IoT In Manufacturing Market

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)

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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.

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Geography - Segment Analysis

APAC region is anticipated to have the significant market growth during the forecast period 2020-2025. The market growth is owing to growing digitization, industrialisation technological developments, growing data centres and others. Moreover the introduction of Industry 4.0 technologies that satisfy cost-efficiency, quality gains and minimized ecological impact criteria would dramatically fuel the growth of IOT smart technology frameworks. Digitization provides fresh opportunities for exploiting emerging technology and adapting quickly to developments in the industry, with network infrastructure serving a significant role. Higher usage of smartphones and other apps has been recorded, while cloud technology implementation has allowed linked factories to be incorporated. The manufacturing industry has changed tremendously in the last few years owing to the increasingly growing population and the variation in consumer demand. In September 2019, the GSMA APAC IOT partnership programme expanded to include more than thirty mobile operators making it the largest IOT community in the Asia Pacific region (APAC). The program enables operators and their collaborators including developers, suppliers and device integrators to exchange best practices, address issues, and advance IOT technology updates across the region.

Drivers – IOT in manufacturing market?

• Technological advancements

Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the IOT in manufacturing market. As of 2019, the market for IOT in manufacturing market is consolidated with the top players including Cisco Systems Inc.

Hitachi Ltd., IBM Corporation, Microsoft Corporation, PTC Inc., Robert Bosch GmbH, SAP SE, Software AG, Texas Instruments, Zebra Technologies and among others.

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