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Internet of Things (IoT) in Manufacturing Market Share, Key Players and Competitive Landscape Forecast to 2022

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Dec 14, 2020 (AmericaNewsHour) —
Internet of Things or IoT, as it is abbreviated, is a network of devices who could talk and communicate with each other and take smart decisions on their own, without human intervention, depending on the external stimuli and their environment. The IoT is an ecosystem of connected devices with in built sensors with an ability to communicate automatically with other devices and systems. It is expected that IoT would revolutionize all the sectors of the economy like manufacturing, agriculture, transportation and energy. It would transform the interactions humans would have with machines.

The report on INTERNET OF THINGS (IOT) IN MANUFACTURING MARKET was recently published by Kenneth Research, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. The report on INTERNET OF THINGS (IOT) IN MANUFACTURING MARKET includes market size, market volume and growth rate that is witnessed by the market during the forecast period of 2020-2022.

Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10065183

Market Dynamics:
The Internet of Things in Manufacturing Market is primarily driven by the increasing need for operational efficiency, agile production, logistics, control and demand driven supply chain. Factors like the growing need for centralized monitoring of products are also driving market growth. The increasing demand for transparency from customers in the manufacturing sector results into the growth of this market. Technological advancements in data analytics, artificial intelligence, cloud computing and machine learning are also aiding the penetration of this market.

The major constraints for this market is the lack of standardized interfaces, limited integration and scalability. Issues related to the privacy and security also plagues the growth of this market. The huge and complex requirement of data storage and its handling can also hinder the growth prospects of this market.

Market Segmentation:
The Global Internet of Things (IoT) in Manufacturing Market can be segmented on the basis of solution, connectivity technology, application, industry verticals and services.
Solution:
Network Management
Data Management and Analytics Software

Device Management
Application Management
Smart Surveillance

Connectivity Technology:
Satellite Network
Cellular Network

RFID
NFC
Wi-Fi
Optical tags and QR Codes
Application:
Supply Chain Monitoring
Product & Services

Customer Monitoring
Premises Monitoring

Industry Verticals:
Automotive Manufacturing
Industrial Equipment Manufacturing

Electronics and Communication Equipment Manufacturing
Food and Cultivating Equipment Manufacturing

Services:
Identity Related Services
Information Aggregation Services

Collaborative-Aware Services
Ubiquitous Services
Professional Services
System Integration and Deployment Services
Managed Services

Geographical Analysis:
Geographically, the market is segmented into North America, Asia Pacific, Europe and South America. Enhancement of digital technologies in emerging markets like China and India have made the Asia Pacific region the fastest growing market. Geographically, North America is the largest market for Internet of Things (IoT) in Manufacturing Market because of the presence of already established infrastructure. Asia Pacific is the 2nd largest market after North America because of the growing innovation and number of startups emerging in this sector.

Request For Full Report:https://www.kennethresearch.com/sample-request-10065183

Key Players:
Some of the key companies in Global Internet of Things (IoT) market areĀ AT&T, Bosch, Cisco Systems, General Electric, Hitachi Data Systems, Huawei, IBM, PC Qualcomm and Verizon.

Download free Sample of This Strategic Report:

About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

Contact Us

Kenneth Research
Email:[email protected]
Phone:+1 313 462 0609

The post Internet of Things (IoT) in Manufacturing Market Share, Key Players and Competitive Landscape Forecast to 2022 appeared first on America News Hour.

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The MarketWatch News Department was not involved in the creation of this content.

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