Global IoT in Process Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2019–2025
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 2019–2022.
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 2019–2022.
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 2019–2022. 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.
Same as Description
Companies Mentioned in the Report
PTC Inc,Cisco Systems Inc,Siemens AG,ABB Ltd,Rockwell Automation Inc,General Electric(GE),IBM Corporation
SAP SE,Microsoft Corp,Intel Corporation.
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
Tables
TABLE 1 IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TYPES, 2019–2025 ($MILLION) 22
TABLE 2 IOT IN PROCESS MANUFACTURING MARKET GROWTH BY TYPES, 2019–2025, Y-O-Y (%) 22
TABLE 3 IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TECHNOLOGIES, 2019–2025 ($MILLION) 27
TABLE 4 IOT IN PROCESS MANUFACTURING MARKET GROWTH BY TYPES, 2019–2025, Y-O-Y (%) 27
TABLE 5 IOT IN PROCESS MANUFACTURING MARKET REVENUE BY APPLICATIONS, 2019–2025 ($MILLION) 32
TABLE 6 IOT IN PROCESS MANUFACTURING MARKET GROWTH BY APPLICATIONS, 2019–2025, Y-O-Y (%) 33
TABLE 7 IOT IN PROCESS MANUFACTURING MARKET REVENUE BY REGIONS, 2019–2025 ($MILLION) 38
TABLE 8 IOT IN PROCESS MANUFACTURING MARKET GROWTH BY REGIONS, 2019–2025, Y-O-Y (%) 39
TABLE 9 AMERICAS IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TYPES, 2019-2025 ($MILLION) 39
TABLE 10 AMERICAS MARKET REVENUE BY SERVICES, 2019-2025 ($MILLION) 39
TABLE 11 AMERICAS MARKET REVENUE BY TECHNOLOGIES, 2019-2025 ($MILLION) 40
TABLE 12 EUROPE IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TYPES, 2019-2025 ($MILLION) 42
TABLE 13 EUROPE MARKET REVENUE BY SERVICES, 2019-2025 ($MILLION) 43
TABLE 14 EUROPE MARKET REVENUE BY TECHNOLOGIES, 2019-2025 ($MILLION) 43
TABLE 15 ASIA PACIFIC IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TYPES, 2019-2025 ($MILLION) 45
TABLE 16 ASIA PACIFIC MARKET REVENUE BY SERVICES, 2019-2025 ($MILLION) 45
TABLE 17 ASIA PACIFIC MARKET REVENUE BY TECHNOLOGIES, 2019-2025 ($MILLION) 46
TABLE 18 MEA IOT IN PROCESS MANUFACTURING MARKET REVENUE BY TYPES, 2019-2025 ($MILLION) 48
TABLE 19 MEA MARKET REVENUE BY SERVICES, 2019-2025 ($MILLION) 48
TABLE 20 MEA MARKET REVENUE BY TECHNOLOGIES, 2019-2025 ($MILLION) 48
TABLE 21 IOT IN PROCESS MANUFACTURING MARKET REVENUE BY VERTICALS, 2019–2025 ($MILLION) 51
TABLE 22 IOT IN PROCESS MANUFACTURING MARKET GROWTH BY VERTICALS, 2019–2025, Y-O-Y (%) 51
Charts
CHART 1 PEST ANALYSIS OF IOT IN PROCESS MANUFACTURING MARKET 11
CHART 2 RESEARCH METHODOLOGY OF IOT IN PROCESS MANUFACTURING 12
CHART 3 GLOBAL IOT IN PROCESS MANUFACTURING MARKET REVENUE, 2019-2025 ($BILLION) 14
CHART 4 PORTER 5 FORCES ON IOT IN PROCESS MANUFACTURING MARKET 17
CHART 5 EVOLUTION OF INDUSTRIAL INTERNET OF THINGS 17
CHART 6 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 18
CHART 7 DRO - IMPACT ANALYSIS OF IOT IN PROCESS MANUFACTURING MARKET 21
CHART 8 SOFTWARE MARKET REVENUE, 2019-2025 ($MILLION) 23
CHART 9 MANAGED SERVICES MARKET REVENUE, 2019-2025 ($MILLION) 24
CHART 10 PROFESSIONAL SERVICES MARKET REVENUE, 2019-2025 ($MILLION) 25
CHART 11 PROFESSIONAL SERVICES METHODOLOGY 25
CHART 12 SYSTEM INTEGRATION MARKET REVENUE, 2019-2025 ($MILLION) 26
CHART 13 SYSTEM INTEGRATED SERVICES 26
CHART 14 WI-FI MARKET REVENUE, 2019-2025 ($MILLION) 28
CHART 15 3G MARKET REVENUE, 2019-2025 ($MILLION) 29
CHART 16 4G MARKET REVENUE, 2019-2025 ($MILLION) 29
CHART 17 BLUETOOTH MARKET REVENUE, 2019-2025 ($MILLION) 30
CHART 18 ETHERNET MARKET REVENUE, 2019-2025 ($MILLION) 31
CHART 19 ETHERNET COMBINES AUTOMATION NETWORKS 31
CHART 20 PREDICTIVE MAINTENANCE MARKET REVENUE, 2019-2025 ($MILLION) 33
CHART 21 ASSET TRACKING & INVENTORY MANAGEMENT MARKET REVENUE, 2019-2025 ($MILLION) 34
CHART 22 SUPPLY CHAIN MANAGEMENT & LOGISTICS MARKET REVENUE, 2019-2025 ($MILLION) 35
CHART 23 REMOTE MONITORING & CONTROL MARKET REVENUE, 2019-2025 ($MILLION) 36
CHART 24 PROCESS OPTIMIZATION MARKET REVENUE, 2019-2025 ($MILLION) 37
CHART 25 FMCG MARKET REVENUE, 2019-2025 ($MILLION) 52
CHART 26 CHEMICAL INDUSTRY MARKET REVENUE, 2019-2025 ($MILLION) 53
CHART 27 PHARMACEUTICAL MARKET REVENUE, 2019-2025 ($MILLION) 53
CHART 28 IOT APPLICATIONS ACROSS THE PHARMACEUTICAL INDUSTRY 54
CHART 29 PHARMACEUTICAL INDUSTRY DIGITAL ECOSYSTEM 54
CHART 30 OIL & GAS MARKET REVENUE, 2019-2025 ($MILLION) 55
CHART 31 IOT MATURITY AND BUSINESS PRIORITIES IN OIL & GAS INDUSTRY 56
CHART 32 LIFE SCIENCES MARKET REVENUE, 2019-2025 ($MILLION) 57
CHART 33 PTC: OVERVIEW SNAPSHOT 58
CHART 34 PTC: BUSINESS UNITS 58
CHART 35 PTC: GEOGRAPHIC REVENUE 59
CHART 36 PTC: SWOT ANALYSIS 60
CHART 37 CISCO: OVERVIEW SNAPSHOT 62
CHART 38 CISCO: BUSINESS UNITS 63
CHART 39 CISCO: GEOGRAPHIC REVENUE 64
CHART 40 CISCO: SWOT ANALYSIS 66
CHART 41 SIEMENS: OVERVIEW SNAPSHOT 67
CHART 42 SIEMENS: BUSINESS UNITS 68
CHART 43 SIEMENS: GEOGRAPHIC REVENUE 69
CHART 44 SIEMENS: SWOT ANALYSIS 71
CHART 45 ABB: OVERVIEW SNAPSHOT 72
CHART 46 ABB: BUSINESS UNITS 73
CHART 47 ABB: GEOGRAPHIC REVENUE 74
CHART 48 ABB: SWOT ANALYSIS 76
CHART 49 ROCKWELL AUTOMATION: OVERVIEW SNAPSHOT 77
CHART 50 ROCKWELL AUTOMATION: BUSINESS UNITS 77
CHART 51 ROCKWELL AUTOMATION: GEOGRAPHIC REVENUE 78
CHART 52 ROCKWELL AUTOMATION: SWOT ANALYSIS 79
CHART 53 GE: OVERVIEW SNAPSHOT 80
CHART 54 GE: BUSINESS UNITS 81
CHART 55 GE: GEOGRAPHIC REVENUE 82
CHART 56 GE: SWOT ANALYSIS 83
CHART 57 IBM: OVERVIEW SNAPSHOT 84
CHART 58 SAP: OVERVIEW SNAPSHOT 86
CHART 59 MICROSOFT CORP.: OVERVIEW SNAPSHOT 87
CHART 60 INTEL: OVERVIEW SNAPSHOT 89
Research Methodology
The research study released with title "Global IoT in Process Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2019–2025" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Key Executives Interviewed
Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.
To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.
HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Global IoT in Process Manufacturing Market Drivers Opportunities Trends and Forecasts research. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Global IoT in Process Manufacturing Market Drivers Opportunities Trends and Forecasts research who then work towards appointment generation.
Primary Data Collection
The primary research is performed by taking the interviews of executives of various companies dealing in the Global IoT in Process Manufacturing Market Drivers Opportunities Trends and Forecasts research as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.
Secondary Sources
The secondary resources considered in the Global IoT in Process Manufacturing Market Drivers Opportunities Trends and Forecasts research study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.
Market Breakdown and Data Triangulation
To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Global IoT in Process Manufacturing Market – Drivers, Opportunities, Trends, and Forecasts: 2019–2025" .
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Key Information from Primary Sources
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| 1-User Access | The report is sent in PDF format. The report will be emailed to you. | This is a single user access license, allowing one specific user to access the report. |
| Site User | The study would be provided in PDF format. The report will be emailed to you. | This is a site license, allowing 1-10 employees within your organisation to access the report. |
| Enterprise User | The format of deliverable would be PDF and Excel. | This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report. |
