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Global IoT in Manufacturing Market is Projected to Grow at a Highest CAGR of 28.01% by Regional Outlook, Latest Trend, Share Analysis, Current Market Scenario and Forecast to 2024
Press release from: Data Bridge Market Research
IoT is changing the business models, increasing output across a number of industries. But this technology has greatly impacted over manufacturing market. Manufacturing market is utilizing the IoT devices in order to improve overall productivity and efficiency.
The Global IoT in Manufacturing Market accounted for USD 6.23 billion in 2016 growing at a CAGR of 28.01% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global IoT In Manufacturing Market, By Geography; Software (Network & Application Security, Network Bandwidth Management, Remote Monitoring System, Data Management, Smart Surveillance); Platform (Device Management, Application Management, Connectivity Management); Service (Professional Services, Managed Services); Application; Vertical – Industry Trends and Forecast to 2024
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The global IoT in manufacturing market is segmented on the basis of software into network & application security, network bandwidth management, remote monitoring system, data management, and smart surveillance.
On the basis of platform, the global IoT in manufacturing market is segmented into device management platform, application management platform, and connectivity management platform.
On the basis of geography, the global IoT in manufacturing market report covers data points for 28 countries across multiple geographies…
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Major Market Competitors:
Some of the major players of the global IoT in manufacturing market are ABB, Cisco Systems, Inc., General Electric, Huawei Technologies Co. Ltd, IBM, Microsoft Corporation, PTC, Rockwell Automation, Inc., SAP SE, Siemens AG, Zebra Technologies, and others.
Major Market Drivers & Restraints:
• Demand-driven supply chain and connected logistics
• Need for agile production, operational efficiency, and control
• Lack of standards for interconnectivity and interoperability
• Data security and privacy concerns
• Shadow IT risk
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
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About Data Bridge Market Research:
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. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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