Global IoT in Product Lifecycle and Asset Management Market Growth (Status and Outlook) 2023-2029

Global IoT in Product Lifecycle and Asset Management Market Growth (Status and Outlook) 2023-2029

The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.

According to this study, the global IoT in Product Lifecycle and Asset Management market size will reach US$ million by 2029.

Digital control systems to automate process controls, operator tools and service information systems to optimize plant safety and security are within the purview of the IoT. But it also extends itself to asset management via predictive maintenance, statistical evaluation, and measurements to maximize reliability. The IoT intelligent systems enable rapid manufacturing of new products, dynamic response to product demands, and real-time optimization of manufacturing production and supply chain networks, by networking machinery, sensors and control systems together.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT in Product Lifecycle and Asset Management market by product type, application, key players and key regions and countries.

Segmentation by product type:
Hardware
Software
Service

Segmentation by Application:
Aerospace and Defense
Pharmaceutical
Power
Automotive
Others

This report also splits the market by region:
United States
China
Europe
Other regions:
Japan
South Korea
Southeast Asia
Rest of world

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
IBM
PTC
RapidValue
SAP
Siemens
Accenture
Aberdeen
Alcatel-Lucent
AT&T
Cisco Systems
KloudData
Tego
Pega

Please note: The report will take approximately 2 business days to prepare and deliver.