The global IoT in manufacturing market is anticipated to grow at a considerable CAGR of 11.6% during the forecast period (2022-2028). The IoT market is expected to grow due to factors such as the development of wireless networking, digital storage and processing, and the efficiency of computing structures. In addition, IoT applications are driven by the growth of innovative software applications and analysis, such as recent advances in machine-learning techniques for big data analytics. Additionally, the global IoT market is expected to grow owing to the high market competition and end-user demand, manufacturers are more concerned with producing high volume and quality products. This, in turn, has led them to pay attention to core areas, including production process, asset monitoring, and maintenance and support of assets, in the factory.
Browse the full report description of “IoT in Manufacturing Market Size, Share & Trends Analysis Report by Solution (Network Management, Data Management, Device Management, and Smart Surveillance), by Service (Managed Services and Professional Services) by Deployment Mode ( On-premises and Cloud) and by Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, and Emergency & Incident Management & Business Communication) Forecast Period (2022-2028).” at https://www.omrglobal.com/industry-reports/electric-hair-styling-tools-market
Furthermore, the market players are considerably contributing to the market growth by the adoption of various strategies such as mergers & acquisitions. For instance, In April 2021, PTC and Technion, which is an Israel Institute of Technology entered into a long-term strategic collaboration. With this collaboration, PTC will invest USD 5 million in PTC’s Haifa Campus and also establish a research and development center. Under the collaboration, both PTC and Technion will research and improve the processes relating to advanced manufacturing technology.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Solution
o By Services
o By Deployment Mode
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Atos SE, Bosch.IO GmbH, Cisco Systems, Inc., ClearBlade, Inc., General Electric Co, HCL Technologies Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global IoT in Manufacturing Market Report Segment
By Solution
By Services
By Deployment Mode
By Application
Global IoT in Manufacturing Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/iot-in-manufacturing-market