IoT in Manufacturing Market Outlook

The IoT in manufacturing market is expected to expand its roots at a steady CAGR of 14.7% during the forecast period. The market is likely to hold a revenue of USD 265.2 billion in 2023 while it is anticipated to cross a value of USD 948.6 billion by 2033.

The research report on the IoT in manufacturing market states that the higher penetration of IoT, AI, cloud computing, and ML in industrial spaces is garnering market growth. Furthermore, the ease and higher productivity delivered by the rapid automation of the manufacturing units are pushing competitors to adopt the recent technology.

The concept of AIoT which stands for artificial intelligence of things is likely to close the gap in data performance and utilization. Thus, the AI and IoT convergence in manufacturing is creating new opportunities for the product manufacturing landscape. The enhanced security layering has also become the backbone of increased cyber resiliency, making IoT integration safer than ever. The restoration of production and manufacturing facilities post-pandemic is backed by extended research and development programs. This has resulted in the addition of sensor technology advancements, sensing temperature, weight, state, etc. The power of cyber-physical systems and other internet technologies is projected to improve the production process and supply chain.

IoT in manufacturing market analysis explains that the dynamic of connected products eases manufacturing procedures while cutting costs of labor. The IoT in manufacturing spaces is transforming how industries utilize, communicate, and operate data. The other elements of the fifth industrial revolution and its cooperation with leading companies and SMEs are anticipated to fuel market growth.

Attributes Details
IoT in Manufacturing Market CAGR (2023 to 2033) 14.7%
IoT in Manufacturing Market Size (2023) USD 265.2 billion
IoT in Manufacturing Market Size (2033) USD 948.6 billion

How is the Future Outlook (2023 to 2033) for IoT in Manufacturing Market in Comparison to the Historical Pattern (2018 to 2022)?

Short-term Growth (2023 to 2026): IoT and cyber-physical systems are the need of the hour. With highly productive systems and smooth supply chains, manufacturers look for 100% errorless proficiency. Furthermore, the new-age products and their production involving new technological additions are also flourishing the market growth. With these wide ranges of applications, the market is expected to hold USD 265.2 billion in 2023 while it is anticipated to reach USD 400.19 billion by 2026.

Mid-term Growth (2026 to 2029): The higher penetration of sustainability in manufacturing along with the integration of IoT and AI, adds value to the market trajectory. Higher production value along with the cost-cutting benefits delivered by it is fuelling the demand for IoT in manufacturing. This takes a market value from USD 400.19 billion in 2026 to a value of USD 603.89 billion in 2029.

Long-term Growth (2029 to 2033): This period is expected to witness the manufacturing units working along with AI, cloud computing, and IoT. This is anticipated to happen due to the improved network bandwidths and high-speed internet. Thus, the market is anticipated to thrive at a strong CAGR of 14.7% between 2023 and 2033.

What Growth Drivers Flourish in the Market?

Industrial expansion is witnessing the addition of advanced software and hardware while it becomes the center-point of transformation for other experiments. The addition of IoT in manufacturing is likely to add a new chapter to the history of production. There is a rising demand for agile production and operational efficiency along with the importance of intelligent machine applications. Alongside this, an increase in regulatory compliance around the globe is anticipated to boost the IoT in the manufacturing market. The IoT-integrated manufacturing devices accelerate predictive maintenance, track data, and deliver real-time insights.

What are the Key Restraints of the Market?

Some key restraints for the market are lack of infrastructure, awareness, and capital. The brands that have lost their business during the pandemic period. Hence, surviving on limited capital sources is the only option that these businesses have. Furthermore, the semi-automatic alternatives with affordable pricing are also limiting the market growth. Another factor that limits the market growth is the integration of these standards in a way that Machine-to-Machine (M2M) communication. As it becomes more user-friendly and versatile.

Country-wise Insights

Region/Country United States
Revenue Share % (2022) 20.5%
Region/Country Germany
Revenue Share % (2022) 12.1%
Region/Country Japan
Revenue Share % (2022) 8.6%
Region/Country Australia
Revenue Share % (2022) 2.3%
Region/Country North America
Revenue Share % (2022) 38.5%
Region/Country Europe
Revenue Share % (2022) 24.3%

Why is the United States Considered an IoT in Manufacturing Market Leader?

Higher Industrial Automation, Availability of Infrastructure, and Increased Application of Robotics in Industrial Spaces Fuel the Regional Growth

The United States IoT in manufacturing market leads in terms of market share in the North American region. The region held a market share of 20.5% in 2022. North America has dominance in the IoT in the manufacturing market as it held a 38.5% global share in 2022. The developed economies in this region, such as the United States and Canada, are continuously investing in industrial research and development. Adding new technological layers to their manufacturing systems.

Manufacturers use IoT and analytics to operate and enhance their businesses to stay competitive. The application of smart sensors is also helping the producers in utilizing data, better communication, and enhanced productivity.

How does Germany Perform in the Market?

Restoration of Automotive Manufacturing, Error-less Manufacturing, and Integration of AI are garnering the Regional Growth

The German IoT in Manufacturing market held a market share of 12.1% in 2022 while the European Union held a market share of 24.3%. The growth is attributed to the existing automotive industry with large-scale parts manufacturing facilities. These firms have started automating and integrating them with advanced technology. Furthermore, these manufacturing facilities and their data processing has been made easy through the integration of IoT and artificial intelligence. The increased cross-border trade and investment are expected to improve the supply chain through the application of IoT.

Category-wise Landscape

Category By Vertical
Leading Segment Discrete Manufacturing
Market Share (2022) 57.6%
Category By Application
Leading Segment Automation Control and Management
Market Share (2022) 19.3%

Data-driven Innovations, Better Productivity, and Efficiency are Garnering the Segmental Growth

Based on vertical type, discrete manufacturing leads as it held a substantial market share of 57.6% in 2022. The growth of this segment is due to the transforming IT and OT systems. The shift towards software-defined infrastructure and machines is also making the segment successful. Lastly, data-driven innovations are expected to decrease the barriers to IoT in manufacturing.

Faster, Error-less, and Improved Production Management is Fueling the Segment’s Demand

Based on application, the automation control and management segment lead as it held a market share of 19.3% in 2022. The growth is attributed to the IoT’s integration with computer automation controls. This further helps in streamlining the industrial systems, and tracking their performance while removing errors and inefficiencies.

Competition Scenario

The key players in the market focus on delivering better integration options. The IoT hardware and software launched by vendors are updated with the ongoing functions and should be customizable. Furthermore, Industry 4.0’s other elements like artificial intelligence, and cloud computing are also being integrated with IoT deployments.

How can IoT in Manufacturing Vendors Providers Scale their Businesses in the Market?

Market players in the market are working on three key strategies.

  • Different organic and inorganic tactics like product releases, partnerships, and collaborations.
  • New technological integration to help the end users according to their custom needs.
  • The high-end research and development facilities are also a part of the competitive strategy.

Market Developments

  • IBM and ClearBlade, a producer of industrial IoT platforms and edge computing tools, established a partnership in October 2020. To enable Edge IoT asset monitoring for near-real-time asset management.
  • Modular Capital, a private financial organization, invested USD 200K in DesignX, an Industrial IoT company based in India. With edge solutions, the company wants to invest this money in transforming comprehensive IoT solutions. Whereas, focus on asset performance management.

Key Players

  • Cisco
  • IBM
  • PTC
  • Microsoft
  • Siemens AG
  • GE
  • SAP
  • Huawei
  • ATOS
  • HCL
  • Intel
  • Oracle
  • Schneider Electric
  • Zebra Technologies
  • Software AG
  • Wind River
  • Samsara
  • Telit (United Kingdom)
  • ScienceSoft
  • Impinj
  • Bosch.IO
  • Litmus Automation

Key Segments Covered

By Component:

  • Solution
  • Services

By Solution:

  • Network management
    • Network bandwidth management
    • Network security management
    • Network performance monitoring and management
    • Network configuration management
  • Data management
    • Data integration
    • Data security
    • Data migration
    • Data analytics and visualization
    • Metadata management
    • Data governance
    • Data orchestration
  • Device management
    • Device provisioning and authentication
    • Device configuration management
    • Monitoring and troubleshooting
  • Application management
  • Smart surveillance
    • Central monitoring system
    • Video analytics and events

By Services:

  • Managed services
    • Infrastructure management services
    • Security management services
    • Network management services
    • Data management services
    • Device management services
  • Professional services
    • IoT consulting services
      • Technology consulting services
      • Business consulting services
      • Operational consulting services
    • IoT infrastructure services
      • Network services
      • Deployment services
      • Cloud services
    • System designing and integration services
      • Platform development and integration services
      • Mobile and web application development services
    • Support and maintenance services
    • Education and training services

By Organisation Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Deployment Mode:

  • On-premises
  • Cloud

By Application:

  • Predictive maintenance
  • Business process optimization
  • Asset tracking and management
  • Logistics and supply chain management
  • Real-time workforce tracking and management
  • Automation control and management
  • Emergency and incident management and business communication

By Vertical:

  • Process manufacturing
    • Chemical and materials
    • Food and beverages
    • Water and waste management
    • Other verticals
  • Discrete manufacturing
    • Automotive
    • Machine Manufacturing
    • Semiconductor and electronics
    • Medical devices
    • Logistics and transportation

Key Regions Covered:

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • Rest of the Middle East and Africa (MEA)

Table of Content

  • 1. Executive Summary | IoT in Manufacturing Market
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
    • 5.1. Solution
    • 5.2. Services
  • 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution
    • 6.1. Network management
      • 6.1.1. Network bandwidth management
      • 6.1.2. Network security management
      • 6.1.3. Network performance monitoring and management
      • 6.1.4. Network configuration management
    • 6.2. Data management
      • 6.2.1. Data integration
      • 6.2.2. Data security
      • 6.2.3. Data migration
      • 6.2.4. Data analytics and visualization
      • 6.2.5. Metadata management
      • 6.2.6. Data governance
      • 6.2.7. Data orchestration
    • 6.3. Device management
      • 6.3.1. Device provisioning and authentication
      • 6.3.2. Device configuration management
      • 6.3.3. Monitoring and troubleshooting
    • 6.4. Application management
    • 6.5. Smart surveillance
      • 6.5.1. Central monitoring system
      • 6.5.2. Video analytics and events
  • 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services
    • 7.1. Managed services
      • 7.1.1. Infrastructure
      • 7.1.2. Security
      • 7.1.3. Network
      • 7.1.4. Data
      • 7.1.5. Device
    • 7.2. Professional services
      • 7.2.1. IoT consulting services
      • 7.2.2. IoT infrastructure services
      • 7.2.3. System designing and integration services
      • 7.2.4. Support and maintenance services
      • 7.2.5. Education and training services
  • 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Organisation Size
    • 8.1. Small and Medium Enterprises
    • 8.2. Large Enterprises
  • 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Mode
    • 9.1. On-premises
    • 9.2. Cloud
  • 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    • 10.1. Predictive maintenance
    • 10.2. Business process optimization
    • 10.3. Asset tracking and management
    • 10.4. Logistics and supply chain management
    • 10.5. Real-time workforce tracking and management
    • 10.6. Automation control and management
    • 10.7. Emergency and incident management and business communication
  • 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical
    • 11.1. Process manufacturing
      • 11.1.1. Energy and utilities
      • 11.1.2. Chemical and materials
      • 11.1.3. Food and beverages
      • 11.1.4. Water and waste management
      • 11.1.5. Other verticals
    • 11.2. Discrete manufacturing
      • 11.2.1. Automotive
      • 11.2.2. Machine manufacturing
      • 11.2.3. Semiconductor and electronics
      • 11.2.4. Medical devices
      • 11.2.5. Logistics and transportation
  • 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 12.1. North America
    • 12.2. Latin America
    • 12.3. Europe
    • 12.4. South Asia
    • 12.5. East Asia
    • 12.6. Oceania
    • 12.7. MEA
  • 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 19. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 20. Key Countries Market Analysis
  • 21. Market Structure Analysis
  • 22. Competition Analysis
    • 22.1. Cisco
    • 22.2. IBM
    • 22.3. PTC
    • 22.4. Microsoft
    • 22.5. Siemens AG
    • 22.6. GE
    • 22.7. SAP
    • 22.8. Huawei
    • 22.9. ATOS
    • 22.10. HCL
  • 23. Assumptions & Acronyms Used
  • 24. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 6: Global Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 8: Global Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 12: North America Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 14: North America Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 16: North America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 20: Latin America Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 22: Latin America Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 24: Latin America Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 28: Europe Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 30: Europe Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 32: Europe Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 33: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: South Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 35: South Asia Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 36: South Asia Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 37: South Asia Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 38: South Asia Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 39: South Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 40: South Asia Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 41: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: East Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 43: East Asia Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 44: East Asia Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 45: East Asia Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 46: East Asia Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 47: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 48: East Asia Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 49: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 50: Oceania Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 51: Oceania Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 52: Oceania Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 53: Oceania Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 54: Oceania Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 55: Oceania Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 56: Oceania Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

Table 57: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 58: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 59: MEA Market Value (US$ Million) Forecast by Solution, 2018 to 2033

Table 60: MEA Market Value (US$ Million) Forecast by Services , 2018 to 2033

Table 61: MEA Market Value (US$ Million) Forecast by Organisation Size, 2018 to 2033

Table 62: MEA Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033

Table 63: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033

Table 64: MEA Market Value (US$ Million) Forecast by Vertical, 2018 to 2033

List of Figures

Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Solution, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Services , 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 5: Global Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 6: Global Market Value (US$ Million) by Application, 2023 to 2033

Figure 7: Global Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 8: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 13: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 14: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 15: Global Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 16: Global Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 17: Global Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 18: Global Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 21: Global Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 22: Global Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 23: Global Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 24: Global Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 25: Global Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 26: Global Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 27: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 28: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 29: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 30: Global Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 31: Global Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 32: Global Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 33: Global Market Attractiveness by Component, 2023 to 2033

Figure 34: Global Market Attractiveness by Solution, 2023 to 2033

Figure 35: Global Market Attractiveness by Services , 2023 to 2033

Figure 36: Global Market Attractiveness by Organisation Size, 2023 to 2033

Figure 37: Global Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 38: Global Market Attractiveness by Application, 2023 to 2033

Figure 39: Global Market Attractiveness by Vertical, 2023 to 2033

Figure 40: Global Market Attractiveness by Region, 2023 to 2033

Figure 41: North America Market Value (US$ Million) by Component, 2023 to 2033

Figure 42: North America Market Value (US$ Million) by Solution, 2023 to 2033

Figure 43: North America Market Value (US$ Million) by Services , 2023 to 2033

Figure 44: North America Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 45: North America Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 46: North America Market Value (US$ Million) by Application, 2023 to 2033

Figure 47: North America Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 48: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 49: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 50: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 51: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 52: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 53: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 54: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 55: North America Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 56: North America Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 57: North America Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 58: North America Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 59: North America Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 60: North America Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 61: North America Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 62: North America Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 63: North America Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 64: North America Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 65: North America Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 66: North America Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 67: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 68: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 69: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 70: North America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 71: North America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 72: North America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 73: North America Market Attractiveness by Component, 2023 to 2033

Figure 74: North America Market Attractiveness by Solution, 2023 to 2033

Figure 75: North America Market Attractiveness by Services , 2023 to 2033

Figure 76: North America Market Attractiveness by Organisation Size, 2023 to 2033

Figure 77: North America Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 78: North America Market Attractiveness by Application, 2023 to 2033

Figure 79: North America Market Attractiveness by Vertical, 2023 to 2033

Figure 80: North America Market Attractiveness by Country, 2023 to 2033

Figure 81: Latin America Market Value (US$ Million) by Component, 2023 to 2033

Figure 82: Latin America Market Value (US$ Million) by Solution, 2023 to 2033

Figure 83: Latin America Market Value (US$ Million) by Services , 2023 to 2033

Figure 84: Latin America Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 85: Latin America Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 86: Latin America Market Value (US$ Million) by Application, 2023 to 2033

Figure 87: Latin America Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 88: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 89: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 90: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 91: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 92: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 93: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 94: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 95: Latin America Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 96: Latin America Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 97: Latin America Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 98: Latin America Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 99: Latin America Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 100: Latin America Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 101: Latin America Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 102: Latin America Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 103: Latin America Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 104: Latin America Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 105: Latin America Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 106: Latin America Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 107: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 108: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 109: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 110: Latin America Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 111: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 112: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 113: Latin America Market Attractiveness by Component, 2023 to 2033

Figure 114: Latin America Market Attractiveness by Solution, 2023 to 2033

Figure 115: Latin America Market Attractiveness by Services , 2023 to 2033

Figure 116: Latin America Market Attractiveness by Organisation Size, 2023 to 2033

Figure 117: Latin America Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 118: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 119: Latin America Market Attractiveness by Vertical, 2023 to 2033

Figure 120: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 121: Europe Market Value (US$ Million) by Component, 2023 to 2033

Figure 122: Europe Market Value (US$ Million) by Solution, 2023 to 2033

Figure 123: Europe Market Value (US$ Million) by Services , 2023 to 2033

Figure 124: Europe Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 125: Europe Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 126: Europe Market Value (US$ Million) by Application, 2023 to 2033

Figure 127: Europe Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 128: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 129: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 130: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 131: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 132: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 133: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 134: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 135: Europe Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 136: Europe Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 137: Europe Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 138: Europe Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 139: Europe Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 140: Europe Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 141: Europe Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 142: Europe Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 143: Europe Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 144: Europe Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 145: Europe Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 146: Europe Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 147: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 148: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 149: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 150: Europe Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 151: Europe Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 152: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 153: Europe Market Attractiveness by Component, 2023 to 2033

Figure 154: Europe Market Attractiveness by Solution, 2023 to 2033

Figure 155: Europe Market Attractiveness by Services , 2023 to 2033

Figure 156: Europe Market Attractiveness by Organisation Size, 2023 to 2033

Figure 157: Europe Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 158: Europe Market Attractiveness by Application, 2023 to 2033

Figure 159: Europe Market Attractiveness by Vertical, 2023 to 2033

Figure 160: Europe Market Attractiveness by Country, 2023 to 2033

Figure 161: South Asia Market Value (US$ Million) by Component, 2023 to 2033

Figure 162: South Asia Market Value (US$ Million) by Solution, 2023 to 2033

Figure 163: South Asia Market Value (US$ Million) by Services , 2023 to 2033

Figure 164: South Asia Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 165: South Asia Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 166: South Asia Market Value (US$ Million) by Application, 2023 to 2033

Figure 167: South Asia Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 168: South Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 169: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 170: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 171: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 172: South Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 173: South Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 174: South Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 175: South Asia Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 176: South Asia Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 177: South Asia Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 178: South Asia Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 179: South Asia Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 180: South Asia Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 181: South Asia Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 182: South Asia Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 183: South Asia Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 184: South Asia Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 185: South Asia Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 186: South Asia Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 187: South Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 188: South Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 189: South Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 190: South Asia Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 191: South Asia Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 192: South Asia Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 193: South Asia Market Attractiveness by Component, 2023 to 2033

Figure 194: South Asia Market Attractiveness by Solution, 2023 to 2033

Figure 195: South Asia Market Attractiveness by Services , 2023 to 2033

Figure 196: South Asia Market Attractiveness by Organisation Size, 2023 to 2033

Figure 197: South Asia Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 198: South Asia Market Attractiveness by Application, 2023 to 2033

Figure 199: South Asia Market Attractiveness by Vertical, 2023 to 2033

Figure 200: South Asia Market Attractiveness by Country, 2023 to 2033

Figure 201: East Asia Market Value (US$ Million) by Component, 2023 to 2033

Figure 202: East Asia Market Value (US$ Million) by Solution, 2023 to 2033

Figure 203: East Asia Market Value (US$ Million) by Services , 2023 to 2033

Figure 204: East Asia Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 205: East Asia Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 206: East Asia Market Value (US$ Million) by Application, 2023 to 2033

Figure 207: East Asia Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 208: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 209: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 210: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 211: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 212: East Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 213: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 214: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 215: East Asia Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 216: East Asia Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 217: East Asia Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 218: East Asia Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 219: East Asia Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 220: East Asia Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 221: East Asia Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 222: East Asia Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 223: East Asia Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 224: East Asia Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 225: East Asia Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 226: East Asia Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 227: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 228: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 229: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 230: East Asia Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 231: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 232: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 233: East Asia Market Attractiveness by Component, 2023 to 2033

Figure 234: East Asia Market Attractiveness by Solution, 2023 to 2033

Figure 235: East Asia Market Attractiveness by Services , 2023 to 2033

Figure 236: East Asia Market Attractiveness by Organisation Size, 2023 to 2033

Figure 237: East Asia Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 238: East Asia Market Attractiveness by Application, 2023 to 2033

Figure 239: East Asia Market Attractiveness by Vertical, 2023 to 2033

Figure 240: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 241: Oceania Market Value (US$ Million) by Component, 2023 to 2033

Figure 242: Oceania Market Value (US$ Million) by Solution, 2023 to 2033

Figure 243: Oceania Market Value (US$ Million) by Services , 2023 to 2033

Figure 244: Oceania Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 245: Oceania Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 246: Oceania Market Value (US$ Million) by Application, 2023 to 2033

Figure 247: Oceania Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 248: Oceania Market Value (US$ Million) by Country, 2023 to 2033

Figure 249: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 250: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 251: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 252: Oceania Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 253: Oceania Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 254: Oceania Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 255: Oceania Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 256: Oceania Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 257: Oceania Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 258: Oceania Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 259: Oceania Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 260: Oceania Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 261: Oceania Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 262: Oceania Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 263: Oceania Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 264: Oceania Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 265: Oceania Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 266: Oceania Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 267: Oceania Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 268: Oceania Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 269: Oceania Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 270: Oceania Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 271: Oceania Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 272: Oceania Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 273: Oceania Market Attractiveness by Component, 2023 to 2033

Figure 274: Oceania Market Attractiveness by Solution, 2023 to 2033

Figure 275: Oceania Market Attractiveness by Services , 2023 to 2033

Figure 276: Oceania Market Attractiveness by Organisation Size, 2023 to 2033

Figure 277: Oceania Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 278: Oceania Market Attractiveness by Application, 2023 to 2033

Figure 279: Oceania Market Attractiveness by Vertical, 2023 to 2033

Figure 280: Oceania Market Attractiveness by Country, 2023 to 2033

Figure 281: MEA Market Value (US$ Million) by Component, 2023 to 2033

Figure 282: MEA Market Value (US$ Million) by Solution, 2023 to 2033

Figure 283: MEA Market Value (US$ Million) by Services , 2023 to 2033

Figure 284: MEA Market Value (US$ Million) by Organisation Size, 2023 to 2033

Figure 285: MEA Market Value (US$ Million) by Deployment Mode, 2023 to 2033

Figure 286: MEA Market Value (US$ Million) by Application, 2023 to 2033

Figure 287: MEA Market Value (US$ Million) by Vertical, 2023 to 2033

Figure 288: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 289: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 290: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 291: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 292: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 293: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 294: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 295: MEA Market Value (US$ Million) Analysis by Solution, 2018 to 2033

Figure 296: MEA Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033

Figure 297: MEA Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033

Figure 298: MEA Market Value (US$ Million) Analysis by Services , 2018 to 2033

Figure 299: MEA Market Value Share (%) and BPS Analysis by Services , 2023 to 2033

Figure 300: MEA Market Y-o-Y Growth (%) Projections by Services , 2023 to 2033

Figure 301: MEA Market Value (US$ Million) Analysis by Organisation Size, 2018 to 2033

Figure 302: MEA Market Value Share (%) and BPS Analysis by Organisation Size, 2023 to 2033

Figure 303: MEA Market Y-o-Y Growth (%) Projections by Organisation Size, 2023 to 2033

Figure 304: MEA Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033

Figure 305: MEA Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033

Figure 306: MEA Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033

Figure 307: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033

Figure 308: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 309: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 310: MEA Market Value (US$ Million) Analysis by Vertical, 2018 to 2033

Figure 311: MEA Market Value Share (%) and BPS Analysis by Vertical, 2023 to 2033

Figure 312: MEA Market Y-o-Y Growth (%) Projections by Vertical, 2023 to 2033

Figure 313: MEA Market Attractiveness by Component, 2023 to 2033

Figure 314: MEA Market Attractiveness by Solution, 2023 to 2033

Figure 315: MEA Market Attractiveness by Services , 2023 to 2033

Figure 316: MEA Market Attractiveness by Organisation Size, 2023 to 2033

Figure 317: MEA Market Attractiveness by Deployment Mode, 2023 to 2033

Figure 318: MEA Market Attractiveness by Application, 2023 to 2033

Figure 319: MEA Market Attractiveness by Vertical, 2023 to 2033

Figure 320: MEA Market Attractiveness by Country, 2023 to 2033

Frequently Asked Questions

Which countries dominate the global IoT in the manufacturing market?

The United States, Germany, and China dominate the global IoT manufacturing market.

What is the growth forecast for the IoT in the manufacturing market?

The market is forecast to register a CAGR of 14.2% through 2033.

What is the historical performance of the IoT in the manufacturing market?

During 2018 to 2022, the market grew at a CAGR of 10.5%.

Which is the top trend in the IoT manufacturing market?

The increasing adoption of Industry 4.0 is disrupting the current market trends.

What is the projected size of the market by 2033?

The global market size to reach USD 948.6 billion by 2033.

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IoT in Manufacturing Market