Learn about the global IoT in manufacturing market through The Business Research Company, which provides information on IoT in manufacturing market size, IoT in manufacturing market drivers and restraints, IoT in manufacturing market players, the COVID-19 impact on the IoT in manufacturing market, and more.

The global IoT in manufacturing market size is expected to grow from $172.27 billion in 2021 to $209.44 billion in 2022 at a compound annual growth rate (CAGR) of 21.6%. The change in the IoT in manufacturing market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $397.86 billion in 2026 at a CAGR of 17.4%.

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.

Request A Sample For The Global IoT In Manufacturing Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2578&type=smp

The IoT in manufacturing market consists of sales of IoT enabled systems, devices and software in the manufacturing industry. The Internet of Things 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.

Global Iot In Manufacturing Market Segments Include:
By Component: Solution, Platform, Service

By Vertical: Energy and Utilities, Automotive, Food and Beverages, Aerospace and Defense, Chemicals and Materials, High-Tech Products, Healthcare

By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform

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.

The increasing use of Digital Twins implemented by manufacturing companies in providing IoT solutions is gaining traction in the IoT in manufacturing market. Digital Twin is a merge of virtual and physical world to create digital copies of an industrial product that can be used to run simulations prior to its manufacturing and deployment. Digital twins support industry 4.0 solutions such as automated root cause analysis, predictive maintenance, predictive quality, supply chain optimization, and inventory intelligence in the manufacturing industry. The technology enhances the accuracy of predictive AI applications, increases efficiency and safety of IoT solutions, optimizes production processes, and enables companies to have digital foot print of their product from its design stage to the deployment stage. It is estimated that more manufacturers will adopt this approach in the near future.

TBRC’s IoT in manufacturing market report covers:

Major Market Players: 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 and 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 (2016-21) and ten years forecast (2022-2026-2031)

The IoT In Manufacturing Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s IoT in manufacturing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

IoT Services Global Market Report 2022

IoT Security Global Market Report 2022

IoT Global Market Report 2022

Interested To Know More About The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read More About Us At https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: