Meticulous Research®—a leading global market research company, published a research report titled, ‘IoT in Manufacturing Market by Component (Platform, Connectivity), Application (Resource Optimization, Machine Inspection & Maintenance), End User (Automotive, Medical Devices) and Geography—Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the IoT in Manufacturing Market is expected to register a CAGR of 13.7% from 2022–2029 to reach $233.6 billion by 2029. The rising demand for industrial automation in manufacturing and growing investments in Industry 4.0 are the major factors driving the growth of this market. However, data security and privacy issues in IoT can restrain market growth to a certain extent. Emerging 5G technology to help IoT adoption is expected to offer significant opportunities for the growth of this market.
The global IoT in manufacturing market is segmented by component, deployment mode, organization size, application, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Download Research Sample @
https://www.meticulousresearch.com/download-sample-report/cp_id=5371
Based on component, the global IoT in manufacturing market is segmented into hardware, platform, services, and connectivity. In 2022, the hardware segment is expected to account for the largest share of the global IoT in manufacturing market. The large market share of this segment is attributed to factors such as consistent engagement of the manufacturing sector in improving efficiency, reducing costs, and increasing overall equipment effectiveness (OEE). However, the platform segment is expected to register the highest CAGR during the forecast period. The rising adoption of IoT platforms in the manufacturing sector by various end users to improve operational efficiency drives the segment’s growth.
Speak To Analyst:
https://www.meticulousresearch.com/speak-to-analyst/cp_id=5371
Geographic Review:
Based on geography, the global IoT in manufacturing market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global IoT in manufacturing market. Factors such as favorable government initiatives, technological innovation, the growing number of industrial organizations, and the increasing adoption of IoT devices to optimize operational efficiency drive the market’s growth. The region is also a hotbed of industrial robotics innovation, with China, Japan, and South Korea the three largest global markets. In addition, half of all APAC manufacturers are expected to have smart factories within three years.
Quick Buy:
https://www.meticulousresearch.com/Checkout/56276327Meticulous Research®—a leading global market research company, published a research report titled, ‘IoT in Manufacturing Market by Component (Platform, Connectivity), Application (Resource Optimization, Machine Inspection & Maintenance), End User (Automotive, Medical Devices) and Geography—Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the IoT in Manufacturing Market is expected to register a CAGR of 13.7% from 2022–2029 to reach $233.6 billion by 2029. The rising demand for industrial automation in manufacturing and growing investments in Industry 4.0 are the major factors driving the growth of this market. However, data security and privacy issues in IoT can restrain market growth to a certain extent. Emerging 5G technology to help IoT adoption is expected to offer significant opportunities for the growth of this market.
The global IoT in manufacturing market is segmented by component, deployment mode, organization size, application, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Download Research Sample @ https://www.meticulousresearch.com/download-sample-report/cp_id=5371
Based on component, the global IoT in manufacturing market is segmented into hardware, platform, services, and connectivity. In 2022, the hardware segment is expected to account for the largest share of the global IoT in manufacturing market. The large market share of this segment is attributed to factors such as consistent engagement of the manufacturing sector in improving efficiency, reducing costs, and increasing overall equipment effectiveness (OEE). However, the platform segment is expected to register the highest CAGR during the forecast period. The rising adoption of IoT platforms in the manufacturing sector by various end users to improve operational efficiency drives the segment’s growth.
Speak To Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5371
Geographic Review:
Based on geography, the global IoT in manufacturing market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global IoT in manufacturing market. Factors such as favorable government initiatives, technological innovation, the growing number of industrial organizations, and the increasing adoption of IoT devices to optimize operational efficiency drive the market’s growth. The region is also a hotbed of industrial robotics innovation, with China, Japan, and South Korea the three largest global markets. In addition, half of all APAC manufacturers are expected to have smart factories within three years.
Quick Buy: https://www.meticulousresearch.com/Checkout/56276327
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek