DUBLIN, Jan. 31, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "IoT in Manufacturing Market - Global Forecast to 2021" report to their offering.
IoT in Manufacturing market size 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%.
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.
- Bosch Software Innovations GmbH
- Cisco Systems, Inc.
- Clearblade Inc.
- General Electric
- IBM Corporation
- Litmus Automation
- Microsoft Corporation
- PTC Incorporation
- Rockwell Automation
- SAP SE
- Siemens AG
- Zebra Technologies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT in Manufacturing Market Analysis, By Component
8 IoT in Manufacturing Market Analysis, By Software
9 IoT in Manufacturing Market Analysis, By Platform
10 IoT in Manufacturing Market Analysis, By Service
11 IoT in Manufacturing Market Analysis, By Application
12 IoT in Manufacturing Market Analysis, By Vertical Markets
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
16 Key Innovators
For more information about this report visit
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/internet-of-things-iot-in-manufacturing-market-size-to-reach-2059-billion-by-2021-gaining-traction-with-the-advent-of-smart-devices---research-and-markets-300399476.html
SOURCE Research and Markets