Fortune Business Insights has published a new report titled “Internet of Things (IoT) in Manufacturing Market 2023 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Internet of Things (IoT) in Manufacturing Market Research Report provides a key analysis of the Market Share status of the Internet of Things (IoT) in Manufacturing with the best facts and figures, meaning, definition, SWOT analysis, expert opinions, and the latest developments across the globe.
Market Scope in the Present and Future
The global internet of things (IoT) in manufacturing market stood at USD 27.76 Billion in 2018 and is projected to reach USD 136.83 billion by 2026, exhibiting a CAGR of 22.1% during the forecast period. Computer technology has majorly impacted many businesses, accelerated development cycles, increased efficiency and provided a more complete operational outlook. At one time, applications such as accounts receivable and payroll operated autonomously with little to no integration. But applications such as these are now melded into cohesive financial systems.
A similar transformation is about to occur in the industrial discrete parts manufacturing market. Intelligence, which was once housed in standalone devices, such as programmable logic controllers, is about to be shared throughout the enterprise from the start to the end of the supply chain. A new generation of intelligent endpoints, dubbed the Internet of Things (IoT), is being created. As a result, a manufacturer gains insight into real-time operations and can manage the operation more effectively.
The following Key Players Are Mentioned in this Document:
- Cisco Systems, Inc.
- IBM Corporation
- General Electric Company
- Intel Corporation
- Siemens AG
- Microsoft Corporation
- SAP SE
- SOFTWARE AG
- ZEBRA TECHNOLOGIES
- HITACHI LTD.
The change can positively impact the bottom line in many ways. Industrial automation corporations can determine the wear and tear on robotic arms and make adjustments as needed. One challenge has been extending networking capabilities out to these different elements. In general, assembly line items like sensors have had little to no intelligence and building the ecosystem to collect, interpret and proactively use the data represents a monumental undertaking—basically a revamping of the manufacturing process while the operations are running.
Key Takeaways from Market Study
Availability of low cost and highly efficient sensors would also drive the growth of market. The increasing need for optimum accuracy in industries such as aerospace, defense, energy, healthcare, manufacturing and transportation is likely to provide immense opportunities for IIoT market. Furthermore, Innovation in big data analytics could create immense opportunities for the IIoT market. However, the major challenge that IIoT markets likely to face is the interoperability issues and lack of standardization in IIoT products. The security and privacy issues with usage of cloud technology is likely to hinder the anticipated growth of IIoT market.
By Platform
- Device Management
- Application Management
- Network Management
By Software & Services
- Software Solution
- Data Management
- Streaming Analytics
- Smart Surveillance
- Remote Monitoring
- Network Band Management
- Services
By Application
- Predictive Maintenance
- Asset Tracking and Management
- Logistics and Supply Chain Management
- Real-Time Workforce Tracking and Management
- Emergency and Incident Management
- Others (Business Process Optimization, Business Communication, etc.)
By Region
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Why purchase Internet of Things (IoT) in Manufacturing Market Share Report?
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Regional Analysis Market Share:
Regional analysis is an important component of a Market research report, as it provides insights into how a particular Market or industry varies across different geographic regions. A regional analysis typically includes a detailed examination of Market trends, competitive landscape, consumer behavior, and regulatory environment in each region like (North America (U.S., Canada), Europe (U.K., Italy, Germany, France, Rest of EU), Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC), Latin America (Chile, Brazil, Argentina, Rest of Latin America), Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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- The report provides an extensive analysis of the current and emerging trends and dynamics.
- By application, the earthmoving segment was the largest revenue generator in 2026.
- On the basis of product, the loaders segment generated the highest revenue in 2026.
- By propulsion system, the ice engine segment dominated the market in 2026.
- Region wise, Asia-Pacific is anticipated to dominate the market throughout the study period.
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Detailed Toc of Global Internet of Things (IoT) in Manufacturing Market Share Report 2023-2026:
- Introduction
- Definition, by Segment
- Research Methodology/approach
- Data Sources
- Key Takeaways
- Market Share Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities, and Trends
- Impact of Covid-19
- Short-Term Impact
- Long-Term Impact
- Competition Landscape 2026
- Business Strategies Adopted by Key Players
- Consolidated Swot Analysis of Key Players
- Global Internet of Things (IoT) in Manufacturing Key Players Market Share Insights and Analysis, 2026
- Key Market Share Insights and Strategic Recommendations
- Companies Profiled (covered for Key 10 Players Only)
- Overview
- Key Management
- Headquarters Etc.
- Offerings/Business Segments
- Key Details (subjected to Data Availability in The Public Domain and/or on Paid Databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
At last, the conclusion of the Internet of Things (IoT) in Manufacturing Market research report is clear, concise, and actionable. It also provides the client with a clear understanding of the key findings and insights from the research and offers practical recommendations for how to apply these insights in business.
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