Global IoT in Manufacturing Market (2020 to 2025) - Rising Number of Data Centers Presents Opportunities

Dublin, Dec. 24, 2020 (GLOBE NEWSWIRE) -- The "IoT in Manufacturing Market by Component (Solutions (Network Management and Data Management) and Services (Professional and Managed)), Deployment Mode, Organization Size, Application, Vertical (Process and Discrete), and Region - Global Forecast to 2025" report has been added to's offering.

The IoT in manufacturing market size is projected to grow from USD 33.2 billion in 2020 to USD 53.8 billion by 2025, at a CAGR of 10.1%

The major factors driving the growth of the IoT in manufacturing market include growing demand for industrial automation in the manufacturing industry, rising need for centralized monitoring and predictive maintenance of assets, rise in the number of cost-effective and intelligent connected devices and sensors, increasing need for reliable, secure, and high-speed network connectivity, and increased adoption of cloud computing platforms.

Based on component, the solutions segment leads the IoT in the manufacturing market during the forecast period

With the increased number of networked sensors growing across the production sector, logistics and supply chain manufacturers are getting into a new generation of systems that enable various solutions, such as data management, device management, application management, network management, and smart surveillance. The ubiquity of these solutions and connected devices is finding applicability across multiple segments of the manufacturing and supply chain industry throughout the value chain. Organizations across the manufacturing industry are adopting IoT solutions and services, as it enables them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry. The key objective is to maximize the RoI of the current asset base as well as to reduce the cost. IoT in manufacturing solutions enables organizations to track assets and receive notifications when the maintenance of assets is due. It helps enterprises perform regular maintenance, thereby increasing the productivity of the asset.

Based on professional services, system designing and integration service segment is estimated to grow at a higher CAGR during the forecast period

System designing and integration services offer a wide range of designs for IoT ecosystems and the integration of IoT solutions, which support the operational systems and business activities. System design service providers sketch the complete IoT system to reduce business complexities and enhance profitability. Service providers also design customized services based on clients' needs and budgets to manage workflows and provide ease to their customers and employees. The customized services include IoT solutions and connectivity design, wireless network design, and IoT infrastructure design. On the other hand, integration services include the installation of IoT software and solutions into organizations' IoT ecosystem.

Based on deployment mode, the cloud segment is estimated to grow at a higher CAGR during the forecast period

Cloud-based deployment offers several benefits to organizations, such as scalability, flexibility in capacity, enhanced collaboration, cost-efficiency, reduced physical infrastructure, less maintenance cost, and 24/7 data accessibility of assets from any time, anywhere. Asset-intensive organizations prefer cloud-deployed solutions, as it offers scalability and agility in organizations and provides more functions than on-premises solutions at an affordable cost. With rapid advancements in cloud technology, organizations are inclined toward implementing cost-effective cloud-based solutions.

Based on verticals, discrete manufacturing segment is expected to lead the market during the forecast period

The discrete industry is concerned with the manufacturing and production of distinct units, such as automobiles, furniture, toys, smartphones, and airplanes. The discrete industry comprises a variety of verticals, such as automotive, machine manufacturing, semiconductor and electronics, medical devices, and logistics and transportation. The growth of IoT is leading to improvements in discrete manufacturing. For discrete manufacturers, IoT-enabled smart connected products provide a way to increase product functionality and generate additional value for customers.

APAC is expected to grow at a higher CAGR during the forecast period

APAC, being an emerging economy, is witnessing dynamic changes in the adoption of new technologies and expected to record the highest CAGR during the forecast period. With the presence of emerging countries, such as China, Japan, and India, the region is expected to witness high growth in the IoT in the manufacturing market. As the manufacturing industry in Asia is in its developing phase, the adoption capability is more as compared to North America and Europe. With a lower level of entrenched processes than their American or European counterparts, Asian manufacturing businesses have a greater ability to alter their operations.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in IoT in Manufacturing Market
4.2 Asia-Pacific Market, by Solution and Country
4.3 Market: Major Countries

5 Market Overview and Industry Trends
5.1 Market Overview
5.2 Market Dynamics
5.2.1 Drivers Growing Demand for Industrial Automation in Manufacturing Industry Rising Need for Centralized Monitoring and Predictive Maintenance of Assets Rise in the Number of Cost-Effective and Intelligent Connected Devices and Sensors Increasing Need for Reliable, Secure, and High-Speed Network Connectivity Increased Adoption of Cloud Computing Platforms
5.2.2 Restraints Privacy and Security Concerns Over the Use of Iot Lack of Interoperability and Common Standards
5.2.3 Opportunities Rising Number of Data Centers Emerging 5G Technology to Help IoT Adoption Globally Increase in Smart Manufacturing Initiatives Worldwide
5.2.4 Challenges Lack of Skilled Workforce for Operating Iot-Based Equipment Huge Initial Investments Required for Implementing IoT in Smart Manufacturing
5.3 Impact of COVID-19 on IoT in Manufacturing Market Dynamics Analysis
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.3.3 Cumulative Growth Analysis
5.4 Value Chain Analysis
5.5 Ecosystem
5.6 Average Selling Price Trend
5.7 Case Study Analysis
5.8 Impact of Disruptive Technologies
5.9 Regulatory Bodies in IoT in Manufacturing Market

6 IoT in Manufacturing Market, by Component
6.1 Introduction
6.2 Solutions
6.2.1 Solutions: COVID-19 Impact
6.2.2 Solutions: Market Drivers
6.3 Services
6.3.1 Services: COVID-19 Impact
6.3.2 Services: Market Drivers

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

8 IoT in Manufacturing Market, by Service
8.1 Introduction
8.2 Managed Services
8.2.1 Managed Services: Market Drivers
8.2.2 Infrastructure Management Services
8.2.3 Infrastructure Management Services: IoT in Manufacturing Market Drivers
8.2.4 Security Management Services
8.2.5 Security Management Services: Market Drivers
8.2.6 Network Management Services
8.2.7 Network Management Services: Market Drivers
8.2.8 Data Management Services
8.2.9 Data Management Services: IoT in Manufacturing Market Drivers
8.2.10 Device Management Services
8.2.11 Device Management Services: Market Drivers
8.3 Professional Services
8.3.1 Professional Services: Market Drivers
8.3.2 IoT Consulting Services
8.3.3 IoT Consulting Services: Market Drivers Technology Consulting Services Business Consulting Services Operational Consulting Services
8.3.4 IoT Infrastructure Services
8.3.5 IoT Infrastructure Services: IoT in Manufacturing Market Drivers Network Services Deployment Services Cloud Services
8.3.6 System Designing and Integration Services
8.3.7 System Designing and Integration Services: IoT in Manufacturing Market Drivers Platform Development and Integration Services Mobile and Web Application Development Services
8.3.8 Support and Maintenance Services
8.3.9 Support and Maintenance Services: IoT in Manufacturing Market Drivers
8.3.10 Education and Training Services
8.3.11 Education and Training Services: IoT in Manufacturing Market Drivers

9 IoT in Manufacturing Market, by Deployment Mode
9.1 Introduction
9.2 On-Premises
9.2.1 On-Premises: Market Drivers
9.3 Cloud
9.3.1 Cloud: Market Drivers

10 IoT in Manufacturing Market, by Organization Size
10.1 Introduction
10.2 Large Enterprises
10.2.1 Large Enterprises: Market Drivers
10.3 Small and Medium-Sized Enterprises
10.3.1 Small and Medium-Sized Enterprises: Market Drivers

11 IoT in Manufacturing Market, by Application
11.1 Introduction
11.1.1 Applications: COVID-19 Impact
11.2 Predictive Maintenance
11.2.1 Predictive Maintenance: Market Drivers
11.3 Business Process Optimization
11.3.1 Business Process Optimization: IoT in Manufacturing Market Drivers
11.4 Asset Tracking and Management
11.4.1 Asset Tracking and Management: Market Drivers
11.5 Logistics and Supply Chain Management
11.5.1 Logistics and Supply Chain Management: Market Drivers
11.6 Real-Time Workforce Tracking and Management
11.6.1 Real-Time Workforce Tracking and Management: Market Drivers
11.7 Automation Control and Management
11.7.1 Automation Control and Management: IoT in Manufacturing Market Drivers
11.8 Emergency and Incident Management, and Business Communication
11.8.1 Emergency and Incident Management, and Business Communication: Market Drivers

12 IoT in Manufacturing Market, by Vertical
12.1 Introduction
12.1.1 Verticals: COVID-19 Impact
12.2 Process Manufacturing
12.2.1 Process Manufacturing: Market Drivers
12.2.2 Energy and Utilities
12.2.3 Chemicals and Materials
12.2.4 Food and Beverage
12.2.5 Water and Waste Management
12.2.6 Other Verticals
12.3 Discrete Manufacturing
12.3.1 Discrete Manufacturing: IoT in Manufacturing Market Drivers
12.3.2 Automotive
12.3.3 Machine Manufacturing
12.3.4 Semiconductor and Electronics
12.3.5 Medical Devices
12.3.6 Logistics and Transportation

13 IoT in Manufacturing Market, by Region
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 Introduction
14.2 Market Evaluation Framework
14.3 Revenue Analysis of Top Market Players
14.4 Market Share Analysis
14.4.1 Introduction
14.5 Key Players in IoT in Manufacturing Market, 2020
14.6 Company Evaluation Matrix, 2020
14.6.1 Star
14.6.2 Emerging Leader
14.6.3 Pervasive
14.7 Startup/SME Evaluation Matrix, 2020
14.7.1 Progressive Companies
14.7.2 Responsive Companies
14.7.3 Dynamic Companies
14.7.4 Starting Blocks

15 Company Profiles
15.1 Introduction
15.2 Cisco
15.3 IBM
15.4 PTC
15.5 Microsoft
15.6 GE
15.7 SAP
15.8 Siemens Ag
15.9 Huawei
15.11 ATOS
15.12 HCL
15.13 Intel
15.14 Oracle
15.15 Schneider Electric
15.16 Zebra Technologies
15.17 Software Ag
15.18 Telit
15.19 Wind River
15.20 Clearblade
15.21 Litmus
15.22 Uptake
15.23 Hqsoftware
15.24 Sciencesoft
15.25 Mocana
15.26 Impinj

16 Adjacent/Related Markets
16.1 IoT Platform Market
16.1.1 Market Definition
16.1.2 Limitations of the Study
16.1.3 Market Overview
16.1.4 IoT Platform Market, by Platform Type
16.1.5 Device Management Platform
16.1.6 Application Management Platform
16.1.7 Connectivity Management Platform
16.1.8 IoT Platform Market, by Application Area
16.1.9 IoT Platform Market, by Vertical
16.1.10 IoT Platform Market, by Region
16.2 IoT Market
16.2.1 Market Definition
16.2.2 Limitations of the Study
16.2.3 Market Overview
16.2.4 IoT Market, by Device and Technology
16.2.5 IoT Market, by Software
16.2.6 IoT Market, by Vertical
16.2.7 IoT Market, by Region

17 Appendix

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