TMCnet News
The IoT in manufacturing market is expected to grow at a Compound Annual Growth Rate (CAGR) of 29.0%NEW YORK, Jan. 30, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p04660848 Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period. The APAC market is expected to witness significant growth and is projected to be the fastest growing region in the IoT in manufacturing market. APAC has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market. Governments in the APAC region are continuously investing in the R&D of IoT in manufacturing solutions and services. Expanding IT landscape is boosting the market growth in this region. In addition, increase mandate for regulatory compliance and advent of data analytics, and processing and intelligent machine applications are some of the growth drivers of the IoT in manufacturing market. In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows: • By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30% • By Designation: C-Level – 72%, Director Level – 14%, and Others – 14% • By Region: North America – 57%, Europe – 14%, APAC – 29% The IoT in manufacturing market includes various vendors, such as PTC (US), Cisco Systems (US), General Electric (US), IBM (US), SAP (Germany), Zebra Technologies (US), Siemens (Germany), Huawei (China), Microsoft (US), Bosch (Germany), Schneider Electric (France), and Wind River (US). Research Coverage: The report includes an in-depth competitive analysis of the key players in the IoT in manufacturing market along with their company profile, recent developments, and key market strategies. The report segments the IoT in manufacturing market by component (solution, platform, and services), application area, vertical market, and region. Reasons to Buy the Report: The IoT in manufacturing market has been segmented on the basis of component (solution, platform, and services), application area, vertical, and region. The report will help market leaders/new entrants in the IoT in manufacturing market in the following ways: 1. The overall IoT in manufacturing market revenue stream has been estimated based on the revenues of the vendors offering IoT in manufacturing solutions, platforms, and services. It is inclusive of managed and professional services. Further, professional services include IoT consulting services, IoT infrastructure services, system designing and integration services, support and maintenance services and education and training services. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market is further split into regions. 2. The report will help the stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities. 3. The report will help the stakeholders understand their competitors and gain more insights to improve their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions related to the IoT in manufacturing market. Read the full report: https://www.reportlinker.com/p04660848 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-iot-in-manufacturing-market-is-expected-to-grow-at-a-compound-annual-growth-rate-cagr-of-290-300590178.html SOURCE Reportlinker |