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The global IoT in Manufacturing market size is expected to reach USD 129.42 billion by 2030 according to a new study by Polaris Market Research.
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IoT in Manufacturing Market Expected to Reach USD 129.42 Billion By 2030 | CAGR: 12.3% IoT in Manufacturing Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Application; By Vertical (Process Manufacturing, Discrete Manufacturing); By Deployment Mode; By Region; Segment Forecast, 2022 - 2030
IoT in Manufacturing Market Estimate & Forecast • According to the research report published by Polaris Market Research, the global IoT in the manufacturing market was valued at USD 50.07 billion in 2021 and is expected to reach USD 129.42 billion by 2030, to grow at a CAGR of 12.3% during the forecast period. • Key players in the market have adopted the Internet of Things in manufacturing smart software and solutions across their factory operations. The adoption of the Internet of Things allows industrial companies to automate their processes, saving money, reducing time to market, enhancing mass customization, and increasing safety. For instance, in November 2021, Panasonic introduced the MiraieProfactory industrial IoT and smart factory solution aimed at Indian manufacturers looking to digitize their factory operations. The move will assist Panasonic, which sells various products through its consumer appliances business and collaborates with several large manufacturers to provide business-to-business solutions to expand its business-to-business operations.
IoT in Manufacturing Market Competitive Landscape • The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the market are: • Atos, Cisco, General Electric, HCL, Huawei, IBM, Intel, Microsoft, Oracle, PTC, Samsara, SAP, Schneider Electric, Siemens, and Zebra Technologies • Browse Complete Report
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