IoT In Manufacturing (Focus On Machine Learning) G IoT In Manufacturing (Focus On Machine Learning) Global Market Report 2023 – By Component (Solution, Platform, Service), By Vertical (Energy And Utilities, Automotive, Food And Beverages, Aerospace And Defense, Chemicals And Materials, High-Tech Products, Healthcare), By Application (Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management), By Platform (Device Management Platform, Application Management Platform, Connectivity Management Platform), By Solution (Network Management, Data Management, Device Management, Application Management, Smart Surveillance) - Market Size, Trends, And Global Forecast 2023-2032 ...(expand)

Internet of things (IoT) is a physical object network that contains integrated technologies that allow it to connect, sense, and interact with internal or external environments. It is a collection of end-to-end services where companies contract with external vendors to design, build, install, and operate IoT solutions, including consulting advice for IoT planning. For further insights on the IoT in manufacturing market, request a sample here

The IoT in manufacturing market growth is aided by increasing need for customized products. However, some IoT in manufacturing market restraints include increasing data breaches and security concerns the adoption of latest technologies. For further insights on the IoT in manufacturing market, request a sample here

The IoT in manufacturing market is expected to reach $461.13 billion in 2027 at a rate of 16.3%. For further insights on the IoT in manufacturing market, request a sample here

The global IoT in manufacturing market is segmented as
1) By Component: Solution, Platform, Service
2) By Vertical: Energy And Utilities, Automotive, Food And Beverages, Aerospace And Defense, Chemicals And Materials, High-Tech Products, Healthcare
3) By Platform: Device Management Platform, Application Management Platform, Connectivity Management Platform
4) By Application: Process Optimization, Predictive Maintenance, Asset Management, Workforce Management, Emergency And Incident Management, Logistics And Supply Chain Management, Inventory Management Subsegments:
1) By Services: Managed Services, Professional Services
2) By Solution: Network Management, Data Management, Device Management, Application Management, Smart Surveillance
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Asia-Pacific was the largest region in the IoT in manufacturing market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the IoT in manufacturing market are, Microsoft Corporation, SAP SE, Bosch Software Innovations GmbH, IBM Corporation, Cisco Systems, General Electric, Huawei, PTC Incorporation, Zebra Technologies, Siemens AG, Rockwell Automation, Wind River, Schneider Electric, Clearblade, Mocana, Impinj, Uptake, PalleTech, ELMODIS, Water.IO, SensEye, ARCSTONE, SupraControl, Zebra Technologies, Software AG, Texas Instruments, Hitachi Ltd., Konux, Robert Bosch GmbH. For further insights on the IoT in manufacturing market, request a sample here.

Major trends influencing the IoT in manufacturing market include increasing use of digital twins. Digital Twin is a merge of virtual and physical world to create digital copies of an industrial product that can be used to run simulations prior to its manufacturing and deployment. Digital twins support industry 4.0 solutions such as automated root cause analysis, predictive maintenance, predictive quality, supply chain optimization, and inventory intelligence in the manufacturing industry. The technology enhances the accuracy of predictive AI applications, increases efficiency and safety of IoT solutions, optimizes production processes, and enables companies to have digital foot print of their product from its design stage to the deployment stage. It is estimated that more manufacturers will adopt this approach in the near future. For further insights on the IoT in manufacturing market, request a sample here.

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For detailed insights on the key dynamics influencing the IoT in manufacturing market growth and SWOT analysis of the IoT in manufacturing industry, request a sample here.