IoT in Manufacturing is the method of digital transformation in manufacturing. Industrial IoT deploys a network of sensors to gather critical production data and uses cloud software convert this data into useful insights about the efficiency of manufacturing operations. The key adoption drivers are a shorter time to market, mass customization, cost reduction and improved safety. IoT is used to allow industries to install a flexible, connected and efficient pumping system. The demand for centralized monitoring and predictive maintenance is a significant factor of the IoT in the manufacturing market. The central monitoring of the process of manufacturing in the automotive industry is implemented using indoor location systems. The IoT devices used in the transceivers connect with each other through routers, switches and other networking devices. IoT devices are being highly used in predictive maintenance, which has a prominent role in managing high-valued factory equipment. The predictive maintenance technique is aimed to estimate the condition of the in-service manufacturing equipment to forecast when maintenance should be performed. The significant command of IoT in the supply chain and connected logistics is likely to fuel the IoT manufacturing market growth. Improved inventory management, owing to the accessibility of real-time visibility of items and the potential to track and keep a track of inventory, is a key consequence of the implementation of IoT in manufacturing industries. There has been an increase in the usage of cloud computing in IoT. IoT devices require a huge storage to share information for the purpose of valuation.  It helps in storage and data analysis so that the enterprise can obtain maximum advantage from an IoT infrastructure. Operational efficiency is obtainable with the perfect combination of four components; the Operation OT engineer, efficient support resources, the Competent Integrator partner and the OT network. The Industrial Internet of Things (IIoT) is bringing emphasis to connecting sensor data in an agile manner and offering actionable intelligence. On the other hand, dearth of interoperability and common standards will likely to hamper the market growth.   

Furthermore, the convergence of OT and IT is the combination of information technology (IT) systems utilized for data-centric computing with operational technology (OT) systems utilized to monitor events, processes and devices and make modifications in enterprise and industrial operations. The characteristic will boost the market growth.

The global IoT in Manufacturing Market is segregated on the basis of Application as Predictive Maintenance, Asset Performance Management, Quality Management, Cognitive Process & Operations Management, Supply Chain Management and Others. Based on Component the global IoT in Manufacturing Market is segmented in Software and Services.

The global IoT in Manufacturing Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT in Manufacturing Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

IBM, Zebra Technologies, Impinj, Schneider Electric, Sciencesoft are among the major players in the global IoT in Manufacturing Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In October 2020, Cisco introduced new IoT Sensor Solutions to support businesses simplify data visibility and enhance safety and efficiency. The new solution assists businesses simplify asset and facility monitoring across their organizations, from indoor IT closets to outdoor Operation Technology (OT) spaces at scale. The two new solutions are Meraki MT sensors which monitor indoor environments and IT infrastructure and Industrial Asset Vision sensors which monitor Operation Technology assets and facilities in outdoor and industrial indoor spaces.
• In Febuary 2020, Cisco declared advancements to its IoT portfolio which allow service provider partners to provide optimized management of cellular IoT environments and new 5G use cases. The new wireless technologies, include 5G and Wi-Fi 6, will resulted in more devices and new advanced Industrial IoT (IIoT) use cases and will provide service providers tools to provide competitive cellular IoT offerings for their customers.

The global IoT in Manufacturing Market has been segmented as below:

IoT in Manufacturing Market, By Application

• Predictive Maintenance
• Asset Performance Management
• Quality Management
• Cognitive Process & Operations Management
• Supply Chain Management
• Others

IoT in Manufacturing Market, By Component

• Software
• Services

IoT in Manufacturing Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

IoT in Manufacturing Market, By Company

• IBM
• Zebra Technologies
• Impinj
• Schneider Electric
• Sciencesoft
• Intel
• Litmus
• Microsoft
• Mocana
• Oracle
• PTC
• SAP
• Siemens Ag
• Software Ag
• Telit
• Uptake
• Wind River
• Cisco
• Clearblade
• GE
• HCL

The report covers the below scope:

• Global IoT in Manufacturing Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global IoT in Manufacturing Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT in Manufacturing Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global IoT in Manufacturing Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT in Manufacturing Market share. Major industry players with significant revenue share IBM, Zebra Technologies, Impinj, Schneider Electric, Sciencesoft and others.

Why to Buy this Report:

• Gain detailed insights on the IoT in Manufacturing industry trends
• Find complete analysis on the market status
• Identify the IoT in Manufacturing Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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