Press release
IoT in Manufacturing Market: Rising Need for Agile Production, Operational Efficiency and Control with Top Competitors like ABB, Cisco Systems Inc., General Electric, Huawei Technologies Co. Ltd and Global Forecast to 2025
Global IoT in Manufacturing Market
The report Global IoT in Manufacturing Market by key players highlights the essential market dynamics of Global IoT in Manufacturing Market sector. The efficiency of this segment has been studied deeply along with the noteworthy challenges and forthcoming growth opportunities and prospective. The report focuses in decision making abilities and supports to make effective counter strategies in order to achieve competitive advantage. Current market scenario of the segment and forecasts of the market situation have also been bounded in this market report.
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Company Share Analysis: Global IoT in Manufacturing Market
The report for global IoT in manufacturing market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Market Analysis: Global IoT in Manufacturing Market
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.
Major Market Competitors:
• ABB,
• Cisco Systems Inc.,
• General Electric,
• Huawei Technologies Co. Ltd,
• IBM,
• Microsoft Corporation,
• PTC, Rockwell Automation Inc.,
• SAP SE,
• Siemens AG,
• Zebra Technologies,
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Major Market Drivers & Restraints:
• Demand-driven supply chain and connected logistics
• Need for agile production, operational efficiency, and control
• Advent of advanced data analytics and data processing
• Increase in regulatory compliances
• Lack of standards for interconnectivity and interoperability
• Data security and privacy concerns
• Shadow IT risk
Market Segmentation: Global IoT in Manufacturing Market
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 service, the global IoT in manufacturing market is segmented into professional services, and managed services. The professional services segment is further sub segmented into Business consulting services, device and application management services, installation and integration services, IoT billing and subscription management, and M2M billing management.
On the basis of application, the global IoT in manufacturing market is segmented into predictive maintenance, business process optimization, asset tracking and management, logistics and supply chain management, real-time workforce tracking and management, automation control and management, and emergency & incident management, and business communication.
On the basis of vertical, the global IoT in manufacturing market is segmented into automotive manufacturing, industrial equipment manufacturing, electronics and communication equipment manufacturing, chemicals and materials equipment manufacturing, food and agriculture equipment manufacturing, and others.
On the basis of geography, the global IoT in manufacturing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
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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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