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IoT in Manufacturing Market by Component (Software and Services) and Application (Predictive Maintenance, Asset Performance Management, Quality Management, Cognitive Process & Operations Management, Supply Chain Management, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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IC_172483
Pages: 149
Aug 2017 | 2993 Views
 
Author's : Manish Kashyap
Tables: 45
Charts: 66
 

IoT in Manufacturing Market Overview:

IoT in Manufacturing industry was valued at $424 billion in 2016 and is expected to reach $994 billion by 2023, registering a CAGR of 13.1% from 2017 to 2023. Internet of Things (IoT) in manufacturing market provides various software and services that enable manufacturing companies to provide IoT-based solutions such as predictive maintenance, supply chain management, quality management, and others. Further, introduction to connected operational intelligence and real-time asset monitoring assist the manufacturers to boost the manufacturing process.

Global IoT in manufacturing market segmentation

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The global IoT in manufacturing market is segmented on the basis of component, application, and geography. On the basis of the component, it is bifurcated into software and services. Based on application, it is divided into predictive maintenance, asset performance management, quality management, cognitive process & operations management, supply chain management, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global IoT in manufacturing market ,2017-2023

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The global IoT in manufacturing market was valued at $424 million in 2016 and is expected to reach $994 million by 2023, growing at a CAGR of 13.1% from 2017 to 2023. The major factors that drive the market growth are advancement in technologies such as smart sensors and virtual reality & augmented reality; low operation cost; rise in demand for real-time asset monitoring; inadequate IT infrastructure; introduction to connected operational intelligence; and rise in adoption of cloud-based deployment model in countries such as India, China, Brazil, Mexico, and Russia.

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North America generated the highest revenue in the global IoT in manufacturing market in 2016, owing to deployment of advanced technologies, such as smart sensors and connected devices, and growth in demand for IoT in the manufacturing industry. Moreover, Asia-Pacific is expected to grow at the highest CAGR, due to rise in ICT expenditure in South Korea, Australia, Japan, and Singapore.

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The key players operating in the global IoT in manufacturing market include Cisco Systems Inc., Hitachi Ltd., IBM Corporation, Microsoft Corporation, PTC Inc., Robert Bosch GmbH, SAP SE, Software AG, Texas Instruments, and Zebra Technologies. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Rise in Demand of Real-time Asset Monitoring

Real-time asset monitoring facilitates enterprises to monitor the changes occurring in workshops in real time, thus minimizing the manufacturing defect and increasing the operational efficiency in the IoT in manufacturing market.

Inadequate IT Infrastructure

Developing nations across the world are yet to transform into technologically advanced hubs with rich IT infrastructure and digital content. This factor is expected to hinder the market growth of IoT in manufacturing industry during the forecast period.

Growth in Adoption of Cloud-based Deployment Model

Demand for cloud-based services has increased significantly due to benefits such as low cost, easy availability to data resources, and high demand for enterprise mobility management is expected to provide opportunity area for the growth of IoT in manufacturing market.

Key Benefits

  • Qualitative analysis is performed to understand current IoT in manufacturing market scenario.
  • The report includes an in-depth analysis of the global IoT in manufacturing market, outlining the possible drivers, restraints, and opportunities.  
  • The report provides highlights of top investment pockets, key impacting factors, and wining strategies.
  • Key players are identified with their market strategies such as product launch, mergers & acquisitions, and partnerships.

IoT In Manufacturing Market Key Segments:

By Component

  • Software
  • Services

By Application

  • Predictive Maintenance
  • Asset Performance Management
  • Quality Management
  • Cognitive Process & Operations Management
  • Supply Chain Management
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Cisco Systems Inc.
  • Hitachi Ltd.
  • IBM Corporation
  • Microsoft Corporation
  • PTC Inc.
  • Robert Bosch GmbH
  • SAP SE
  • Software AG
  • Texas Instruments
  • Zebra Technologies
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTERS FIVE FORCES ANALYSIS

3.4.1. MARKET DYNAMICS
3.4.2. Drivers
3.4.3. Restraints
3.4.4. Opportunities

Chapter: 4 GLOBAL IOT IN MANUFACTURING MARKET, BY COMPONENT

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. SOFTWARE

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 GLOBAL IOT IN MANUFACTURING MARKET, BY APPLICATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. PREDICTIVE MAINTENANCE

5.2.1. Market size and forecast

5.3. ASSET PERFORMANCE MANAGEMENT

5.3.1. Market size and forecast

5.4. QUALITY MANAGEMENT

5.4.1. Market size and forecast

5.5. COGNITIVE PROCESS AND OPERATIONS MANAGAMENT

5.5.1. Market size and forecast

5.6. SUPPLY CHAIN MANAGEMENT

5.6.1. Market size and forecast

5.7. OTHERS

5.7.1. Market size and forecast

Chapter: 6 IOT IN MANUFACTURING MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast by country

6.2.3.1. U.S. market size and forecast
6.2.3.2. Canada market size and forecast
6.2.3.3. Mexico market size and forecast

6.2.4. North America IoT in Manufacturing market by component
6.2.5. North America IoT in Manufacturing market by application

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast by country

6.3.3.1. UK market size and forecast
6.3.3.2. Germany market size and forecast
6.3.3.3. France market size and forecast
6.3.3.4. Italy market size and forecast
6.3.3.5. Rest of Europe market size and forecast

6.3.4. Europe IoT in Manufacturing market by component
6.3.5. Europe IoT in Manufacturing market by application

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast by country

6.4.3.1. China market size and forecast
6.4.3.2. India market size and forecast
6.4.3.3. Japan market size and forecast
6.4.3.4. Australia market size and forecast
6.4.3.5. South Korea market size and forecast
6.4.3.6. Rest of Asia-Pacific market size and forecast

6.4.4. Asia-Pacific IoT in Manufacturing market by component
6.4.5. Asia-Pacific IoT in Manufacturing market by application

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast by region

6.5.3.1. Latin America market size and forecast
6.5.3.2. Middle East market size and forecast
6.5.3.3. Africa market size and forecast

6.5.4. LAMEA IoT in Manufacturing market by component
6.5.5. LAMEA IoT in Manufacturing market by application

Chapter: 7 COMPANY PROFILES

7.1. CISCO SYSTEMS INC.

7.1.1. Operating business segments
7.1.2. Business performance
7.1.3. Key strategic moves and developments

7.2. HITACHI LTD.

7.2.1. Operating business segments
7.2.2. Business performance
7.2.3. Key strategic moves and developments

7.3. IBM CORPORATION

7.3.1. Operating business segments
7.3.2. Business performance
7.3.3. Key strategic moves and developments

7.4. MICROSOFT CORPORATION

7.4.1. Operating business segments
7.4.2. Business performance
7.4.3. Key strategic moves and developments

7.5. PTC INC.

7.5.1. Operating business segments
7.5.2. Business performance
7.5.3. Key strategic moves and developments

7.6. ROBERT BOSCH GMBH

7.6.1. Operating business segments
7.6.2. Business performance
7.6.3. Key strategic moves and developments

7.7. SAP SE

7.7.1. Operating business segments
7.7.2. Business performance
7.7.3. Key strategic moves and developments

7.8. SOFTWARE AG

7.8.1. Operating business segments
7.8.2. Business performance
7.8.3. Key strategic moves and developments

7.9. TEXAS INSTRUMENTS

7.9.1. Operating business segments
7.9.2. Business performance
7.9.3. Key strategic moves and developments

7.10. ZEBRA TECHNOLOGIES

7.10.1. Operating business segments
7.10.2. Business performance
7.10.3. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL IOT IN MANUFACTURING MARKET REVENUE, BY COMPONENT , 2016-2023 ($BILLION)
TABLE 2. IOT IN MANUFACTURING MARKET : SOFTWARE SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 3. IOT IN MANUFACTURING MARKET : SERVICE SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 4. GLOBAL IOT IN MANUFACTURING MARKET REVENUE, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 5. IOT IN MANUFACTURING MARKET : PREDICTIVE MAINTENANCE SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 6. IOT IN MANUFACTURING MARKET : ASSET PERFORMANCE MANAGEMENT SEGMENT, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 7. IOT IN MANUFACTURING MARKET : QUALITY MANAGEMENT SEGMENT, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 8. IOT IN MANUFACTURING MARKET : COGNITIVE PROCESS AND OPERATIONS SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 9. IOT IN MANUFACTURING MARKET : SUPPLY CHAIN MANAGEMENT SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 10. IOT IN MANUFACTURING MARKET : OTHERS SEGMENT REVENUE, BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 11. IOT IN MANUFACTURING MARKET BY GEOGRAPHY, 2016-2023 ($BILLION)
TABLE 12. NORTH AMERICA IOT IN MANUFACTURING MARKET BY COUNTRY, 2016-2023 ($BILLION)
TABLE 13. EUROPE IOT IN MANUFACTURING MARKET BY COUNTRY, 2016-2023 ($BILLION)
TABLE 14. ASIA-PACIFIC IOT IN MANUFACTURING MARKET BY COUNTRY, 2016-2023 ($BILLION)
TABLE 15. LAMEA IOT IN MANUFACTURING MARKET BY REGION, 2016-2023 ($BILLION)
TABLE 16. CISCO SYSTEMS, INC: COMPANY SNAPSHOT
TABLE 17. CISCO SYSTEMS INC: OPERATING SEGMENTS
TABLE 18. CISCO SYSTEMS, INC: PRODUCT PORTFOLIO
TABLE 19. HITACHI, LTD: COMPANY SNAPSHOT
TABLE 20. HITACHI, LTD: OPERATING SEGMENTS
TABLE 21. HITACHI LTD: PRODUCT PORTFOLIO
TABLE 22. IBM CORPORATION: COMPANY SNAPSHOT
TABLE 23. IBM CORPORATION: OPERATING SEGMENTS
TABLE 24. IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 25. MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 26. MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 27. MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 28. PTC INC: COMPANY SNAPSHOT
TABLE 29. PTC INC: OPERATING SEGMENTS
TABLE 30. PTC INC: PRODUCT PORTFOLIO
TABLE 31. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 32. ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 33. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 34. SAP SE: COMPANY SNAPSHOT
TABLE 35. SAP SE: OPERATING SEGMENTS
TABLE 36. SAP SE: PRODUCT PORTFOLIO
TABLE 37. SOFTWARE AG: COMPANY SNAPSHOT
TABLE 38. SOFTWARE AG: OPERATING SEGMENTS
TABLE 39. SOFTWARE AG: PRODUCT PORTFOLIO
TABLE 40. TEXAS INSTRUMENTS: COMPANY SNAPSHOT
TABLE 41. TEXAS INSTRUMENTS: OPERATING SEGMENTS
TABLE 42. TEXAS INSTRUMENTS: PRODUCT PORTFOLIO
TABLE 43. ZEBRA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 44. ZEBRA TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 45. ZEBRA TECHNOLOGIES, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: IOT IN MANUFACTURING MARKET
FIGURE 2. TOP WINNING STRATEGIES, 2015-2017 (%)
FIGURE 3. TOP WINNING STRATEGIES, 2015-2017
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. TOP IMPACTING FACTORS
FIGURE 6. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 7. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 8. LOW THREAT OF SUBSTITUTES
FIGURE 9. LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET SHARE ANALYSIS, 2016
FIGURE 12. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13. GLOBAL IOT IN MANUFACTURING MARKET, BY COMPONENT
FIGURE 14. GLOBAL IOT IN MANUFACTURING MARKET, BY APPLICATION
FIGURE 15. IOT IN MANUFACTURING MARKET BY GEOGRAPHY, MARKET SHARE AND CAGR
FIGURE 16. NORTH AMERICA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 17. U.S. IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 18. CANADA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 19. MEXICO IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 20. EUROPE IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 21. UK IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 22. GERMANY IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 23. FRANCE IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 24. ITALY IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 25. REST OF EUROPE IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 26. ASIA-PACIFIC IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 27. CHINA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 28. INDIA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 29. JAPAN IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 30. AUSTRALIA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 31. SOUTH KOREA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 32. REST OF ASIA-PACIFIC IOT IN MANUFACTRUING MARKET, 2016-2023 ($BILLION)
FIGURE 33. LAMEA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 34. LATIN AMERICA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 35. MIDDLE EAST IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 36. AFRICA IOT IN MANUFACTURING MARKET, 2016-2023 ($BILLION)
FIGURE 37. CISCO SYSTEMS, INC.: NET REVENUE, 2014-2016 ($MILLION)
FIGURE 38. CISCO SYSTEMS, INC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 39. CISCO SYSTEMS, INC: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 40. HITACHI, LTD: NET SALES, 2014-2016 ($MILLION)
FIGURE 41. HITACHI LTD: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 42. HITACHI LTD: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 43. IBM CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 44. IBM CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 45. IBM CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 46. MICROSOFT CORPORATION: NETSALES, 2014-2016 ($MILLION)
FIGURE 47. MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 48. MICROSOFT CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 49. PTC INC: NET SALES, 2014-2016 ($MILLION)
FIGURE 50. PTC INC: REVENUE SHARE BY SEGEMNT, 2016 (%)
FIGURE 51. PTC INC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 52. ROBERT BOSCH GMBH: NET SALES, 2014-2016 ($MILLION)
FIGURE 53. ROBERT BOSCH GMBH: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 54. ROBERT BOSCH GMBH: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 55. SAP SE: NET SALES, 2014-2016 ($MILLION)
FIGURE 56. SAP SE: REVENUE SHARE BY BUSINESS, 2016 (%)
FIGURE 57. SAP SE: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 58. SOFTWARE AG: NET SALES, 2014-2016 ($MILLION)
FIGURE 59. SOFTWARE AG: REVENUE SHARE BY SEGEMNT, 2016 (%)
FIGURE 60. SOFTWARE AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 61. TEXAS INSTRUMENTS: NET SALES, 2014-2016 ($MILLION)
FIGURE 62. TEXAS INSTRUMENTS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 63. TEXAS INSTRUMENTS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 64. ZEBRA TECHNOLOGIES, INC.: NET SALES, 2014-2016 ($MILLION)
FIGURE 65. ZEBRA TECHNOLOGIES, INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 66. ZEBRA TECHNOLOGIES, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

The global IoT in manufacturing market is expected to grow at a significant rate of 13.1% from 2017 to 2023 to reach $994 billion by 2023. IoT is a network of interconnected devices that facilitates the user to communicate and transfer data remotely with the help of embedded sensors.

Advancement in technology, such as real time-asset monitoring, predictive maintenance, and connected operational intelligence, is expected to boost the IoT solutions in manufacturing sector during the forecast period. Rise in adoption of cloud-based services, enhancement in operational effectiveness, and high demand for automated business process implementation among enterprises in the manufacturing sector are expected to fuel the IoT in manufacturing market growth.

The predictive maintenance segment is expected to witness significant growth in IoT in manufacturing market, due to technological advancements, such as smart sensors and cloud computing, adopted by the key market players.

The services segment was the highest contributor in 2016, in terms of revenue. Further, predictive maintenance segment is expected to witness the highest growth rate during the forecast period. Geographically, North America market accounted for the highest share in 2016, followed by Europe. However, Asia-Pacific is anticipated to grow at the highest growth rate, due to rise in ICT expenditure in countries such as South Korea, Australia, Singapore, and India.

The key market players in the global IoT in manufacturing industry have adopted product launches, partnerships, business expansions, promotional activities, and strategic alliances to create awareness about the technology and increase their adoption in the manufacturing sector.

 

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