IoT In Manufacturing Market Worth $147.49 Billion, Globally, by 2027 at 28.2% CAGR: Verified Market Research

The increased command of IoT in supply chain and connected logistics & Other factors such as cost effective, and advent of Artificial Intelligence in IoT will drive the market growth

JERSEY CITY, New Jersey, June 2, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "IoT In Manufacturing Market by Component (Solution, Platform, Services), by Solution (Data Management, Network Management, Device Management, Connectivity Management Platform, Application Management, Smart Surveillance), by Service (Professional Services, System Integration & Deployment Services, Managed Services), by Software (Application Security Software, Data Management & Analytics Software, Monitoring Software, Network Management), by Connectivity (Satellite Network, Celluar Network, RFID, NFC, Wi-Fi), by Applications, by End Use Vertical". According to the report, Global IoT In Manufacturing Market was valued at USD 20.23 Billion in 2019 and is projected to reach USD 147.49 Billion by 2027, growing at a CAGR of 28.2% from 2020 to 2027.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=8929

Browse in-depth TOC on "IoT In Manufacturing Market"

121 - Pages

31 – Tables

56 – Figures

Global IoT In Manufacturing Market Overview

The demand for centralized monitoring and predictive maintenance is a key aspect for the IoT in manufacturing market. The central monitoring of the manufacturing process in the automotive industry is executed using indoor location systems. The IoT devices used in the transceivers interconnect with each other with the help of routers, switches, and other networking devices. IoT devices are being widely used in predictive maintenance, which plays a significant role in managing the high-valued factory equipment. The predictive maintenance technique is intended to determine the condition of the in-service manufacturing equipment to foresee when maintenance should be performed. The increased command of IoT in supply chain and connected logistics is bound to boost the market growth. Enhanced inventory management, due to the accessibility of real-time visibility of items and the capability to track and keep a note of inventory, is a vital consequence of the implementation of IoT in manufacturing industries.

The collection of manufacturing information, expiry date, manufacturing date, after sales status, and warranty period, using tracking devices, like RFID tags, will correct the efficiency in supply chain monitoring in the manufacturing process. There has been a rise in utility of the Cloud Computing in IoT. The IoT devices need a lot of storage to share information for valuable purposes.  It helps in storage and data analysis so that the enterprise can gain maximum benefit of an IoT infrastructure. Operational efficiency is achievable with the right combination of four components; the Operation OT engineer, the Competent Integrator partner, efficient support resources and the OT network. The Industrial Internet of Things (IIoT) is bringing emphasis to connecting sensor data in an agile manner and providing actionable intelligence. The convergence of OT and IT is the integration of information technology (IT) systems used for data-centric computing with operational technology (OT) systems used to monitor events, processes and devices and make adjustments in enterprise and industrial operations. The feature will fuel the market growth. Other factors such as cost effective, and advent of Artificial Intelligence in IoT will drive the market growth. The major players in the market are PTC (US), Cisco Systems (US), General Electric (US), IBM (US), SAP (Germany), Zebra Technologies (US), Siemens (Germany), Huawei (China), Microsoft (US), Bosch (Germany), Schneider Electric (France), and Wind River (US).

Verified Market Research has segmented the Global IoT In Manufacturing Market is segmented on the basis of Component, Solution, Service, Software, Connectivity, Application, End Use Verticle and Geography:

• IoT In Manufacturing Market by Component
• Solution
• Platform
• Services
• IoT In Manufacturing Market by Solution
• Data Management
• Network Management
• Device Management
• Connectivity Management Platform
• Application Management
• Smart Surveillance
• IoT In Manufacturing Market by Services
• Professional Services
• System Integration & Deployment Services
• Managed Services
• IoT In Manufacturing Market by Software
• Application Security Software
• Data Management & Analytics Software
• Monitoring Software
• Network Management
• IoT In Manufacturing Market by Connectivity
• Satellite Network
• Celluar Network
• RFID
• NFC
• Wi-Fi
• IoT In Manufacturing Market by Application
• Predictive maintenance
• Business process optimization
• Asset tracking and management
• Logistics and supply chain management
• Real-time workforce tracking and management
• Automation control and management
• Emergency and incident management and business communication
• IoT In Manufacturing Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Wearable Sensors Market by Type (Accelerometers, Gyroscopes, Pressure & Force Sensors, Temperature & Humidity Sensors, Medical-based Sensors), by Application (Wristwear, Eyewear, Bodywear), by Vertical (Consumer Goods, Healthcare, Industrial), by Geography, Forecast, 2020-2027

Inventory Management Software Market by Type (Manually Managed Inventory System, Barcode Scanning System, Advanced Radio Frequency System), by Deployment Mode (On- premises, Cloud), by Application (Order Management, Asset Tracking, Service Management), by End-User (Manufacturing, Healthcare, Retail, Oil & Gas, Automotive), by Geography & Forecast, 2020-2027

Home Automation Market by Type (Luxury Home Automation System, Mainstream Home Automation System, DIY (Do It Yourself) Home Automation System, Managed Home Automation System), by Product (Lighting Control, Security and Access Control, HVAC Control, Entertainment and Other Controls), by Networking Technology (Wired Home Automation System, Wireless Home Automation System, Computing Network Home Automation System), by Geography, Forecast, 2020-2027

Gas Sensors Market by Type (Carbon Dioxide, Carbon Monoxide, Oxygen, Nitrogen Oxides), by Vertical (Industrial, Oil & Gas, Automotive & Transportation, Environmental Monitoring & Water treatment, Medical, Food & Beverages), by Technology (Solid State/Metal Oxide & Semiconductor, Electrochemical, Infrared, Catalytic, Photoionization Detectors), by Geography, Forecast, 2019-2027

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defence, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (203)-411-9686
APAC: +91 (902)-863-5784
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us : LinkedIn | Twitter

Logo - https://mma.prnewswire.com/media/1170750/Verified_Market_Research_Logo.jpg  
Photo - https://mma.prnewswire.com/media/1175796/IOT_In_Manufacturing_Market.jpg