IoT In Manufacturing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021 - 2026

The Global market for IOT in manufacturing is forecast to reach $87.5 billion by 2025, growing at a CAGR of 5.4% from 2020 to 2025. The market growth is attributed to the factors such as growing demand of smart devices, technological developments, real time monitoring and others. Moreover, emergence of advanced data analytics and data processing is anticipated to boosts the market growth.

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Report Coverage

The report: “IOT in manufacturing market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the IOT in manufacturing market.?

By Solutions:?Application Security, Data Management and Analytics, Monitoring, Network Management, Other Software

By Services:?Professional services, Managed services

By connectivity:?Satellite Network, Cellular Network, RFID, NFC, Wi-Fi, and other Connectivity

By Application:?Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency and Incident Management, Logistics and Supply Chain Management, Inventory Management, and others?

By End Users:?Automotive, Food and beverages, Agriculture, Machinery equipment, Electrical and Electronics, Chemicals and Materials, Other?

By Geography:?North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), and ROW (Middle East and Africa)

Key Takeaways

• In developing countries construction of IT infrastructure is driving the sector. Increasing development of hyper scale facilities with a production capability of more than 50 MW would intensify the need for advanced business infrastructure globally in developing countries over the next few years.
• APAC region is anticipated to dominate the global IOT in manufacturing market in the forecast period 2020-2025 owing to growing digitization, technological developments, strategic collaborations and others.