Global Internet of Things (IoT) in Manufacturing Market

Internet of Things or IoT, as it is abbreviated, is a network of devices who could talk and communicate with each other and take smart decisions on their own, without human intervention, depending on the external stimuli and their environment. The IoT is an ecosystem of connected devices with in built sensors with an ability to communicate automatically with other devices and systems. It is expected that IoT would revolutionize all the sectors of the economy like manufacturing, agriculture, transportation and energy. It would transform the interactions humans would have with machines.

Market Dynamics:

The Internet of Things in Manufacturing Market is primarily driven by the increasing need for operational efficiency, agile production, logistics, control and demand driven supply chain. Factors like the growing need for centralized monitoring of products are also driving market growth. The increasing demand for transparency from customers in the manufacturing sector results into the growth of this market. Technological advancements in data analytics, artificial intelligence, cloud computing and machine learning are also aiding the penetration of this market.

The major constraints for this market is the lack of standardized interfaces, limited integration and scalability. Issues related to the privacy and security also plagues the growth of this market. The huge and complex requirement of data storage and its handling can also hinder the growth prospects of this market.

Market Segmentation:

The Global Internet of Things (IoT) in Manufacturing Market can be segmented on the basis of solution, connectivity technology, application, industry verticals and services.

> Solution:

> Network Management

> Data Management and Analytics Software

> Device Management

> Application Management

> Smart Surveillance

> Connectivity Technology:

> Satellite Network

> Cellular Network

> RFID

> NFC

> Wi-Fi

> Optical tags and QR Codes

> Application:

> Supply Chain Monitoring

> Product & Services

> Customer Monitoring

> Premises Monitoring

> Industry Verticals:

> Automotive Manufacturing

> Industrial Equipment Manufacturing

> Electronics and Communication Equipment Manufacturing

> Food and Cultivating Equipment Manufacturing

> Services:

> Identity Related Services

> Information Aggregation Services

> Collaborative-Aware Services

> Ubiquitous Services

> Professional Services

> System Integration and Deployment Services

> Managed Services

Geographical Analysis:

Geographically, the market is segmented into North America, Asia Pacific, Europe and South America. Enhancement of digital technologies in emerging markets like China and India have made the Asia Pacific region the fastest growing market. Geographically, North America is the largest market for Internet of Things (IoT) in Manufacturing Market because of the presence of already established infrastructure. Asia Pacific is the 2^nd largest market after North America because of the growing innovation and number of startups emerging in this sector.

Key Players:

Some of the key companies in Global Internet of Things (IoT) market are AT&T, Bosch, Cisco Systems, General Electric, Hitachi Data Systems, Huawei, IBM, PC Qualcomm and Verizon.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage