Worldwide IoT in Discrete Manufacturing Market – Drivers, Opportunities, Trends, & Forecasts 2017 – 2023

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  • IoT in Discrete Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2016–2022

    Overview

    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.

    Market analysis

    According to Infoholic 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. Platforms available in the form of PaaS help the developers in the programming of applications and integrating other applications and services. Applications which are relevant to be deployed on these platforms are predictive maintenance, resource optimization, and energy data management. Analytics & data visualization comes bundled with these platforms and are necessary to predict and analyze asset performance and act accordingly.

    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. It also receives good support from the respective central governments and have well planned IoT policies and regulations in place to support the industry. 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. The big economies of Europe have experienced Y-o-Y decline in their manufacturing revenues in the past 5 years. As such, rejuvenating the existing manufacturing base remains a top priority for Europe. 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. Several of these players are conglomerates and consider IoT as a major part of their strategic business plans.

    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. Thus, these players have a competitive advantage when it comes to addressing the need of the market. However, the needs of the manufacturers keep on growing day by day and are open to invest in innovative solutions available from small players as well. 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. As such, IoT forms a major part of the Industry 4.0.

    Key stakeholders

    Manufacturers, logistics players, managed service providers, system integrators, consulting agencies, network providers, cloud service providers, software providers, policy makers, investor community, university researchers, blog writers, and technology magazines.

     

  • With tables and figures helping analyze worldwide Worldwide IoT in Discrete 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 12

    1.1 Industry Overview 12

    1.2 Industry Trends 13

    1.3 PEST Analysis 13


    2 Report Outline 15

    2.1 Report Scope 15

    2.2 Report Summary 15

    2.3 Research Methodology 15

    2.4 Report Assumptions 16


    3 Market Snapshot 16

    3.1 Total Addressable Market (TAM) 16

    3.2 Segmented Addressable Market (SAM) 17

    3.2.1 IoT Discrete manufacturing market by types 17

    3.3 Related Markets 17

    3.4 IoT in process manufacturing 17


    4 Market Outlook 18

    4.1 Overview 18

    4.2 Market Trends 18

    4.3 Market Definition 19

    4.4 Market Segmentation 19

    4.4.1 Ecosystem – IoT in discrete manufacturing 19
    4.4.2 Major technological solutions in the discrete manufacturing market 20
    4.5 20
    4.5.1 Major IoT solutions 20

    4.6 Evolution of technology in manufacturing 21

    4.7 Porter 5 (Five) Forces 22

    5 Market Characteristics 23

    5.1 IoT enabled informed manufacturing 23

    5.2 Future impact of IIoT applications in manufacturing 23

    5.3 Market Dynamics 23

    5.4 Drivers 24

    5.4.1.1 Business efficiency and lower operational costs 24
    5.4.1.2 Advancements in data analytics 24
    5.4.1.3 Rise in use of wireless solutions 24
    5.4.1.4 Aggressive growth strategy 25

    5.5 Restraints 25

    5.5.1.1 Lack of standards and interoperability 25
    5.5.1.2 Security concerns 25
    5.5.1.3 Lack of technological and ROI understanding 25

    5.6 Opportunities 26

    5.6.1.1 Growing market in Asia Pacific 26
    5.6.1.2 Connected products 26
    5.6.2 DRO – Impact Analysis 27

    6 Application 28

    6.1 Overview 28

    6.1.1 Data management 29
    6.1.2 Security 30
    6.1.3 Monitoring and tracking 31
    6.1.4 Predictive maintenance 32
    6.1.5 Others 33

    7 Software 33

    7.1 Overview 33

    7.1.1 Applications 35
    7.1.2 Analytics & visualization 35
    7.1.3 Middleware 36
    7.1.4 Security 37
    7.1.5 Cloud & fog platform 38

    8 Services 39

    8.1 Overview 39

    8.1.1 System Integration 40
    8.1.2 Consulting & knowledge sharing 41
    8.1.3 Managed services 42

    9 Verticals 43
    9.1.1 Overview 43
    9.1.2 Machineries 44
    9.1.3 Aviation and Aerospace 45
    9.1.4 Automotive 46
    9.1.5 Computer, equipment & personal electronics 47
    9.1.6 Others 48

    10 Region 49

    10.1 Overview 49

    10.1.1 North America 50
    10.1.1.1 US 53
    10.1.1.2 Canada 53
    10.1.2 Europe 53
    10.1.2.3 Germany 56
    10.1.2.4 France 57
    10.1.2.5 Netherlands 57
    10.1.2.6 Sweden 58
    10.1.2.7 Switzerland 58
    10.1.2.8 UK 58
    10.1.3 Asia Pacific 59
    10.1.3.1 China 62
    10.1.3.2 Japan 62
    10.1.3.3 India 62
    10.1.3.4 South Korea 63
    10.1.3.5 Australia 63
    10.1.4 Latin America 64
    10.1.4.1 Brazil 67
    10.1.4.2 Mexico 67
    10.1.5 Middle East & Africa (MEA) 67

    11 Vendors Profile 70

    11.1 PTC 71

    11.1.1 Overview 71
    11.1.2 Business units 71
    11.1.3 Geographic revenue 72
    11.1.4 Business Focus 73
    11.1.5 SWOT Analysis 73
    11.1.6 Business Strategy: 74

    11.2 Cisco Systems, Inc. 74

    11.2.1 Overview 74
    11.2.2 Business units 75
    11.2.3 Geographic revenue 76
    11.2.4 Business Focus 77
    11.2.5 SWOT analysis 77
    11.2.6 Business Strategy 78

    11.3 Wipro Limited 78

    11.3.1 Overview 78
    11.3.2 Business units 79
    11.3.3 Geographic revenue 80
    11.3.4 Business Focus 81
    11.3.5 SWOT analysis 81
    11.3.6 Business Strategy 81

    11.4 Rockwell Automation 82

    11.4.1 Overview 82
    11.4.2 Business units 83
    11.4.3 Geographic revenue 84
    11.4.4 Business focus 84
    11.4.5 SWOT analysis 84
    11.4.6 Business strategies 85

    11.5 Siemens AG 85

    11.5.1 Overview 85
    11.5.2 Business units 86
    11.5.3 Geographic revenue 87
    11.5.4 Business focus 88
    11.5.5 SWOT analysis 88
    11.5.6 Business strategy 88

    11.6 ABB Ltd 89

    11.6.1 Overview 89
    11.6.2 Business units 89
    11.6.3 Geographic revenue 90
    11.6.4 Business focus 91
    11.6.5 SWOT analysis 91
    11.6.6 Business strategy 91
    11.7 General Electric 92
    11.7.1 Overview 92
    11.7.2 Business units 92
    11.7.3 Geographic revenue 93
    11.7.4 Business focus 94
    11.7.5 SWOT analysis 94
    11.7.6 Business Strategy 94
    11.8 IBM 95
    11.8.1 Overview 95
    11.8.2 Business Unit 96
    11.8.3 Geographic Revenue 96
    11.8.4 Business Focus 97
    11.8.5 SWOT Analysis 97
    11.8.6 Business Strategy 98

    12 Companies to Watch for 99

    12.1 Konux 99

    12.1.1 Overview 99
    12.1.2 Konux Market 99
    12.1.3 Konux in IoT in Discrete Manufacturing Market 99

    12.2 Veniam 100

    12.2.1 Overview 100
    12.2.2 Veniam Market 100
    12.2.3 Veniam in IoT in Discrete Manufacturing Market 101
    Annexure 102
     Abbreviations 102

     

  • The Worldwide IoT in Discrete 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
    • Cisco Systems Inc
    • Wipro LTD
    • Rockwell Automation
    • Siemens AG
    • ABB Ltd
    • General Electric IBM
    • Konux
    • Veniam.
    By Regions:
      By Type:
        By Application:
        Licensing options
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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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