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Market Overview
The Internet of Things (IoT) is a system of interconnected gadgets that allows data transfer and communication through the use of embedded sensors. Applications for IoT in manufacturing include fleet management, connected operational intelligence, and real-time asset monitoring. Industrial applications of computers, such as manufacturing and energy management, are networked with connected sensors, instruments, and other devices under the umbrella of the "industrial internet of things" (IoT).
Drivers
- Escalating need for industrial automation in the manufacturing sector
Industrial automation has grown significantly in the manufacturing sector. Through fierce consumer demand and market competition, producers are concentrating more on producing large quantities of high-quality products. Manufacturers could improve the consistency of their processes or products, boost productivity, lower direct labor costs and expenses, and produce higher-quality goods by using automation. Control systems, such as computers or robots, are used in industrial automation processes to monitor and manage tools and procedures.
- Low operational cost drives the market
The connected supply chain and smart manufacturing processes depend heavily on connected and smart products. Additionally, the introduction of inexpensive connected devices has made it possible for manufacturers to implement IoT technologies to reduce resource consumption and boost overall productivity. Additionally, because IoT applications have a low operational cost, many manufacturers prefer to integrate them into their products to increase efficiency while lowering costs.
Global Internet of Things (IoT) in Manufacturing Market Scope and Market Size
Component
- Services
- Solution/ Software
Software
- Application Security
- Application Management
- Device Management
- Device Provisioning and Authentication
- Device Configuration Management
- Monitoring and Troubleshooting
- Data Management and Analytics
- Data Integration
- Data Security
- Data Migration
- Data Analytics and Visualization
- Metadata Management
- Data Governance
- Data Orchestration
- Monitoring
- Network Management
- Network Bandwidth Management
- Network Security Management
- Network Performance Monitoring and Management
- Network Configuration Management
- Smart Surveillance
- Central Monitoring Systems
- Video Analytics and Events
- Others
Deployment Type
- On Premises
- Cloud
Organizational Size
- SMEs
- Large Enterprises
Connectivity
- Satellite Network
- Cellular Network
- Radio-Frequency Identification (RFID)
- Near-field Communication (NFC)
- Wi-Fi
Services
- Managed Services
- Infrastructure Management Services
- Security Management Services
- Network Management Service
- Data Management Services
- Device Management Services
- Professional Services
- IoT Consulting Services
- Technology Consulting services
- Business Consulting Services
- Operational Consulting Services
- IoT Infrastructure Services
- Network Services
- Deployment Services
- Cloud Services
- System Designing and Integration Services
- Platform Development and Integration
- Mobile and Web Application Development Services
- Support and Maintenance Services
- Education and Training Services
Application
- Predictive Maintenance
- Business Process Optimization
- Quality Management
- Cognitive Process and Operations Management
- Asset Tracking and Management
- Logistics and Supply Chain Management
- Real Time Workforce Tracking and Management
- Automation Control and Management
- Emergency and Incident Management
- Logistics and Supply Chain Management
- Inventory Management
- Business Communication
End User
- Process of Manufacturing
- Energy and Utilities
- Chemicals and Materials
- Food and Beverages
- Water and Waste Management
- Others
- Discrete Manufacturing
- Automotive
- Machine Manufacturing
- Semiconductors and Electronics and Communication Equipment
- Medical Devices
- Logistics and Transportation
- Industrial Equipment
- Aerospace and Defence
- Hi-tech Products
- Healthcare
- Others
Key Players:
Some of the major players operating in the internet of things (IoT) in manufacturing market are:
- Cisco Systems, Inc. (U.S.)
- Siemens (Germany)
- ABB (Switzerland)
- Huawei Technologies Co., Ltd (China)
- Hitachi Vantara LLC (U.S.)
- Qualcomm Technologies, Inc. (U.S.)
- Rockwell Automation (U.S.)
- General Electric (U.S.)
- SAP SE (Germany)
- Microsoft (U.S.)
- Fujitsu (Japan)
- IBM (U.S.)
- Robert Bosch GmbH (Germany)
- Uptake Technologies Inc. (U.S.)
- Litmus Automation Inc. (U.S.)
- ClearBlade, Inc. (U.S.)
- Schneider Electric (France)
- Tech Mahindra Limited (India)
- Zebra Technologies Corporation (U.S.)
- Verizon (U.S.)
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