Global Internet of Things (IoT) in Manufacturing Market Analysis including Growth, Trends and Forecasts 2021 to 2030

In a recently published report, Global Internet of Things (IoT) in Manufacturing Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Internet of Things (IoT) in Manufacturing Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

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

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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 2nd 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 ContentsRegional AnalysisReport Highlights
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

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.

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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

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