Market Overview:
The global IoT in manufacturing market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for industrial equipment, electronic products, and communications equipment. Additionally, the growing trend of Industry 4.0 is also contributing to the growth of this market. The global IoT in manufacturing market can be segmented on the basis of type into network management, data management, device management, and application management. The network management segment is expected to hold a major share of the global IoT in manufacturing market during the forecast period owing to its ability to manage large-scale networks efficiently and effectively.
Product Definition:
IoT is the acronym for Internet of Things. The IoT is the network of physical objects, devices, vehicles and other items embedded with electronics, software, sensors and network connectivity that enables these objects to collect and exchange data. The IoT allows objects to be sensed or controlled remotely across existing networks, creating opportunities for more efficient operations and enhanced customer experiences. In manufacturing settings, the use of IoT-enabled devices can help improve quality control processes, increase production efficiencies and create new product offerings.
Network Management:
Network management is a set of tools and techniques that are used to monitor, configure, operate and maintain the network infrastructure. The need for monitoring the network in real-time has increased owing to an increase in data traffic over the networks. Network management provides information about errors, status of ongoing tasks and events as well as other useful information regarding the overall performance of a system or enterprise. It also helps enterprises optimize their IT spending by reducing operational costs through effective utilization of available resources.
Data Management:
Data management is the process of organizing, storing, and retrieving information. It helps in enhancing operational efficiency by providing tools that help to analyze data for making better business decisions. In recent times, there has been a tremendous rise in data volume due to increased use of social media and smartphones which has led to generation of large volumes of unstructured data. This type of information needs proper organization and storage so that it can be effectively used by the organization for its growth purposes.
Application Insights:
The market is segmented by application into industrial equipment manufacturing, electronic products, communications equipment manufacturing, chemical, material equipment manufacturing and food & agricultural equipment manufacturing. The industrial equipment Manufacturing sector dominated the market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for automation in heavy industries such as oil & gas and power generation. Moreover, growing adoption of IoT solutions across various applications including smart factories and connected trucks are further driving growth.
The use of IoT solutions has increased significantly across all industry verticals especially in recent times due to its benefits which include asset optimization through remote monitoring & control along with substantial cost reduction opportunities for manufacturers owing to reduced maintenance costs along with time savings on site by way of reducing travel time between locations or departments within a company as well as between companies thereby boosting the growth rate of this market over the forecast period.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing adoption of automation and connected devices across various industries, such as manufacturing, oil & gas, and utilities. Moreover, rising investments by prominent players in IoT-based solutions for industrial applications are anticipated to drive regional demand over the next eight years.
Asia Pacific is estimated to emerge as the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing its developing infrastructure and growing adoption of smart devices coupled with advanced technologies such as Industry 4.0., artificial intelligence (AI), robotics, nanotechnology etc.
Growth Factors:
- Increased demand for smart, connected products and services
- Proliferation of low-cost sensors and wireless connectivity technologies
- Advances in data analytics, artificial intelligence (AI), and machine learning
- Growing number of industrial IoT platforms and applications5. Emergence of Industry 4.0/IIoT standards
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT in Manufacturing Market Research Report
By Type
Network Management, Data Management, Device Management, Application Management
By Application
Industrial Equipment Manufacturing, Electronic Products, Communications Equipment Manufacturing, Chemical, Material Equipment Manufacturing, Food, Agricultural Equipment Manufacturing, Other
By Companies
PTC INCORPORATION, CISCO SYSTEMS, GENERAL ELECTRIC, IBM, SAP SE, ZEBRA TECHNOLOGIES, ROCKWELL AUTOMATION, SIEMENS, HUAWEI, MICROSOFT, BOSCH SOFTWARE INNOVATIONS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global IoT in Manufacturing Market Report Segments:
The global IoT in Manufacturing market is segmented on the basis of:
Types
Network Management, Data Management, Device Management, Application Management
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Equipment Manufacturing, Electronic Products, Communications Equipment Manufacturing, Chemical, Material Equipment Manufacturing, Food, Agricultural Equipment Manufacturing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PTC INCORPORATION
- CISCO SYSTEMS
- GENERAL ELECTRIC
- IBM
- SAP SE
- ZEBRA TECHNOLOGIES
- ROCKWELL AUTOMATION
- SIEMENS
- HUAWEI
- MICROSOFT
- BOSCH SOFTWARE INNOVATIONS
Highlights of The IoT in Manufacturing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Network Management
- Data Management
- Device Management
- Application Management
- By Application:
- Industrial Equipment Manufacturing
- Electronic Products, Communications Equipment Manufacturing
- Chemical, Material Equipment Manufacturing
- Food, Agricultural Equipment Manufacturing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT in Manufacturing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT in Manufacturing is the use of sensors and other devices to collect data from machines and equipment, which can then be used to improve efficiency or manage risks. This technology can be used in a variety of industries, including manufacturing, agriculture, transportation, and energy.
Some of the key players operating in the iot in manufacturing market are PTC INCORPORATION, CISCO SYSTEMS, GENERAL ELECTRIC, IBM, SAP SE, ZEBRA TECHNOLOGIES, ROCKWELL AUTOMATION, SIEMENS, HUAWEI, MICROSOFT, BOSCH SOFTWARE INNOVATIONS.
The iot in manufacturing market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT in Manufacturing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT in Manufacturing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT in Manufacturing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT in Manufacturing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT in Manufacturing Market Size & Forecast, 2020-2028
4.5.1 IoT in Manufacturing Market Size and Y-o-Y Growth
4.5.2 IoT in Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Network Management
5.2.2 Data Management
5.2.3 Device Management
5.2.4 Application Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Equipment Manufacturing
6.2.2 Electronic Products
6.2.3 Communications Equipment Manufacturing
6.2.4 Chemical
6.2.5 Material Equipment Manufacturing
6.2.6 Food
6.2.7 Agricultural Equipment Manufacturing
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT in Manufacturing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT in Manufacturing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Network Management
9.6.2 Data Management
9.6.3 Device Management
9.6.4 Application Management
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Equipment Manufacturing
9.10.2 Electronic Products
9.10.3 Communications Equipment Manufacturing
9.10.4 Chemical
9.10.5 Material Equipment Manufacturing
9.10.6 Food
9.10.7 Agricultural Equipment Manufacturing
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Network Management
10.6.2 Data Management
10.6.3 Device Management
10.6.4 Application Management
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Equipment Manufacturing
10.10.2 Electronic Products
10.10.3 Communications Equipment Manufacturing
10.10.4 Chemical
10.10.5 Material Equipment Manufacturing
10.10.6 Food
10.10.7 Agricultural Equipment Manufacturing
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Network Management
11.6.2 Data Management
11.6.3 Device Management
11.6.4 Application Management
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Equipment Manufacturing
11.10.2 Electronic Products
11.10.3 Communications Equipment Manufacturing
11.10.4 Chemical
11.10.5 Material Equipment Manufacturing
11.10.6 Food
11.10.7 Agricultural Equipment Manufacturing
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Network Management
12.6.2 Data Management
12.6.3 Device Management
12.6.4 Application Management
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Equipment Manufacturing
12.10.2 Electronic Products
12.10.3 Communications Equipment Manufacturing
12.10.4 Chemical
12.10.5 Material Equipment Manufacturing
12.10.6 Food
12.10.7 Agricultural Equipment Manufacturing
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Network Management
13.6.2 Data Management
13.6.3 Device Management
13.6.4 Application Management
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Equipment Manufacturing
13.10.2 Electronic Products
13.10.3 Communications Equipment Manufacturing
13.10.4 Chemical
13.10.5 Material Equipment Manufacturing
13.10.6 Food
13.10.7 Agricultural Equipment Manufacturing
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT in Manufacturing Market: Competitive Dashboard
14.2 Global IoT in Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PTC INCORPORATION
14.3.2 CISCO SYSTEMS
14.3.3 GENERAL ELECTRIC
14.3.4 IBM
14.3.5 SAP SE
14.3.6 ZEBRA TECHNOLOGIES
14.3.7 ROCKWELL AUTOMATION
14.3.8 SIEMENS
14.3.9 HUAWEI
14.3.10 MICROSOFT
14.3.11 BOSCH SOFTWARE INNOVATIONS
