Internet of Things In Manufacturing Market

Date: 12/14/2015

Internet of Things (IoT) In Manufacturing Market by Software, Application, Platform, Service, And Vertical

The IoT in Manufacturing Market Size Is Estimated to Grow from USD 4.11 Billion in 2015 To USD 13.49 Billion by 2020, At an Estimated Compound Annual Growth Rate (CAGR) Of 26.9%

  • Published by: marketsandmarkets.com
  • Posted on: December 2015
  • Report Code: TC 3947

MarketsandMarkets forecast the IoT in manufacturing market size 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%. Manufacturer’s need for operational efficiency has increased the utilization of sensors through enhanced automation and integrated connected technology solutions across the manufacturing process, which, in-turn, has increased the demand for IoT solutions for various manufacturing applications. Other driving forces include decreasing hardware and connectivity cost and increasing penetration of connected devices.

Manufacturing firms these days are facing several issues such as regulation differences, high employment costs, and downtime of machines. Therefore, organizations are inclining toward adoption of IoT solutions for smart manufacturing along with improved security and reliability. The report aims at estimating the market size and future growth potential of IoT in manufacturing market across different segments, such as software, services, platform, connectivity technology, verticals, and regions. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. Data management software is gaining high market traction with the help of cloud and predictive analytics to manage data generated from machineries. This data is evaluated through data management software to extract useful information helping manufacturers in decision making.

IoT in manufacturing software market provides real-time monitoring, security, and analytics to enhance the operational effectiveness. Data management holds the largest share of the IoT in manufacturing software market in 2015 and is projected to dominate the market during the forecast period. This growth is fueled by the presence of massive heterogeneous data that is extracted from different connected devices. Network and application security is expected to grow at the highest CAGR during the forecast period due to increasing cyber threats and attacks on the IoT infrastructure.

The IoT in manufacturing ecosystem comprises software vendors, such as IBM, Bosch, and Zebra; security service providers, such as Intel, Symantec, and Trend Micro; system integrators, such as CSC, IBM, and Siemens AG; platform providers, such as IBM, Microsoft, and SAP; network providers, such as Zebra technologies, IBM; and device manufacturers, such as Cisco and Siemens AG that cater to the unique business requirements of the end users.

The research report categorizes the IoT in manufacturing market to forecast the revenues and analyze the trends in each of the following sub-markets:

By Software

  • Network & Application Security
  • Real-Time Streaming Analytics
  • Network Bandwidth Management
  • Remote Monitoring System
  • Data Management

By Connectivity Technology

  • Satellite Network
  • Cellular Network
  • Wi-Fi
  • Radio-Frequency Identification (RFID)
  • Near Field Communication (NFC)
  • Others

By Platform

  • Device Management
  • Application Management Platform
  • Connectivity Management Platform

By Service

  • Professional Services
  • System Integration and Deployment Services
  • Managed Services

By Application

  • Process Optimization
  • Asset Management
  • Predictive Maintenance
  • Emergency and Incident Management
  • Workforce Management
  • Logistics and Supply Chain Management
  • Inventory Management

58福彩 临海市 湖北省 钟祥市 大同市 兰溪市 湘潭市 松滋市 铁力市 彭州市 厦门市 宜春市 邹城市 彭州市 山东省 金昌市 平度市 海南省 双滦区 忻州市 葫芦岛市 十堰市 平度市 潞城市 临沂市 阜新市 普兰店市 汉川市 兴城市 都匀市 枣庄市 安达市 烟台市 高邮市 梅河口市 江油市 白银市 丰城市 孝义市 石首市 池州市 葫芦岛市 福建省 金华市 梅河口市 胶州市 上虞市 大石桥市 江阴市 吉首市 大庆市 铁力市 深州市 山西省 厦门市 项城市 永州市 原平市 明光市 耒阳市