IoT in Manufacturing Market is expand at a CAGR of 4.3% to reach USD 23.1 billion by 2031 - Robert Bosch GmbH, SAP SE, Software AG, Texas Instruments

The global IoT in Manufacturing Market was valued at 15.2 billion in 2021 and it is anticipated to grow up to USD 23.1 billion by 2031, at a CAGR of 4.3% during the forecast period.

To Remain 'Ahead' Of Your Competitors, Request for A Sample - https://www.globalinsightservices.com/request-sample/GIS20170

IoT in Manufacturing refers to the use of Internet of Things (IoT) technology in the manufacturing process. IoT technology can be used to connect various devices and machines in the manufacturing process, allowing for real-time data collection and analysis.

This data can be used to improve efficiency and quality control in the manufacturing process. Additionally, IoT-enabled machines can communicate with each other to coordinate production, further increasing efficiency.

Read More Report of IoT in Manufacturing Market: https://www.globalinsightservices.com/reports/iot-in-manufacturing-market/

Market Trends and Drivers

The growing awareness related to IoT-based production systems to gain optimization, management, and digital benefits is developing the IoT in manufacturing market. With the interconnection of various devices in the advanced internet infrastructure, these solutions offer high safety, efficiency, and product innovation benefits.

The increasing penetration of sensors, cloud computing, and robust internet across various sectors is adding up to the industry growth prospects.

Get a customized scope to match, your need ask an expert - https://www.globalinsightservices.com/request-customization/GIS20170

These components and services aid manufacturers in gaining real-time and crucial information for decision making & management. Moreover, several government initiatives in the countries including India, Italy, etc., for the development of the existing manufacturing sector and the introduction of intelligent solutions are expanding the industry.

For In-Depth Competitive Analysis, Purchase this Report - https://www.globalinsightservices.com/checkout/single_user/GIS20170

Global IoT in Manufacturing Market Segmentation

By Platform

Network Management
Device Management
Application Management

By Component

Hardware
Software
Services

By Technology

Sensor
RFID
Connectivity Technology
Others

By Industry

Machinery
Automotive
Food & Beverages
Pharmaceuticals
Others
Major Players in the Global IoT in Manufacturing Market

The key players in the market IBM, Microsoft, GE Digital, PTC, Persistent Systems, Robert Bosch GmbH, SAP SE, Software AG, Texas Instruments, and Zebra Technologies, among others. Players are trying to apply backward integration of hardware, software, and integration services, to integrate the entire IoT system deployment process. Key players are also focusing on providing solutions that cater to the growing demand of the manufacturing sector.

New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.