IoT in Manufacturing Market refers to the expansion of internet connectivity to other physical devices and daily use objects which can be remotely monitored and controlled. It has the ability to transfer data over a network without any intervention or need of human. IoT in manufacturing can help business to create a new business opportunity for manufacturing. It helps in management of asset, workforce and inventory in an organization. Lack of standards for interconnectivity and interoperability, is hampering the growth of the market Data Security and privacy concerns, is hindering the market growth Risk of shadow IT, is restraining the market growth.
IoT in manufacturing market is set to witness a healthy CAGR of 30.57% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to growing adoption of innovative technologies and the increasing focus of companies in research and development activities.
Global IoT in Manufacturing Market By Software (Application Security, Device Management, Data Management & Analytics, Monitoring, Network, Smart Surveillance, Others), Connectivity (Satellite Network, Cellular Network, RFID, NFC, Wi-Fi), Services (Managed Services, Professional Services), Application (Business Process Optimization, Predictive Maintenance, Asset management, Workforce Management, Emergency & Incident Management, Logistics & Supply Chain Management, Inventory Management, Automation Control & Management, Business Communication), End User (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, Hi-tech Products, Healthcare, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2026
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Segmentation: Global IoT in Manufacturing Market:
By Software: Application Security Software, Device Management. Device Provisioning and Authentication, Device Configuration Management Monitoring and Troubleshooting Data Management and Analytics Software.
By Connectivity: Satellite Network, Cellular Network, RFID, NFC, and Wi-Fi
By Services: Managed Services, Infrastructure management Services, Security Management Services, Network management Services, Data Management Services, Device Management Services
Competitive Analysis:
Global IoT in manufacturing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT in manufacturing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In July 2019, AT&T and IBM came into collaboration that will mix IBM's mastery in the endeavor with AT&T's organizing ability. AT&T Business will turn into IBM's essential supplier of SDN and IBM to support AT&T develops and moves its line of applications of business to IBM Cloud. AT&T will likewise utilize Red Hat's open source stage to oversee remaining tasks at hand and work together with IBM on multi-cloud capacities about IoT, edge processing, and 5G.
In March 2019, Rockwell Automation Inc., Panduit, and Cisco announced the launch of Manufacturing Advanced Technology Center (MATC), which will enable the companies in automotive, mining, food & beverage and cementing industries to establish their digital transformation by suing technologies like big data, cloud computing, IoT and process integration.
Major Market Competitors/Players:
Few of the major competitors currently working in the global IoT in manufacturing market are CISCO SYSTEMS, INC, ABB, Huawei Technologies Co., Ltd., IBM Corporation, GENERAL ELECTRIC, PTC, Microsoft, Rockwell Automation Inc., SAP SE, Zebra Technologies Corp., Siemens, Verizon Wireless, Hitachi Vantara Corporation, Qualcomm Technologies, Inc., FUJITSU, Tech Mahindra Limited, Mooana, Schneider Electric, ClearBlade, Inc., Robert Bosch GmbH, Uptake Technologies Inc., Litmus Automation, Inc among others.
MAJOR TOC OF THE REPORT:
Chapter One: IoT in Manufacturing Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: IoT in Manufacturing Market Competition, by Players
Chapter Four: IoT in Manufacturing Market Size by Regions
Chapter Five: IoT in Manufacturing Market Revenue by Countries
Chapter Six: IoT in Manufacturing Market Revenue by Type
Chapter Seven: IoT in Manufacturing Market Revenue by Application
Chapter Eight: IoT in Manufacturing Market Revenue by Industries
Chapter Nine: IoT in Manufacturing Market Revenue by Deployment Model
Chapter Ten: IoT in Manufacturing Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Global IoT in Manufacturing Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global IoT in Manufacturing Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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