Egypt IoT in Manufacturing Market to grow at a Significant Rate through 2026 – TechSci Research

Increasing demand for real-time asset monitoring and the digital transformation of industries is expected to drive the demand for Egypt IoT in Manufacturing market in the forecast period.
According to TechSci Research report, “Egypt IoT in Manufacturing Market By Component (Solutions, Services and Platforms) By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, Business Communication) By End-Use Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, Consumer Electronics, Healthcare, Others), By Region, Company Forecast & Opportunities, 2026”, The Egypt IoT in Manufacturing market is expected to witness significant growth in the forecast period. The growing use of automation in the manufacturing units reduces the chances of human error, lowers the labor cost and other associated expenses which in turn is influencing the growth of the IoT in manufacturing market. The expected roll-out of 5G technology and the growing internet penetration is enabling the local manufacturers to adopt the IoT solutions. Market players are investing huge amounts for technological up-gradation to improve the speed, flexibility, capacity, and reliability of the manufacturing process. IoT solutions collect the critical metrics, visualize the data in real-time, and aids in optimizing the results in the manufacturing units.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities in Egypt imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down and the shortage of workers led to the market decline. Disruption in the supply chain was observed which adversely affected the supply of raw materials. These factors are negatively impacting the growth of the IoT in manufacturing market.
However, rising security and privacy concerns may restrain the growth of the IoT in Manufacturing market in the forecast period.
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Egypt IoT in Manufacturing Market is segmented into component, application, end-use industry, regional distribution, and company. Based on the component, the market can be divided into solutions, services, and platforms. The solutions segment is expected to witness growth in the forecast period, 2022-2026. To increase the throughput and improve the manufacturing process the major players are deploying IT solutions in their industries. IoT in manufacturing solutions helps organizations automate their overall process and improve product quality. The adoption of solutions in the organization aids in reducing the infrastructure and operational costs and managing the end-to-end life cycle of their assets. Based on the solutions, the market can be divided into network management, data management, device management, application management, and smart surveillance. The smart surveillance segment is expected to witness the highest growth in the forecast period. Organizations are employing solutions to safeguard their assets and people. Smart surveillance system increases the visibility and provides the facility of the live video surveillance system. It can also provide the facilities like asset tracking, asset recovery, intrusion detection, real-time monitoring, amongst others.
Cisco, Valeo, Spime Sense Lab, Telecom Egypt, IBM, , SAP, Nokia, Ericsson, Honeywell, Fujitsu, Microsoft, Etisalat, Oracle, Huawei are the leading players operating in Egypt IoT in Manufacturing market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several IoT in Manufacturing service providers are coming up with their technologically advanced offerings.
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“Supportive government policies and initiatives to achieve Vision 2030 and develop Egypt as a sustainable technologically industrialized hub are expected to create lucrative opportunities for market growth. The growing adoption of industry 4.0 which provides the informed supply chains that are cost-effective in prominent industry verticals including electronics, leather, textiles, furniture, chemicals, amongst others is expected to fuel the demand of IoT in the manufacturing market. The growing industrialization and the high-end investments by the market players are expected to propel the growth of the IoT in manufacturing market in the forecast period, 2022-2026.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Egypt IoT in Manufacturing Market By Component (Solutions, Services and Platforms) By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, Business Communication) By End-Use Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, Consumer Electronics, Healthcare, Others), By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Egypt IoT in Manufacturing market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Egypt IoT in Manufacturing market.
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