DUBLIN--(BUSINESS WIRE)--The "Global Internet of Things (IoT) in Manufacturing Market - Market Size, Trends, and Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.
The Internet of Things in the manufacturing market is estimated to grow at a CAGR of 29.68% during the forecast period of 2015-2020. Every gadget we own is getting smarter. The interconnected network of computing devices has completely changed the way we live. Now it is the turn of the Internet of Things.
Several major enterprises around the world are investing billions of dollars in the Internet of Things. In the year 2014, manufacturing firms achieved the highest revenue from their investments in the Internet of Things. The world average of IoT spending per company in 2015 in the manufacturing industry was USD 110.35 million, which was 0.45% of the average revenue earned by the companies in the manufacturing industry. By 2018, manufacturing companies around the world are expected to spend 10% more on IoT initiatives.
The pressure on manufacturing firms to reduce costs, find innovative business models to reach their customers, and create smart products is mounting day by day. With companies giving importance to the first mover advantage, the market for the Internet of Things in the manufacturing industry is growing rapidly.
With the amount of data generated in the world increasing at a whopping annual rate of 40%, we will generate approximately 35 zettabytes annually by 2020. The untapped potential of big data, which is currently booming in data analytics, will be unleashed by 2020 and the IoT will have a major role in data collection from multiple facets of the value chain.
- Cisco Systems, Inc.
- General Electric
- Intel Corporation
- IBM Corporation
- Siemens AG
- Hitachi Data Systems
- Microsoft Corporation
- SAP SE
- Zebra Technologies
- Bosch Software Innovations
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Technology Snapshot
6. Global Internet of Things in manufacturing Segmentation, Forecasts and Trends
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of Internet of Things in Manufacturing Market
For more information about this report visit https://www.researchandmarkets.com/research/wncl93/global_internet