Internet of Things (IoT) Technologies for Process Manufacturing

Internet of Things (IoT) Technologies for Process Manufacturing: Global Markets by Application, Services, Key Players and Region 2019-2026

The ‘ Internet of Things (IoT) Technologies for Process Manufacturing market’ research added by Market Expertz, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.

In this report, the IoT market is segmented into three product areas—hardware, software, and networking—and five vertical markets: oil and gas, food, pharmaceuticals and life sciences, plastics and metal. Hardware includes three types of factory floor devices: sensors, programmable logic controllers and distributed system controllers. Software consists of IoT platforms, big data and security. Networking is comprised of wired and wireless connections. The revenue numbers are for global sales.

Manufacturing is a mature market that is growing at a low single-digit rate. Of the five products segments, pharmaceuticals and food will grow at the fastest rates. A push to expand healthcare in industrialized countries will lead to more drug use. The global expansion will continue, and food will be available in more locations. Competition is fierce in established market and increasing in less established ones, which will spark innovation and the use of technology for competitive advantage.

The major players covered in this report are

  • General Electric Corp.
  • Hewlett Packard Enterprise
  • IBM Corp.
  • Intel Corp. and Microsoft Corp.

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Report Scope:

The building of IoT solutions includes three main components: hardware, software and networking. The markets are broken down into subsets. Hardware consists of sensors, programmable logic controllers and distributed control systems. Software involves IoT platforms, big data and security solutions. Networking is available in wired or wireless configurations.

This report examines the technologies, markets and factors influencing the markets for IoT systems. Markets are forecast based on historical activity and current opportunities, technical advances and challenges, and five subsets of the process market: oil and gas suppliers, food suppliers, metals, plastics and chemicals.

Extensive data on market segmentation

The Internet of Things (IoT) Technologies for Process Manufacturing report divides the market of potential buyers into different groups, or segments/ sub-segments, based on various characteristics. The segments and sub-segments identified contain buyers who are expected to respond or react similarly to certain products and services. The report further finds out consumers who share traits including similar expectations, interests, geography and needs. The segmentation sheds light on how some customers are likely to purchase a product or service than others to enable marketers to allocate their focus as well as the resource.

Market share

Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Internet of Things (IoT) Technologies for Process Manufacturing industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company, as well as an entrepreneur, holds in the Internet of Things (IoT) Technologies for Process Manufacturing market

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Summary

Information technology continues to impact many businesses, accelerating development cycles, increasing efficiency and providing a more complete operational outlook. At one time, applications such as accounts receivable and payroll operated autonomously with little to no integration, but these types of applications are now melded into cohesive financial systems. A similar transformation is about to occur in the industrial process manufacturing market. Intelligence, which was once housed in standalone devices (e.g., programmable logic controllers) is about to be shared throughout the enterprise from the start to the end of the supply chain. A new generation of intelligent endpoints dubbed the Internet of Things (IoT) is being created. As a result, manufacturers gain insight into realtime operations, allowing them to manage their operations more effectively.

Attracting the target audience

First, the comprehensive report finds out why customers need a certain product or service. The study focuses on what problems a certain product and service can solve.  Apart from target demographics industry experts weigh up on the factors including audience type, as well as others vital attributes about the target customer segment.

Report Includes:

– 50 data tables and 20 additional tables

– An overview of the global market for process manufacturing Internet of Things (IOT) solutions

– Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022

– Insight into how new technology shaped by requirements for IOT applications will create new product categories or bring new life to existing products

– A look at factors driving the market, such as lower power and longer battery life, improved networking capability, advanced software solutions, and increased access to real-time data

– Coverage of applications, including building materials, chemicals, energy, food, pharmaceuticals, and textiles

– Company profiles of major players in the industry, including General Electric Corp., Hewlett Packard Enterprise, IBM Corp., Intel Corp. and Microsoft Corp.

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Purushottam Gaurav

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