According to a new market research report “IoT in Manufacturing Market by Solution (Network Management, Data Management, Device Management, Application Management, Smart Surveillance), Platform, Service (Professional and Managed), Application, Vertical Market, and Region – Global Forecast to 2022″, published by MarketsandMarkets, the IoT in manufacturing market size is projected to grow from USD 12.67 Billion in 2017 to USD 45.30 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 29.0% during the forecast period of 2017–2022.
Major forces driving IoT in manufacturing market are the growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure. The increasing need for agile production, operational efficiency, and control, and demand-driven supply chain and connected logistics are also expected to drive the market.
Browse and in-depth TOC on “IoT in Manufacturing Market”
91 – Tables
52 – Figures
178 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129197408
IoT consulting service is the fastest growing professional service in the IoT in manufacturing market during the forecast period
Consulting and advisory services play a significant role in achieving the zero trust security model through IoT in manufacturing. They provide strategic insights for the operational, organizational, and technological transformation to various verticals depending upon their requirements. Moreover, these services offer an innovative service-layer framework to help establish a next generation security architecture. They help organizations in planning and identifying technical aspects of IoT in manufacturing implmentation, thereby achieve the improved agility, security, and compliance.
Data management segment is expected to hold the largest market share in the IoT in Manuafacturing market during the forecast period
Data management is the most important solution in the IoT segment, as IoT devices produce large volumes of data. It poses a challenge for the providers to deal with efficiently. As devices and sensors integrate which results in large data volumes, legacy data management infrastructure and techniques will no longer be sufficient to fully influence IoT. These organizations embed data management into the devices and sensors generating data to facilitate a smooth and steady stream of information in manufacturing operation, thereby boosting the effeciency of manuafacturing operations.
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=129197408
North America is expected to contribute the largest market share in the IoT in manufacturing market during the forecast period
North America is expected to hold the largest market share and would dominate the IoT in manufacturing market from 2017 to 2022. This region has the major dominance with sustainable and well-established economies, empowering them to invest significant resources in the R&D activities, thereby contributing to the development of new technologies. Due to the early adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to integrate IoT technologies in their processes to automate the manufacturing operations to enhance efficiency and productivity. The start-up culture in North America is growing fast. Further, the advent of SMEs and increasing digitization in manufacturing by large enterprises drive the North American IoT in manufacturing market.
The major vendors in the IoT in manufacturing market include IBM (US), Cisco Systems (US), PTC (US), and General Electric (US).
Browse Adjacent Markets @ Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com