IoT in Manufacturing Market is projected to grow up to USD 63.61 billion by 2027 growing at a CAGR of 9.8% during the forecasting period 2021-2027.

Modern manufacturers use edge and cloud technologies to create the industrial internet of things (IIoT). Improving product quality may minimise scrap, waste, and rework while increasing production output. Affordability has enabled companies to use IoT technology to minimise resource consumption and increase overall production. Demand for real-time asset monitoring, appropriate IT infrastructure, linked operational intelligence, and rising use of cloud-based deployment methods are all driving the worldwide IoT in manufacturing market.
The global IoT in Manufacturing market is segregated on the basis of Component as Software and Services. Based on Organization Size the global IoT in Manufacturing market is segmented in SMEs and Large Enterprises. Based on Application the global IoT in Manufacturing market is segmented in Predictive Maintenance, Asset Performance Management, Quality Management, Cognitive Process & Operations Management, Supply Chain Management, and Others.
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The IoT in Manufacturing Market report has been categorized as below
By Component
Software
Services
By Organization Size
SMEs
Large Enterprises
By Application
Predictive Maintenance
Asset Performance Management
Quality Management
Cognitive Process & Operations Management
Supply Chain Management
Others
By Deployment
On-Premise
Cloud
By Solutions
Network Management
Data Management
Device Management
Application Management
Smart Surveillance
By Region
North America
Europe
Asia-Pacific
Rest of the World
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