MarketsandMarkets’ research report, "IoT in Manufacturing Market by Solution, Platform, Service, Application, Vertical Market, and Region - Global Forecast to 2022", forecasts the IoT in manufacturing market size to grow from $12.67 Billion in 2017 to $45.30 Billion by 2022, at a compound annual growth rate (CAGR) of 29.0% from 2017 to 2022. Major forces driving IoT in Manufacturing Market are the growing need for centralized monitoring and predictive maintenance of manufacturing infrastructure. The increasing need for agile production, operational efficiency, and control, and demand-driven supply chain and connected logistics are also expected to drive the market.
- IoT consulting service is the fastest growing professional service in the IoT in Manufacturing Market during the forecast period
- Data management segment is expected to hold the largest market share in the IoT in Manufacturing Market during the forecast period
- North America is expected to contribute the largest market share in the IoT in Manufacturing Market during the forecast period
- The major vendors in the IoT in Manufacturing Market include IBM (US), Cisco Systems (US), PTC (US), and General Electric (US).
If this has cranked your curiosity, you can browse the report’s 91 market data tables, 52 figures, and TOC.
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