Internet of Things in Manufacturing Market: Key Growth Trends, Opportunities, and Forecast by 2024

The Internet of Things in Manufacturing Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Internet of Things in Manufacturing Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global IoT in manufacturing market size was valued at USD 27.8 billion in 2018 and is projected to reach USD 452.27 billion by the end of 2032, exhibiting a CAGR of 22.1% during the forecast period. The North America dominated the IoT in manufacturing market with a share of 44.12% in 2018.

Recent industry developments are;

• Robert Bosch GmbH collaborated with Huawei Technologies Co. to develop cloud-based IoT services. This collaboration was completed to develop and deploy IoT based solutions and services in manufacturing plants.
• GE and Microsoft announced an expanded partnership. GE plans to standardize its Predix solutions on Microsoft Azure and will integrate the Predix portfolio with Azure’s cloud capabilities, including Azure IoT and Azure Data Analytics. The companies will co-sell and offer end customer premier Industrial IoT(IIoT) solutions across verticals.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

Cisco Systems, Inc., IBM Corporation, General Electric Company, Intel Corporation, Siemens AG, Microsoft Corporation, SAP SE, SOFTWARE AG, ZEBRA TECHNOLOGIES, HITACHI LTD.

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Internet of Things in Manufacturing Market Segmentation:

By Platform

• Device Management
• Application Management
• Network Management

By Software & Services

• Software Solution
  • Data Management
  • Streaming Analytics
  • Smart Surveillance
  • Remote Monitoring
  • Network Band Management
• Services

By Application

• Predictive Maintenance
• Asset Tracking and Management
• Logistics and Supply Chain Management
• Real-Time Workforce Tracking and Management
• Emergency and Incident Management
• Others (Business Process Optimization, Business Communication, etc.)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Internet of Things in Manufacturing Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Internet of Things in Manufacturing Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for automation and data-driven decision-making to enhance operational efficiency and productivity in manufacturing.
  • Technological advancements in IoT devices and connectivity solutions enabling real-time monitoring and predictive maintenance.
• Restraints:
  • High implementation costs and complexity associated with integrating IoT systems into existing manufacturing processes.
  • Concerns regarding data security and privacy risks associated with increased connectivity and data exchange.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Internet of Things in Manufacturing Market Regional Segmentation:

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
• Latin America (Brazil, Mexico, and Rest of Latin America)

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