Marketintelreports done survey on Worldwide IoT in Discrete Manufacturing Market and states that CAGR is expected to grow at 25.1% by 2022 to reach $49.85 billion.
Worldwide IoT in Discrete Manufacturing Market report of 102 pages covers market analysis, market size with focus on trends, developments, mergers and acquisitions. Focuses on companies and end users.
(EMAILWIRE.COM, May 09, 2018 ) Singapore
About report:
Manufacturing is on the cusp of IT revolution. The manufacturing sector is one of the earliest adopters of automated processes and robots, and have been utilizing sensor-based technologies for decades, though without realizing their full potential.
New technologies are being used not only to make the process more effective but also to radically improve visibility in manufacturing to the point where each production unit will be visible in the entire process.
Product analysis:
IoT is considered as an extension of connectivity and automation, mostly in M2M communications. Under IoT, while the sensors are responsible for the generation of data, cyber-physical systems are meant to cooperate & communicate with each other and the humans in real-time.
The requirement is to decentralize the decision making across the system and facilitate the cyber-physical system to take decisions on their own.
To access the full table of contents of the report click below: https://www.marketintelreports.com/report/vmg-002/worldwide-iot-in-discrete-manufacturing-market---drivers-opportunities-trends--forecasts-2017--2023
Market analysis:
According to Research, the “Worldwide IoT in Discrete Manufacturing Market” is expected to reach $49.85 billion by 2022, growing at a CAGR of around 25.1% during the forecast period 2016–2022.
At present, the discrete manufacturers are facing various challenges such as shorter innovation cycle, high resource volatility, customer expectations and competition in terms of differentiation.
The manufacturing organizations have prioritized technology-driven innovation to address these challenges. Thus, advanced data processing technologies, analytical forecasting models, and IoT are likely to drive significant change in the manufacturing industry in the next 5–10 years.
Technology analysis:
Middleware is an important prerequisite for the organizations opting for IoT across the entire manufacturing process. It acts as an interface between various IoT components and can even connect complex programs. Cloud & Fog platforms with an IoT operating system is another prerequisite to drive the performance and optimization of the processes.
Regional analysis:
At present, North America holds the largest share in the IoT in discrete manufacturing market. The region has a significant presence of manufacturers in discrete manufacturing and a well-developed IoT ecosystem.
Europe has taken the lead for the development of technology and is likely to register a significant growth rate in the next 5–10 years.
Asia Pacific is an emerging market for manufacturing and is registering a stable growth rate in the region, more significantly in India and China.
The players in the region would be investing in IoT to address the competition in the exports market and to safeguard the manufacturing interests of their respective countries. The central governments in these economies have strategized IoT as a part of the digital economy and would be making significant investments in IoT applications throughout the region.
Key players:
The key players in the IoT in discrete manufacturing market are the major IT organizations (hardware and software), pure IoT players, and the major players in manufacturing.
The list includes IBM, Microsoft, PTC, Cisco, Zebra Technologies, Stanley Black and Decker, SAP, Wipro, TCS, Siemens, GE, Rockwell Automation, Schneider Electric and ABB.
To find out more of the report or request some customization: https://www.marketintelreports.com/inquiry-before-buying.php?id=vmg-002
Competitive analysis:
There is a presence of global conglomerates in IT and manufacturing, pure IoT players as well as various start-ups with innovative solutions, in the IoT in discrete manufacturing market. The major vendors and conglomerates in the market have a well-developed ecosystem, which includes various technology partners, resellers, and strategic business partners.
IoT start-ups have garnered around $8 billion in venture investments over the past 6 years. In addition, few of the start-ups in IoT manufacturing are also being funded by industrial tech organizations (for instance, SmartCloud being funded by Rockwell Automation).
Benefits:
IoT is capable of addressing the challenge of growing complexities in supply chain networks, in achieving operational efficiencies, and reducing operational costs. In addition, lean manufacturing has become a common practice among manufacturers who believe that IoT could provide required agility & flexibility across the production, and supply chain environments.
In a digital manufacturing environment, everything is likely to revolve around cyber-physical systems and highly capable sensors. Such a system would provide complete visibility of the value chain and control capabilities from remote locations which are considered as the major requirements to move towards smart manufacturing.
Table of contents:
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.2.1 IoT Discrete manufacturing market by types
3.3 Related Markets
3.4 IoT in process manufacturing
4 Market Outlook
4.1 Overview
4.2 Market Trends
4.3 Market Definition
4.4 Market Segmentation
4.4.1 Ecosystem – IoT in discrete manufacturing
4.4.2 Major technological solutions in the discrete manufacturing market
4.5
4.5.1 Major IoT solutions
4.6 Evolution of technology in manufacturing
4.7 Porter 5 (Five) Forces
5 Market Characteristics
5.1 IoT enabled informed manufacturing
5.2 Future impact of IIoT applications in manufacturing
5.3 Market Dynamics
5.4 Drivers
5.4.1.1 Business efficiency and lower operational costs
5.4.1.2 Advancements in data analytics
5.4.1.3 Rise in use of wireless solutions
5.4.1.4 Aggressive growth strategy
5.5 Restraints
5.5.1.1 Lack of standards and interoperability
5.5.1.2 Security concerns
5.5.1.3 Lack of technological and ROI understanding
5.6 Opportunities
5.6.1.1 Growing market in Asia Pacific
5.6.1.2 Connected products
5.6.2 DRO – Impact Analysis
Continues.......
Complete report details @ https://www.marketintelreports.com/report/vmg-002/worldwide-iot-in-discrete-manufacturing-market---drivers-opportunities-trends--forecasts-2017--2023
About us:
MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.
MarketIntelReports currently has more than 2.5 million titles and 200 publishers on our platform and are growing consistently to fill the “World Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.
About report:
Manufacturing is on the cusp of IT revolution. The manufacturing sector is one of the earliest adopters of automated processes and robots, and have been utilizing sensor-based technologies for decades, though without realizing their full potential.
New technologies are being used not only to make the process more effective but also to radically improve visibility in manufacturing to the point where each production unit will be visible in the entire process.
Product analysis:
IoT is considered as an extension of connectivity and automation, mostly in M2M communications. Under IoT, while the sensors are responsible for the generation of data, cyber-physical systems are meant to cooperate & communicate with each other and the humans in real-time.
The requirement is to decentralize the decision making across the system and facilitate the cyber-physical system to take decisions on their own.
To access the full table of contents of the report click below: https://www.marketintelreports.com/report/vmg-002/worldwide-iot-in-discrete-manufacturing-market---drivers-opportunities-trends--forecasts-2017--2023
Market analysis:
According to Research, the “Worldwide IoT in Discrete Manufacturing Market” is expected to reach $49.85 billion by 2022, growing at a CAGR of around 25.1% during the forecast period 2016–2022.
At present, the discrete manufacturers are facing various challenges such as shorter innovation cycle, high resource volatility, customer expectations and competition in terms of differentiation.
The manufacturing organizations have prioritized technology-driven innovation to address these challenges. Thus, advanced data processing technologies, analytical forecasting models, and IoT are likely to drive significant change in the manufacturing industry in the next 5–10 years.
Technology analysis:
Middleware is an important prerequisite for the organizations opting for IoT across the entire manufacturing process. It acts as an interface between various IoT components and can even connect complex programs. Cloud & Fog platforms with an IoT operating system is another prerequisite to drive the performance and optimization of the processes.
Regional analysis:
At present, North America holds the largest share in the IoT in discrete manufacturing market. The region has a significant presence of manufacturers in discrete manufacturing and a well-developed IoT ecosystem.
Europe has taken the lead for the development of technology and is likely to register a significant growth rate in the next 5–10 years.
Asia Pacific is an emerging market for manufacturing and is registering a stable growth rate in the region, more significantly in India and China.
The players in the region would be investing in IoT to address the competition in the exports market and to safeguard the manufacturing interests of their respective countries. The central governments in these economies have strategized IoT as a part of the digital economy and would be making significant investments in IoT applications throughout the region.
Key players:
The key players in the IoT in discrete manufacturing market are the major IT organizations (hardware and software), pure IoT players, and the major players in manufacturing.
The list includes IBM, Microsoft, PTC, Cisco, Zebra Technologies, Stanley Black and Decker, SAP, Wipro, TCS, Siemens, GE, Rockwell Automation, Schneider Electric and ABB.
To find out more of the report or request some customization: https://www.marketintelreports.com/inquiry-before-buying.php?id=vmg-002
Competitive analysis:
There is a presence of global conglomerates in IT and manufacturing, pure IoT players as well as various start-ups with innovative solutions, in the IoT in discrete manufacturing market. The major vendors and conglomerates in the market have a well-developed ecosystem, which includes various technology partners, resellers, and strategic business partners.
IoT start-ups have garnered around $8 billion in venture investments over the past 6 years. In addition, few of the start-ups in IoT manufacturing are also being funded by industrial tech organizations (for instance, SmartCloud being funded by Rockwell Automation).
Benefits:
IoT is capable of addressing the challenge of growing complexities in supply chain networks, in achieving operational efficiencies, and reducing operational costs. In addition, lean manufacturing has become a common practice among manufacturers who believe that IoT could provide required agility & flexibility across the production, and supply chain environments.
In a digital manufacturing environment, everything is likely to revolve around cyber-physical systems and highly capable sensors. Such a system would provide complete visibility of the value chain and control capabilities from remote locations which are considered as the major requirements to move towards smart manufacturing.
Table of contents:
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.2.1 IoT Discrete manufacturing market by types
3.3 Related Markets
3.4 IoT in process manufacturing
4 Market Outlook
4.1 Overview
4.2 Market Trends
4.3 Market Definition
4.4 Market Segmentation
4.4.1 Ecosystem – IoT in discrete manufacturing
4.4.2 Major technological solutions in the discrete manufacturing market
4.5
4.5.1 Major IoT solutions
4.6 Evolution of technology in manufacturing
4.7 Porter 5 (Five) Forces
5 Market Characteristics
5.1 IoT enabled informed manufacturing
5.2 Future impact of IIoT applications in manufacturing
5.3 Market Dynamics
5.4 Drivers
5.4.1.1 Business efficiency and lower operational costs
5.4.1.2 Advancements in data analytics
5.4.1.3 Rise in use of wireless solutions
5.4.1.4 Aggressive growth strategy
5.5 Restraints
5.5.1.1 Lack of standards and interoperability
5.5.1.2 Security concerns
5.5.1.3 Lack of technological and ROI understanding
5.6 Opportunities
5.6.1.1 Growing market in Asia Pacific
5.6.1.2 Connected products
5.6.2 DRO – Impact Analysis
Continues.......
Complete report details @ https://www.marketintelreports.com/report/vmg-002/worldwide-iot-in-discrete-manufacturing-market---drivers-opportunities-trends--forecasts-2017--2023
About us:
MIR intends to be a one-stop shop with an intuitive design, exhaustive database, expert assistance, secure cart checkout and data privacy integrated. It curates the list of reports, publishers and studies to ensure that the database is constantly updated to dynamically meet the targeted, specific needs of our clients.
MarketIntelReports currently has more than 2.5 million titles and 200 publishers on our platform and are growing consistently to fill the “World Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Contact Information:
MarketIntelReports
Lakshmi
Tel: 1-302-261-5343
Email us
----
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MarketIntelReports
Lakshmi
Tel: 1-302-261-5343
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results