Data Bridge Market Research analyses that the internet of things (IoT) in manufacturing market, valued at USD 24.65 billion in 2022, will reach USD 95.98 billion by 2030, growing at a CAGR of 18.52% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The global Internet of Things (IoT) in Manufacturing Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Internet of Things (IoT) in Manufacturing market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Top Companies in the Global Internet of Things (IoT) in Manufacturing Market:
Cisco Systems, Inc. (U.S.), Siemens (Germany), ABB (Switzerland), Huawei Technologies Co., Ltd (China), Hitachi Vantara LLC (U.S.), Qualcomm Technologies, Inc. (U.S.), Rockwell Automation (U.S.), General Electric (U.S.), SAP SE (Germany), Microsoft (U.S.), Fujitsu (Japan), IBM (U.S.), Robert Bosch GmbH (Germany), Uptake Technologies Inc. (U.S.), Litmus Automation Inc. (U.S.), ClearBlade, Inc. (U.S.), Schneider Electric (France), Tech Mahindra Limited (India), Zebra Technologies Corporation (U.S.), Verizon (U.S.), among others.
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Market Segmentation:
The internet of things (IoT) in manufacturing market is segmented on the basis of components, software, deployment type, organizational size, connectivity, services, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Software
• Application Security
• Application Management
• Device Management
• Device Provisioning and Authentication
• Device Configuration Management
• Monitoring and Troubleshooting
• Data Management and Analytics
• Data Integration
• Data Security
• Data Migration
• Data Analytics and Visualization
• Metadata Management
• Data Governance
• Data Orchestration
• Monitoring
• Network Management
• Network Bandwidth Management
• Network Security Management
• Network Performance Monitoring and Management
• Network Configuration Management
• Smart Surveillance
• Central Monitoring Systems
• Video Analytics and Events
• Others
Application
• Predictive Maintenance
• Business Process Optimization
• Quality Management
• Cognitive Process and Operations Management
• Asset Tracking and Management
• Logistics and Supply Chain Management
• Real Time Workforce Tracking and Management
• Automation Control and Management
• Emergency and Incident Management
• Logistics and Supply Chain Management
• Inventory Management
• Business Communication
End User
• Process of Manufacturing
• Energy and Utilities
• Chemicals and Materials
• Food and Beverages
• Water and Waste Management
• Others
• Discrete Manufacturing
• Automotive
• Machine Manufacturing
• Semiconductors and Electronics and Communication Equipment
• Medical Devices
• Logistics and Transportation
• Industrial Equipment
• Aerospace and Defence
• Hi-tech Products
• Healthcare
• Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Market Dynamics:
Drivers
• Escalating need for industrial automation in the manufacturing sector
Industrial automation has grown significantly in the manufacturing sector. Through fierce consumer demand and market competition, producers are concentrating more on producing large quantities of high-quality products. Manufacturers could improve the consistency of their processes or products, boost productivity, lower direct labor costs and expenses, and produce higher-quality goods by using automation. Control systems, such as computers or robots, are used in industrial automation processes to monitor and manage tools and procedures.
• Low operational cost drives the market
The connected supply chain and smart manufacturing processes depend heavily on connected and smart products. Additionally, the introduction of inexpensive connected devices has made it possible for manufacturers to implement IoT technologies to reduce resource consumption and boost overall productivity. Additionally, because IoT applications have a low operational cost, many manufacturers prefer to integrate them into their products to increase efficiency while lowering costs.
Opportunities
• Demand for real-time asset monitoring is increasing
IoT in manufacturing is real-time asset monitoring, In addition, the need to predict asset and equipment failure and reduce unplanned downtime is growing, which is what drives IoT adoption in the manufacturing sector. Additionally, this approach supports real-time machine and device monitoring to avoid manufacturing flaws. In order to provide operational and business intelligence, for instance, Hitachi introduced Hitachi Video Analytics (HVA), which enabled the company to produce real-time alerts at public locations to lower risk. As a result, the global IoT in the manufacturing industry is creating a surge in large part by the increase in demand for real-time monitoring.
• Increased quantity of data centres
The internet of things is significantly enhancing manufacturing processes by utilizing intelligent sensors and actuators. To take advantage of IoT, must create solutions that can manage large amounts of unstructured data. Data centers are capable of processing such massive amounts of data; they can gather data sent by IoT-enabled devices, analyze it, and compile valuable information to aid in better decision-making regarding manufacturing operations.
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Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Internet of Things (IoT) in Manufacturing Market Size by Type and Application
– Regional Market Status and Outlook
– Internet of Things (IoT) in Manufacturing Market Analysis and Outlook
– Internet of Things (IoT) in Manufacturing Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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