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Internet of Things (IoT) in Manufacturing Market Worth 13.49 Billion USD by 2020


News provided by

MarketsandMarkets

08 Dec, 2015, 18:00 GMT

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PUNE, India, December 8, 2015 /PRNewswire/ --

According to a new market research report, "Internet of Things (IoT) in Manufacturing Market by Software (Analytics, Network Management, Remote Monitoring, Security), Application (Predictive Maintenance, Logistics & Supply Chain Management), Platform, Service, & by Vertical - Global Forecast to 2020", published by MarketsandMarkets, the IoT in manufacturing Market is estimated to grow from USD 4.11 Billion in 2015 to USD 13.49 Billion by 2020, at a compound annual growth rate (CAGR) of 26.9%.

Browse 77 market data Tables and 54 Figures spread through 173 Pages and in-depth TOC on "Internet of Things (IoT) in Manufacturing Market"

 http://www.marketsandmarkets.com/Market-Reports/iot-manufacturing-market-129197408.html
Early buyers will receive 10% customization on this report.

Manufacturers are facing several challenges such as regulatory pressures, rising employer costs, and frequent breakdown of machines. This highlights the robust need for operational efficiency. With the augmented use of sensors, the demand for IoT solutions has also seen an upsurge.

Decreasing hardware and connectivity cost will drive the IoT in manufacturing market 

The major forces driving the IoT in manufacturing market are growing need for operational efficiency, decreasing hardware and connectivity costs, and rise in the ICT and IoT adoption across different industry verticals. With the shrinkage in the prices of connectivity and hardware, the use of sensors has seen a massive advancement, which allows the real-time data transfer through automation. Furthermore, increasing penetration of connected devices has unleashed the growth potential through predictive maintenance, security, and analytics which is expected to drive the market growth during the forecast period.

RFID to play a significant role in the IoT in manufacturing market 

Radio Frequency Identification (RFID) would dominate the connectivity technology in the IoT in manufacturing market during the forecast period. This growth is driven due to decrease in the cost of connectivity devices and hardware across North America, Europe and Asia-Pacific regions. NFC is one of the latest short-range wireless technologies and is expected to witness the highest growth due to its compatibility with contactless infrastructure and other devices.

Request for Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=129197408

North America dominates the IoT in manufacturing market during the forecast period 

The Internet of Things (IoT) in Manufacturing Market segments the global market on the basis of regions, which includes North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the IoT in manufacturing market during the forecast period due to technological advancements and early adoption of IoT in the region. APAC market is expected to grow at the highest CAGR between 2015 and 2020. The primary driving forces for this growth are increasing technological adoption and huge opportunities in the manufacturing countries, especially China and Japan.

The report also encompasses different strategies such as mergers & acquisitions, partnerships & collaborations, and product developments adopted by major players to increase their share in the market. Some of the major technology vendors include Cisco Systems, General Electric, Intel, IBM, Siemens AG, PTC Inc., Computer Sciences Corporation, Microsoft, Zebra Technologies, SAP SE, and Bosch Software Innovations GmbH.

The scope of the report covers detailed information regarding the major factors influencing the growth of the security analytics market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations and recent developments associated with the security analytics market.

Browse Related Reports 

Internet of Things (IoT) Middleware Market by Type (IoT Application & Data Management), by IoT Platform (Application Enablement, Device & Connectivity Management), by Services, by End Users, by Industry Verticals and by Regions - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/iot-middleware-market-84839232.html

Internet of Things (IoT) Security Market by Technologies (Network, Cloud and Application Security, Identity Access Management, Analytics, UTM, IDS/IPS, Device Management, Encryption), Industry Verticals and Applications - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/iot-security-market-67064836.html

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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