Press release
IoT in Manufacturing Market Forecast 2020-2027| With Impact Of Covid-19 By Top Leading Players- CISCO SYSTEMS, ABB, Huawei Technologies, IBM, GENERAL ELECTRIC
Market expectations for likely development openings have been mentioned clearly in this world class IoT in Manufacturing Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this IoT in Manufacturing Market report.
Global IoT in manufacturing market is set to witness a healthy CAGR of 30.57% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to growing adoption of innovative technologies and the increasing focus of companies in research and development activities.
Market Definition: Global IoT in Manufacturing Market
IoT refers to the expansion of internet connectivity to other physical devices and daily use objects which can be remotely monitored and controlled. It has the ability to transfer data over a network without any intervention or need of human. IoT in manufacturing can help business to create a new business opportunity for manufacturing. It helps in management of asset, workforce and inventory in an organization.
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Market Drivers:
Introduction of latest communication technology, is driving the growth of the market
Surge in the need of centralized monitoring system and predictive maintenance of the manufacturing infrastructure, drives the market growth
Rise in the adoption of the cloud environment, is driving the market growth
Introduction of data analytics and data processing, is driving the growth of the market
Demand driven supply chain and connected logistics, is fueling the growth of the market
Market Restraints:
Lack of standards for interconnectivity and interoperability, is hampering the growth of the market
Data Security and privacy concerns, is hindering the market growth
Risk of shadow IT, is restraining the market growth
Segmentation: Global IoT in Manufacturing Market
By Software
Application Security Software
Device Management
Device Provisioning and Authentication
Device Configuration Management
Monitoring and Troubleshooting
Data Management and Analytics Software
Data Integration
Data Security
Data Migration
Data Analytics and Visualization
Metadata Management
Data Governance
Data Orchestration
Monitoring Software
Central Monitoring System
Video Analytics and Events
Network Management
Network Bandwidth Management
Network Security Management
Network Performance Monitoring and Management
Network Configuration Management
Smart Surveillance
Others
By Connectivity
Satellite Network
Cellular Network
RFID
NFC
Wi-Fi
By Services
Managed Services
Infrastructure management Services
Security Management Services
Network management Services
Data Management Services
Device Management Services
Professional Services
IoT Consulting Services
Technology Consulting Services
Business Consulting Services
Operational Consulting Services
IoT Infrastructure Services
Network Services
Deployment Services
Cloud Services
System Designing and Integration Service
Platform Development and Integration Services
Mobile and Web-Application Development Services
Support and Maintenance Services
Education and Training services
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By Application
Business Process Optimization
Predictive Maintenance
Asset Management
Workforce Management
Emergency and Incident Management
Logistics and Supply Chain Management
Inventory Management
Automation Control and Management
Business Communication
By End User
Energy and Utilities
Automotive
Food & Beverages
Aerospace and Defense
Chemicals and Materials
High-Tech Products
Healthcare
Others
By Geography
North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
Key Developments in the Market:
In July 2019, AT&T and IBM came into collaboration that will mix IBM's mastery in the endeavor with AT&T's organizing ability. AT&T Business will turn into IBM's essential supplier of SDN and IBM to support AT&T develops and moves its line of applications of business to IBM Cloud. AT&T will likewise utilize Red Hat's open source stage to oversee remaining tasks at hand and work together with IBM on multi-cloud capacities about IoT, edge processing, and 5G.
In March 2019, Rockwell Automation Inc., Panduit, and Cisco announced the launch of Manufacturing Advanced Technology Center (MATC), which will enable the companies in automotive, mining, food & beverage and cementing industries to establish their digital transformation by suing technologies like big data, cloud computing, IoT and process integration.
Competitive Analysis
Global IoT in manufacturing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT in manufacturing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global IoT in manufacturing market are CISCO SYSTEMS, INC, ABB, Huawei Technologies Co., Ltd., IBM Corporation, GENERAL ELECTRIC, PTC, Microsoft, Rockwell Automation Inc., SAP SE, Zebra Technologies Corp., Siemens, Verizon Wireless, Hitachi Vantara Corporation, Qualcomm Technologies, Inc., FUJITSU, Tech Mahindra Limited, Mooana, Schneider Electric, ClearBlade, Inc., Robert Bosch GmbH, Uptake Technologies Inc., Litmus Automation, Inc among others.
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The IoT in Manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to IoT in Manufacturing market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of IoT in Manufacturing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new IoT in Manufacturing market. These factors have benefited the growth of the global market for IoT in Manufacturing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
Reasons to Purchase this Report:
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 06: MARKET SIZING
Market definition
Market sizing 2021
Market size and forecast
PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
Global IoT in Manufacturing market by product
Comparison by product
Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Global IoT in Manufacturing market by distribution channel
Comparison by distribution channel
Global IoT in Manufacturing market by offline distribution channel
Global IoT in Manufacturing market by online distribution channel
Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
Global IoT in Manufacturing market by end-user
Comparison by end-user
PART 12: REGIONAL LANDSCAPE
Global licensed IoT in Manufacturing market by geography
Regional comparison
Licensed IoT in Manufacturing market in Americas
Licensed IoT in Manufacturing market in EMEA
Licensed IoT in Manufacturing market in APAC
Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 17: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Any Questions/Queries or Need Help or Want to Purchase this Report? Speak with Our Analyst: https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-iot-in-manufacturing-market
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