Growth Factors of Internet of Things in Manufacturing Market
The Internet of Things in Manufacturing Market size was valued at USD 27.8 billion in 2018 and is projected treach USD 452.27 billion by the end of 2032, exhibiting a CAGR of 22.1% during the forecast period of 2024-2032.
The COVID-19 pandemic accelerated the adoption of IoT in manufacturing as companies sought tmaintain operations amidst labor shortages and supply chain disruptions. IoT-enabled solutions facilitated remote monitoring, predictive maintenance, and real-time analytics, ensuring operational continuity. However, initial lockdowns delayed deployments due tdisrupted hardware supply chains and budget constraints. Post-pandemic, manufacturers increasingly prioritize IoT investments timprove resilience and reduce reliance on human intervention, driving a long-term shift toward smart manufacturing.
A key trend in the IoT in manufacturing market is the integration of artificial intelligence (AI) with IoT technologies. AI-powered IoT platforms enable advanced data analytics, predictive insights, and automated decision-making, optimizing production processes and enhancing product quality. Manufacturers are leveraging AI-enabled IoT solutions tcreate digital twins for real-time simulations, further reducing downtime and improving operational efficiency. This convergence is revolutionizing manufacturing, fostering innovation, and driving competitive advantages.
The increasing need for operational efficiency and cost reduction is a major driving factor in the IoT manufacturing market. IoT solutions enable real-time monitoring of machinery, energy consumption, and supply chains, identifying inefficiencies and potential failures before they escalate. This not only minimizes downtime but alsenhances resource utilization and reduces waste. Manufacturers are adopting IoT tstreamline operations, meet sustainability goals, and remain competitive in a rapidly evolving industrial landscape.
Comprehensive Analysis of Internet of Things in Manufacturing Market
The Internet of Things in Manufacturing Market growth is rising at an exponential rate due tits marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated By platform, by software and services, by application. By Platform include Device Management, Application Management, Network Management. By Software & Services include Software Solution ,Services. By Application include 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.).
The North America region lead the Fatty Alcohol Market share by benefitting a market size of 12.25 Billion This growth is due tthe increasing number of emerging startups, rising adoption of core technologies, such as machine learning, big data, DevOps (software development (Dev) and information-technology operations (Ops)), and upcoming 5G network in this region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, EksBionics, Vuzix,these market players provide a level-playing competitive landscape.
June 2018: Robert Bosch GmbH collaborated with Huawei Technologies Co. tdevelop cloud-based IoT services. This collaboration was completed tdevelop and deploy IoT based solutions and services in manufacturing plants.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD Billion)
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.)
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints, and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 5. Global Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights, and Forecast – By Platform
- 5.2.1. Device Management
- 5.2.2. Application Management
- 5.2.3. Network Management
- 5.3. Market Analysis, Insights, and Forecast – By Software & Services
- 5.3.1. Software Solution
- 5.3.1.1. Data Management
- 5.3.1.2. Streaming Analytics
- 5.3.1.3. Smart Surveillance
- 5.3.1.4. Remote Monitoring
- 5.3.1.5. Network Band Management
- 5.3.2. Services
- 5.4. Market Analysis, Insights, and Forecast – By Application
- 5.4.1. Predictive Maintenance
- 5.4.2. Asset Tracking and Management
- 5.4.3. Logistics and Supply Chain Management
- 5.4.4. Real-Time Workforce Tracking and Management
- 5.4.5. Emergency and Incident Management
- 5.4.6. Others (Business Process Optimization, Business Communication, among others)
- 5.5. Market Analysis, Insights, and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Middle East & Africa
- 5.5.5. Latin America
- 6. North America Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights, and Forecast – By Platform
- 6.2.1. Device Management
- 6.2.2. Application Management
- 6.2.3. Network Management
- 6.3. Market Analysis, Insights, and Forecast – By Software & Services
- 6.3.1. Software Solution
- 6.3.1.1. Data Management
- 6.3.1.2. Streaming Analytics
- 6.3.1.3. Smart Surveillance
- 6.3.1.4. Remote Monitoring
- 6.3.1.5. Network Band Management
- 6.3.2. Services
- 6.4. Market Analysis, Insights, and Forecast – By Application
- 6.4.1. Predictive Maintenance
- 6.4.2. Asset Tracking and Management
- 6.4.3. Logistics and Supply Chain Management
- 6.4.4. Real-Time Workforce Tracking and Management
- 6.4.5. Emergency and Incident Management
- 6.4.6. Others (Business Process Optimization, Business Communication, among others)
- 6.5. Market Analysis, Insights, and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights, and Forecast – By Platform
- 7.2.1. Device Management
- 7.2.2. Application Management
- 7.2.3. Network Management
- 7.3. Market Analysis, Insights, and Forecast – By Software & Services
- 7.3.1. Software Solution
- 7.3.1.1. Data Management
- 7.3.1.2. Streaming Analytics
- 7.3.1.3. Smart Surveillance
- 7.3.1.4. Remote Monitoring
- 7.3.1.5. Network Band Management
- 7.3.2. Services
- 7.4. Market Analysis, Insights, and Forecast – By Application
- 7.4.1. Predictive Maintenance
- 7.4.2. Asset Tracking and Management
- 7.4.3. Logistics and Supply Chain Management
- 7.4.4. Real-Time Workforce Tracking and Management
- 7.4.5. Emergency and Incident Management
- 7.4.6. Others (Business Process Optimization, Business Communication, among others)
- 7.5. Market Analysis, Insights, and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. Scandinavia
- 7.5.4. France
- 7.5.5. Rest of Europe
- 8. Asia Pacific Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights, and Forecast – By Platform
- 8.2.1. Device Management
- 8.2.2. Application Management
- 8.2.3. Network Management
- 8.3. Market Analysis, Insights, and Forecast – By Software & Services
- 8.3.1. Software Solution
- 8.3.1.1. Data Management
- 8.3.1.2. Streaming Analytics
- 8.3.1.3. Smart Surveillance
- 8.3.1.4. Remote Monitoring
- 8.3.1.5. Network Band Management
- 8.3.2. Services
- 8.4. Market Analysis, Insights, and Forecast – By Application
- 8.4.1. Predictive Maintenance
- 8.4.2. Asset Tracking and Management
- 8.4.3. Logistics and Supply Chain Management
- 8.4.4. Real-Time Workforce Tracking and Management
- 8.4.5. Emergency and Incident Management
- 8.4.6. Others (Business Process Optimization, Business Communication, among others)
- 8.5. Market Analysis, Insights, and Forecast – By Country
- 8.5.1. China
- 8.5.2. Japan
- 8.5.3. India
- 8.5.4. South East Asia
- 8.5.5. Rest of APAC
- 9. Middle East & Africa Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights, and Forecast – By Platform
- 9.2.1. Device Management
- 9.2.2. Application Management
- 9.2.3. Network Management
- 9.3. Market Analysis, Insights, and Forecast – By Software & Services
- 9.3.1. Software Solution
- 9.3.1.1. Data Management
- 9.3.1.2. Streaming Analytics
- 9.3.1.3. Smart Surveillance
- 9.3.1.4. Remote Monitoring
- 9.3.1.5. Network Band Management
- 9.3.2. Services
- 9.4. Market Analysis, Insights, and Forecast – By Application
- 9.4.1. Predictive Maintenance
- 9.4.2. Asset Tracking and Management
- 9.4.3. Logistics and Supply Chain Management
- 9.4.4. Real-Time Workforce Tracking and Management
- 9.4.5. Emergency and Incident Management
- 9.4.6. Others (Business Process Optimization, Business Communication, among others)
- 9.5. Market Analysis, Insights, and Forecast – By Country
- 9.5.1. GCC
- 9.5.2. South Africa
- 9.5.3. Rest of MEA
- 10. Latin America Internet of Things (IoT) in Manufacturing Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights, and Forecast – By Platform
- 10.2.1. Device Management
- 10.2.2. Application Management
- 10.2.3. Network Management
- 10.3. Market Analysis, Insights, and Forecast – By Software & Services
- 10.3.1. Software Solution
- 10.3.1.1. Data Management
- 10.3.1.2. Streaming Analytics
- 10.3.1.3. Smart Surveillance
- 10.3.1.4. Remote Monitoring
- 10.3.1.5. Network Band Management
- 10.3.2. Services
- 10.4. Market Analysis, Insights, and Forecast – By Application
- 10.4.1. Predictive Maintenance
- 10.4.2. Asset Tracking and Management
- 10.4.3. Logistics and Supply Chain Management
- 10.4.4. Real-Time Workforce Tracking and Management
- 10.4.5. Emergency and Incident Management
- 10.4.6. Others (Business Process Optimization, Business Communication, among others)
- 10.5. Market Analysis, Insights, and Forecast – By Country
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Rest of Latin America
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Key Technological Developments
- 12. Global Internet of Things (IoT) in Manufacturing Market Revenue Share Analysis, By Key Provider, 2018
- 13. Company Profile
- 13.1. Cisco Systems Inc.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Recent Developments
- 13.2. IBM Corporation
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Recent Developments
- 13.3. General Electric Company
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Recent Developments
- 13.4. Intel Corporation
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Recent Developments
- 13.5. Siemens AG
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Recent Developments
- 13.6. Microsoft Corporation
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Recent Developments
- 13.7. SAP SE
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Recent Developments
- 13.8. Software AG
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Recent Developments
- 13.9. Zebra Technologies
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Recent Developments
- 13.10. Hitachi LTD.
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Recent Developments "
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