Leveraging Data Analytics For Informed Decision-Making And Business Growth Trend: A Crucial Influence on the IoT in Manufacturing Market's Transformation in 2025

What Is the Expected Size and Growth Rate of the IoT in Manufacturing Market?
The market for IoT in manufacturing has seen swift expansion in the last few years. The market which was valued at $286.53 billion in 2024 is projected to escalate to $334.78 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.8%. The remarkable growth during the historic period was driven by several factors such as industry 4.0 revolution, cost-effectiveness, preventive maintenance, supply chain enhancement, and quality control.

In the coming years, the market size of IoT in manufacturing is projected to witness substantial growth, escalating to $630.32 billion by 2029 with a CAGR of 17.1%. This anticipated augmentation during the prediction period is mainly due to factors such as 5g connectivity, edge computing, AI and machine learning, as well as customization, personalization, and sustainability. Key trends expected during this period encompass digital twins, cybersecurity measures, remote monitoring and control systems, collaborative robots (cobots), and smart factories.

What Factors Are Fueling Growth in the IoT in Manufacturing Market?
The growth of the IoT market is being fueled by its application across numerous sectors, including the automotive industry. The introduction of IoT to this sector has paved the way for new possibilities and benefits for both car manufacturers and users around the world. IoT's multifunctionality has turned it into a sought-after solution for many applications within the automotive field, offering better control, communication, and data transmission at any stage of transportation. Big corporations such as Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are making significant investments in the development of intelligent cars equipped with numerous features aimed at providing safer, more effortless, and more enjoyable drives. As per UBS, it's projected that by 2030, 12% of the total car sales will be driverless taxis, with an estimated 26 million autonomous taxis in operation globally.

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Which Leading Companies Are Shaping the Growth of the IoT in Manufacturing Market?
Major companies operating in the IoT in manufacturing market include Microsoft Corporation, SAP SE, Robert Bosch GmbH, International Business Machines Corporation, Cisco Systems Inc., General Electric Company, Huawei Technologies Co. Ltd., PTC Inc., Zebra Technologies Corporation, Siemens Aktiengesellschaft, Rockwell Automation Inc., Wind River Systems Inc., Schneider Electric SE, ClearBlade Inc., Mocana Corporation, Impinj Inc., Uptake Technologies Inc., PalleTech LLC, ELMODIS Sp. z o.o., Water.IO Inc., SensEye LLC, ARCSTONE Pte. Ltd., SupraControl Technologies Inc., Software AG, Texas Instruments Incorporated, Hitachi Ltd., Konux GmbH, Honeywell International Inc., Intel Corporation, ABB Ltd., Mitsubishi Electric Corporation, Fujitsu Limited, accenture* plc, Oracle Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Amazon Web Services Inc., Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation

What Are the Major Trends Shaping the IoT in Manufacturing Market?
IoT devices gather significant amounts of varied data. The profitable usage of this data for corporations can be maximized through effective management and analysis. Key areas, including time series data accuracy, predictive and sophisticated analytics, data compilation, and real-time geospatial and location data can be optimized with the help of data analytics. For instance, well-established cloud companies such as Amazon, Microsoft, and Google are intensifying their use of data analytics to enhance their businesses. Simultaneously, multiple firms are intending to boost their market shares using AI algorithms that tap into machine learning and deep learning. This approach will help businesses extract more worth from growing data quantities and facilitate more educated decisions.

What Are the Key Segments of the IoT in Manufacturing Market?
The IoT in manufacturing market covered in this report is segmented -

1) By Component: Solution, Platform, Service
2) By Vertical: Energy And Utilities, Automotive, Food And Beverages, Aerospace And Defense, Chemicals And Materials, High-Tech Products, Healthcare
3) By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform
4) By Application: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management

Subsegments:
1) By Solution: Hardware, Software
2) By Platform: IoT Platform, Cloud Platform, Edge Computing Platform
3) By Service: Professional Services, Managed Services

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Which Region Dominates the IoT in Manufacturing Market?
Asia-Pacific was the largest region in the IoT market in 2023. North America was the second largest region in the IoT market. The regions covered in the iot in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The IoT in Manufacturing Global Market Report?

- Market Size Analysis: Analyze the IoT in Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT in Manufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IoT in Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT in Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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