IoT in Manufacturing Market worth $53.8 billion by 2025 - Exclusive Report by MarketsandMarkets IoT in Manufacturing Market by Component (Solutions (Network Management and Data Management) and Services (Professional and Managed)), Deployment Mode, Organization Size, Application, Vertical (Process and Discrete), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the IoT in Manufacturing Market size is projected to grow from USD 33.2 billion in 2020 to USD 53.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.
The major factors driving the growth of the IoT in Manufacturing Market include growing demand for industrial automation in the manufacturing industry, rising need for centralized monitoring and predictive maintenance of assets, rise in the number of cost-effective and intelligent connected devices and sensors, increasing need for reliable, secure, and high-speed network connectivity, and increased adoption of
by Component (Solutions (Network Management and Data Management) and Services (Professional and Managed)), Deployment Mode, Organization Size, Application, Vertical (Process and Discrete), and Region - Global Forecast to 2025 , published by MarketsandMarkets™, the IoT in Manufacturing Market size is projected to grow from USD 33.2 billion in 2020 to USD 53.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.
The major factors driving the growth of the IoT in Manufacturing Market include growing demand for industrial automation in the manufacturing industry, rising need for centralized monitoring and predictive maintenance of assets, rise in the number of cost-effective and intelligent connected devices and sensors, increasing need for reliable, secure, and high-speed network connectivity, and increased adoption of cloud computing platforms.