Global IoT in Manufacturing Market Analysis & Trends - Industry Forecast to 2030

Global IoT in Manufacturing Market Analysis & Trends - Industry Forecast to 2030

The Global IoT in Manufacturing Market is poised to grow at a CAGR of around 13.9% over the next decade to reach approximately $161.3 billion by 2030. Some of the prominent trends that the market is witnessing include the rising need for centralized monitoring and predictive maintenance of assets, growing demand for industrial automation in the manufacturing industry and the increasing number of cost-effective and intelligent connected devices and sensors.

Based on deployment mode, the market is bifurcated into cloud and on-premises. By solution, the market is fragmented into application management, connectivity management platform and smart surveillance. Based on organization size, the market is classified into small & medium enterprises (SMEs) and large enterprises. With respect to connectivity, the market is segmented into cellular network, near field communication (NFC), radio frequency identification (RFID), satellite network, Wi-Fi, sensor and connectivity technology.

On the contrary to the component, the market is divided into software and services. Software segment is classified as application security software, data management and analytics software, monitoring software, network management and device management. Data management and analytics software is further segmented as data analytics and visualization, data governance, data integration, data migration, data orchestration, data security and metadata management. Monitoring software is further segmented as central monitoring system and video analytics and events. Network management is further segmented as network bandwidth management, network configuration management, network performance monitoring and management and network security management. Device management is further segmented as device provisioning and authentication, device configuration management and monitoring and troubleshooting.

Services segment is classified as professional services, managed services, identity related services, information aggregation services, collaborative-aware services and ubiquitous services. Professional services are further segmented as IoT consulting services, IoT infrastructure services, system integration and deployment services, support and maintenance services and education and training services. IoT consulting services are further sub-segmented into business consulting services, operational consulting services and technology consulting services. IoT infrastructure services are further sub-segmented into cloud service, deployment services and network services. System integration and deployment services are further sub-segmented into mobile and web-application development services and platform development and integration services. Managed services are further segmented as infrastructure management services, security management services, network management services, data management services and device management services.

By application, the market is classified into asset performance management, automation control and management, business process optimization, cognitive process & operations management, emergency and incident management and business communication, inventory management, logistics & supply chain management, predictive maintenance, quality management and real-time workforce tracking and management. By end user, the market is fragmented into aerospace and defense, agriculture, automotive, chemicals and material, electrical and electronics, energy and utilities, food and beverages, healthcare, high-tech products, machinery equipment and pharmaceutical.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments