & 2024
4.2. Network management
4.2.1. Market estimates and forecast, 2013 - 2024
Chapter 5. IoT in Manufacturing Market, By Technology
5.1. Global IoT in manufacturing market share by technology, 2016 & 2024
5.2. Sensor
5.3. RFID
5.4. Connectivity technology
5.5. Others
Chapter 6. IoT in Manufacturing Market, By Component
6.1. Global IoT in manufacturing market share by component, 2016 & 2024
6.2. Hardware
6.3. Software
Chapter 7. IoT in Manufacturing Market, By Service
7.1. Global IoT in manufacturing market share by service, 2016 & 2024
7.2. Professional services
7.3. Managed services
Chapter 8. IoT in Manufacturing Market, By Industry
8.1. Global IoT in manufacturing market share by industry, 2016 & 2024
8.2. Machinery
8.3. Automotive
8.4. Food & beverage
8.5. Pharmaceutical
8.6. Others
Chapter 9. IoT in Manufacturing Market, By Region
Chapter 10. Company Profiles
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