Press release
IoT in Manufacturing Market is Forecasted to Reach US$ 111.21 Billion in 2029, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global IoT in manufacturing market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3242/IoT-in-manufacturing-market.html#form
Report Highlights:
Market Size in 2029: US$ 111.21 billion
Growth (CAGR): 11.4% during 2023-2029
Forecast Period: 2023-2029
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the IoT in Manufacturing Market:
The global IoT in manufacturing market is segmented based on component type, deployment mode type, organization size type, application type, vertical type, and region.
Based on component type - The services segment of the IoT in manufacturing market is expected to experience higher growth during the forecast period. Services are a crucial component of the IoT in manufacturing market, as they allow manufacturers to establish digitized and connected production processes with mass customization and self-configured, automated production lines. Services are deemed a vital component of the IoT in manufacturing market, as their primary objective is to streamline business operations and reduce manufacturing costs.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/3242/IoT-in-manufacturing-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America leads the IoT in the manufacturing market. This growth outlook is majorly attributed to the following-
• This region boasts developed economies, including the United States and Canada, that invest heavily in R&D related to the market, driving the development of new technologies. With the early adoption of cutting-edge technologies, such as mobility and Big Data, manufacturers are eager to incorporate IoT technologies into their processes.
• The Asia Pacific region is expected to exhibit the highest CAGR during the forecast period. The IoT manufacturing market in Asia-Pacific is poised for robust growth in the coming years due to the region's sustained economic expansion, rising young workforce, and growing use of smartphones and tablets for business purposes. This will drive the adoption of enterprise mobility solutions to secure and protect vital data. The primary driver of this growth in Asia-Pacific is the region's growing digitization and increasing automation in industries, coupled with government efforts to promote technology uptake across the region.
IoT in Manufacturing Market Drivers:
Some of the key drivers listed in the report are given below.
Increasing demand for automation in the manufacturing industry: In recent years, the manufacturing sector has experienced substantial growth in industrial automation. Due to intense market competition and customer demands, manufacturers are focused on producing high volumes of high-quality products. This has led them to concentrate on key areas such as production processes, asset monitoring, and asset maintenance.
Top Companies in the IoT in Manufacturing Market:
Stratview Research has identified the following companies as the top market players.
• Atos
• Cisco
• GE
• HCL
• Huawei
• IBM
• Impinj
• Intel
• Microsoft
• Oracle
• PTC
• Qualcomm
• Samsara
• SAP
• Schneider Electric
• Sciencesoft
• Siemens
• Software AG
• Telit
• Wind River
• Zebra Technologies
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the IoT in Manufacturing Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Artificial Intelligence in Manufacturing Market: https://www.stratviewresearch.com/3275/artificial-intelligence-in-manufacturing-market.html
• IoT Solutions Market: https://www.stratviewresearch.com/3231/iot-solutions-market.html
Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176h
About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT in Manufacturing Market is Forecasted to Reach US$ 111.21 Billion in 2029, Says Stratview Research here
News-ID: 3914588 • Views: …
More Releases from Stratview Research
Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports …
Stratview Research, a leading global market research firm, forecasts that the global Semiconductor Vacuum Valve market will grow at an annual rate of 6.7%, reaching US$ 1.0 billion by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3932/semiconductor-vacuum-valve-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 1.0 billion
• Growth Rate…
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview …
Stratview Research, a leading global market research firm, forecasts that the global Small Satellites market will grow at an annual rate of 2.2%, reaching US$ 7.7 billion by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1920/small-satellites-market.html#form
Key Report Highlights:
• Market Size by 2030: US$ 7.7 billion
• Growth Rate (CAGR):…
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratvi …
Stratview Research, a leading global market research firm, forecasts that the global Hard Body Armor market will grow at an annual rate of 3.2%, reaching US$ 2,271.2 million on by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3253/hard-body-armor-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 2,271.2 million
• Growth…
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratvie …
Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/853/3d-printing-powder-market.html#form
Key Report Highlights:
• Market Size by 2028: US$ 5.8 billion
• Growth Rate…
More Releases for IoT
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
