IoT in Manufacturing Market Size, Share, Industry Demand, Global Analysis


Posted August 5, 2021 by advikchandran

The global xx in IoT in Manufacturing Market is estimated to record growth, registering a CAGR of during the year 2021-2027.

 
IoT Integration Market is projected to grow up to USD 8.82 billion by 2027 growing at a CAGR of 28.3% during the forecasting period 2021-2027.

IoT integration refers to the services that suppliers offer to ensure that IoT devices work properly. Different businesses are increasingly relying on cloud-based integration technologies to achieve digital transformation, allowing the IoT integration sector to expand quickly. Integration is beneficial for capturing data from smart devices and moving it into corporate applications to automate operations and provide insights through analytics. IoT integration offers capabilities that meet competitive scenarios. The alignment of management strategy inside organisational strategies contributes to IoT integration market prospects.
Customers are requesting customizations to already deployed IoT solutions in order to improve their performance. Precision alarm systems, better security measures, and the capacity to manage growing business data are among the customisation needs of IoT integration services. As a result, as the need for custom features and the platform grows, so does the demand for integration, deployment, maintenance, and consulting services. The proliferation of connected devices to encourage BYOD and remote workplace management, the development of wireless technologies, the need to increase operational efficiency, the maturing partner agreements of IoT vendors, and the emergence of Internet Protocol 6 are the major growth drivers for the market.
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The IoT Integration Market report has been categorized as below
By Component
Solution
Service
By Services
Advisory Services
Database & Block Storage Management Services
Device & Platform Management Services
Infrastructure & Workload Management Services
Network Protocol Management Services
Service Provisioning & Directory Management Services
System Design & Architecture Services
Testing Services
Third Party API Management Services
By Application
Smart Building and Home Automation
Smart Healthcare
Energy and Utilities
Industrial Manufacturing and Automation
Smart Retail
Smart Transportation, Logistics, and Telematics
By Deployment
On-Premise
Cloud
By Region
North America
Europe
Asia-Pacific
Rest of the World

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Last Updated August 5, 2021