The Internet of Things (IoT) is a network that connects objects via embedded electronics, sensors, and network connectivity. In the recent years, the manufacturing industry has started adopting the IoT solutions. The IoT in the manufacturing industry is helping the companies to optimise the production, reduce the production cost and minimize the raw material cost. Also, the IoT in manufacturing is helping the companies in real-time monitoring of the supply chain, and thus, helping in taking better and informed business decisions. Still, the lack of skilled labour and vigilant government rules and regulations are impacting the growth of the market.
According to Infoholic Research, the “Worldwide IoT in Manufacturing Market” will grow at an estimated CAGR of XX% during the forecast period 2016–2022. At present, Asia Pacific is leading the market, and India, China and Malaysia are the key IoT manufacturing countries in the region. Some of the key players covered in the report are Intel Corporation, IBM Corporation, Microsoft Corporation, PTC and Cisco Systems, NC. The research report provides a comprehensive review of technologies, services, solutions and industry verticals. The report will also cover the market in terms of trends, regions and vendor assessment.
The study covers and analyzes the “Worldwide IoT in Manufacturing” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.