Press release
IoT in Process Manufacturing Market Outlook: Post Covid Investors eye bigger-than-expected | SAP SE, Intel, Microsoft, Zebra Technologies, Siemens AG
IoT in Process Manufacturing Market
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Summary
Global IoT in Process Manufacturing Market is valued approximately USD 1242.94 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.31% over the forecast period 2020-2027. The IOT in manufacturing refers to those devices and equipment that works together to collect and share real time information between machines and humans while manufacturing operations within an organization. It includes mechanical and electrical parts, advanced sensors, network connectivity architecture, controls, software application and smart devices. The global burden of COVID-19 will impact adversely towards the manufacturing units of various countries that will slow down the market growth over the upcoming period. Whereas, due to inherent offering and continuous advancement in IOT devices used in manufacturing process is driving the growth of market over the upcoming period.
In a manufacturing sector, IoT based industrial products offers real time data with the help of installed sensors to the user authority. It tracks current machine operation status and enables alerts of any possible failure or unplanned downtime. For instance: according to the study by Aruba Organization in 2018, over 68% of the business leaders in industrial sector use IoT for monitoring and maintenance and over 54% of business leaders prefer IoT for remote operation. Also, according to the General Electronics 2018, sector-wise break-up of manufacturing shows that dependency on industrial IoT applications is the highest in Power and energy sector with 64%, followed by aviation & aerospace and utilities that is 62% and 58% respectively. Thus, the global adoption of IoT in various manufacturing industries is driving the growth of market over the forecast years. In addition, increase in adoption of the cloud environment and advent of advanced communication technologies in the manufacturing sector is creating a lucrative opportunity for the growth of market over the forecast years.
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However, lack of standards for interconnectivity and interoperability are the factors hampering the market growth over the forecast period.
Major market player included in this report are:
PTC Inc., Cisco Systems Inc., IBM Corporation, General Electric Company, SAP SE, Intel Corporation Microsoft Corporation, Zebra Technologies, Siemens AG, Huawei Technologies Co., Ltd., Schneider Electric
The detailed segments and sub-segment of the market are explained below:
By Type:
Software
Services
By Application:
Predictive Maintenance
Asset Tracking & Inventory Management
Remote Monitoring & Control
Process Optimization
Supply Chain Management & Logistics
By Technologies:
Wi-fi
3G
4G
Bluetooth and BLE
Ethernet
By Region:
North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global IoT in Process Manufacturing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
TABLE OF CONTENTS
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global IOT in Process Manufacturing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IOT in Process Manufacturing Market Dynamics
3.1. IOT in Process Manufacturing Market Impact Analysis (2018-2026)
Chapter 4. Global IOT in Process Manufacturing Market Industry Analysis
Chapter 5. Global IOT in Process Manufacturing Market, by Type
Chapter 6. Global IOT in Process Manufacturing Market, by Technology
Chapter 7. Global IOT in Process Manufacturing Market, by Application
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2640895-global-iot-in-process-manufacturing-market-size-study-with-covid-19-impact-by-type
It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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