Title: IoT in Manufacturing Market Share, Size and Forecast By 2023
1IoT in Manufacturing Market
2 IoT in Manufacturing Market Analyst Review
The IoT in manufacturing global market is in its
growth phase, and is expected to witness average
growth rate of 13.1 during the forecast period,
due to technological advancements and various
machine-to-machine communication and cloud
computing initiatives
Rachita Rake
Research Analyst Allied Market Research
3 CURRENT AND FUTURE SCENARIO OF MARKET
- IoT in manufacturing market size was valued at
424 billion in 2016 and is expected to reach
994 billion by 2023. - The global IoT in manufacturing market growing at
a CAGR of 21.8 from 2018 to 2025. - The report includes in-depth analysis of
segmentation and sub-segmentation of the IoT in
manufacturing market. - Based on component, the market is bifurcated into
software and services, of which, IoT services has
made remarkable growth in the recent years. - Based on application, the market is divided into
predictive maintenance, asset performance
management, quality management, cognitive process
operations management, and supply chain
management.
4 TOP IMPACTING FACTORS TO MARKET GROWTH
The research offers an in-depth study of the
overall market size, sales, and forecast of the
market trends. It analyzes the scope of the
market, regional analysis, key segments, revenue
comparisons, and company profiles. The report is
an essential source of information for
stakeholders, business analysts, and entry-level
organizations to understand the market
growth. The recent developments in technology
and deployment of IoT technologies such as
virtual reality and augmented reality have
boosted the growth of the IoT in manufacturing
market. Moreover, increased number of internet
users, reduced costs of powerful controller
sensors, and rise in the government funding to
develop new IoT-based applications supplemented
the growth of the IoT in manufacturing market.
The rapid growth in communication technology
and bandwidth connectivity drives the IoT in
manufacturing market. The rise in smartphone
usage in the developing countries in the
Asia-Pacific regions will create lucrative
opportunities in the near future. According to
the report, the market has shown an inclination
toward cognitive process operations management,
which in turn boosted its CAGR of 16.9 in the
period of 2017 2023. The report includes the
detailed analysis of the market with respect to
regions such as North America, Europe,
Asia-Pacific, and LAMEA.
5 IoT in Manufacturing Market Segmentation
- By Application
- Predictive Maintenance
- Asset Performance Management
- Quality Management
- Cognitive Process Operations Management
- Supply Chain Management
- Others
- By Component
- Software
- Services
6 IoT in Manufacturing Market Segmentation
The report compares the revenue generated in each
region to understand the region-wise growth of
the market. The countries showed the inclination
toward IoT, which boosted the IoT in
manufacturing market by a CAGR of 14.1.
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7Based on component, the market is bifurcated into
software and services, of which, IoT services has
made remarkable growth in the recent years.
Based on application, the market is divided into
predictive maintenance, asset performance
management, quality management, cognitive process
operations management, and supply chain
management.
8 GEOGRAPHICAL OVERVIEW
- Based on region, global keystroke dynamics market
analyzed across North America, Europe,
Asia-Pacific, and LAMEA. - North America generated the highest revenue in
the global IoT in manufacturing market in 2016 - Asia-Pacific is expected to grow at the highest
CAGR, due to rise in ICT expenditure in South
Korea, Australia, Japan, and Singapore.
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9DOMINATING MARKET PLAYERS PROFILED IN THE STUDY
- Cisco Systems Inc.
- Hitachi Ltd.
- IBM Corporation
- Microsoft Corporation
- PTC Inc.
- Robert Bosch GmbH
- SAP SE
- Software AG
- Texas Instruments
- Zebra Technologies
10 A Report Titled IoT in Manufacturing Market
Global Opportunity Analysis and Industry
Forecast, 2017 - 2023 has been recently
published by Allied Market Research. It makes an
In-depth Analysis of current trends, drivers, and
restraining factors that affect Financial Ratios
relevant to the industry. Company profiles for
key vendors in business builds a comprehensive
picture of profitable opportunities from
Stakeholders Perspective. To Know More About IoT
in Manufacturing Market Global Opportunity
Analysis and Industry Forecast, 2017 -
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