Le Lézard
Classified in: Science and technology
Subject: SVY

Global IoT in Manufacturing Market by Solution, Platform, Service, Application, Vertical Market, and Region - Forecasts to 2022


DUBLIN, March 16, 2018 /PRNewswire/ --

The "Global IoT in Manufacturing Market by Solution, Platform, Service, Application, Vertical Market, and Region - Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The report forecasts the global IoT in manufacturing market size to grow from USD 12.67 Billion in 2017 to USD 45.30 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 29.0%.

The major factors driving the growth of the IoT in manufacturing market are the growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure, the advent of latest communication technologies, and the need for agile production and operational efficiency. Furthermore, an increasing adoption of the cloud, convergence in operational technologies (OT) and IT, and growing number of intelligent connected devices with cost reduction are some of the other factors supporting the overall growth of the market.

The IoT in manufacturing market is segmented on the basis of components (solutions, platforms, and services), application areas, verticals, and regions. IoT in manufacturing services are segmented into managed and professional services. Further, professional services include IoT consulting services, IoT infrastructure services, system designing and integration services, support and maintenance services, and education and training services.

The managed services segment is expected to grow at the highest CAGR during the forecast period. Managed service providers play a huge role in the deployment of IoT in manufacturing solutions according to the client's requirements. Managed services include all the pre- and post-deployment queries and needs of the customers. These services may include planning, designing, testing, integrating, maintenance, and support, and mainly outsourced for on-time delivery, reduction of capital expenditure, operating expenses.

The IoT in manufacturing market by verticals is segmented into energy and utilities, automotive, food and bevergaes, aerospace and defense, chemicals and material, high-tech products, healthcare, and others (agriculture, and textile and leather). The energy and utilities vertical is expected to hold the largest market share during the forecast period. The energy and utilities vertical is a leading vertical with respect to the deployment of IoT in manufacturing solutions. The implementation of IoT in manufacturing in the energy and utilities vertical offers the overall plant automation, process optimization, supply chain optimization, increased safety, integrated business processes, and corporate social responsibility. With the adoption of IoT technologies, organizations may witness significant growth across all business networks to economically source the supplies and services, by minimizing the inventory cost and improving productivity.

The growing demand for intelligent connected devices and advent of data analytics and data processing are some of the growth drivers for the IoT in manufacturing market in the APAC region. The lack of standards for interconnectivity and interoperability, and growing concerns over data security and privacy are some of the restraining factors in the market. However, the recent developments, including new product launches and acquisitions, undertaken by the major market players are boosting the growth of the market.


Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global IoT in Manufacturing Market
4.2 Market Top 3 Solutions
4.3 Market By Vertical Market and Region
4.4 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need for Centralized Monitoring and Predictive Maintenance of the Manufacturing Infrastructure
5.2.1.2 Advent of the Latest Communication Technologies
5.2.1.3 Demand-Driven Supply Chain and Connected Logistics
5.2.1.4 Need for Agile Production, Operational Efficiency, and Better Control
5.2.1.5 Increase in the Adoption of the Cloud Environment
5.2.1.6 Convergence in OT and IT
5.2.1.7 Rise in the Number of Cost-Effective, Intelligent Connected Devices
5.2.1.8 Advent of Data Analytics and Data Processing
5.2.1.9 Increase in Regulatory Compliances
5.2.1.10 Advent of Intelligent Machine Applications
5.2.2 Restraints
5.2.2.1 Lack of Standards for Interconnectivity and Interoperability
5.2.2.2 Data Security and Privacy Concerns
5.2.2.3 Shadow IT Risks
5.2.3 Opportunities
5.2.3.1 Outcome Economy and Pull Economy
5.2.3.2 Content Maturity Model
5.2.3.3 Shared Security Model
5.2.4 Challenges
5.2.4.1 Data Migration Challenges
5.2.4.2 Inconsistent Business Semantics and Conflicts Related to Data Ownership

6 IoT in Manufacturing Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Platforms
6.4 Services

7 Market By Solution
7.1 Introduction
7.2 Network Management
7.2.1 Network Bandwidth Management
7.2.2 Network Security
7.2.3 Network Performance Monitoring and Management
7.2.4 Network Configuration Management
7.3 Data Management
7.3.1 Data Integration
7.3.2 Data Security
7.3.3 Data Migration
7.3.4 Data Analytics and Visualization
7.3.5 Metadata Management
7.3.6 Data Governance
7.3.7 Data Orchestration
7.4 Device Management
7.4.1 Device Provisioning and Authentication
7.4.2 Device Configuration Management
7.4.3 Monitoring and Troubleshooting
7.5 Application Management
7.6 Smart Surveillance
7.6.1 Central Monitoring System
7.6.2 Video Analytics and Events

8 IoT in Manufacturing Market, By Platform
8.1 Introduction
8.2 Device Management Platform
8.3 Application Management Platform
8.4 Connectivity Management Platform

9 Market By Service
9.1 Introduction
9.2 Managed Services
9.2.1 Infrastructure Management Services
9.2.2 Security Management Services
9.2.3 Network Management Services
9.2.4 Data Management Services
9.2.5 Device Management Services
9.3 Professional Services
9.3.1 IoT Consulting Services
9.3.1.1 Technology Consulting Services
9.3.1.2 Business Consulting Services
9.3.1.3 Operational Consulting Services
9.3.2 IoT Infrastructure Services
9.3.2.1 Network Services
9.3.2.2 Deployment Services
9.3.2.3 Cloud Services
9.3.3 System Designing and Integration Services
9.3.3.1 Platform Development and Integration Services
9.3.3.2 Mobile and Web Application Development Services
9.3.4 Support and Maintenance Services
9.3.5 Education and Training Services

10 IoT in Manufacturing Market, By Application Area
10.1 Introduction
10.2 Predictive Maintenance
10.3 Business Process Optimization
10.4 Asset Tracking and Management
10.5 Logistics and Supply Chain Management
10.6 Real-Time Workforce Tracking and Management
10.7 Automation Control and Management
10.8 Emergency and Incident Management, and Business Communication

11 Market By Vertical Market
11.1 Introduction
11.2 Energy and Utilities
11.3 Automotive
11.4 Food and Beverage
11.5 Aerospace and Defense
11.6 Chemicals and Materials
11.7 High-Tech Products
11.8 Healthcare
11.9 Others

12 IoT in Manufacturing Market, By Region

13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 New Product Launches,
13.2.2 Mergers and Acquisitions
13.2.3 Partnerships and Collaborations
13.3 Market Ranking

14 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/dnns94/global_iot_in?w=5

 

Media Contact:


Research and Markets
Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

 



SOURCE Research and Markets


These press releases may also interest you

at 06:30
The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarketstm. The growth can be attributed to growing...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...

at 06:05
AIS Healthcare, a leading provider of targeted drug delivery (TDD) and infusion care solutions, is proud to recognize March 25-31 as National Physicians Week. This week and throughout the year, we celebrate the dedication of physicians who selflessly...

at 06:02
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major...

at 06:00
G-P (Globalization Partners), the recognized leader in the global employment market, and standard bearer for industry compliance, today announced it was awarded 50 leader badges in G2's 2024 Spring Report, including Employer of Record Leader, Global...

at 05:34
Sungrow, a global leading PV inverter and energy storage system supplier, has emerged as one of the standout companies on the 2024 Fortune Asia Future 30 list. The list, which recognizes the most promising companies in Asia Pacific, is a testament to...



News published on and distributed by: