© 2016 Global Market Insights, Inc. USA. All Rights Reserved IoT in Manufacturing Market grow at 20% CAGR from 2017 to 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  IoT in Manufacturing Market size is set to exceed USD 150 billion by 2024; according to a new research report by Global Market Insights, Inc. IoT in Manufacturing Market  Rising implementation of IoT in the manufacturing sector to gain control over the operations and the supply chain process is anticipated to drive the industry over the forecast timeframe. Increasing adoption of cloud platforms across various industries offer lucrative growth opportunities to the industry growth. The technology has a huge potential to enhance the visibility in industrial operations by gaining insights to every step of the production and supply chain process in real- time.  The virtual tracking of the firm assets, operations, processes, products and other resources enables businesses to have complete visibility resulting in streamlined process and optimizing the industrial demand and supply. Rising demand for improvising the operational efficiency followed by reduction in costs associated with various manufacturing process is expected to propel the IoT in manufacturing market growth. Key Insights from IoT in Retail Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Rising cyber-attacks across the industry is anticipated to challenge the IoT in manufacturing market growth. Enormous volume of data is generated from the devices making it vulnerable to breaches, raising concerns regarding data security & privacy.  Complexities associated with IoT network coupled with lack of sufficient resources are expected to boost the demand for managed services across the users. Businesses are currently focusing on managed services pertaining to the cost- effectiveness associated with such services coupled with their growing IT infrastructure.  Growing demand of the automotive IoT market is expected due to the rising implementation of advanced digital technologies in the vehicles to offer enhanced customer experience. Rising number of automotive OEMs from the emerging markets have intensified the competition in terms of quality and begin targeting the developed regions. Increasing competition and emerging customer demand are putting pressure on OEMs to provide innovative vehicle features that offer enhanced digital connectivity and attract younger consumers. Continued...

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific IoT in manufacturing market is anticipated to witness growth owing to the emerging industrial sector in countries such as China, India, South Korea and Taiwan. The auto industry in India accounts for over 7% of India’s GDP. Improving government framework, growing domestic industry, developing infrastructure and the Make in India initiative are attracting major investments in the auto sector which will allow the implementation of several digital technologies in the country driving the IoT demand. Moreover, rising consumer demand in the food & beverage sector in Asia Pacific require higher fulfilment agility that is resulting in rising demand of advanced technologies to have a proper real-time course correction and supply chain monitoring further, driving the IoT in manufacturing market.  Players in the IoT in manufacturing market include Huawei Technologies, Rockwell Automation, Siemens AG, Microsoft Corporation, IBM Corporation, Intel Corporation and Cisco Systems. Other prominent players include PTC Inc, Bosch GmbH, Schneider Electric and Zebra Technologies. The industry is witnessing entry of new players brining in innovations and advanced technologies resulting in increasing competition. High demand across various manufacturing facilities to streamline the business processes is anticipated to propel growth. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved India IoT in manufacturing market, by application, 2016 & 2024 (USD Million)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  By Technology Rising adoption of technological solutions such as sensor and connectivity technology is expected to drive the IoT in manufacturing market growth. Sensors are widely used technologies which measures physical variables and converts them to electrical signals. Large scale implementation of sensor technology across various industries for the purpose of generating data & monitoring facilities are expected to provide lucrative growth opportunities.  By Application Automotive manufacturing will witness the significant adoption owing to the advantages of technology implementation, such as prediction and prevention of equipment failure by improvising the performance & efficiency of the assets and equipment at reduced maintenance costs. In addition, the growing trend of connected cars and autonomous vehicles will provide impetus to the IoT in manufacturing market growth. With the emergence of fourth industrial revolution, Industry 4.0, the physical processes of the factories are being monitored by the cyber-physical systems to make decentralized decisions.  Competitive Market Share Key players in the IoT in manufacturing industry include IBM Corporation, Intel Corporation, Microsoft Corporation, Cisco Systems, Siemens AG, Huawei Technologies and Rockwell Automation. 360° Analysis

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