The Global IoT in Manufacturing Market Report by The Business Research Company Covers IoT in Manufacturing Market Drivers And Restraints, IoT in Manufacturing Market Size, Major Players, And The Impact Of COVID-19 On The IoT in Manufacturing Market.
The IoT in manufacturing market consists of sales of IoT enabled systems, devices and software in the manufacturing industry. The IoT in manufacturing market offers IoT-based solutions such as quality management, predictive maintenance, supply chain management and others with the help of IoT based systems and devices that enable interaction among machines, devices, and things in real-time. IoT in manufacturing includes IoT solutions in logistics and supply chain optimization, production flow monitoring, security and safety and others.
Increasing need for customized products are expected to benefit the IoT in manufacturing market, as they enhance capabilities of manufacturers in discovering innovative ways to create customized products.
The global IoT in manufacturing market is expected to grow from $220.03 billion in 2020 to $237.59 billion in 2021 at a compound annual growth rate (CAGR) of 8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT in manufacturing market is expected to reach $451.51 billion in 2025 at a CAGR of 17.4%.
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Some IoT in manufacturing market trends include governance by Federal Communications Commissions. The IoT in manufacturing market is governed by the Federal Communications Commissions (FCC) that regulates the functioning of this market in the United States. The regulatory body also lays down certain rules for equipment testing, authorization and marketing of such devices, and also mandates compliance to these rules. The FCC Regulations and the California Senate Bill 327 break the split of regulations for the security of Internet of Things (IoT) devices. According to the California Senate Bill 327, manufacturer of any connected device should provide the device with reasonable security feature(s) to safeguard personal information from modification, unauthorized access, disclosure, destruction or use. According to the FCC regulations, companies in the manufacturing sector should formulate solutions for minimizing noise and interference among IoT devices.
Global IoT in manufacturing market segments include:
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 Services: Managed Services, Professional Services.
4) By Solution: Network Management, Data Management, Device Management, Application Management, Smart Surveillance.
5) By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform.
6) By Application: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The IoT in Manufacturing Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides IoT in manufacturing market overviews, analyzes and forecasts market size, share, IoT in manufacturing market players, IoT in manufacturing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The IoT in manufacturing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read IoT in Manufacturing Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Microsoft Corporation, SAP SE, Bosch Software Innovations GmbH, IBM Corporation, Cisco Systems, General Electric, Huawei, PTC Incorporation, Zebra Technologies, Siemens AG, Rockwell Automation, Wind River, Schneider Electric, Clearblade, Mocana, Impinj, Uptake, PalleTech, ELMODIS, Water.IO, SensEye, ARCSTONE, SupraControl, Zebra Technologies, Software AG, Texas Instruments, Hitachi Ltd., Konux, Robert Bosch GmbH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The IoT In Manufacturing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The IoT In Manufacturing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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