The Internet of Things in Manufacturing Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Market Size & Growth:

• The Internet of Things in Manufacturing Market size reached a valuation of USD 97.03 billion in 2023.
• The Internet of Things in Manufacturing Market growth is projected to reach a valuation of USD 673.95 billion by 2032.
• The Internet of Things in Manufacturing Market share is expected to register a compound annual growth rate (CAGR) of 24.5% from 2023 to 2032.

Recent Key Trends:

• iot squared took over Saudi-based IoT company Machinestalk to solidify their market position in Saudi and expand their IoT offering for the manufacturing sector
• China Telecom and ABB collaborated to open an industrial IoT laboratory in Hangzhou. The laboratory will focus on building end-to-end industrial IoT solutions for Chinese manufacturers.
• Aeris, a leading provider of Internet of Things (IoT) solutions, acquired the IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) business of Ericsson along with its related assets to strengthen their global footprint
• Wipro Infrastructure Engineering’s industrial automation business signed a definitive agreement to acquire Linecraft.AI, an Indian industrial Internet of Things (IoT) product start-up in the manufacturing sector.
• Accenture acquired SALT Solutions AG, a German-based technology consultancy company that builds cloud-based industrial Internet of Things (IoT) platforms to help clients with their manufacturing and logistics operations.

This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Internet of Things in Manufacturing markets. Leading global Internet of Things in Manufacturing market players and manufacturers are studied to give a brief idea about the competitions.

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Key Players:

• Cisco Systems, Inc.
• IBM Corporation
• General Electric Company
• Intel Corporation
• Siemens AG
• Microsoft Corporation
• SAP SE
• SOFTWARE AG
• ZEBRA TECHNOLOGIES
• HITACHI LTD.

Regional Trends:

• North America: U.S., Canada, Mexico
• Europe: Germany, U.K., France, Italy, Spain, Rest of Europe
• Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
• Latin America: Brazil, Argentina, Rest of Latin America
• Middle East & Africa: GCC Countries, South Africa, Rest of MEA

Highlights of Our Report

Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Internet of Things in Manufacturing Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.

Market Segmentation:

By Platform

• Device Management 
• Application Management 
• Network Management

By Software & Services

• Software Solution
• Data Management
• Streaming Analytics
• Smart Surveillance
• Remote Monitoring
• Network Band Management
• Services

By Application

• Predictive Maintenance
• Asset Tracking and Management
• Logistics and Supply Chain Management
• Real-Time Workforce Tracking and Management
• Emergency and Incident Management
• Others (Business Process Optimization, Business Communication, etc.)

Key Drivers/ Restrains:

• Drivers:
• Increasing demand for automation and data-driven decision-making to enhance operational efficiency and productivity in manufacturing.
• Technological advancements in IoT devices and connectivity solutions enabling real-time monitoring and predictive maintenance.
• Restraints:
• High implementation costs and complexity associated with integrating IoT systems into existing manufacturing processes.
• Concerns regarding data security and privacy risks associated with increased connectivity and data exchange.

In Summary:

The IoT in Manufacturing Market is transforming production processes through real-time monitoring, predictive maintenance, and supply chain optimization. The integration of AI, cloud computing, and edge analytics is driving efficiency and reducing downtime.

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