Global IoT in Process Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2016–2022

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  • IoT in Process Manufacturing Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

    Brief:

    Globally, the increasing pressure to improve production activities and performance has led the process manufacturing industry players to adopt IoT in their business units. IoT in process manufacturing allows the companies to gather more data from the production operations by connecting smart devices to their networks.

    Understanding the various aspects of IoT in process manufacturing helps the manufacturers to address security issues, improves operation efficiency, reduces the operation costs, improves business operations & intelligent decision making, and helps to offer better customer service. It will enhance the smart features such as smart monitoring, production integration, remote diagnosis, and predictive maintenance. Globally, IoT players are coming up with new innovations to increase the IoT adoption rate in process manufacturing industries.

    Market Analysis

    According to Infoholic Research, the “IoT in process manufacturing” market will witness a CAGR of 46.3% during the forecast period 2016–2022.

    The market is segmented by types, applications, technology, verticals, and regions. The increasing demand for real-time monitoring applications and customized IoT solutions are the major drivers for the market growth. In addition, rising implementation of machine learning, big data, analytics, sensor technology, and cloud technology are supporting the IoT in process manufacturing market.

    Technology Analysis

    Technologies play a key role in implementing IoT in process manufacturing industry. The major technologies covered in this report are Wi-Fi, 3G, 4G, Bluetooth & BLE, and Ethernet. These technologies assist the manufacturers in machine-to-machine communications (M2M), asset tracking & inventory management, logistics maintenance, and other processes in manufacturing plant. Wi-Fi is the major technology that is being implemented by process manufacturing players and has huge market share, growing at a CAGR of 47.7% during the forecast period 2016–2022.

    Services & Applications Analysis

    The services covered in the report are professional services, managed services, system integrations, and others. Professional services is dominating in the service segment and its market revenue is expected to reach $4,752.8 million by 2022.

    The professional service helps to adapt to changes in business process, provides operational effectiveness by combining CRM and ERP in the production process, provides real-time visibility into the operations, and also increases the profit of the companies.

    Applications

    The applications covered in this report are predictive maintenance, assets tracking & inventory management, supply chain & logistics, remote monitoring & control, process automation, and others.

    The process manufacturers are benefiting from the implementation of advanced IoT applications. Predictive maintenance applications are in demand as it reduces the downtime & maintenance cost, increases equipment efficiency by maximizing the equipment uptime, increases the quality of the production, and enhances the supply chain process.

    Verticals Analysis

    More than 40% of the manufacturers are using the data generated from the connected devices and more than 15% of the manufacturers are planning to use the data in the next 5 years. The verticals covered in this report are FMCG, life sciences, oil & gas, pharmaceuticals, chemical industry, and others. The FMCG market is expected to grow at a CAGR of 43.3% during the forecast period 2016–2022. Life sciences and oil & gas industries hold the business opportunities for the key stakeholders. The chemical industry will be the emerging market in the next 6–7 years.

    Regional Analysis

    In the Americas, North America is the fastest-growing region, where a lot of technologies are emerging and being implemented by various organizations. SMEs in the region are adopting and demanding for IoT technology when compared to other regions. The IT organizations in North America are investing in R&D to innovate IoT solutions in the process manufacturing industry. The Americas is expected to be the major contributor in the IoT in process manufacturing market followed by Europe due to increase in the demand for the connected devices and adoption of advanced technologies.

    Asia Pacific is expected to grow at a faster rate in the next 5 years due to increase in government initiatives for encouraging the deployment of IoT solutions, and MEA is an emerging market for key stakeholders specific to oil & gas industry.

    Key Players & Competitive Analysis:

    Some of the key players are PTC Inc., Cisco Systems Inc., IBM Corporation, GE, SAP SE, Intel Corp., Microsoft Corp., and others. At present, big players are acquiring small and start-up players to increase their market share. Also, they are focusing on offering customized IoT solutions to the manufacturers at competitive price to improve the operation performance and flexibility in the production process.

    Benefits:

    The report provides an in-depth analysis of the demand and the adoption rate of technologies, applications, services, and software of IoT technology in the process manufacturing industry.

    The study covers and analyzes the “Global IoT in Process 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 initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

     

  • With tables and figures helping analyze worldwide Global IoT in Process Manufacturing market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Industry Outlook 10

    1.1 Industry Overview 10

    1.2 Industry Trends 10

    1.3 PEST Analysis 11


    2 Report Outline 11

    2.1 Report Scope 11

    2.2 Report Summary 12

    2.3 Research Methodology 12

    2.4 Report Assumptions 13


    3 Market Snapshot 13

    3.1 Total Addressable Market (TAM) 13

    3.2 Segmented Addressable Market (SAM) 14

    3.3 Related Markets 14

    3.3.1 IoT in Consumer Electronics 14
    3.3.2 Smart Home Market 15

    4 Market Outlook 15

    4.1 Overview 15

    4.2 Market Definition – Infoholic Research 15

    4.3 Market Trends 16

    4.4 Market Segmentation 16

    4.5 Porter 5 (Five) Forces 17


    5 Market Characteristics 17

    5.1 Ecosystem 17

    5.2 Market Dynamics 18

    5.2.1 Drivers 19
    5.2.1.1 Low operational costs 19
    5.2.1.2 Improved optimization and control of operations 19
    5.2.1.3 Better customer service and support 19
    5.2.2 Restraints 19
    5.2.2.1 Lack of standards and regulations 19
    5.2.2.2 Supply chain concerns 19
    5.2.2.3 Lack of unified data models 20
    5.2.3 Opportunities 20
    5.2.3.1 New business models 20
    5.2.3.2 Diversification of revenue stream 20
    5.2.3.3 Sustainable growth in IoT space 20
    5.2.3.4 Rising demand for the automation solutions 20
    5.2.4 DRO – Impact Analysis 21
    5.2.5 Key Stakeholders 22

    6 Types: Market Size and Analysis 22

    6.1 Overview 22

    6.1.1 Market Size and Analysis 22

    6.2 Software 23

    6.3 Services: Market Size and Analysis 24

    6.3.1 Overview 24
    6.3.2 Managed Services 24
    6.3.3 Professional Services 24
    6.3.4 System Integration 25
    6.3.5 Others 26

    7 Technologies: Market Size and Analysis 27

    7.1 Overview 27

    7.1.1 Market Size and Analysis 27

    7.2 Wi-Fi 28

    7.3 3G 28
    7.4 4G 29

    7.5 Bluetooth & Bluetooth Low Energy (BLE) 30

    7.6 Ethernet 31


    8 Applications: Market Size and Analysis 32

    8.1 Overview 32

    8.1.1 Market Size and Analysis 32

    8.2 Predictive Maintenance 33

    8.3 Asset Tracking and Inventory Management 34

    8.4 Supply Chain Management & Logistics 35

    8.5 Remote Monitoring and Control 36

    8.6 Process Optimization 37

    8.7 Others 38

    9 Regions: Market Size and Analysis 38

    9.1 Overview 38

    9.1.1 Market Size and Analysis 38

    9.2 Americas 39

    9.2.1 US 41
    9.2.2 Canada 41
    9.2.3 Brazil 41
    9.2.4 Mexico 42

    9.3 Europe 42

    9.3.1 UK 44
    9.3.2 Germany 44
    9.3.3 France 44
    9.3.4 Italy 45

    9.4 Asia Pacific 45

    9.4.1 India 46
    9.4.2 China 47
    9.4.3 Japan 47

    9.5 Middle East & Africa 48

    9.5.1 GCC Countries 49
    9.5.1.1 Saudi Arabia 49
    9.5.1.2 UAE and Kuwait 49
    9.5.2 Africa 50

    10 Verticals: Market Size and Analysis 50

    10.1 Overview 50

    10.1.1 Market Size and Analysis 51

    10.2 FMCG 51

    10.3 Chemical Industry 52

    10.4 Pharmaceuticals 53

    10.5 Oil & Gas 55

    10.6 Life Sciences 56

    10.7 Others 57

    11 Vendor Profiles 57

    11.1 PTC Inc. 58

    11.1.1 Overview 58
    11.1.2 Business Units 58
    11.1.3 Geographic Revenue 59
    11.1.4 Business Focus 60
    11.1.5 SWOT Analysis 60
    11.1.6 Business Strategy 61

    11.2 Cisco Systems, Inc. 62

    11.2.1 Overview 62
    11.2.2 Business Units 63
    11.2.3 Geographic Revenue 64
    11.2.4 Business Focus 65
    11.2.5 SWOT Analysis 66
    11.2.6 Business Strategy 66

    11.3 Siemens AG 67

    11.3.1 Overview 67
    11.3.2 Business Units 68
    11.3.3 Geographic Revenue 69
    11.3.4 Business Focus 70
    11.3.5 SWOT Analysis 71
    11.3.6 Business Strategy 71

    11.4 ABB Ltd. 72

    11.4.1 Overview 72
    11.4.2 Business Units 73
    11.4.3 Geographic Revenue 74
    11.4.4 Business Focus 75
    11.4.5 SWOT Analysis 76
    11.4.6 Business Strategy 76

    11.5 Rockwell Automation, Inc. 77

    11.5.1 Overview 77
    11.5.2 Business Units 77
    11.5.3 Geographic Revenue 78
    11.5.4 Business Focus 79
    11.5.5 SWOT Analysis 79
    11.5.6 Business Strategy 80

    11.6 General Electric (GE) 80

    11.6.1 Overview 80
    11.6.2 Business Units 81
    11.6.3 Geographic Revenue 82
    11.6.4 Business Focus 82
    11.6.5 SWOT Analysis 83
    11.6.6 Business Strategy 84

    12 Global Generalist 84

    12.1 IBM Corporation 84

    12.1.1 Overview 84
    12.1.2 IBM Offerings 85
    12.1.3 IBM in IoT in Process Manufacturing Market 85

    12.2 SAP SE 86

    12.2.1 Overview 86
    12.2.2 SAP SE Offerings 87
    12.2.3 SAP SE in IoT in Process Manufacturing Market 87

    12.3 Microsoft Corp. 87

    12.3.1 Overview 87
    12.3.2 Microsoft Corp. Market 87
    12.3.3 Microsoft Corp. Offerings 88
    12.3.4 Microsoft Corp. in IoT in Process Manufacturing Market 89

    12.4 Intel Corporation 89

    12.4.1 Overview 89
    12.4.2 Intel Offerings 90
    12.4.3 Intel in IoT in Process Manufacturing Market 90

    13 Expert’s Views 90
    Annexure 91
     Abbreviations 91

     

  • The Global IoT in Process Manufacturing Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • PTC Inc
    • Cisco Systems Inc
    • Siemens AG
    • ABB Ltd
    • Rockwell Automation Inc
    • General Electric(GE)
    • IBM Corporation SAP SE
    • Microsoft Corp
    • Intel Corporation.
    By Regions:
      By Type:
        By Application:
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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