Press release
Internet of Things (IoT) in Manufacturing Market will reach USD 95.98 billion by 2030, growing at a CAGR of 18.52%, Size, Segments Analysis
The Internet of Things (IoT) is a system of interconnected gadgets that allows data transfer and communication through the use of embedded sensors. Applications for IoT in manufacturing include fleet management, connected operational intelligence, and real-time asset monitoring. Industrial applications of computers, such as manufacturing and energy management, are networked with connected sensors, instruments, and other devices under the umbrella of the "industrial internet of things" (IoT).View Detailed Report: https://www.databridgemarketresearch.com/reports/global-iot-in-manufacturing-market
IoT in manufacturing is a method of digital transformation that manufacturing businesses use to improve the productivity of their employees and machines. Critical production data are gathered using a network of sensors, and cloud and analytics software are then used to transform the data into information that can be used to make informed decisions about manufacturing operations. This IoT adoption allows manufacturing facilities to automate their processes, which lowers costs and shortens production times.
Data Bridge Market Research analyses that the internet of things (IoT) in manufacturing market, valued at USD 24.65 billion in 2022, will reach USD 95.98 billion by 2030, growing at a CAGR of 18.52% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Some of the major players operating in the internet of things (IoT) in manufacturing market are:
Cisco Systems, Inc. (U.S.)
Siemens (Germany)
ABB (Switzerland)
Huawei Technologies Co., Ltd (China)
Hitachi Vantara LLC (U.S.)
Qualcomm Technologies, Inc. (U.S.)
Rockwell Automation (U.S.)
General Electric (U.S.)
SAP SE (Germany)
Microsoft (U.S.)
Fujitsu (Japan)
IBM (U.S.)
Robert Bosch GmbH (Germany)
Uptake Technologies Inc. (U.S.)
Litmus Automation Inc. (U.S.)
ClearBlade, Inc. (U.S.)
Schneider Electric (France)
Tech Mahindra Limited (India)
Zebra Technologies Corporation (U.S.)
Verizon (U.S.)
Opportunities
Demand for real-time asset monitoring is increasing
IoT in manufacturing is real-time asset monitoring, In addition, the need to predict asset and equipment failure and reduce unplanned downtime is growing, which is what drives IoT adoption in the manufacturing sector. Additionally, this approach supports real-time machine and device monitoring to avoid manufacturing flaws. In order to provide operational and business intelligence, for instance, Hitachi introduced Hitachi Video Analytics (HVA), which enabled the company to produce real-time alerts at public locations to lower risk. As a result, the global IoT in the manufacturing industry is creating a surge in large part by the increase in demand for real-time monitoring.
Global Internet of Things (IoT) in Manufacturing Market Scope
The internet of things (IoT) in manufacturing market is segmented on the basis of components, software, deployment type, organizational size, connectivity, services, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Services
Solution/ Software
Software
Application Security
Application Management
Device Management
Device Provisioning and Authentication
Device Configuration Management
Monitoring and Troubleshooting
Data Management and Analytics
Data Integration
Data Security
Data Migration
Data Analytics and Visualization
Metadata Management
Data Governance
Data Orchestration
Monitoring
Network Management
Network Bandwidth Management
Network Security Management
Network Performance Monitoring and Management
Network Configuration Management
Smart Surveillance
Central Monitoring Systems
Video Analytics and Events
Others
Deployment Type
On Premises
Cloud
Organizational Size
SMEs
Large Enterprises
Connectivity
Satellite Network
Cellular Network
Radio-Frequency Identification (RFID)
Near-field Communication (NFC)
Wi-Fi
Services
Managed Services
Infrastructure Management Services
Security Management Services
Network Management Service
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 Services
Platform Development and Integration
Mobile and Web Application Development Services
Support and Maintenance Services
Education and Training Services
Application
Predictive Maintenance
Business Process Optimization
Quality Management
Cognitive Process and Operations Management
Asset Tracking and Management
Logistics and Supply Chain Management
Real Time Workforce Tracking and Management
Automation Control and Management
Emergency and Incident Management
Logistics and Supply Chain Management
Inventory Management
Business Communication
End User
Process of Manufacturing
Energy and Utilities
Chemicals and Materials
Food and Beverages
Water and Waste Management
Others
Discrete Manufacturing
Automotive
Machine Manufacturing
Semiconductors and Electronics and Communication Equipment
Medical Devices
Logistics and Transportation
Industrial Equipment
Aerospace and Defence
Hi-tech Products
Healthcare
Others
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
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