This report examines the technologies, markets and factors influencing the markets for IoT systems. Markets are forecast based on historical activity and current opportunities, technical advances and challenges, and five subsets of the process market: oil and gas suppliers, food suppliers, metals, plastics and chemicals.
The global market for IoT process manufacturing technologies will grow from $750.4 million in 2017 to $2.7 billion by 2022 with a compound annual growth rate (CAGR) of 28.7% for the period of 2017-2022.
The hardware market will grow from $314.3 million in 2017 to $1.0 billion by 2022 with a CAGR of 26.8%.
The software market will grow from $374.8 million in 2017 to $1.4 billion by 2022 with a CAGR of 31.0%.
The building of IoT solutions includes three main components: hardware, software and networking. The markets are broken down into subsets. Hardware consists of sensors, programmable logic controllers and distributed control systems. Software involves IoT platforms, big data and security solutions. Networking is available in wired or wireless configurations.
The forecasts presented are for the total available markets. Discussion is provided that compares actual revenues with market potential. Markets are broken down by technology and sector, and then discussed within the context of technology trends. A detailed analysis of the technology and market potential is used as a basis for estimating world markets for these products. Thorough analyses are carried out of IoT practices, along with trends toward the uptake of solution costs, emerging standards and common practices.
Prime decision makers in the project chain who select the type and scope of IoT projects are identified. Factors influencing the requirements and purchases for the systems are examined, as are national and international responses to global challenges.
In this report, the IoT market is segmented into three product areas-hardware, software, and networking-and five vertical markets: oil and gas, food, pharmaceuticals and life sciences, plastics and metal. Hardware includes three types of factory floor devices: sensors, programmable logic controllers and distributed system controllers. Software consists of IoT platforms, big data and security. Networking is comprised of wired and wireless connections. The revenue numbers are for global sales.
Manufacturing is a mature market that is growing at a low single-digit rate. Of the five products segments, pharmaceuticals and food will grow at the fastest rates. A push to expand healthcare in industrialized countries will lead to more drug use. The global expansion will continue, and food will be available in more locations. Competition is fierce in established market and increasing in less established ones, which will spark innovation and the use of technology for competitive advantage.
Key Topics Covered:
2. Summary and Highlights
3. Market and Technology Background
IoT in Manufacturing
Process Manufacturing Industry Trends
Things Gain Intelligence
Need to Change
IoT Business Benefits
Beyond Machine-to-Machine Communication
How the IoT Works
Fitting the Pieces Together
Getting a Fresh Start
Business Value of Industrial IoT Applications
Factors Driving Manufacturing
Legacy System Shortcomings
Revamping Business Processes
Embedded System Challenges
Getting Everything into Harmony
Need for a Central Platform
High Level of Commitment
Need for Standards
Meeting the Network Needs
IoT Standards Organizations
Association for Advancing Automation
Association for Manufacturing Technology
American National Standards Institute
Association for Packaging and Processing Technology
Embedded Linux and Android Alliance
International Electrotechnical Commission
Industrial Internet Consortium
International Society of Automation
International Standards Organization
National Institute of Standards and Technology
Organization for the Advancement of Structure Information Standards
Organization for Machine Automation and Control
Object Management Group
OPX Leadership Foundation
Devising a Plan
Changes in Thinking
Finding a Use Case
IoT Application Categories
Connected Supply Chain
IoT Applications in Action
4. Market Breakdown by Technology Type: IoT Process Manufacturing Software
Emergence of IoT Platforms
IoT Business Benefits
Striving for the Ultimate Goal
Need for Developer Talent
Big Data as a Big Force
Big Data Challenges
Failure of Traditional Tools
Volume, Variety, Velocity and Variability Defining Big Data
Master Data Management
Big Data's Management Challenges
Mining for Gold
Truth or Dare
Diving Deeper into the Data
Need for Speed
Working with Large Data Sets
Integrating Data from Multiple Sources
Automating Data Collection
Analyzing Data and Identifying Actionable Insights
Growing Importance of Analytics
Making the Right Connection
Finding the Right Rule
Examining All Options
Dynamic Case Management Capabilities
Sensing Big Changes
Edge Data Potential
Edge Data's Many Uses
Predictive Analytics' Tremendous Potential
Security Software's Growing Importance
IoT Devices and Security
Building Security from the Ground Up
Importance of Application-Level Security
5. Market Breakdown by Technology Type: IoT Hardware
New Hardware Directions
Impact of Globalization
Distributed Control Systems
Changing Plant Floor
Latest DSC Developments
Programmable Logic Controllers
6. Market Breakdown by Technology Type: IoT Networking
Fieldbus: First-Generation Industrial Networking
Ethernet in the Factory
Meeting I/O Challenges
Monitoring Ethernet Connections
Impact of Wireless Network Connections
Wi-Fi: A Popular Networking Option
Li-Fi Versus Wi-Fi
Low on Bandwidth
7. Company Profiles
Amazon Web Services
Apex Automation and Robotics Ply Ltd.
B&R Industrial Automation Corp.
Baumuller Nurnberg Gmbh
Bayshore Networks Inc.
BC Food Suppliers
Beckhoff Auotmation Gmbh & Co. Kg
Cgi Group Inc.
Cisco Systems Inc.
Coldwater Machine Co.
Cybervision Tech Inc.
Device Insight Ag
Eaton Corp. PLC.
Electric Imp Inc.
Ellison Technologies Inc.
Endress + Hauser Ag
Epicor Software Corp.
General Electric Corp.
Grove Streams LLC
Hans Turck Gmbh & Co. Kg
Harting Deutschland Gmbh & Co. Kg
Hewlett Packard Enterprise
Honeywell International Inc.
Huawei Technologies Co. Ltd.
IFM Electronic Gmbh
Inductive Automation Inc.
Infineon Technologies Ag
Jacobs Engineering Inc.
Kawasaki Heavy Industries Ltd.
Krohne Messtechnik Gmbh
Lynx Software Technologies Inc.
M+W Group Gmbh
Mesh Automation Inc.
Mitsubishi Electric Corp.
Murr Elektronik Gmbh
Nachi Fujikoshi Corp.
Parker Hannifin Corp.
Pepperl and Fuchs Gmbh
Phoenix Contact Gmbh & Co. Kg
Pilz Gmbh & Co. Kg
Precision Automation Robotics India Ltd.
Preh Ima Automation Gmbh
Promik Programmiersysteme Fur Die Mikroelectronik Gmbh