Revenue shares, service offerings and contact information of each of the companies has also been stated with maximum details. This study also offers an overview of pricing trends and ancillary factors that will be influencing pricing in the global Internet of Things (IoT) in Manufacturing market.
All information assembled is then accumulated to lay out a clear picture of the present status of Internet Of Things (IoT) In Manufacturing Market. The summary includes trade revisions, market reimbursements, business necessities and circumstances and growth prognosis.
It is authenticated and influenced by the exploration and outcome of other painstaking researches.
The competitive landscape is mapped depending on product and technology.
This study also offers an overview of pricing trends and ancillary factors that will be influencing pricing in the global Internet of Things (IoT) in Manufacturing market. The market study, estimation, and market sizing have been done utilizing a combination of top-down and bottom-up approaches.
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“Rising need for operational efficiency and increasing penetration of connected devices are driving the IoT in manufacturing market”
The IoT in manufacturing market size is estimated to grow from USD 4.11 billion in 2015 to USD 13.49 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 26.9%. This growth is driven by factors such as need for operational efficiency, decreasing hardware and connectivity cost and increasing penetration of connected devices.
“NFC is expected to gain maximum traction during the forecast period”
Near Field Communication (NFC) is estimated to grow at the highest CAGR during the forecast period due to decrease in hardware cost. Managed service is expected to grow at the highest rate between 2015 and 2020.
Due to increasing technological adoption, Asia-Pacific (APAC) is projected to witness fastest growth rate among regions.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
- By Company Type: Tier 1- 60%, Tier2-27%, and Tier 3-13%
- By Designation: C-Level-50%, Director Level-30%, and Others*-20%
- By Region: North America-30%, Europe-20%, Asia-Pacific-20%, and RoW-30%
Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies is defined on the basis of their total revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion and Tier 3 =
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Revenue shares, service offerings and contact information of each of the companies has also been stated with maximum details. With the help of these details, a to the point overview of the competitive landscape of the market is covered in the report, expected to give the readers a clear idea of strategies that are providing most promising returns to companies.
The report study begins with a brief market history and then gives a comprehensive market overview. The report talks about the market dynamics – the trends that are shaping the global Internet of Things (IoT) in Manufacturing market.
A detailed analysis of the key market drivers and restraints are presented.
In addition to this, an in-depth analysis of the challenges, threats the market faces are covered in this study. The study delivers an impact analysis of these key trends according to demography.
The key regional sectors of the market are Asia Pacific, Europe, North America, and Rest of the World (RoW).
A detailed evaluation of the key trends that are shaping these regional markets is mentioned in the research study. Region-wise market size, revenue share, volume share, forecasts are covered in the report.
Furthermore, the top revenue-generating companies dominating these regional markets are described in the report.
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