Global IoT in Manufacturing Market Valued at USD 52.2 Billion in 2022, Predicted to Grow at a CAGR of 12.3% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global IoT in Manufacturing market size accounted for USD 52.2 Billion in 2022, growing at a CAGR of 12.3% from 2023 to 2033. The Internet of Things (IoT) in manufacturing refers to the integration of internet-connected devices and sensors with manufacturing processes and systems to enable data collection, analysis, and automation. It involves the use of IoT technologies to enhance efficiency, productivity, and visibility in manufacturing operations. IoT devices and sensors can be deployed in manufacturing equipment to monitor their performance in real time. This enables manufacturers to track key parameters, identify potential issues, and schedule maintenance activities proactively. Predictive maintenance reduces unplanned downtime, optimizes equipment utilization, and extends the lifespan of machinery.
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Key Highlights:
• The global IoT in Manufacturing Market size was valued at USD 52.2 billion in 2022 growing at a CAGR of 12.3% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global IoT in Manufacturing Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the IoT in Manufacturing market report also includes the following data points:
• COVID19 Impact on IoT in Manufacturing market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in IoT in Manufacturing market
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Key Players
Some of the major IoT in Manufacturing players holding high market share include Cisco Systems Inc., Hitachi Ltd., IBM Corporation, and Microsoft Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Cisco Systems Inc.
• Hitachi Ltd.
• IBM Corporation
• Microsoft Corporation
• PTC Inc.
• Robert Bosch GmbH
• SAP SE
• Software AG
• Texas Instruments
• Zebra Technologies
Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of IoT in Manufacturing Market:
o Software
o Services
Market Segment By Application with focus on market share, consumption trend, and growth rate of IoT in Manufacturing Market:
o Predictive Maintenance
o Asset Performance Management
o Quality Management
o Cognitive Process & Operations Management
o Supply Chain Management
o Others
Parameters Details
Market Size (2022) $ 52.2 Billion
CAGR (2023 to 2033) 12.3%
Market Segmentation Component, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global IoT in Manufacturing Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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