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IoT in Process Manufacturing Market Aims to Expand at Double-Digit Growth Rate

06-03-2020 08:54 AM CET | IT, New Media & Software

Press release from: HTF Market Intelligence Consulting Pvt. Ltd.

IoT in Process Manufacturing Market

IoT in Process Manufacturing Market

A new research document is added in HTF MI database of 200 pages, titled as 'Global IoT in Process Manufacturing Market Size study with COVID-19 impact, by Type (Software and Services), by Application (Predictive maintenance, Asset Tracking & Inventory management, Remote monitoring & control, process optimization and supply chain management & logistics), by Technologies (Wi-fi, 3G, 4G, Bluetooth & BLE and Ethernet) and Regional Forecasts 2020-2026' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Asia Pacific, Latin America, Rest of the World and important players/vendors such as PTC Inc., Cisco Systems Inc., IBM Corporation etc. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2020-2026.

Access sample report @ https://www.htfmarketreport.com/sample-report/2640895-global-iot-in-process-manufacturing-market-size-study-with-covid-19-impact-by-type

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. However, lack of standards for interconnectivity and interoperability are the factors hampering the market growth over the forecast period.

The regional analysis of global IoT in Process Manufacturing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable government initiatives and investment in the R&D of IoT in manufacturing solutions and services. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as increase in adoption of cloud environment and need for centralized monitoring & predictive maintenance of the manufacturing infrastructure would create lucrative growth prospects for the IoT in Process Manufacturing market across Asia-Pacific region.

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

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 objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. 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

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

Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/2640895-global-iot-in-process-manufacturing-market-size-study-with-covid-19-impact-by-type

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Million)
1.2.1. IOT in Process Manufacturing Market, by Region, 2018-2026 (USD Million)
1.2.2. IOT in Process Manufacturing Market, by Type, 2018-2026 (USD Million)
1.2.3. IOT in Process Manufacturing Market, by Application, 2018-2026 (USD Million)
1.2.4. IOT in Process Manufacturing Market, by Technologies, 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
2.2.1. Scope of the Study
2.2.2. Industry Evolution
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)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

Chapter 4. Global IOT in Process Manufacturing Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

Chapter 5. Global IOT in Process Manufacturing Market, by Type
5.1. Market Snapshot
5.2. Global IOT in Process Manufacturing Market by Type, Performance - Potential Analysis
5.3. Global IOT in Process Manufacturing Market Estimates & Forecasts by Type 2016-2026 (USD Million)
5.4. IOT in Process Manufacturing Market, Sub Segment Analysis
....Continued

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=2640895

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

About Author:
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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