Global IoT in Manufacturing Market will grow at Highest CAGR of 28.01% by 2026 with top Key players ABB, Cisco Systems, General Electric, Huawei Technologies, IBM, Microsoft

Global IoT in Manufacturing Market

The Global IoT in Manufacturing Market accounted for USD 6.23 billion Growing at a CAGR of 28.01% during the forecast period of 2019 to 2026.Influencing players of this market are: ABB, Cisco Systems, Inc., General Electric, Huawei Technologies Co. Ltd, IBM, Microsoft Corporation, PTC, Rockwell Automation, Inc., SAP SE, Siemens AG, Zebra Technologies, and others.

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Major Market Drivers & Restraints:

  • Demand-driven supply chain and connected logistics
  • Need for agile production, operational efficiency, and control
  • Advent of advanced data analytics and data processing
  • Increase in regulatory compliances
  • Lack of standards for interconnectivity and interoperability
  • Data security and privacy concerns
  • Shadow IT risk

Market Segmentation:

By Geography; Software (Network & Application Security, Network Bandwidth Management, Remote Monitoring System, Data Management, Smart Surveillance); Platform (Device Management, Application Management, Connectivity Management); Service (Professional Services, Managed Services); Application; Vertical – Industry Trends and Forecast to 2024

Company Share Analysis:

The report for global IoT in manufacturing market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically.

Product Definition :

Global IoT in Manufacturing Market (IIoT) is the utilization of shrewd sensors and actuators to improve assembling and modern procedures. Otherwise called the modern web or Industry 4.0, IIoT use the intensity of keen machines and ongoing investigation to exploit the information that moronic machines have created in mechanical settings for quite a long time. The driving way of thinking behind IIoT is that shrewd machines are not just superior to people at catching and breaking down information progressively, they are better at conveying significant data that can be utilized to drive business choices quicker and all the more precisely.

Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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