IoT In Manufacturing Market 2021 | Industry Insights, New Trends, and Forecast to 2031
IoT in Manufacturing Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the IoT in manufacturing industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected internet of things in manufacturing market growth numbers from 2022-2031.
The global IoT in manufacturing market is expected to grow from $172.27 billion in 2021 to $209.44 billion in 2022 at a compound annual growth rate (CAGR) of 21.6%. The change in the market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The internet of things in manufacturing market is expected to reach $397.86 billion in 2026 at a CAGR of 17.4%.
The IoT in Manufacturing Global Market Report 2022-31 by The Business Research Company evaluates IoT in manufacturing market size, growth rate, drivers, IoT in manufacturing industry trends, and major companies.
The IoT in
manufacturing market segments in the report are:
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
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