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IoT in Manufacturing Market by Software (Network & Application Security, Network Bandwidth, Remote Monitoring, Data Management, & Smart Surveillance), Platform, Service, Application, Vertical Markets, and Region - Global Forecast to 2021

  • ID: 4042774
  • Report
  • January 2017
  • Region: Global
  • 194 Pages
  • Markets and Markets
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The Internet of Things (Iot) in Manufacturing Market Size is Expected to Grow USD 6.17 Billion in 2016 to USD 20.59 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.2% from 2016 to 2021

FEATURED COMPANIES

  • Cisco Systems, Inc.
  • General Electric
  • IBM Corporation
  • Konux
  • Microsoft Corporation
  • PTC Incorporation
  • MORE

The Internet of Things (IoT) in manufacturing market size is expected to grow USD 6.17 billion in 2016 to USD 20.59 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.2% from 2016 to 2021. Predictive maintenance plays a significant role in managing high valued factory equipment. The predictive maintenance techniques are designed to determine the condition of in-service manufacturing equipment in order to predict when the maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance because tasks are performed only when required. Load balancing with centralized monitoring solution improves the distribution of additional workloads across the manufacturing operations to enable smoother functioning and allocation of resources to multiple manufacturing processes, thereby boosting the manufacturing efficiency and productivity. Furthermore, lack of standards for interconnectivity and interoperability between IoT devices is one of the biggest restraining factor for the IoT in manufacturing market. In addition, data security & privacy concerns, and shadow IT risk are the other factors restraining the growth of the IoT in manufacturing market.

Business consulting services play a significant role in IoT in manufacturing, as enterprises find it suitable to consult with the business professionals before implementing IoT platforms and solutions in manufacturing processes. Most of the IoT vendors offer business consulting services to their commercial clients, including manufacturing companies, and monitor the impact analysis of production cost, quality, flexibility, service levels, and control. These services provide a clear understanding of the current and future product portfolio, core capabilities & needs of the organizations, and future footprint & capacity plan, including which sites should be closed, consolidated, or prioritized for manufacturing operation optimizations.

North America is expected to hold the largest market share during the forecast period. Major IoT in manufacturing vendors in this region such as IBM Corporation, Cisco System, Inc., General Electric, and PTC Incorporation offer a number of reliable and enhanced IoT platforms and services to cater to the various needs of the enterprises and their commercial clients. The APAC market is expected to witness exponential growth and is projected to be the fastest-growing region for the IoT in manufacturing market. It has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market. The APAC region includes early adopters of evolving technology such as the countries of Australia, India, China, Japan, and Singapore. In addition, they are taking aggressive initiatives to upsurge the IT infrastructure enabling commercial users to adopt the cutting-edge technology. Initiatives such as incubation centers (National Centre of Excellence) with industry associations, Industrial Value Chain Initiative (IVI), and Made in China 2025' strategy are expected to help and boost the IoT in manufacturing market in APAC.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people.

Break-up of profile of primary participants is as follows:

  • By Company: Tier 1 - 30 %, Tier 2 - 40% and Tier 3 - 30%
  • By Designation: C level - 72%, Director level - 14%, Others - 14%
  • By Region: North America - 57%, Europe - 14%, APAC - 29%

The IoT in manufacturing ecosystem comprises the major vendors such as IBM Corporation (U.S.), Cisco System, Inc. (U.S.), PTC Incorporation. (U.S.), General electric (U.S.), and SAP SE (Germany), Zebra Technologies (U.S.), Rockwell Automation (U.S.), Siemens AG (Germany), Huawei (China), Microsoft Corporation (U.S), and Bosch Software Innovation GMBH (Germany).

Research Coverage:

The report includes in-depth competitive analysis of these key players in the IoT in manufacturing market, with their company profiles, SWOT analysis, recent developments, and key market strategies. The research report segments the IoT in manufacturing market by platform, software, services, application, vertical markets, and region.

Reasons to buy the Report

The IoT in manufacturing market has been segmented on the basis of software, platform, service, application, vertical markets, and region.

The report will help the market leaders/new entrants in this market in the following ways:

1. The overall IoT in manufacturing market in this report has been defined as the markets of software, services, and platforms offered by IoT vendors, inclusive of professional and managed IoT services.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cisco Systems, Inc.
  • General Electric
  • IBM Corporation
  • Konux
  • Microsoft Corporation
  • PTC Incorporation
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market Top Three Growing Application Areas
4.3 Market By Component and By Region, 2016
4.4 IoT in Manufacturing Market, By Region, 2016 vs 2021
4.5 Best Markets to Invest (2016-2021)
4.6 Vertical Growth Matrix
4.7 Lifecycle Analysis, By Region

5 Market Overview
5.1 Market Segmentation
5.1.1 By Software
5.1.2 By Platform
5.1.3 By Service
5.1.4 By Professional Service Type
5.1.5 By Vertical Markets
5.1.6 By Region
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need for Centralized Monitoring and Predictive Maintenance of Manufacturing Infrastructure
5.2.1.2 Demand-Driven Supply Chain and Connected Logistics
5.2.1.3 Need for Agile Production, Operational Efficiency, and Control
5.2.1.4 Advent of Advanced Data Analytics and Data Processing
5.2.1.5 Increase in Regulatory Compliances
5.2.1.6 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 Risk
5.2.3 Opportunities
5.2.3.1 Autonomous Outcome 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 From Legacy Systems to New Systems
5.2.4.2 Conflicts Regarding Ownership of Data
5.2.4.3 Inconsistent Business Semantics

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking

7 IoT in Manufacturing Market Analysis, By Component
7.1 Introduction
7.2 Software
7.3 Platform
7.4 Services

8 IoT in Manufacturing Market Analysis, By Software
8.1 Introduction
8.2 Network and Application Security
8.3 Network Bandwidth Management
8.4 Remote Monitoring System
8.5 Data Management
8.6 Smart Surveillance

9 IoT in Manufacturing Market Analysis, By Platform
9.1 Introduction
9.2 Device Management Platform
9.3 Application Management Platform
9.4 Connectivity Management Platform

10 IoT in Manufacturing Market Analysis, By Service
10.1 Introduction
10.2 Professional Services
10.2.1 Business Consulting Services
10.2.2 Device and Application Management Services
10.2.3 Installation and Integration Services
10.2.4 IoT Billing and Subscription Management
10.2.5 M2M Billing Management
10.3 Managed Services

11 IoT in Manufacturing Market Analysis, By Application
11.1 Introduction
11.2 Predictive Maintenance
11.3 Business Process Optimization
11.4 Asset Tracking and Management
11.5 Logistics and Supply Chain Management
11.6 Real-Time Workforce Tracking and Management
11.7 Automation Control and Management
11.8 Emergency & Incident Management, and Business Communication

12 IoT in Manufacturing Market Analysis, By Vertical Markets
12.1 Introduction
12.2 Automotive Manufacturing
12.3 Industrial Equipment Manufacturing
12.4 Electronics and Communication Equipment Manufacturing
12.5 Chemicals and Materials Equipment Manufacturing
12.6 Food and Agriculture Equipment Manufacturing
12.7 Others

13 Geographic Analysis
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia-Pacific
13.5 Middle East and Africa
13.6 Latin America

14 Competitive Landscape
14.1 Overview
14.2 Competitive Situations and Trends
14.3 Agreements, Partnerships, and Collaborations
14.4 New Product Launches
14.5 Mergers and Acquisitions

15 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View) -
15.1 Introduction
15.2 PTC Incorporation
15.3 Cisco Systems, Inc.
15.4 General Electric
15.5 IBM Corporation
15.6 SAP SE
15.7 Zebra Technologies
15.8 Rockwell Automation
15.9 Siemens AG
15.10 Huawei
15.11 Microsoft Corporation
15.12 Bosch Software Innovations GmbH

16 Key Innovators
16.1 Clearblade Inc.
16.1.1 Business Overview
16.2 Konux
16.2.1 Business Overview
16.3 Mocana
16.3.1 Business Overview
16.4 Impinj
16.4.1 Busniess Overview
16.5 Litmus Automation
16.5.1 Business Overview
16.6 Uptake
16.6.1 Business Overview

17 Appendix
17.1 Industry Experts
17.2 Recent Developments
17.3 Discussion Guide

List of Tables

Table 1 IoT in Manufacturing Market Size and Growth Rate, 2014-2021 (USD Million, Y-O-Y %)
Table 2 Market Size, By Component, 2014-2021 (USD Million)
Table 3 Software: Market Size, By Region, 2014-2021 (USD Million)
Table 4 Platform: Market Size, By Region, 2014-2021 (USD Million)
Table 5 Services: Market Size, By Region, 2014-2021 (USD Million)
Table 6 IoT in Manufacturing Market Size, By Software, 2014-2021 (USD Million)
Table 7 Network and Application Security: Market Size, By Region, 2014-2021 (USD Million)
Table 8 Network Bandwidth Management: Market Size, By Region, 2014-2021 (USD Million)
Table 9 Remote Monitoring System: Market Size, By Region, 2014-2021 (USD Million)
Table 10 Data Management: Market Size, By Region, 2014-2021 (USD Million)
Table 11 Smart Surveillance: Market Size, By Region, 2014-2021 (USD Million)
Table 12 IoT in Manufacturing Market Size, By Platform, 2014-2021 (USD Million)
Table 13 Device Management Platform: Market Size, By Region, 2014-2021 (USD Million)
Table 14 Application Management Platform: Market Size, By Region, 2014-2021 (USD Million)
Table 15 Connectivity Management Platform: Market Size, By Region, 2014-2021 (USD Million)
Table 16 IoT in Manufacturing Market Size, By Service, 2014-2021 (USD Million)
Table 17 Professional Services: Market Size, By Region, 2014-2021 (USD Million)
Table 18 IoT in Manufacturing Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 19 Business Consulting Services: Market Size, By Region, 2014-2021 (USD Million)
Table 20 Device and Application Management Services: Market Size, By Region, 2014-2021 (USD Million)
Table 21 Installation and Integration Services: Market Size, By Region, 2014-2021 (USD Million)
Table 22 IoT Billing and Subscription Management: Market Size, By Region, 2014-2021 (USD Million)
Table 23 M2M Billing Management: Market Size, By Region, 2014-2021 (USD Million)
Table 24 Managed Services: Market Size, By Region, 2014-2021 (USD Million)
Table 25 IoT in Manufacturing Market Size, By Application, 2014-2021 (USD Million)
Table 26 Predictive Maintenance: Market Size, By Region, 2014-2021 (USD Million)
Table 27 Business Process Optimization: Market Size, By Region, 2014-2021 (USD Million)
Table 28 Asset Tracking and Management: Market Size, By Region, 2014-2021 (USD Million)
Table 29 Logistics and Supply Chain Management: Market Size, By Region, 2014-2021 (USD Million)
Table 30 Real-Time Workforce Tracking and Management: Market Size, By Region, 2014-2021 (USD Million)
Table 31 Automation Control and Management: Market Size, By Region, 2014-2021 (USD Million)
Table 32 Emergency & Incident Management, and Business Communication: Market Size, By Region, 2014-2021 (USD Million)
Table 33 IoT in Manufacturing Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 34 Automotive Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 35 Industrial Equipment Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 36 Electronics and Communication Equipment Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 37 Chemicals and Materials Equipment Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 38 Food and Agriculture Equipment Manufacturing: Market Size, By Region, 2014-2021 (USD Million)
Table 39 Others: IoT in Manufacturing Market Size, By Region, 2014-2021 (USD Million)
Table 40 IoT in Manufacturing Market Size, By Region, 2014-2021 (USD Million)
Table 41 North America: Market Size, By Component, 2014-2021 (USD Million)
Table 42 North America: Market Size, By Software, 2014-2021 (USD Million)
Table 43 North America: Market Size, By Platform, 2014-2021 (USD Million)
Table 44 North America: Market Size, By Service, 2014-2021 (USD Million)
Table 45 North America: Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 46 North America: Market Size, By Application, 2014-2021 (USD Million)
Table 47 North America: IoT in Manufacturing Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 48 Europe: Market Size, By Component, 2014-2021 (USD Million)
Table 49 Europe: Market Size, By Software, 2014-2021 (USD Million)
Table 50 Europe: Market Size, By Platform, 2014-2021 (USD Million)
Table 51 Europe: Market Size, By Service, 2014-2021 (USD Million)
Table 52 Europe: Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 53 Europe: Market Size, By Application, 2014-2021 (USD Million)
Table 54 Europe: IoT in Manufacturing Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By Component, 2014-2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Software, 2014-2021 (USD Million)
Table 57 Asia-Pacific: Market Size, By Platform, 2014-2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Service, 2014-2021 (USD Million)
Table 59 Asia-Pacific: Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 60 Asia-Pacific: Market Size, By Application, 2014-2021 (USD Million)
Table 61 Asia-Pacific: Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 62 Middle East and Africa: Market Size, By Component, 2014-2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Software, 2014-2021 (USD Million)
Table 64 Middle East and Africa: Market Size, By Platform, 2014-2021 (USD Million)
Table 65 Middle East and Africa: Market Size, By Service, 2014-2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 67 Middle East and Africa: Market Size, By Application, 2014-2021 (USD Million)
Table 68 Middle East and Africa: Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 69 Latin America: IoT in Manufacturing Market Size, By Component, 2014-2021 (USD Million)
Table 70 Latin America: Market Size, By Software, 2014-2021 (USD Million)
Table 71 Latin America: Market Size, By Platform, 2014-2021 (USD Million)
Table 72 Latin America: Market Size, By Service, 2014-2021 (USD Million)
Table 73 Latin America: Market Size, By Professional Service Type, 2014-2021 (USD Million)
Table 74 Latin America: Market Size, By Application, 2014-2021 (USD Million)
Table 75 Latin America: Market Size, By Vertical Markets, 2014-2021 (USD Million)
Table 76 Agreements, Partnerships, and Collaborations, 2015-2016
Table 77 New Products Launches, 2015-2016
Table 78 Mergers and Acquisitions, 2014-2016
Table 79 Agreements, Partnerships, and Collaborations, 2014-2016
Table 80 Acquisitions, 2014-2016
Table 81 New Product Launches, 2014-2016

List of Figures

Figure 1 IoT in Manufacturing Market Segmentation
Figure 2 IoT in Manufacturing Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market Component Snapshot: Software Component is Expected to Dominate the Market (2016-2021)
Figure 7 Market Regional Snapshot: North America is Expected to Dominate the Market (2016-2021)
Figure 8 IoT in Manufacturing Market Vertical Snapshot: Industrial Equipment Manufacturing Vertical is Expected to Dominate the Market (2016-2021)
Figure 9 North America is Estimated to Hold the Largest Market Share in 2016
Figure 10 Growing Need for Centralized Monitoring & Predictive Maintenance of Manufacturing Infrastructure and Demand-Driven Supply Chain & Connected Logistics is Driving the IoT in Manufacturing Market
Figure 11 Automation Control & Management, Real-Time Workforce Tracking & Management, and Emergency & Incident Management and Business Communication Application Areas are Expected to Grow at Impressive Rates During the Forecast Period
Figure 12 Software Component is Expected to Hold the Largest Market Share in the IoT in Manufacturing Market During the Forecast Period
Figure 13 Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Asia-Pacific is Considered as the Best Market to Invest in During the Forecast Period
Figure 15 Electronics and Communication Equipment Manufacturing Vertical is Showcasing the Highest Growth Rate During the Forecast Period
Figure 16 Regional Lifecycle
Figure 17 Market Segmentation
Figure 18 Market Segmentation: By Software
Figure 19 Market Segmentation: By Platform
Figure 20 Market Segmentation: By Service
Figure 21 Market Segmentation: By Professional Service Type
Figure 22 Market Segmentation: By Vertical Markets
Figure 23 Market Segmentation: By Region
Figure 24 Market Drivers, Restraints, Opportunities, and Challenges
Figure 25 Market Value Chain Analysis
Figure 26 Strategic Benchmarking: Agreements, Partnerships, and Collaborations
Figure 27 Software Component is Expected to Lead the IoT in Manufacturing Market During the Forecast Period
Figure 28 North America is Expected to Lead in the Software Component of Market During the Forecast Period
Figure 29 North America is Expected to Lead in the Platform Component of Market During the Forecast Period
Figure 30 Data Management Software is Expected to Dominate the Market During the Forecast Period
Figure 31 North America Region is Expected to Dominate the Data Management Software of IoT in Manufacturing Market During the Forecast Period
Figure 32 North America Region is Expected to Dominate the Smart Survillance Software Market During the Forecast Period
Figure 33 Device Management Platform is Expected to Lead the IoT in Manufacturing Platform Market During the Forecast Period
Figure 34 North America is Expected to Dominate the Device Management Platform Market During the Forecast Period
Figure 35 Professional Services Segment is Expected to Grow Threefold in the IoT in Manufacturing Market During the Forecast Period
Figure 36 North America is Expected to Grow for Professional Services in the Market During the Forecast Period
Figure 37 North America is Expected to Dominate the Business Consulting Services in Market During the Forecast Period
Figure 38 North America is Expected to Dominate the Device and Application Management Services in IoT in Manufacturing Market During the Forecast Period
Figure 39 North America is Expected to Grow for Managed Services in the Market During the Forecast Period
Figure 40 Asset Tracking and Management is Expected to Dominate the Application in IoT in Manufacturing Market During the Forecast Period
Figure 41 North America is Expected to Dominate the Real-Time Workforce Tracking and Management Application in IoT in Manufacturing Market During the Forecast Period
Figure 42 Industrial Equipment Manufacturing is Expected to Exhibit the Largest Market Size in the IoT in Manufacturing Market During the Forecast Period
Figure 43 North America is Expected to Exhibit the Largest Market Size in the Industrial Equipment Manufacturing Market During the Forecast Period
Figure 44 North America is Expected to Exhibit the Largest Market Size in the Electronics and Communication Equipment Manufacturing During the Forecast Period
Figure 45 Asia-Pacific is Expected to Exhibit the Highest CAGR in the IoT in Manufacturing Market During the Forecast Period
Figure 46 Geographic Snapshot: Asia-Pacific and Middle East & Africa are Emerging as New Hotspots
Figure 47 Software Component is Expected to Exhibit the Largest Market Size in the IoT in Manufacturing Market During the Forecast Period
Figure 48 North America: Geographic Snapshot
Figure 49 Software Component is Expected to Exhibit the Largest Market Size in the IoT in Manufacturing Market During the Forecast Period
Figure 50 Asia-Pacific: Geographic Snapshot
Figure 51 Data Management Software is Expected to Exhibit the Largest Market Size in the IoT in Manufacturing Market During the Forecast Period
Figure 52 Application Management Platform is Expected to Exhibit the Largest Market Size in the IoT in Manufacturing Market During the Forecast Period
Figure 53 Companies Adopted Agreements, Partnerships, and Collaborations as One of the Key Growth Strategies During the Period 2014-2016
Figure 54 Companies Adopted Agreements, Partnerships, and Collaborations and New Product Launches as the Key Growth Strategies During the Period 2014-2016
Figure 55 Battle for Market Share: Agreements, Partnerships, and Collaborations Was the Leading Inorganic Strategy Adopted By Vendors in the IoT Manufacturing Market During the Period 2014-2016
Figure 56 Geographic Revenue Mix of Major Players
Figure 57 PTC Incorporation: Company Snapshot
Figure 58 PTC Incorporation: SWOT Analysis
Figure 59 Cisco Systems, Inc.: Company Snapshot
Figure 60 Cisco Systems, Inc.: SWOT Analysis
Figure 61 General Electric: Company Snapshot
Figure 62 General Electric: SWOT Analysis
Figure 63 IBM Corporation: Company Snapshot
Figure 64 IBM Corporation: SWOT Analysis
Figure 65 SAP SE: Company Snapshot
Figure 66 SAP SE: SWOT Analysis
Figure 67 Zebra Technologies: Company Snapshot
Figure 68 Rockwell Automation: Company Snapshot
Figure 69 Siemens AG: Company Snapshot
Figure 70 Huawei: Company Snapshot
Figure 71 Microsoft Corporation: Company Snapshot
Figure 72 Bosch Software Innovations GmbH: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cisco Systems, Inc.
  • General Electric
  • IBM Corporation
  • Konux
  • Microsoft Corporation
  • PTC Incorporation
  • MORE

The IoT in Manufacturing market size is expected to grow from USD 6.17 Billion in 2016 to USD 20.59 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.2%.

The IoT in manufacturing market is segmented on the basis of software, platforms, services, applications, and vertical markets. The software segment is categorized into network & application security, network bandwidth management, remote monitoring system, data management, and smart surveillance. Data management holds the largest market share in the software segment, as it overcomes the data silos concerns and provides storage, logging, and auditing facilities for the offline analysis of operational data. The platform segment is categorized into device management platform, application management platform, and connectivity management platform. The device management platform holds the largest market share owing to its usability to monitor and configure the smart manufacturing devices and equipment, thereby boosting the manufacturing operation efficiency and productivity. The services segment is categorized into professional and managed services. The professional service type segment includes, business consulting services, device & application management, installation & integration, IoT billing & subscription management, and Machine-to-Machine (M2M) billing & subscription management.

Manufacturing enterprises are focusing toward increasing their business processes and production output with optimum resource utilization. IoT in manufacturing is gaining traction with the advent of smart devices, advanced data analytics techniques, and increasing need of manufacturers to deploy IoT enabled sub-systems so as to increase the overall efficiency. Industrial IoT vendors are also achieving control over multiple heterogonous manufacturing processes by integrating advanced IoT platforms and solutions to automate manufacturing operations. Industrial IoT delivers transformational value in productivity and competitiveness through data analytics & real-time computing systems and controls the overall industrial process with high precision.

Smart manufacturing allows users to track the real-time data of all the manufacturing processes. The data generated through IoT devices can be integrated and analyzed with the help of different analytics techniques. The report generated after data analysis is used by process engineers, yield engineers, and factory managers for decision making. Hence, smart manufacturing is instrumental in transforming businesses into pre-emptive, autonomic organizations that can forecast & resolve disruptive issues, develop operations & delight customers, while increasing the bottom line and productivity.

Lack of standards for interconnectivity & interoperability and data security & privacy concerns are some of the restraining factors for the IoT in manufacturing market. However, the recent developments, new product launches, and acquisitions of major market players in the IoT in manufacturing arena are boosting the growth of the market. This study also measures and evaluates the major offerings and key strategies of major vendors such as PTC (U.S.), Cisco Systems, Inc. (U.S.), General Electric (U.S.), SAP SE (Germany), IBM Corporation (U.S.), Zebra Technologies (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), Bosch Software Innovations GmbH (Germany), Rockwell Automation (U.S.), and Huawei (China), have been at the forefront in offering innovative IoT manufacturing solutions and services to their commercial clients across diverse geographical locations.

North America is expected to hold the largest market share and would dominate the IoT in manufacturing market from 2016 to 2021. This region has the major dominance with sustainable and well-established economies, empowering them to strongly invest in research and development activities, thereby contributing to the development of new technologies such as IoT, big data, DevOps, and mobility. Further, the advent of small and medium enterprises and start-up culture in North America is growing at a faster pace as compared to other regions.

Asia-pacific (APAC) has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market. It is estimated to grow at the highest CAGR during the forecast period in the IoT in manufacturing market, which can be attributed to various initiatives taken by countries such as China, Australia, Japan, India, and Singapore.

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  • Bosch Software Innovations GmbH
  • Cisco Systems, Inc.
  • Clearblade Inc.
  • General Electric
  • Huawei
  • IBM Corporation
  • Impinj
  • Konux
  • Litmus Automation
  • Microsoft Corporation
  • Mocana
  • PTC Incorporation
  • Rockwell Automation
  • SAP SE
  • Siemens AG
  • Uptake
  • Zebra Technologies
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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